That’s Not Your Money

Echoing Progressive-Democratic Party Presidential candidate and New York Mayor Bill de Blasio’s claim that there’s plenty of money, it’s just in the wrong hands, more Progressive-Democrat Presidential candidates are moving toward taxing the mere existence of that money.

For the richest Americans, Democrats want to shift toward taxing their wealth….

After all,

At the end of 2017, US households had $3.8 trillion in unrealized gains in stocks and investment funds, plus more in real estate, private businesses, and artwork[.]

Gimme that money, say the Progressive-Democrats. You didn’t earn that. And besides, whether you did or not is irrelevant. We have better uses because just shut up.

Senator Ron Wyden (D, OR) has given the game away.

The whole tax system is stacked in favor of the tax-avoidance crowd[.]

Because it’s government’s money, not private money.  Never mind that were tax rates not so usuriously high, no one would have to work hard to pay the minimum the law requires (honest efforts that guys like Wyden, in wide-eyed innocence, call “tax avoidance”).

Aside: the article opens with this:

The income tax is the Swiss Army Knife of the US tax system, an all-purpose policy tool for raising revenue, rewarding and punishing activities, and redistributing money between rich and poor.

Which is what I’ve been saying, along with many others, all along. Our tax code is for social engineering not so much for raising revenue for Constitutional purposes.  And that’s a fatal flaw.

Second aside: Progressive-Democrats ignore how much more taxes the Evil Rich pay than the rest of us, as illustrated by this graph from the same article. It’s never going to be enough because you’re still talking—shut up, I said.

Pro-EU

Too many Brits in Parliament plainly favor the European Union over their own nation.  That’s what opposition MPs seem to do, as they look to block a no-deal departure from the EU by Great Britain, even expressing a willingness to bring down the government to achieve that end.

Prime Minister Boris Johnson wants a (new) deal, for all that he’s willing to take Great Britain out of the EU on schedule if Brussels continues to refuse to negotiate at all, much less in good faith. The MPs’ obstruction serves only to undercut such leverage as Johnson might have in these post-May efforts.

The most that can happen from their obstruction is the preservation of May’s Northern Ireland border agreement that gives open and unfettered entry into Great Britain. This destroys British sovereignty by eliminating its control over its own border—which was a major motivation for the Leave vote.

Since those MPs know this full well—after all, they’re highly intelligent and at the top of their respective parties—their motive can only be their favoring the EU and subordinating their own nation and its sovereignty to that continental entity.