Friday, March 26, 2021

JOE BIDEN'S KLEPTOCRACY - A PROTECTED CLASS OF LOOTERS - Vanita Gupta's creative accounting puts her at odds with the Biden administration - IS IT?

Is Joe Biden using illegal aliens to destroy America as founded?

Joe Biden has pledged $86M to put up migrants in hotels.  The captive National Guard was deployed to D.C. on the phony pretense that members of Congress were in danger of attacks by right-wing extremists, even though there was never a credible threat.  Those soldiers in service of their country were made to sleep on the ground of a parking garage and fed contaminated food.  Meanwhile, there are 552K homeless Americans.  Los Angeles has 66K+ homeless people living on the streets without any of the assistance the people flowing over our southern border are receiving at taxpayer expense.  If this does not strike all Americans as obscene, well, they are not thinking rationally.

The Biden administration and the far-left radicals within it have turned this country upside-down; Americans bad, migrants are all good.  We native-born or naturalized citizens must be punished for our privileges; illegal migrants are victims of America’s success.  Kamala Harris has long wanted to decriminalize illegal entry into the country.  She has compared ICE and the Border Police to the KKK!  That is how the left thinks, how the Biden administration operates.  And they think we are all going to sit still for this grisly policy. 

The Biden “team” apparently think we don’t know that it is the Mexican cartels who control the border and have leapt at Biden’s invitation to surge across it in order to re-establish their oh, so profitable enterprise of trafficking in people, especially women and children.  Trump had severely interdicted their use and abuse of the victims they traffic.  Biden ended Trump’s Operation Talon his first week in office.  Now the cartels control who comes, who crosses into the U.S., and where they go, and they are getting fabulously wealthy doing it.  The minor children arrive with phones or phone numbers in their pockets.  Most of those contact numbers are not family members in the U.S.; they are cartel contacts.  The journey north for these women, girls, and young boys is treacherous.  The smugglers brag about “rape trees.”  Women and girls are routinely gang-raped, their undergarments tossed into trees then so named.  This is what Biden’s call for all comers to “surge the border” has set in motion.  And, as he reiterated at the not-press conference on Thursday, he thinks he is the nice guy, the moral guy.  But he has created a massive humanitarian crisis that is characterized first and foremost by vicious cruelty.  This is what the left, the Biden administration has set in motion.

In the meantime, while ignoring the major crisis on the southern border, our DHS, FBI, DOJ, and military have been tasked with purging all federal agencies, especially the military and law enforcement, of any and all conservatives and censoring all conservative voices.  The Los Angeles Police Department will no longer hire Christians or conservatives; they are deemed “domestic terrorists.”  While Biden gives carte blanche to China, Iran, and Russia to do whatever they will to weaken America, this administration is concerned only with a Stalinist/Maoist form of criminalizing dissent within our borders.  The new president is intent upon moving the U.S. toward an oligarchical totalitarianism.

Joe Biden owes his and his family’s wealth to China and Ukraine.  That acquired wealth was due to the Biden family’s wholesale corruption that rivals the Clintons’ financial profiteering in scope.  Biden is bought and paid for and will always defer to China.  He will never cross the Chinese in our interests.  He just won’t.  He cannot.  He owes them; they own him.  And do not forget what China has on Hunter Biden, the pedophile drug addict who got rich via Ukraine and China as those two nations bought the leverage they now can use to their benefit.  You can be sure they will use that leverage. 

Biden’s disastrous plan to orchestrate a humanitarian crisis and invite migrants to surge the southern border will only further prevent the re-employment of all those who lost their jobs due to the unnecessary COVID lockdown.  The Trump administration had achieved nearly max employment, especially among minorities, which is why more of them voted to re-elect him in greater numbers than for any other Republican in U.S. history.  Now we have Biden, who, by opening the border to anyone and everyone, will insure that those minority workers that had jobs before COVID will have to compete for work with the tens of thousands of illegal migrants now flowing into the country.  They are largely untested for COVID, sent on to the cartel smugglers who got them over the border, drugs and all.  Predictably, along with the tens of thousands of migrants, fentanyl and meth are again flowing into the U.S.  Biden surely knows this but does not care.  The “unaccompanied minors” are often mules for the cartels, then trafficked for sex and gang business.

