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[W:307]Biden Hitting Your 401k

Biden is the worst president in our history. He killed the XL Pipeline, which Dems are gonna applaud. He threw open the borders, which Dems are gonna deny. He raised taxes in themiddle of the pandemic, which Dems will applaud. He wants to pack the Supreme Court, which history will condemn him. He claimed there is systemic racism, even though Oprah is a billionaire and Obama was elected twice. He made one policy giving money to every race of person, except white, which is racist. He politicized the military with "wokism", which Dems will not criticize. The Dems want to make D.C. the 51st state, which is against the constitution. Gun Control violates the Second Amendment. Abortion is obviously morally wrong. Sanctuary cities in CAL, COL, ILL, MASS, NJ, NM, ORE, and VER are violating federal law. Andrew Cuomo is a murderer and a rapist, yet Dems think he is a paragon of virtue. Biden bragged that he got the Ukrainian prosecutor fired in the Burisma case.

In order to become a democrat, I would have to lie, be a racist, suffer from psychological denial, abandon traditional morality, flaunt federal law, stomp on the constitution, burn the flag and kill people. Ain't gonna happen.
 

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Robert F said:
Biden is the worst president in our history. He killed the XL Pipeline, which Dems are gonna applaud. He threw open the borders, which Dems are gonna deny. He raised taxes in themiddle of the pandemic, which Dems will applaud. He wants to pack the Supreme Court, which history will condemn him. He claimed there is systemic racism, even though Oprah is a billionaire and Obama was elected twice. He made one policy giving money to every race of person, except white, which is racist. He politicized the military with "wokism", which Dems will not criticize. The Dems want to make D.C. the 51st state, which is against the constitution. Gun Control violates the Second Amendment. Abortion is obviously morally wrong. Sanctuary cities in CAL, COL, ILL, MASS, NJ, NM, ORE, and VER are violating federal law. Andrew Cuomo is a murderer and a rapist, yet Dems think he is a paragon of virtue. Biden bragged that he got the Ukrainian prosecutor fired in the Burisma case.

In order to become a democrat, I would have to lie, be a racist, suffer from psychological denial, abandon traditional morality, flaunt federal law, stomp on the constitution, burn the flag and kill people. Ain't gonna happen.
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Gee, just imagine if he encouraged an armed insurrection and lied about vote fraud!

Tell me how making DC a state is against the constitution...
 
Buying time.
 
Robert F said:
Biden is the worst president in our history. He killed the XL Pipeline, which Dems are gonna applaud. He threw open the borders, which Dems are gonna deny. He raised taxes in themiddle of the pandemic, which Dems will applaud. He wants to pack the Supreme Court, which history will condemn him. He claimed there is systemic racism, even though Oprah is a billionaire and Obama was elected twice. He made one policy giving money to every race of person, except white, which is racist. He politicized the military with "wokism", which Dems will not criticize. The Dems want to make D.C. the 51st state, which is against the constitution. Gun Control violates the Second Amendment. Abortion is obviously morally wrong. Sanctuary cities in CAL, COL, ILL, MASS, NJ, NM, ORE, and VER are violating federal law. Andrew Cuomo is a murderer and a rapist, yet Dems think he is a paragon of virtue. Biden bragged that he got the Ukrainian prosecutor fired in the Burisma case.

In order to become a democrat, I would have to lie, be a racist, suffer from psychological denial, abandon traditional morality, flaunt federal law, stomp on the constitution, burn the flag and kill people. Ain't gonna happen.
Click to expand...

Did you bet Trump you could tell more idiotic pre-debunked lies in a minute than he can?
 
beefheart said:
Really? Mine is up over 7% since the start of the year, I expect it to keep going up....
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Yep. Biden's stock market is smoking Trump's stagnancy.
 
VySky said:

Stunned Wall Street Responds To Biden's Shock Proposal To Double Cap Gains Tax​


With stocks tumbling following the report that Joe Biden is considering a proposal that would double the capital gains tax, as investors dump in hopes of locking in existing cap gains rates - an exercise in futility if Biden and the socialists in Congress decide to make such a tax change retroactive to all of 2021 - Bloomberg quickly polled several Wall Street traders who focused on the policy’s implications for investing, and concluded that while it was too soon to panic, prospects of a higher levy on stock profits could spark near-term selling as investors look to skirt a higher rate.

Here are some hot takes, courtesy of Bloomberg:

Zerohedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com
Click to expand...
Democrats are going to struggle with the reality that Joe lied about taxing the middle class. Roughly 55% of middle class americans have their money in a retirement fund that depends heavily on the markets to grow the retirement payout. Now Joe wants to kill the market, double the capital gains taxes and harm the growth of the fund overall. This is going to harm the middle class.
 
Court Jester said:
Doubling the capital gains tax will lead to a huge sell off, and money moved off shore.

