To be in the top 10% of net worth in the US, a household needs about $1.5 million. Those people are your nurses, many business owners, electricians, plumbers, and other blue collar workers. Also includes doctors, lawyers, and many other professionals. If you buy a house at 30, have it paid off before retirement, and contribute money to your 401k, you will likely be in the top 10%.
This is the left setting the stage for the confiscation of everyone’s retirement funds. They are making you think that they are going after “the rich” when in reality they are targeting ordinary people and their retirement funds.
They are selling it as a tax on billionaires, but a 1% “wealth tax” on net worth means a tax on unrealized capital gains- they will take your house or your retirement fund.
11 Comments
Titan Mk6B · December 5, 2025 at 1:17 pm
And just how long before that 1% becomes 5% or 10%? I also care nothing about a progressive wish list. That is a road to hell.
Rick T · December 5, 2025 at 2:23 pm
Envy used to be a Mortal Sin. Now it is the driving emotion of the Left.
GreenCross4Safety · December 5, 2025 at 3:06 pm
The evil party is all about the seven deadly sins.
Kansas Kid · December 5, 2025 at 4:18 pm
Until the Government (or the people) get a real handle on the out of control spending by government, no amount of extra money will solve the problem,
TRX · December 5, 2025 at 5:06 pm
I don’t remember the details any more, but when one of the airlines was asking for a bailout, Obama wanted them to hand their pension program’s funds to the Feds. The Democrats thought it was great, most of the Republicans were lukewarm about it, with only the Usual Suspects raising any strong objections.
The Dems like to do that sort of thing, floating outrageous proposals until they become familiar, and (hopefully) inevitable.
SiG · December 5, 2025 at 5:57 pm
It’s worse than what Reich and Doney tweeted. The paper worth of most of the top couple of percent is just that – it’s values on paper, not actual income or value of properties. What this represents is a tax on unrealized income. It’s like you buy a pine tree and get taxed on the number of 2x4s that can be gotten out of it. If you don’t want to cut down your tree, too bad. Its value on paper is what it’s taxed on. That itself could collapse the economy because stocks wouldn’t be a good thing to own. What happens if you have to sell your home or other things to get the money to pay taxes?
(and now my brain turned their names, Reich and Doney, into Ricearoni and it’s playing those old commercial jingles… “Reich and Doney, the San Francisco treat…”)
Jester · December 5, 2025 at 7:08 pm
I’ve said it before here and I will say it again, the left 100 percent wants your retirement funds. And they will crash the stock market to wipe them out to get there. “Big Business got bailed out, where is my bail out?” will be some of what we hear. Or any other number of excuses just to get the hands on that money and equity that’s being stored away by greedy people! We need it to fund the things you want voter, and they wont give it to us!
Robert · December 5, 2025 at 7:32 pm
It’s worse than that. Billionaires don’t keep their billions stuffed in a mattress. Elon Musk’s billions are tied up in Telsa, SpaceX, etc… and would have to sell 1% each and every year to pay the taxes. Same thing with Jeff Bezos (only Amazon since the Washington Post isn’t worth anything).
First time each of these 2900 billionaires have to sell billions of dollars of stock to pay their taxes, the stock market tanks. Musk alone would have to come up with over $4,000,000,000 (that 4 trillion) each year.
Good luck with that.
@HomeInSC · December 5, 2025 at 11:49 pm
If you are free you can say NO
Divemedic · December 6, 2025 at 8:46 am
Saying no to ANY government when it comes to taxes will get you imprisoned or killed.
Joe Blow · December 6, 2025 at 8:58 am
I’ve said it before, I’ll say it again, and probably repeat myself in the future.
We’re all going to wake up one day (a Saturday most likely), to a Presidential address notifying us that our 401k’s have been protected (confiscated) by Social Security (because it’s unfunded)! The Government is going to invest your money for you, in SAFE securities, like TREASURY BONDS (that nobody else is buying anymore, so we had to find a sucker of last resort). They will have a GUARANTEED rate of return (that is only a fraction of actual inflation), for your SAFETY! Big brother, I mean Uncle Sam is looking out for you in this crazy market (crash that just happened due to over-leveraged too-big-to-fail wall-street banks sucking the corpse of FUSA dry and tanking everyone’s 401k’s in half overnight). You see we’re here to help, we’re protecting you from yourself! Its your PATRIOTIC DUTY (insert jingoistic images and songs here) to save SS and help the generations of Americans that came before you (because all the illegal immigrant invaders are definitely NOT the reason SS trust fund went bankrupt so fast).
The NPC’s and media whores will go into overdrive, and anything counter will be ruthlessly suppressed. The net is already complete, we saw it during KungFlu. Now the chess pieces will begin moving on the board and the real strategy revealed.
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