The Biden Administration Thread

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Jul 5, 2020
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Discouraging some billionaires in investing in the market and moving investments to ranches, artwork, etc -- is one reason Romney pointed out why he thought taxing "unrealized gains" was a bad idea.

And you are 100% spot-on about money actually changing hands (that is a good way to describe it) --- that is the difference between unrealized and realized gains.

Taxing unrealized gains is taxing an estimate of how much something is worth even though the investor has not yet benefited from the investment. Money has not changed hands.
Taxing realized gains is taxing the exact amount of how much someone has benefited from an investment. In the stock market, someone has paid for a stock that someone sold. Money changed hands.
Keep in mind appreciation in those assets would also be targeted, if not now, eventually.
 
Mar 11, 2006
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Keep in mind appreciation in those assets would also be targeted, if not now, eventually.
True -- but they are much harder to estimate than stock prices. Hence the potential that money may be moved from stock market, which help the growth for many, and to other investment forms that don't necessarily do that.
 
Jul 10, 2009
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To see a simple illustration of how this impacts real life people, imagine what would happen if they applied this to your home. If they are taxing the asset (like some proposals), your $300,000 house gets hit with a $9000 income tax bill every year (at 3%). If they are "only" taxing unrealized gains and you paid $200,000, you would only have to pay $3,000, but you would have to keep track of what your "unrealized gains" are from year to year. Or more likely they would keep taxing that same unrealized gain every year.
 
Feb 11, 2007
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To see a simple illustration of how this impacts real life people, imagine what would happen if they applied this to your home. If they are taxing the asset (like some proposals), your $300,000 house gets hit with a $9000 income tax bill every year (at 3%). If they are "only" taxing unrealized gains and you paid $200,000, you would only have to pay $3,000, but you would have to keep track of what your "unrealized gains" are from year to year. Or more likely they would keep taxing that same unrealized gain every year.
Congress likes to pass extremely complex laws of hundreds of pages that can never be understood until it is
finally applied by another federal agency....in this case by the IRS
 
What prevents a person who owns a lot of real estate for example from just establishing a separate entity for every piece of ground? How long until we hear about an elite group of “appraisers” who just happen to appraise the value of land art etc for 90% of the billionaires in the country?
 

Jostate

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I find it hard to believe this could be true, but there are some crazy things that seem perfectly logical to others these days so I'll just share.


Biden Administration Could Pay Illegal Immigrant Families Separated at Border $450,000 Per Person in Settlements

https://www.yahoo.com/now/biden-administration-could-pay-illegal-201909101.html

The Biden administration is considering issuing payments to immigrant families that were separated at the southern border under the Trump administration around $450,000 a person in compensation, for a total payout that could cost the government more than $1 billion, according to a new report.

People familiar with the matter told the Wall Street Journal that the U.S. Departments of Justice, Homeland Security and Health and Human Services are weighing the payments as they work to resolve lawsuits claiming that the government subjected parents and children to lasting psychological trauma.

The report says most of the families included one parent and one child who crossed the border illegally from Mexico and that many families would likely get smaller payouts, dependent upon their circumstances.

While the American Civil Liberties Union says about 5,500 children were separated from their families at the border under the Trump administration, government officials expect that the number of families eligible under the potential settlement will be smaller.


I'm not sure, from the article, if families separated by the previous administrations qualify, or this is just a anti Trump thing.
 
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ramases2112

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D.C. Judge Blocks Biden From Firing Unvaccinated Employees, Active-Duty Military Members
A judge on Thursday issued a temporary restraining order blocking President Joe Biden from firing several unvaccinated federal employees, including active-duty military members, named in the suit challenging the president’s vaccinate mandate as unconstitutional.
The plaintiffs are seeking religious exemption from the Biden vaccine mandate for federal workers, first formally announced on September 9.
“None of the civilian employee plaintiffs will be subject to discipline while his or her request for a religious exception is pending,” Washington D.C. District Judge Colleen Kollar-Kotelly ordered, according to Fox News.
Judge Kollar-Kotelly’s ruling added that “active duty military plaintiffs, whose religious exception requests have been denied, will not be disciplined or separated during the pendency of their appeals.”
Politico and lawyer Jenna Ellis posted the ruling on Twitter on Thursday: “This is an amazing development from the DC District Court in the stand for OUR RIGHTS against the unconstitutional vaccine mandates,” she wrote.