Biden never ran a business, he clearly is clueless about how INVESTORS drive the economy. But to Biden wealth is only deserved by people like his son getting paid off.
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Joe don't know Joe don't care. He is an idiot with dementia or he is a fool or he has gone totally far left socialist or worse. He obviously lied all during his basement campaign.
 
VySky said:

Stunned Wall Street Responds To Biden's Shock Proposal To Double Cap Gains Tax​


With stocks tumbling following the report that Joe Biden is considering a proposal that would double the capital gains tax, as investors dump in hopes of locking in existing cap gains rates - an exercise in futility if Biden and the socialists in Congress decide to make such a tax change retroactive to all of 2021 - Bloomberg quickly polled several Wall Street traders who focused on the policy’s implications for investing, and concluded that while it was too soon to panic, prospects of a higher levy on stock profits could spark near-term selling as investors look to skirt a higher rate.

Here are some hot takes, courtesy of Bloomberg:

Zerohedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com
Click to expand...

Loving these dips. Just more opportunities to buy.
 
Did people who voted for Joe actually believe his promises? Didn't they look at his record on issues over the years, almost always wrong.
 
Mr Person said:
Oh FFS, @VySky , the proposal is only for people who made over $1,000,000 in the year the gain is made.

www.marketwatch.com

Dow books over 300 point loss after report Biden weighing sharp rise in capital gains tax for wealthy

U.S. stocks ended sharply lower on Thursday, following a news report that said President Joe Biden is weighing a proposal which would nearly double the...
www.marketwatch.com www.marketwatch.com

finance.yahoo.com

Stock market news live updates: Stocks sink after report says Biden will propose higher capital gains tax on the wealthy

Stocks rose for the first time in three days earlier on Wednesday.
finance.yahoo.com finance.yahoo.com

I'm not going to be crying any rivers for someone who has to pay 39.6% cap gains because they hauled in a few million in the same year they sold the stock. And frankly, neither of they. All systems in play are so skewed towards the richest that they'll keep on getting richer anyway. They've systemically absorbed the nation's wealth for decades. The CEO pulls in a cool 50 mil, and the line workers have a second full time job and part-time ones on the side.

Enough.
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I’m not sure you understand. This tax will apply to retirees who are cashing out their 401Ks to pay for the remainder of their existence. This tax hike, on top of State level taxes, will see to it that more than half of their retirement income goes up in smoke. $1 million is FAR too low for a tax like this especially with no exception for 401Ks.
 
Honestly, we need take the COVID welfare back from Trump voters. They made this pandemic much worse.
 
beefheart said:
Gee, just imagine if he encouraged an armed insurrection and lied about vote fraud!

Tell me how making DC a state is against the constitution...
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According to the constitution DC is carved out to be the capital city.
 
If this had any chance of passing the market would be down 2,000 points. And that would be just the start.


Just red meat for the weenie brigade who are too stupid to understand how this tax plan would affect the economy, jobs and wages if it were actually enacted.
 
Integrityrespec said:
Democrats are going to struggle with the reality that Joe lied about taxing the middle class. Roughly 55% of middle class americans have their money in a retirement fund that depends heavily on the markets to grow the retirement payout. Now Joe wants to kill the market, double the capital gains taxes and harm the growth of the fund overall. This is going to harm the middle class.
Click to expand...
Yep. Yet the same idiots that bought "families making less than $250,000 will not see any form of tax increase. Period" are still going to lap this up like dogs in a litter box.
 
Napoleon said:
I’m not sure you understand. This tax will apply to retirees who are cashing out their 401Ks to pay for the remainder of their existence. This tax hike, on top of State level taxes, will see to it that more than half of their retirement income goes up in smoke. $1 million is FAR too low for a tax like this especially with no exception for 401Ks.
Click to expand...

No it won’t. 401(k) withdrawals are already taxed at your regular marginal tax rate, not capital gain rates. This proposal has no effect on taxes paid on 401(k) withdrawals.
 
VySky said:

Stunned Wall Street Responds To Biden's Shock Proposal To Double Cap Gains Tax​


With stocks tumbling following the report that Joe Biden is considering a proposal that would double the capital gains tax, as investors dump in hopes of locking in existing cap gains rates - an exercise in futility if Biden and the socialists in Congress decide to make such a tax change retroactive to all of 2021 - Bloomberg quickly polled several Wall Street traders who focused on the policy’s implications for investing, and concluded that while it was too soon to panic, prospects of a higher levy on stock profits could spark near-term selling as investors look to skirt a higher rate.

Here are some hot takes, courtesy of Bloomberg:

Zerohedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com
Click to expand...
Our 401 is doing just fine now. Up 9% since February.
 
NatMorton said:
Why do you feel the need to justify yourself to me?
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Because you thought you could pre-define me.

Right wing white supremacy envy...
 
Ever notice how Progressives turn into robber barons as soon as they start taking about their 401Ks?
 
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