The Naivety of a President Kamala Harris Will Destroy Your Finances - You Are Being Warned.

Wednesday, August 28, 2024

Candidate Kamala Harris is promising to deliver changes to the U.S. economy that will plunge millions of families into poverty, and force many millions more individuals and families to a lower standard of living.

Kamala honestly believes the things she is promising to do to our family finances, and to the economy if elected U.S. President, will HELP us.

But it appears NAIVETY is blocking her common-sense thought processes, when planning these projects.

For example, like Joe Biden, his replacement Kamala Harris is promising to let Tax-Cuts expire in 2025. Kamala's naivety makes her believe RAISING TAXES on individuals, families, and corporations, is good for America and Americans.

TPresident Joe Biden took aim at the Republicans’ 2017 Tax Cuts and Jobs Act and its provisions that are due to expire in 2025. He told electrical union workers, “It’s going to expire, and if I’m reelected it’s going to stay expired.”

If Congress fails to extend the Trump-era tax cuts, it means an average American family of four making $75,000 will get hit with a $1,500 tax increase. Main Street businesses will face a 43.4 percent tax rate, and “working parents will suffer from a Child Tax Credit slashed in half, along with the standard deduction every taxpayer is due.

Contrary to what the Biden administration would have us believe, most Americans got a tax cut thanks to the 2017 law, which Biden loves to demonize.

More at: rollcall.com...

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Another President Harris order will be to raise the national minimum wage to $15 per hour: x.com...

While at the same time, keeping prices of goods and services artificially low (price ceilings): thehill.com...

Essentially, President Harris's administration will tell Grocery Stores that every employee must make at least $15 per hour, and bread can't cost any more than $2.50 @ loaf....or milk can't cost more than $2.50 @ gallon, as 2 examples.

What effects will this have on the economy? A "wrecking ball" is too tame of a description, imo.

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What happens to workers when their employers are taxed at a higher rate? You guessed it. The owners don't suffer one bit.

President Kamala Harris will increase the tax rate of businesses from 21% to 28%, and throw in a 25% tax on "unrealized" capital gains.

This government scheme to raise cash will deliver reduced benefits to employees, large-scale layoffs, and higher prices for all consumers.

Read all about it: www.foxnews.com...

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YOU ARE BEING WARNED! 🚨

Knowledge is power. Vote accordingly.

-WeMustCare 😎

a reply to: WeMustCare

Kamala honestly believes the things she is promising to do to our family finances, and to the economy if elected U.S. President, will HELP us.

I know she's not the smartest cracker in the box but I don't believe that's true. I don't think her brain understands how to run a government or what the consequences of the policies her handlers are demanding will do, and she doesn't care. She's happy to go along with whater the pllan is as long as it leads to the socialism her and her fan club seem to want so badly.

a reply to: WeMustCare

Support laissez Faire capitalism, but trickle-down is BS. Unless you like retail jobs.

How long has corporate tax been below 35%? All of 7 years?

35 dropped to 21 and she wants to move it back to 28. Still at least 20% lower than everyone before 2017.

"Increased domestic investment" concentrates itself but looks awesome on paper.

bipartisanpolicy.org...

One study from 2023 argues that TCJA caused U.S. companies to increase domestic investment around 20%, which also increased wages. Another study, from 2022, found that TCJA’s rate cut increased “sales, profits, investment, and employment,” but that economic gains were concentrated among the top 10% of earners

It's easy to point out the expendable income increases on paper without pointing out the bottom 60% saw a negligible benefit.

www.cbpp.org...

Was skewed to the rich..Households with incomes in the top 1 percent will receive an average tax cut of more than $60,000 in 2025, compared to an average tax cut of less than $500 for households in the bottom 60 percent

Sweet! That means only an additional $1000 loss after the 10% import tariff. I'm glad his plan does more for the middle and lower classes and doesn't exclusively benefit himself and his country club friends.

But at least he's consistent.

www.citizen.org...

Trump is currently pledging to ban federal contracts to firms that offshore to China, but to date has awarded $113.9 billion to firms that did just that.

