Tuesday, September 28, 2021

Could Biden Be Right

 Joe Biden gave a speech, sort of, yesterday ans stated the $3.5 trillion dollar(It's actually closer to $5 trillion) tax bill will actually cost zero dollars because only the rich will pay.

I'm no economist, far from it, but I do real my high school Econ teacher, Mr. Lyness, telling us, "There's no such thing as a free lunch."

In the same vein Ms. Pelosi said, "It's unfair and absurd to think corporations would raise their prices on the middle class."

Big Brother is here:

A major component of President Joe Biden’s plan to raise revenue to pay for his trillions of dollars in new federal spending is now under fire from trade associations across the country.

The Biden administration has made clear its plan to beef up IRS auditing by expanding the agency’s funding and power. Biden’s latest proposal would require banks to turn over to the Internal Revenue Service bank account information for all accounts holding more than $600.

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