The Biden White House, along with many Democrats, like to portray themselves as the party of the working class ("middle-class Joe" and all that). That's where all this "tax the rich" and "the super-wealthy aren't paying their fair share" rhetoric comes from.
In the latest White House push they're calling for a "billionaire minimum tax":
A billionaire minimum tax of just 25% would raise $440 billion over the next 10 years.
— President Biden (@POTUS) November 30, 2023
Imagine what we could do if we just made billionaires pay their taxes like everyone else.
First of all, $440 billion over ten years is a drop in the bucket up next to the monstrous level of federal government spending.
How about we cut spending by $440B and stop envisioning how to punish people for accumulating wealth versus recklessly spending (like our government does)?
— IT Guy (@ITGuy1959) November 30, 2023
It's $44 billion a year. You have given away over $100 billion to the most corrupt country in Europe Ukraine so far.
— Chris 🇺🇸 (@Chris_1791) November 30, 2023
$440 billion is NOTHING to Democrats' wasteful spending. You will spend $40 TRILLION over that same time.
$40 TRILLION vs $440 BILLION
The 2022 Federal Budget was $6 trillion... but imagine what could be done with an extra $44 million every year.
— Sean The Producer (@SeanTheProducr) November 30, 2023
For starters... we could make a single minor independent film. https://t.co/IlnLKNJkGs
Thinking things through isn't Biden's specialty, which is why he's done nothing except be a politician, where failed gambles only lose somebody else's money:
Your idea relies on the billionaires keeping their money here, which they won't. This plan will result in lower tax revenue, not more.
— Eric Spencer (@JustEric) November 30, 2023
Right. Ask France how this will work out. And besides, it's all lip service from Democrats like Biden.
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For the first two years of the Biden presidency, the Democrats controlled the White House, Senate and House of Representatives. They could have done anything they wanted with the tax code, but they've got a "wink wink, nudge nudge" relationship with many billionaires, and then they blame Republicans for not raising taxes.
Why doesn't Biden just deliver his lectures about billionaires right to their faces when he's staying at their homes while on vacation?
Biden could have told Tom Steyer to pay his "fair share" while staying at his Lake Tahoe home:
Billionaire climate activist Tom Steyer, who provided his Lake Tahoe mansion for a Biden family vacation this week, manages a green energy investment fund that's working to "take advantage" of federal climate change spending.https://t.co/wk28FqLDOv
— Washington Free Beacon (@FreeBeacon) August 26, 2023
Biden could have lectured billionaire David Rubenstein about giving the government more of his money while at his Nantucket place over Thanksgiving weekend:
President Joe Biden and First Lady Jill Biden landed late Tuesday in Nantucket, where they’ll reportedly spend the Thanksgiving holiday at private equity billionaire David Rubenstein’s compound. pic.twitter.com/aqZ2ZkuvA8
— Forbes (@Forbes) November 22, 2023
The list of billionaires Biden would like everybody to think are evil (well SOME of them are) but who he's happy to accept accommodations from goes on:
Some of the $75m in vacation palaces Joe Biden’s billionaire friends like to lend him (and Hunter):
— Miranda Devine (@mirandadevine) November 22, 2023
Nantucket
Owner: David Rubeinstein
House's worth: $34 million
Stays: multiple times since 2014, including every year of Biden’s presidency.
St. Croix
Owner: Bill and Connie…
I'm starting to think that Biden doesn't actually resent many billionaires:
Some of the $75m in vacation palaces Joe Biden’s billionaire friends like to lend him (and Hunter):
--Nantucket Owner: David Rubeinstein House's worth: $34 million Stays: multiple times since 2014, including every year of Biden’s presidency.
--St. Croix Owner: Bill and Connie Neville House worth: $3 million Stays: Last year the Bidens returned to St. Croix, their favorite spot to spend the New Year holiday.
--Lake Tahoe Owner: Tom Steyer House worth: $18 million Stays: August 2023
--Kiawah Island Owner: Maria Allwin House worth: $20 million Stays: multiple times, most recently in August 2022
Biden loves billionaires! The next time he's with them he should pass the hat and see if he could get the government that $440 billion right now! Well, minus the "ten percent for the Big Guy" of course.
