Monday, October 25, 2021

Democrats Say Tax On Wealthy Not A Wealth Tax


Democrats are excellent liars and masters of the euphemism. Examples are legion: abortion is “women’s health care,” tax cuts are “risky spending schemes,” and risky spending schemes such as their proposed $3.5 trillion infrastructure bill will actually cost zerodollars and miraculously pay for itself.

Currently, the Democrats “Billionaire Income Tax” proposal is being written by Senate Finance Committee Chairman Ron Wyden (D-Ore.) with “input from the U.S. Treasury Department and the White House,” according to reports. Yet the Biden administration claims it is not a wealth tax.

Treasury Secretary Janet Yellen recently told Jake Tapper, “I think what’s under consideration is a proposal that Senator Wyden and the Senate Finance Committee have been looking at that would impose a tax on unrealized capital gains, on liquid assets held by extremely wealthy individuals, billionaires. I wouldn’t call that a wealth tax.”

Yellen wouldn’t call “a tax on assets held by extremely wealthy individuals” a wealth tax?! What would she call it?

Democrats insist that we call a man wearing a dress and a string of pearls a woman…and then turn around and say with their next breath that a tax on the wealthy is not a wealth tax.

Somewhere, Orwell blushes.

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