Thus far, Biden as president is dangerously close to being a Castro, Venezuela’s Chávez, and then Maduro.  The Democrat party as currently constituted is an enemy of America.  If that is not clear to the American people, they are simply as uninformed as the media intends them to be.  If they have submitted to the fear-mongering about COVID, they are already submissives to a false narrative.  COVID, and all its attendant restrictions on our daily lives, is, like the open border scam, part of our self-appointed ruling elites’ plan to implement their "Great Reset."  We had all better stand up and fight back, or this is the end.  We will all be rendered citizens of the world, no longer individual humans, but mere chattel to our overseers. 

DOJ Nominee Has Up to $55 Million in Trust Used to Dodge Estate Tax

Vanita Gupta's creative accounting puts her at odds with the Biden administration

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Biden nominee Vanita Gupta / Getty Images

President Joe Biden’s nominee for the number-three position at the Department of Justice has up to $55 million stashed in an account commonly used by wealthy people to avoid paying taxes when passing money on to future generations.

Vanita Gupta, Biden's choice for associate attorney general, listed between $11,000,003 and $55,000,000 in multiple grantor retained annuity trusts (GRAT), an estate-planning tool that is commonly used by the rich to dodge the estate tax. Gupta’s total net worth is between $42 and $187 million, which would make her one of the wealthiest members of the Biden administration if confirmed.

Family wealth has become a political liability for Gupta, a self-styled "idealist" and chemical heiress whose family structured its wealth to dodge tax liability. Gupta's use of these accounts could put her at odds with Biden's promise to make the wealthy "pay their fair share of taxes," in part by raising the estate tax.

Gupta lists three GRATs on her financial disclosure form, which together are valued at up to $55 million. The assets held in the trusts are not disclosed to the public, because all three are classified on the disclosure as "excepted trusts." According to the U.S. Office of Government Ethics, trusts can be "excepted" if they were not created by the holder or their immediate family and when those same parties have "no specific knowledge of the trust’s holdings."

Gupta's confirmation path has already hit several speed bumps due to her father’s myriad business connections in industries around the world. The Washington Free Beacon previously reported that Gupta, who supports raising the minimum wage, holds up to $1 million in the Mexican subsidiary of a company run by her father where workers make as little as $1.30 an hour.

According to the Journal of Accountancy, GRATs are used to facilitate intergenerational wealth transfers from parents to children. "At the end of the term, the assets are distributed to noncharitable beneficiaries—typically, the grantor's children," the journal notes. Because Gupta is using the "excepted trust" status, she did not have to disclose the beneficiary of the GRATs. They could be set up for Gupta’s father to transfer millions of dollars tax-free to her, or for her to transfer millions of tax-free dollars to her two children.

Evidence points to the latter. Elsewhere in her financial disclosures, Gupta lists two family trusts of which she is the beneficiary. Additionally, Biden’s government reform platform states that he will "require that any member of his Administration who is a beneficiary of a discretionary trust disclose all of its holdings." If Gupta herself is the GRAT beneficiary, she would be in direct violation of a key Biden campaign promise.

Gupta’s three GRATs are the only elements of her financial disclosure in which the underlying investments are not disclosed. By listing the GRATs as "excepted trusts," Gupta is claiming to be unaware of the underlying investments and therefore cannot disclose their contents.

While Gupta is likely to receive enough votes to be confirmed, Republicans have made her a key figure in their confirmation battles. The Judicial Crisis Network has run ads urging Sen. Joe Manchin (D., W.Va.) to reconsider his support for Gupta, citing her stake worth tens of millions of dollars in Avantor, a company tied to Mexican heroin production.

During Thursday's Senate Judiciary Committee hearing on Gupta's nomination, Democratic senator Dick Durbin (Ill.) cut Sen. Tom Cotton’s (R., Ark.) questioning short and moved for an immediate vote. Cotton responded, saying, "I object to the chairman cutting off my remarks. I guess he found them too persuasive." Warning his Democratic colleagues, Cotton said, "I assure the chairman that what comes around goes around."

Gupta was then advanced out of committee on a partisan, 11-11 vote.

In a floor speech this week, Sen.  John Cornyn (R., Texas) announced he will oppose Gupta’s confirmation in part because of her conflicts of interest. "The Department requires professional detachment from even the appearance of impropriety and this conflict of interest of Ms. Gupta‘s goes far beyond simple appearance," Cornyn said.

The Biden administration declined to comment on Gupta's use of GRATs and whether it puts her at odds with the administration's position on taxes.

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