World Wide Socialism

With so many countries, including (sadly) the United States,

having increasingly ravenous appetites for money, and the

more the merrier (not for the countries' taxpayers), it was 

bound to happen. 

Here's the latest lowdown on the lefties' down 'n' dirty. 

There is the bright idea of four countries in the G-20 

group of nations to impose a 2% wealth tax of the very

wealthiest citizens in those lands. The economic ministers

of Germany, South Africa, Spain, and Brazil have said that

the tax would  raise about $250 billion per year from 

approximately 3,000 billionaires. They also claimed that 

this would "boost social justice and increase trust in the 

effect of fiscal redistribution (!)". These four countries are 

planning to present this hare-brained idea at the upcoming 

G-20 meeting in June. 

As the United States has the highest number of billionaires

this horror, labelled the Global Wealth Tax, it would be a tax

similar to and in addition to a similar idea being bandied 

about in Washington; remember what I shared with you two 

weeks ago regarding the wealth tax scheme dreamt up by 

Sen. Elizabeth Warren (D-MA),  the female version of 

colleague and political soulmate of Sen. Bernie Sanders

(Ind.-VT)? But this would be taxation without representation,

as it would be imposed by a cabal of global elites 

attempting to do so without it having been passed 

by Congress.

The game plan is to get President Biden and Treasury Secretary

Janet Yellen, along with a majority of the G-20 bunch endorse 

the tax, then negotiate a global tax scheme and keep it off to the 

side until the Democrats control both chambers of Congress 

--- and not by such skinny margins as they currently do in the 

Senate --- as well as the presidency (which they now do).

This may take quite some years, but this money-hungry bunch

would be willing to wait, I'm sure. The wealth tax "is a necessary

third pillar that complements the negotiations on the taxation

of the digital economy and on a minimum corporate tax of 15%

for multinationals," these ministers swear by. This thing would

team with any minimum corporate tax to double-team the 

multinationals and remember, these corporations will simply pass 

along these taxes to their customers via increased prices for their 

goods and services. And once such taxes are implemented, good 

luck getting rid of them!

Besides all this, do you really think that the super-wealthy earners

(that is, those who call for such taxation on a wide scale) currently

pay their so-called fair share of income taxes, and would they 

bend to the will and wishes of the G-20 crowd and pay these new 

taxes, especially any wealth tax? If any of you, my wonderful 

readers do happen to think this, then your enterprising Peasant 

has some real estate way down south to sell you; it's the

Okefenokee Swamp!

Folks, the takeaway here a multipoint one: 

1) In the U.S., and in other countries where there are billionaires 

and near-billionaires, there won't be enough of them to provide

all of the tax revenue that the G-20 club is projecting that they 

think they will raise. That means they will have to go downstairs

to the millionaires, then maybe the near-wealthy, the upper middle-

class, the middle class, then your guess as to where and how it

will end is as good as your favorite Peasant's.

2) This nightmarish tax idea is increasingly at loggerheads with 

U.S. interests. The G-20 over the years of its 25-year existence 

has become a tool for left-wing governments the world over to

to make financial trouble for the U.S. And our country has been

in their crosshairs for much of that time.

3) The Biden regime is, politically speaking, kindred spirits with 

these governments and would love nothing more than to aid their

plans by giving power, and lots of it --- hang our sovereignty --- 

to these far-left governments. This would result in, among other 

things, U.S. taxpayers both individual and business having yet 

one more layer of financially oppressive government to fight 

in order to keep from getting cleaned out, and it would be a 

layer unaccountable to them. Taxation without representation 

and loss of sovereignty; a gruesome twosome.

4) Finally, this would be a tool, really an "in", for socialists in 

many countries, including here in the United States, to give their 

noxious ideology roots to anchor themselves in their governments

and economies to displace any semblance of the free market.

Something to ponder, and not just every April 15.

MEM