| Line 115: |
Line 115: |
| | Warren wants free taxpayer-funded surgeries for the gender-confused, despite the fact many such people have come out of the closet to express regret over their choice of permanent life-altering surgical mutilation to fit what they once thought was the gender they preferred.<ref> https://www.breitbart.com/europe/2019/10/05/hundreds-transgenders-want-return-biological-sex-shunned-traitors/</ref> | | Warren wants free taxpayer-funded surgeries for the gender-confused, despite the fact many such people have come out of the closet to express regret over their choice of permanent life-altering surgical mutilation to fit what they once thought was the gender they preferred.<ref> https://www.breitbart.com/europe/2019/10/05/hundreds-transgenders-want-return-biological-sex-shunned-traitors/</ref> |
| | | | |
| − | After much prodding and being attacked by Joe Biden for "vagueness," Warren finally released a cost estimate for her collectivized healthcare proposal; the cost estimate came in at $52 Trillion<ref>[https://thefederalist.com/2019/11/01/warren-releases-52-trillion-medicare-for-all-plan-funded-by-unicorn-farts/ Warren Releases $52 Trillion ‘Medicare For All’ Plan Funded By Unicorn Farts], Chrissy Clark, ''The Federalist'', November 2, 2019.</ref> - two and one half times [[GDP]] - with no specifics as to whom will bare the cost. Her estimate is based on a cluster of assumptions and veiled tax hikes on the working class. The idea that payroll tax hikes, repealing the Trump tax cuts, unregulated immigration, and slamming businesses with new taxes wouldn’t hugely damage the middle class was received as pure fantasy.<ref>https://www.redstate.com/bonchie/2019/11/01/ben-sasse-responds-elizabeth-warrens-medicare-plan-gold/</ref> No less than leftist loon Grand Puba [[Nancy Pelosi]] trashed Warren's insane Medicare for All proposal.<ref>https://www.redstate.com/bonchie/2019/11/02/nancy-pelosi-cuts-elizabeth-warren-off-knees/</ref> John Hinderaker writing in ''Powerline'' blog analyzed the proposal: | + | ===Unrealized capital gains tax=== |
| | + | After much prodding and being attacked by Joe Biden for "vagueness," Warren finally released a cost estimate for her collectivized healthcare proposal; the cost estimate came in at $52 Trillion<ref>[https://thefederalist.com/2019/11/01/warren-releases-52-trillion-medicare-for-all-plan-funded-by-unicorn-farts/ Warren Releases $52 Trillion ‘Medicare For All’ Plan Funded By Unicorn Farts], Chrissy Clark, ''The Federalist'', November 2, 2019.</ref> - two and one half times [[GDP]] - with no specifics as to whom will bare the cost. Her estimate is based on a cluster of assumptions and veiled tax hikes on the working class. |
| | + | |
| | + | The idea that payroll tax hikes, repealing the Trump tax cuts, unregulated immigration, and slamming businesses with new taxes wouldn’t hugely damage the middle class was received as pure fantasy.<ref>https://www.redstate.com/bonchie/2019/11/01/ben-sasse-responds-elizabeth-warrens-medicare-plan-gold/</ref> Additionally, Warren promises free healthcare for illegal immigrants. No less than leftist loon Grand Puba [[Nancy Pelosi]] trashed Warren's insane Medicare for All proposal.<ref>https://www.redstate.com/bonchie/2019/11/02/nancy-pelosi-cuts-elizabeth-warren-off-knees/</ref> Even Hillary Clinton trashed her insane healthcare ideas.<ref>https://freebeacon.com/politics/hillary-clinton-warrens-medicare-for-all-plan-wouldnt-pass-the-senate/</ref> |
| | + | |
| | + | Warren's wealth tax is basically an unrealized capital gains tax.<ref>https://finance.townhall.com/columnists/danieljmitchell/2019/11/08/warren-wants-to-tax-unrealized-capital-gains-n2556165</ref> John Hinderaker writing in ''Powerline'' blog analyzed the proposal: |
