By The Biden Administration has discovered a new issue for its vast globalist ambitions. It might surprise many, but it shouldn’t. Taxation is ripe for a global takeover so the whole world can suffer from the highest tax rates, collected and administered by a world government agency like the United Nations.
None other than Treasury Secretary Janet Yellen, Biden’s siren Wall Street mistress of finance, announced the plan last week. Like her boss, Yellen wants to do away with differences in tax structures, rates, and regimes not only between states but among all countries. This is the biggest socialist grab since 1917. As economist Stephen Moore suggests, “For the last four decades, the left has sworn on a stack of Bibles that taxes don’t influence behavior and that high tax rates are no disincentive to growth. In fact, Biden’s gang of economists argue no negative impact from raising tax rates to their highest level since the 1970s.”
This is obviously untrue and absurd,
and even the Left doesn’t believe it anymore. Does any thinking person
really believe that the ongoing and real exodus from New York to Florida
isn’t driven by 13 percent income tax in one place and zero income tax
in the other? The same could be said for California and Texas. The
numbers prove the point and people, like firms, are voting with their
feet.......To Read More....
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