“The court further ordered the defendants in the Biden administration to file a supplemental notice by noon on Friday that indicates whether they will agree that no plaintiff will be disciplined or terminated pending the court’s ruling,” Fox News noted.

Immediately following Biden’s announcement of the vaccine dictate, Mike Yoder, the plaintiffs’ lawyer, made an announcement of his own. “I will be immediately filing suit against [Joe Biden] regarding his [overboard] & unconstitutional vaccine mandate,” he posted to Twitter.
“Your executive order may not be about freedom, but this lawsuit sure as hell is,” Yoder added.

A day before Yoder received the temporary restraining order in his favor, he raged against the mandate online.
“Under Biden, exercising your religious freedoms will get your fired, for cause and you lose your benefits,” he wrote. “But if you perjure yourself like FBI’s Andy McCabe, you’ll get a pension, $200,000 in backpay, & $500,000 worth of attorneys fees.”
In an op-ed, The Hill noted this month that McCabe “settled” with the DOJ, “eliminat[ing] all consequences” for the finding that he lied under oath: “The agreement does not change the findings of DOJ Inspector General Michael Horowitz that McCabe lied under oath to investigators on three occasions; it simply eliminates all consequences for doing so.”

Biden said in September that mandatory vaccination and testing and mask requirements are not just federal employees, but many private businesses, too.
“Companies with at least 100 employees must require their employees get vaccinated or submit to weekly COVID-19 tests under a new Biden administration plan to combat the coronavirus and encourage vaccination,” The Daily Wire reported at the time. “President Joe Biden is scheduled to outline a revamped federal strategy to address COVID-19 that includes far more invasive regulations and restrictions than the federal government has put in place to date. Part of Biden’s six-point plan involves cracking down on 100+ employee companies to push their employees to get vaccinated against COVID-19.”
According to The Wall Street Journal, the U.S. Labor Department plans to issue an emergency temporary standard in a matter of weeks “implementing the new requirement, which will cover 80 million private-sector workers. … Businesses that don’t comply can face fines of up to $14,000 per violation, [officials] said.”
 
Feb 11, 2007
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I find it hard to believe this could be true, but there are some crazy things that seem perfectly logical to others these days so I'll just share.


Biden Administration Could Pay Illegal Immigrant Families Separated at Border $450,000 Per Person in Settlements

https://www.yahoo.com/now/biden-administration-could-pay-illegal-201909101.html

The Biden administration is considering issuing payments to immigrant families that were separated at the southern border under the Trump administration around $450,000 a person in compensation, for a total payout that could cost the government more than $1 billion, according to a new report.

People familiar with the matter told the Wall Street Journal that the U.S. Departments of Justice, Homeland Security and Health and Human Services are weighing the payments as they work to resolve lawsuits claiming that the government subjected parents and children to lasting psychological trauma.

The report says most of the families included one parent and one child who crossed the border illegally from Mexico and that many families would likely get smaller payouts, dependent upon their circumstances.

While the American Civil Liberties Union says about 5,500 children were separated from their families at the border under the Trump administration, government officials expect that the number of families eligible under the potential settlement will be smaller.



I'm not sure, from the article, if families separated by the previous administrations qualify.
Yes...unbelieveable but true....!!!
 

