Posted on Aug 20, 2023
'Why Can't You Just Answer Me?': John Kennedy Grills Dem Witness
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Subject: paying actual tax on unrealized gain. What do people with wealth do?”
Senator Kennedy (LA) :
“Should an American pay tax on unrealized gain (on property that is expected to increase in value but not yet sold, or not planning to be sold in the near future, ie could be set aside for inheritance)?
“Why are you wanting to punish those who make wealth?
“Why do you think so many wealthy people are leaving NYC (And other hi-tax states)?”
Senator Kennedy (LA) :
“Should an American pay tax on unrealized gain (on property that is expected to increase in value but not yet sold, or not planning to be sold in the near future, ie could be set aside for inheritance)?
“Why are you wanting to punish those who make wealth?
“Why do you think so many wealthy people are leaving NYC (And other hi-tax states)?”
Wealth
Taxes
Politics
Congress
Edited >1 y ago
Posted >1 y ago
Responses: 3
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Thank you my conservative friend and sister-in-Christ Sgt (Join to see) for posting the video perspective from Forbes as Senator John Kennedy interviews/grills as the Senate Budget committee holds a hearing on tax dodging by the wealthy and big corporations.
Unrealized capital gains
Dr. Danny Yagan answers the Senator that individuals worth at least $100 million are the wealthy than need to pay taxes on unrealized gains. He and Dr Kimberly Clausing believe the communist propaganda that those who have the ability to pay more should pay more.
I certainly hope that November 2024 election will result in a fiscal conservative senate and a sizable increase in the conservative-leaning House of Representative
FYI my friends and brothers-and-sisters in Christ Lt Col Charlie Brown Maj John Bell LTC Trent KlugSSG Jeffrey Leake SSG William Jones SFC William FarrellLTC (Join to see)LTC John Shaw 1SG Joseph DarteyMaj Bill Smith, Ph.D.Maj Robert Thornton SSG Woody BurkeSSG Woody BurkeSPC Lyle Montgomery SPC Gary C.SSgt David M.SSG Robert PrattSPC Jon O. SSgt Kelly D. SSG Byron Howard Sr
Unrealized capital gains
Dr. Danny Yagan answers the Senator that individuals worth at least $100 million are the wealthy than need to pay taxes on unrealized gains. He and Dr Kimberly Clausing believe the communist propaganda that those who have the ability to pay more should pay more.
I certainly hope that November 2024 election will result in a fiscal conservative senate and a sizable increase in the conservative-leaning House of Representative
FYI my friends and brothers-and-sisters in Christ Lt Col Charlie Brown Maj John Bell LTC Trent KlugSSG Jeffrey Leake SSG William Jones SFC William FarrellLTC (Join to see)LTC John Shaw 1SG Joseph DarteyMaj Bill Smith, Ph.D.Maj Robert Thornton SSG Woody BurkeSSG Woody BurkeSPC Lyle Montgomery SPC Gary C.SSgt David M.SSG Robert PrattSPC Jon O. SSgt Kelly D. SSG Byron Howard Sr
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Sgt (Join to see)
At @4:44, the speaker tells Sen Kennedy that taxing unrealized gain of the wealthy has not been tested in the US yet and ithat when Europe tried it, it went badly because the wealthy exited the country, taking a large chuck of the tax base with them. Also it’s difficult trying to value assets without real market transactions. (5:29).
Overall, LTC Stephen F. I believe the “wealth tax” is unjust and will bring trouble to the country that practices it.
Overall, LTC Stephen F. I believe the “wealth tax” is unjust and will bring trouble to the country that practices it.
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SGT John Schmelzkopf
Freedom to Chains - Paul Harvey
In 1965, American radio host Paul Harvey gave an immense warning to the American people about the fate of the nation. “We Were Warned: Freedom to Chains” is ...
I have said for years now we are in the final days of the Roman Empire, 2024 might be our last chance to save or at least postpone the inevitable
https://www.youtube.com/watch?v=VPlQ-ANUCuc
https://www.youtube.com/watch?v=VPlQ-ANUCuc
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The rich get richer and the poor get babies.The class system between the elite and the rest of us is widening more all the time
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