| | {{Quotebox|Part of the plan is a “wealth tax,” which means taxing unrealized [[capital gain]]s at [[ordinary income]] rates. Combined with other elements of her plan, this implies that unrealized capital gains will be taxed at more than 50%. Taxing unrealized gains as ordinary income (from the new M4A plan, applies to top 1% of households), plus the 14.6% payroll tax she wants to levy on investment income, plus the financial transactions tax when you have to sell something to get the cash to pay the taxes.... | | {{Quotebox|Part of the plan is a “wealth tax,” which means taxing unrealized [[capital gain]]s at [[ordinary income]] rates. Combined with other elements of her plan, this implies that unrealized capital gains will be taxed at more than 50%. Taxing unrealized gains as ordinary income (from the new M4A plan, applies to top 1% of households), plus the 14.6% payroll tax she wants to levy on investment income, plus the financial transactions tax when you have to sell something to get the cash to pay the taxes.... |
| | | | |
| | Warren’s whole idea is so obviously [[stupid]] and incapable of implementation that one is tempted to laugh....lawyers are a core constituency of the Democratic Party, and nearly every lawyer in the U.S. (along with many others, of course) tolerates paying 50% marginal tax rates on his or her income only because a chunk of that income is sheltered in 401(k)s. The 401(k) and the house are where the vast majority of high income earners accumulate wealth. Warren’s proposal essentially destroys the ability to build wealth via retirement savings. This may be OK with those who are already rich, like Elizabeth Warren, but it will be [[anathema]] to younger people who are trying to become wealthy.... | | Warren’s whole idea is so obviously [[stupid]] and incapable of implementation that one is tempted to laugh....lawyers are a core constituency of the Democratic Party, and nearly every lawyer in the U.S. (along with many others, of course) tolerates paying 50% marginal tax rates on his or her income only because a chunk of that income is sheltered in 401(k)s. The 401(k) and the house are where the vast majority of high income earners accumulate wealth. Warren’s proposal essentially destroys the ability to build wealth via retirement savings. This may be OK with those who are already rich, like Elizabeth Warren, but it will be [[anathema]] to younger people who are trying to become wealthy.... |
| | | | |
| − | Assessing a “wealth tax” that invades previously tax-free 401(k)s at a 50%+ rate will destroy Warren’s support in what has been, in recent years, a core Democratic Party constituency. “Wall Street,” i.e. the financial industry, has already warned that if Warren is the Democrats’ nominee, it will not support her. That in itself is seismic; no industry has ever supported a politician to the extent that [[Wall Street]] supported [[Barack Obama]] and [[Hillary Clinton]]. But the loss of support from America’s lawyers might be even more deadly to the Democratic Party....One unfortunate thing about targeting lawyers (and their often-liberal wives) is that many of them actually understand the implications of policy proposals. Here as usual, understanding is fatal to Liz Warren.<ref>https://www.powerlineblog.com/archives/2019/11/warren-loses-the-lawyers.php</ref>}} | + | Assessing a “wealth tax” that invades previously tax-free 401(k)s at a 50%+ rate will destroy Warren’s support in what has been, in recent years, a core Democratic Party constituency. “Wall Street,” i.e. the financial industry, has already warned that if Warren is the Democrats’ nominee, it will not support her. That in itself is seismic; no industry has ever supported a politician to the extent that [[Wall Street]] supported [[Barack Obama]] and [[Hillary Clinton]]. But the loss of support from America’s lawyers might be even more deadly to the Democratic Party....One unfortunate thing about targeting lawyers (and their often-liberal wives) is that many of them actually understand the implications of policy proposals. Here as usual, understanding is fatal to Liz Warren.<ref>https://www.powerlineblog.com/archives/2019/11/warren-loses-the-lawyers.php</ref>}} |
| − | Additionally. Warren promises free heaalthcare for illegal immigrants. Even Hillary Clinton trashed her insane healthcare ideas.<ref>https://freebeacon.com/politics/hillary-clinton-warrens-medicare-for-all-plan-wouldnt-pass-the-senate/</ref>
| |
| | | | |
| | ===Violence=== | | ===Violence=== |