Pokit N

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Tbh the shifting in recent polls for the Virginia Governors race is so drastic, Biden may not get enough scared moderate votes to pass literally anything this year. Nothing will be passed next year. Moderates are looking closely at the Governor race here and likely basing their future voting on it. The Dem there is essentially running solely on Biden and his policies. If he gets *** blasted while running on those policies, in a state Biden won by 10, moderates are gonna be running for the hills. This will be a one term president.
Youngkin Takes Lead Over McAuliffe With Just Days Left In Virginia’s Governor Race
Wasn't sure where to post this....

But Several People dressed up like Protesters from the "UNITE THE RIGHT" rally in Charlottesville several years ago (Tiki Torches and all) They posed in front of Youngkins bus and several McAuliffe campaign folks tweeted about it saying in a sense..."Look at these racist Youngkin supporters OMG!!" Well it was revealed VERY quickly that the folks w/ the Tiki Torches were all Democrat Activist and this was some sort of lame false flag type political stunt.

https://www.whsv.com/2021/10/29/gro...in-campaign-bus-during-charlottesville-event/
 
Sep 6, 2012
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Wasn't sure where to post this....

But Several People dressed up like Protesters from the "UNITE THE RIGHT" rally in Charlottesville several years ago (Tiki Torches and all) They posed in front of Youngkins bus and several McAuliffe campaign folks tweeted about it saying in a sense..."Look at these racist Youngkin supporters OMG!!" Well it was revealed VERY quickly that the folks w/ the Tiki Torches were all Democrat Activist and this was some sort of lame false flag type political stunt.

https://www.whsv.com/2021/10/29/gro...in-campaign-bus-during-charlottesville-event/
href="https://t.co/YVhNbm74bP">pic.twitter.com/YVhNbm74bP</a></p>&mdash; Tim Young (@TimRunsHisMouth) <a href="https://twitter.com/TimRunsHisMouth/status/1454158805785268227?ref_src=twsrc%5Etfw
">October 29, 2021</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 

ramases2112

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Wasn't sure where to post this....

But Several People dressed up like Protesters from the "UNITE THE RIGHT" rally in Charlottesville several years ago (Tiki Torches and all) They posed in front of Youngkins bus and several McAuliffe campaign folks tweeted about it saying in a sense..."Look at these racist Youngkin supporters OMG!!" Well it was revealed VERY quickly that the folks w/ the Tiki Torches were all Democrat Activist and this was some sort of lame false flag type political stunt.

https://www.whsv.com/2021/10/29/gro...in-campaign-bus-during-charlottesville-event/
Was the Democrat offshoot group, The Lincoln Project, that have taken credit for it. It has nothing to do with Republicans nor Youngkin. Sad democrats, when this desperate, would stoop this low but you have to blame republicans for not doing the same.
 

Pokit N

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Was the Democrat offshoot group, The Lincoln Project, that have taken credit for it. It has nothing to do with Republicans nor Youngkin. Sad democrats, when this desperate, would stoop this low but you have to blame republicans for not doing the same.
If republicans did this every single one involved would be kicked off Twitter and other social media for spreading disinformation. There would be breathless nationwide media coverage for weeks about republicans attempting to start a race riot Etc. This story is already basically forgotten about.

Regarding the Lincoln Project….my own personal belief is that they are taking the fall for this when it was uncovered so quickly. They truly wanted the American public to believe that republicans would show up to a Youngkin event dressed like this. Several prominent dems and MSNBC were all pushing that exact narrative immediately.
 

Jostate

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I'm a little surprised this seems to by flying under the radar:

https://www.cnn.com/2021/10/17/americas/haiti-american-missionary-kidnap-intl-hnk/index.html

17 American and Canadian missionaries kidnapped by gang members in Haiti

(CNN)Seventeen missionaries from the United States and Canada, some of them minors, were kidnapped in Haiti on Saturday, according to the organization Christian Aid Ministries.
"The group of sixteen US citizens and one Canadian citizen includes five men, seven women, and five children," read a statement released by the Ohio-based organization Sunday.