Raising Taxes and Going Socialist
The economic geniuses in the Biden Regime have released the 2025 proposed Federal government budget. It comes out under Joe’s name, but he had little if anything to do with this excessive fiscal disaster. Joe knows as much about budgeting as a pig knows about Sunday.
Next year’s proposed governmental spending is a record 7.3 trillion dollars. Biden’s planners want to spend 2.55 trillion more than what is currently spent. Prior to this projected spending plan, the second highest budget ever was under Trump in 2020, 4.75 trillion dollars. Vote buying taken to unseen levels as funding for every government handout program is increased. Unfortunately, our national defense gets zip-a-dee-doo-dah.
Anybody heard the media report this potential economic disaster in depth or at all? Not a chance, the media would rather report that Joe’s State of the Union Speech was one of the greatest and that Trump is going to jail. Never mind that the country could go to hell in a handbasket if this socialistic budget comes to fruition.
Let’s do the math. In 2023 tax revenue to the federal government was 4.4 trillion dollars, 3 trillion less than the 7.3 trillion Joe’s advisors want to spend. That means that somehow the government has to cover a 3 trillion-dollar shortfall. There is only one way to make up the difference, raise taxes. Joe said that nobody who’s making less than $400,000 is going to pay any more taxes. Baloney. In addition, the Regime is advocating that the corporate tax rate be raised to 28% from 21%. Corporations will simply pass the cost of their products and services to the consumers. It’s delusional to think they will absorb this hit to their profits.
Another tax the Regime is backing is the “wealth tax”. Simply stated it works like this, the government will come in, assess the property you’ve already acquired and paid taxes on, and then require you pay a percentage of its value to the government. Ever wonder why Joe and the gang proposed the addition of 87,000 IRS agents? Draw you own conclusions.
This is the road to socialism, what the progressive left wants. Joe Biden is the driver, faithfully following the directions that his acolytes and minders give him. Citizens are by in large clueless about this, and rest assured Joe’s pals in the media are not going to report it. Never will the Nation get an intense analysis from mainstream news sources of how Biden’s economic policies will move the country into a socialist state. He is the biggest spending President in history. In three years, he has added 6 trillion dollars to the federal deficit.
Biden constantly harps about how the wealthy should pay their “fair share” of taxes, yet his son Hunter is currently charged with not paying his "fair share" of taxes while accumulating millions of dollars from the family’s grifting foreign business operations. Hunter and his attorneys have recently stated that he is being persecuted. That is really rich.
Some people have already started honking on social media for Joe’s reelection. Bright folks, but evidently clueless about what this government largess will do to the fabric of freedom and a vibrant free market economy. One Biden honker posted, “May we choose wisely.” That last wise choice the voters made has really worked out well, border chaos, higher inflation and energy costs notwithstanding.
We can only hope that the honkers come to their senses and reject this march to socialism.
Say what you will, Donald Trump is no socialist.