I’d be inclined to disagree with Don except for one thing: Biden has proven to be a very adept criminal mastermind. For decades, he has funneled millions of dollars to his children and siblings and, especially, to his debauched, deviant son, Hunter. ANDREA WIDBURG
There it is. That's the issue. To begin, you have the corrupt family Biden. They've been scamming us and our system well for almost fifty years. The man is supposedly worth over 250 million dollars. How is this possible on his salary? It's not. So where did his wealth come from? Not from being a brilliant businessman. DAVID PRENTICE
"And it's curious that Joe Biden, you know, is the one that everybody jumped out of the race -- you know, Pete Buttigieg, Amy Klobuchar all, like, tearfully backed out of the presidential race, all to back Joe Biden because they have this false narrative that Joe Biden was a regular guy that rode Amtrak, living in $10 million homes, having the lifestyle -- not just Joe, but his family.
SUSAN JONES
Despite his Wall Street, big business, Big Tech, and billionaire donations, Biden has attempted to portray himself as a small-town fighter from Scranton, Pennsylvania. JOHN BINDER
Spent 47 years in office without accomplishing anything noteworthy -- who was ever and always a willing tool for the leadership of the Democrat Party. DON FEDER
The Biden family is notorious for being the crookedest clan not only in Delaware, but in D.C. And yet the Biden family stood out even there. To be born a Biden in the era after Joe switched his party affiliation, plagiarized his speeches, and inappropriately touched every woman or girl he could get his hands on in the state and the nation, was to be bred into dirty money.
DANIEL GREENFIELD
A look at news rolling out about Biden's extended family in the wake of recent scandals suggests a different story. Far from being Lunchbucket Joe, House Biden is more like Venezuela's Maduro family, or Chavez family, or Cuba's Castro oligarchs. Cut to the chase and throw in Beijing's princelings or Russia's oligarchs, who frequently make cameo appearances. Not surprisingly, most claim to have a soft spot for "the common man." MONICA SHOWALTER
Carney: Why the Ultra-Wealthy Aren’t Worried About Biden’s Billionaire Tax Proposal
The billionaires do not seem very worried about President Joe Biden’s revival of the idea of imposing a tax on the wealthiest Americans.
Previewing the economic portions of Biden’s speech, the White House said the president will renew his call for a minimum tax on wealthy Americans.
“In a typical year, billionaires pay an average tax rate of just 8 percent. In the State of the Union, he’ll call on Congress to pass his billionaire minimum tax. This minimum tax would make sure that the wealthiest Americans no longer pay a tax rate lower than teachers and firefighters,” the White House said.
Biden’s billionaire’s tax includes unrealized capital gains with the income it subjects to a minimum rate of 20 percent. It would be levied on any household worth more than $100 million.
Biden was not able to get such a tax enacted while the Democrats controlled both chambers of Congress. The Democratic Party loves to talk up plans to tax the rich but consistently fails to deliver. The carried interest provision that benefits private equity fund managers and venture capitalists persisted through Obama’s administration and Biden’s first two years. The billionaire tax went nowhere. Proposals for wealth taxes just die safely tucked away in small, musty drawers in the offices of Bernie Sanders and Elizabeth Warren.
The odds of tax on the wealthy passing in a divided Congress are approximately zero because Republicans tend to get the vapors when asked to support a tax hike.
I doubt many on the American right will expend too much energy fighting against the tax. That’s not for a lack of arguments against the tax. It’s probably not constitutional because unrealized gains are not income, which is what the 16th Amendment to the constitution permits to be taxed. It will not raise much money because the wealthy are that way in part because they are terrific at avoiding taxes. It would require a vast new tax bureaucracy to oversee and enforce.
But the right will not expend much energy making these points—and it should not—because the billionaires are not on our side. With very few exceptions, they support Democrat politicians and are super jazzed to get behind the latest fad on the left. They have yard little signs inside their billionaire’s brains that read: “In this house we believe climate change is real, black lives matter, your pronouns are what you say they are, science says wear a mask, all genders are equal, critical race theory isn’t taught in schools, and speech is violence.” Woke nonsense that never hurts their bottom lines.
The few who call themselves Republicans—with the exception of Wilbur Ross, Donald Trump, and a handful of others who I will not name to protect them from the wrath of their fellow plutocrats—tend to be internationalist financiers with ties to China.
If the billionaire tax were a form of class warfare, it wouldn’t be our war. But it is not genuine class warfare. It’s a phony war that is not being waged at all. It is being staged to fool Americans into thinking that the Biden administration is somehow standing up to “the wealthy”—when in reality, they’re standing side-by-side.
The best option for the right is simply to watch the act for laughs.
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