Okay, sometimes consistent.

itep.org...

The Trump-GOP tax law enacted in December 2017 creates clear incentives for American-based corporations to move operations and jobs abroad, including a zero percent tax rate on many profits generated offshore.

Oh, that's why.

Not going lie Im of the opinion fear of Harris/Walz being able to get a 25% tax on unrealized capital gains, is most likely not ever to be introduced or legislated on an voted on.

Sounds great to the uninformed, but it would be fought against, and Im not sure even the Democrats could get unanimous support I know Republicans would fight it tooth and nail.

It's nothing but vote for me I'll stick it to the man, but it will never be legislated upon.

If it does in my industry, we would lose a handful of companies. They would move home offices overseas at a time when we need them to invest more in America

Most commission-based businesses would be hurt by such restrictive legislation.

a reply to: nugget1

We'll see what the body-language analysts tell us after the CNN interview is broadcast Thursday night.

a reply to: Degradation33

Here is WHAT MATTERS to the people you see around you every day, as you go through life (unless you're in prison).

Groceries that cost $261 in December 2020 cost $317 today. That's 20% more expensive, after just 3 years of Biden-Harris.

Source - Graph: fred.stlouisfed.org...

Kamala vows not to "go back" to pre-2021. That means another 20% increase in the cost of groceries, if she's elected President.

Kamala is going to "finish the job", since there's "no daylight" between her and President Joe Biden.
😨💣

a reply to: WeMustCare

Sorry to say total collapse is coming with or without Kamala . Position yourselves now.

originally posted by: WeMustCare
Wednesday, August 28, 2024

Candidate Kamala Harris is promising to deliver changes to the U.S. economy that will plunge millions of families into poverty, and force many millions more individuals and families to a lower standard of living.

Kamala honestly believes the things she is promising to do to our family finances, and to the economy if elected U.S. President, will HELP us.

But it appears NAIVETY is blocking her common-sense thought processes, when planning these projects.

For example, like Joe Biden, his replacement Kamala Harris is promising to let Tax-Cuts expire in 2025. Kamala's naivety makes her believe RAISING TAXES on individuals, families, and corporations, is good for America and Americans.

TPresident Joe Biden took aim at the Republicans’ 2017 Tax Cuts and Jobs Act and its provisions that are due to expire in 2025. He told electrical union workers, “It’s going to expire, and if I’m reelected it’s going to stay expired.”

If Congress fails to extend the Trump-era tax cuts, it means an average American family of four making $75,000 will get hit with a $1,500 tax increase. Main Street businesses will face a 43.4 percent tax rate, and “working parents will suffer from a Child Tax Credit slashed in half, along with the standard deduction every taxpayer is due.

Contrary to what the Biden administration would have us believe, most Americans got a tax cut thanks to the 2017 law, which Biden loves to demonize.

More at: rollcall.com...

--------------

Another President Harris order will be to raise the national minimum wage to $15 per hour: x.com...

While at the same time, keeping prices of goods and services artificially low (price ceilings): thehill.com...

Essentially, President Harris's administration will tell Grocery Stores that every employee must make at least $15 per hour, and bread can't cost any more than $2.50 @ loaf....or milk can't cost more than $2.50 @ gallon, as 2 examples.

What effects will this have on the economy? A "wrecking ball" is too tame of a description, imo.

-----------------

What happens to workers when their employers are taxed at a higher rate? You guessed it. The owners don't suffer one bit.

President Kamala Harris will increase the tax rate of businesses from 21% to 28%, and throw in a 25% tax on "unrealized" capital gains.

This government scheme to raise cash will deliver reduced benefits to employees, large-scale layoffs, and higher prices for all consumers.

Read all about it: www.foxnews.com...

--------

YOU ARE BEING WARNED! 🚨

Knowledge is power. Vote accordingly.

