Tag Archives: political parties

Government Controls

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Here’s the latest version of the Biden-Harris administration’s attempt to expand government control over our economy, this time using Medicare drug pricing as their venue. This example also is the latest inclusion in the Progressive-Democratic Party’s reconciliation bill.

The Health and Human Services Secretary will “negotiate” 10 to 20 of the drugs that Medicare spends most on, starting in 2025. Drug makers will get socked with a 95% excise tax on gross sales if they don’t agree to the government’s price.

This is a textbook example of the fascism version of socialism. Companies are free to produce and sell whatever they want, so long as it fits within Government requirements directing what is produced, the volume of production, and the prices to be charged.

Yet, Biden can’t make the trucks run on time.

A Taliban Threat

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The Taliban gang ruling over Afghanistan’s territory is saying, “Give us the money, or….”

Taliban officials are warning—or threatening—that unless Western governments and financial institutions release frozen foreign reserves and aid funds, the West could be flooded with a tide of Afghan migrants.

The vast majority of the frozen funds, some $9.5 billion, is held by the Biden-Harris administration’s Federal Reserve Bank of New York. The World Bank and the International Monetary Fund also is withholding direct aid and drawing rights.

Did I say “threat?” Continuing the freeze sounds like a better evacuation plan than the one Biden-Harris used a couple months ago.

Some Results of Illegal Immigration

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Here are some of those, just crossing our unprotected southern border.

  • 17,300 migrants illegally crossing our southern border, with prior convictions of other crimes, arrested. Up from 9,447 in fiscal 2020.
    • assault
    • battery
    • domestic violence
    • burglary
    • robbery
    • larceny
    • theft
    • fraud
    • DUI
    • homicide
    • manslaughter
    • illegal drug possession and trafficking
    • illegal reentry
    • illegal weapons possession and transport
    • sex offenses
  • additional 8,979 migrants arrested with outstanding arrest warrants against them from other law enforcement agencies
  • 27% of arrestees were repeat offenders previously caught in the same fiscal year

Sheriff Joe Martinez, of Val Verde County, Texas:

What’s scary…we don’t know where they [the got-aways] are going. How many were from terrorist groups from special interest countries?
That’s the unknown.

Indeed. But the Biden-Harris administration cares not a fig about any of this.

Nor is it just this flood of illegal aliens who also are seriously violent criminals.

Outgoing DEA El Paso Division Chief Kyle Williamson:

It’s the worst it’s ever been. There’s no good news here. And the amount of methamphetamine and fentanyl coming in right now is unprecedented.

From the DEA’s March National Drug Threat Assessment:

The violence, intimidation, theft, and financial crimes carried out by [Mexican] TCOs [Transnational Cartel Organizations], criminal groups, and violent gangs pose a significant threat to our nation. The criminal activities of these organizations operating in the United States extend well beyond drug trafficking and have a profoundly negative impact on the safety and security of US citizens. Their involvement in alien smuggling, firearms trafficking, and public corruption, coupled with the high levels of violence that result from these criminal endeavors, poses serious homeland security threats and public safety concerns.

The Biden-Harris administration cares not a fig about any of this, either.

Aside: Just the News refers to these as “migrants.” They are not. They are illegal aliens. Full stop. It’s sad that JtN has allowed itself to get so infected with political correctness.

Punish Success

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Punish, especially, those who are successful.

[T]he $1.75 trillion [reconciliation] package restores limits on so-called “mega IRAs,” preventing more money from being added to a Roth or traditional individual retirement account if its value exceeded $10 million. The restriction…would apply to individuals who make over $400,000 and married joint filers with more than $450,000 in annual income.

There’s that marriage penalty back, too.

And (and contradictorily to the income limit posited above)

[W]ealthy Americans with account balances above $10 million would have to draw down their accounts by a certain threshold each year, thereby triggering taxes on the money.
…. The general rule is that anyone with more than $10 million in an account must withdraw at least 50%. Those with more than $20 million would be required to withdraw 100% of anything over that $20 million threshold in their Roth accounts.

Regardless of their income. And to hell with their heirs. Or their intended charities.

Here’s another aspect of their game, from Steven Rosenthal of the Tax Policy Center:

A big first step to strip retirement tax benefits from those who don’t need the help[.]

Because Leftists know the needs of Americans better than those who’ve earned the wealth with which to satisfy their own needs.

Really, though, it’s not even that much. It’s much pettier.

Jealousy… is the green-eyed monster which doth mock
The meat it feeds on.

 

Disingenuosity of a Progressive-Democrat

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Recall that last spring’s reconciliation bill included an expanded child tax credit, which payments were automatic monthly payments that went to families without income as well as to those with income.

Progressive-Democrats, in the current reconciliation bill, want to make those credits permanent, and still automatic. Progressive-Democrats also want to start paying out a universal basic income to all Americans. But, House Majority Leader Steny Hoyer (D, MD) is denying that the child tax credit is a step toward a universal basic income.

As constructed, though, this “credit,” paid automatically regardless of “need,” is itself income, and given the breadth of Americans who receive it, it’s virtually universal all by itself.

And, of course, it’s income.

What is Hoyer’s limiting principle that proves this child tax credit is not a step on the road to a fully universal basic income? What hard principle prevents him from changing his mind on this, or that prevents any of his colleagues from changing this “credit,” later?

Hoyer has none. He’s simply being disingenuous when he claims the nearly universal child tax credit isn’t a step—a huge step, nearly spanning the gap, I say—toward a universal basic income.