Remember when the left wanted to tax the rich? In liberal states, they are redefining rich downward– anyone making $125,000 a year will be taxed a state rate of 9.9% in Oregon. New York is going after those who make more than $125,000. Washington is adding wealth taxes to an ever lower amount of income.
Now they are even talking about stealing 5% of someone’s total net worth- on top of all of the other taxes.
Here is what Peter Schiff had to say about that, and it’s one of my favorite quotes:
If you tax 70% of what I make above a certain amount, what I am going to do once I hit that amount is simply take the rest of the year off, and furlough all of my employees. See you in February.
8 Comments
Honk Honk · February 25, 2026 at 6:41 am
Comrade Susan Rice went on teevee and threatened retribution when the CPUSA (D) branch of the worthless UNI vulture gets back in power.
The cupid stunt Spanberger (Criminals In Action) of Virginia is on teevee standing up for illegals.
You don’t vote your way out of the homegrown traitor useless idiots’ New Man Workers Utopia.
Milton · February 25, 2026 at 7:26 am
Better living through higher frugality.
Joe Blow · February 25, 2026 at 12:11 pm
They (the protesters) didn’t get to where they are because they were smart.
That is one of the problems w/ debating or arguing anything with the left. They hold completely different facts as ‘true’ than people like you and me.
Treefarmer · February 25, 2026 at 2:03 pm
Ahhh, the good old days. There was actually th ability to have a somewhat decent debate/conversation back then. If Schiff did that at a lefty rally today, he would get his ass kicked out before asking his first question.
lynn · February 25, 2026 at 3:41 pm
“The danger of unrealized tax gain”
https://bayourenaissanceman.blogspot.com/2026/02/the-danger-of-unrealized-tax-gain.html
“What this is, of course, is an all-out drive to reduce or even eliminate private property, by forcing us to rent what we use, or rely on government to provide it, because it’s no longer affordable to buy it. It’s a growing movement, particularly in Europe, but also in progressive-left states in the USA like California. Essentially, it embodies the World Economic Forum’s oft-repeated mantra that “You’ll own nothing and be happy”. Personally, I can’t think of many things that would make me more unhappy than that!”
Michael · February 26, 2026 at 6:10 am
Vladimir Lenin: ‘The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.’
Goes pretty well with the World Economic Forum’s “You’ll own nothing and be happy” eh?
But like the python who squeezes and holds until the next squeeze to slowly smother the “meal” they continue to lead the way into rainbow flag sprinkled Democratic Socialism.
Communism do it and maybe we will not shoot you.
Socialism do it or we’ll order the Courts and Soldiers to punish you
Democratic-Socialism do it and support our mental issues and we shall field strip you and yours of economic wealth FOR THE CHILDREN (etc…spit) and still Reeducate you in our reeducation camps.
ghostsniper · February 26, 2026 at 5:41 pm
Far better to earn less and keep all of it, than to earn more and let some of it be stolen.
Then, once you’ve accustomed to the metric, earn more and more and keep all of it.
I’ve been an outlaw for more than 1/3 of my life.
Jester · February 26, 2026 at 8:12 pm
See the wealth trap goes upwards when it comes to people wanting or demanding more things, especally the lower in the economic rungs. And the lower economic rungs who pay progressively less and less till a net zeroish and then they get subsidized of course dont care who above them pays more taxes. And those entitlements or subsidies get more and more expensive. So the lower rungs start to pick up more and more of the tax weight. You could look to Europe or Canada to see what’s happening. 1 of 2 things happen to those at the top of the tax bracket. They find accoutants to make more and more of their money dissapear to lower taxed nations/investments or they can afford to just move to someplace more favorable to them, then the middle classes cant and are effectively stuck. The rich and poor both hate the middle classes and don’t care how much they are taxed.
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