Tag: billionaires

White House Announces New Minimum Tax on Billionaires

President Joe Biden will announce a new minimum tax targeting billionaires as part of his 2023 fiscal year budget on Monday, according to the White House.

The Biden administration announced the proposal on Saturday in a fact sheet ahead of the budget release, stating that the president’s plan “rewards work, not wealth.”

“President Biden’s Billionaire Minimum Income Tax will make America’s tax code fairer and reduce the deficit by about $360 billion in just the next decade,” the fact sheet stated.

As part of his 2023 budget, Biden is asking Congress to pass legislation mandating the richest American families to pay a minimum of 20 percent on all of their income, including unrealized investment income.

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US To Bring Back Pirates To Seize Russian Yachts

Centuries ago, whenever Kings and Queens wanted to quietly wage an unofficial war against their enemies, they issued something called a “Letter of Marque” to private sailors known as Privateers.

The Letter would legally authorize these Privateers (which was just a polite way of saying ‘Pirate’) to seize other kingdom’s ships and cargo while at sea.

It was essentially government-sanctioned theft.

Well, the United States Congress is bringing back this practice.

A recent bill that was introduced would “authorize the President of the United States to issue letters of marque and reprisal for the purpose of seizing the assets of certain Russian citizens.”

So, if the bill passes, children can once again legitimately dream of becoming a pirate when they grow up.

The last time the US authorized privateers was during the War of 1812.

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Wisconsin Special Counsel Finds Facebook’s Zuckerberg Violated Wisconsin Election Bribery Laws

After roughly six months of investigation into Facebook’s role in the 2020 election, a special counsel appointed by Wisconsin Assembly Speaker Robin Vos last August submitted a report Tuesday. That report finds that Facebook head honcho Mark Zuckerberg’s grant funds violated Wisconsin’s bribery laws. And while the report found a plethora of areas of concern, it pulls up short of questioning the outcome of the election.

During the 2020 election, Zuckerberg funneled nearly $9 million in grant funds “solely to five Democratic strongholds in Wisconsin,” reports the Federalist. Last August, the Office of Special Counsel was created to investigate concerns about election integrity and the 2020 election. Retired state Supreme Court justice Michael Gableman was appointed as special counsel to head the investigation. An interim report was delivered to the state assembly on November 10, 2021. Tuesday’s report was the follow-up to that report and noted that this report “is final in the sense that it provides a list of recommendations with time for the Legislature to act before the close of its session in March.”

And while the report addresses “the numerous questionable and unlawful actions of various actors in the 2020 election,” it dances around the elephant in the living room, with Gableman stating early on that the report does not call for another look at the re-count that occurred in late 2020 or to challenge the contentious certification of the 2020 presidential election. And to drive that point home, the report ends by saying that even if Wisconsin were to “decertify the certified electors in the 2020 presidential election” — which the report explains as an arduous process — “this action would not, on its own, have any other legal consequence under state or federal law,” adding, “It would not, for example, change who the current President is.”

But if the 2020 election were found to be rife with fraud or tampering, then either the certification deserves another look or “election integrity” is a meaningless word combo. And according to Gableman’s report, Zuckerberg broke the law and played a $9 million role in election fraud and tampering.

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