-WeMustCare 😎

There is a dark side of me that hopes the "win" so that everything can collapse and all of these wonderful peops that vote for and believe in Democrats will have their lives ruined. Funny thing is, probably all the way to the end of her "career", she and her minions will claim Trump is causing these problems and these gullible glompers will believe her.

originally posted by: underpass61
a reply to: WeMustCare

Sorry to say total collapse is coming with or without Kamala . Position yourselves now.

For those who haven’t watched it there is a movie called the four horsemen that addresses this very issue well enough that I could understand it 🤪🤣🙄🤙

originally posted by: underpass61
a reply to: WeMustCare

Sorry to say total collapse is coming with or without Kamala . Position yourselves now.

It’s going to be the haves, and the have nots,
Actually we are already there.

There’s still a lot of people with private jets and brick homes with pools. And there’s a lot of people who can’t afford owning a junk car and live in squalor.

One day the pitchforks will come out, maybe in our lifetime.

a reply to: Degradation33

Careful believing those biased one sided reports that omit the key points and sometimes focus on tangents that are meaningless. 😀

a reply to: putnam6

Since the unrealized capital gains tax is for people and entities that have assets of $100 million or more (how they determine what an eligible asset is and who owns it I don't know), this tax would likely cause some bankruptcies and job reductions that would kill off the tax revenues a year or two later. It's a Loon Policy, that's why The Biden Admin is proposing it already. Kamala is acting like it's her brand new save-all be-all end-all brilliance. It's closer to an "end-all" policy than anything else 🤣

Naive? Like hell, naive!

She is as "native" as Karl Marx, and Friedrich Engels, Richard Cloward and Frances Fox Piven.

a reply to: WeMustCare

They just want to kill small business. They want everyone to be working for some type of corporation. Most big corporations like Walmart and kroger already pay 14 or 15 minimum even in states that haven't raised their minimum wage. So it won't have much of an effect there but the smaller businesses are going to struggle more.

What doesn't exist in communism hehehehehehehe????!? Small businesses owned by regular citizens. Giant multinational corporations like Walmart have the same effect when they crush out all the competition.

originally posted by: WeMustCare

President Kamala Harris will increase the tax rate of businesses from 21% to 28%, and throw in a 25% tax on "unrealized" capital gains.

We need to reach the young people. They need to know their only hope of a happy retirement is to invest because there are fewer and fewer companies offering pensions.

They may not realize all those retirees they see or hear about in real life or fiction are on a pension or a retirement account. If they are depending on Social Security alone, then they may be just scraping by.

They may not realize the culture in many areas, especially liberal ones, is to pressure old people to get out of the way when they reach retirement age and are eligible for Social Security.

originally posted by: WeMustCare
a 25% tax on "unrealized" capital gains.

When her policies topple the economy and housing has its massively overdue correction... will we be able to deduct unrealized losses?

(Rhetorical question of course; if one makes responsible decisions and has positive net worth you're not getting a penny back.)

a reply to: Solvedit

You're right. The Federal Government (and many state governments) loved how Covid-19 killed hundreds of thousands of people on Social Security, Medicare, and Medicaid. Notice how we haven't heard talk of these programs going broke since 2019? Biden-Harris are even signing up people here illegally for Government provided Cash and Healthcare.

a reply to: 38181

You are spot-on. HAVES vs HAVE NOT's: gettr.com...

Anchor babies can be President?

originally posted by: xuenchen
a reply to: putnam6

Since the unrealized capital gains tax is for people and entities that have assets of $100 million or more (how they determine what an eligible asset is and who owns it I don't know), this tax would likely cause some bankruptcies and job reductions that would kill off the tax revenues a year or two later. It's a Loon Policy, that's why The Biden Admin is proposing it already. Kamala is acting like it's her brand new save-all be-all end-all brilliance. It's closer to an "end-all" policy than anything else 🤣

Today, Kamala let CNN interview her and Timothy for 18 minutes. She stands by everything she's said, because her "values" are rock solid and unchanged.

Source: www.thegatewaypundit.com...

Her values don't change, which explains "border wall bad" in 2023 vs "border wall good" in 2024???

This woman is crazy! 🤪