Stocks Nose Dive After “Biden” Announces Massive Tax Increase as high as 43.4%

The Democrats strike yet another blow against the great American machine achievers, producers……. Americans are to be destroyed in the left’s hate-fueled war.

Stocks Take Nose Dive After Biden Announces Massive Tax Increase as high as 43.4%

By: Admin, April 22, 2021:

On Thursday, President Joe Biden announced that he would be proposing a massive tax increase which immediately caused the stock market to crumble.

Biden revealed that he would be raising capital gains tax on people making over $1 million to as high as 43.4%. The current minimum capital gains tax rate for wealthy individuals is 20%.

Check out what Yahoo Finance reported:

Stocks erased earlier gains to trade sharply lower after Bloomberg reported Thursday afternoon that President Joe Biden would propose increasing the capital gains tax rate on wealthy individuals.

The Dow dropped more than 250 points, or 0.7%, immediately following the report, after trading just slightly lower earlier. The S&P 500 and Nasdaq erased gains to trade at session lows.

Biden’s plan would involve increasing the capital gains tax rate on the wealthy to 39.6%, according to the report from Bloomberg citing people familiar with the matter. This would apply to those earning at least $1 million. The current base capital gains tax rate is 20%.

Earlier, in the session, stocks were little changed and struggled for direction. Stocks have churned in recent sessions as investors digested a bevy of corporate earnings results and awaited additional reports, more economic data and more commentary from Federal Reserve officials in the coming weeks.

What are your thoughts? Let us know in the comments below!

The preceding story was brought to you courtesy of Trending Politics Click the link to visit their page and see more stories.

RELATED ARTICLE:  Business Owners Can’t Find Workers Because Of Government Handouts: “They Don’t Have To Work.” – Geller Report News

EDITORS NOTE: This Geller Report column is republished with permission. ©All rights reserved. Quick note: Tech giants are snuffing us out. You know this. Twitter, LinkedIn, Google Adsense permenently banned us. Facebook, Twitter, Google search et al have shadowbanned, suspended and deleted us from your news feeds. They are disappearing us. But we are here. Help us fight. Subscribe to Geller Report newsletter here — it’s free and it’s critical NOW more than ever. Share our posts on social and with your email contacts.

VIDEO: Dan Rodimer Releases Campaign Ad Featuring Helicopter Hog Sniping, Promises to Cut the Pork in Washington if He Wins TX-06

MANFIELD, Texas /PRNewswire/ — Texas 6th Congressional District candidate Dan Rodimer just released a viral campaign ad, following his now famous “Make America Texas Again” video, where he calls out Congress for being “power hungry politicians who are threatening our way of life.” Election day is May 1st.

“I’m excited for election day. There is a palpable excitement surrounding our campaign for Congress and our momentum just keeps on building. We have continued to release videos that keep the district engaged and people walk up to me on the street here just to talk about them,” says Rodimer.

In the advertisement, Rodimer declares that Congress “piggybacks off the American taxpayer to fund the radical leftwing agenda.”  He continues, “they feed off our families, they feed from our paychecks, they steal from our businesses,” and in order “to feed tyranny and communism.”

Rodimer also calls out liberals in Congress for “open borders, endless wars and complete government control,” while calling up a dog named MAGA onto his ATV. He drives away, declaring that “Congress has taken control over our economy, control over our school districts, control over our churches, control over our businesses, control over our oil and control over our guns.”

Rodimer asserts that he “is running for Congress to put an end to this hogwash,” while hogs play a prominent role in the video. He says he will “strip power from the federal government and return it to where it belongs,” which, he says, is the American people.

Rodimer believes that we should decide what’s best for our families, how to spend our own money and that “we damn sure decide which guns to own.” He ends by declaring that “it’s time to cut the pork.”

Dan Rodimer has made it a key point of his campaign to stop the open borders policy Joe Biden initiated when he undid former President Trump’s “Remain in Mexico” policy, by enactment of his proposed Angel Act, which would codify Trump’s policy.  He also supports the Right to Life, securing Texas’ power grid for the future, standing behind our law enforcement personnel and the military, removing Nancy Pelosi as House Speaker and our Second Amendment rights.

“Our campaign is the only one that has ever been endorsed by President Trump in this race. I will go to Washington and stand up to Nancy Pelosi and her puppets in Congress so that we can finally cut the pork in Washington. That’s why we released this video,” said Rodimer.

This past weekend, Rodimer held his “Wrestle for Your Rights” event in the district. The family event was attended by over 700 guests getting to see such WWE stars as Daniel PuderDoug BashamKnox County Mayor Glenn “Kane” Jacobs and many more. This event was held in Mansfield, Texas, last Saturday.

Early voting for the District 6 race has begun and runs through April 27. Voting Day is May 1, 2021. You can see more about https://danrodimer.com/.

©All rights reserved.

Report: True National Debt Exceeds $123 Trillion, or Nearly $800,000 per Taxpayer

The Democrat-CCP continues to impose more crushing debt on the American people, kill businesses, lockdown whole cities throw millions of out work.

China is taking over. Note what’s important and prioritized in their strategy for world domination – debt and spending. Balanced against the value of its commercial assets, the federal government had a combined total of $103.7 trillion in debts, liabilities, and unfunded obligations.

COVID was an act of war  by China– launched during a US presidential election exploited and weaponized by the party of treason.

True National Debt Exceeds $123 Trillion, or Nearly $800,000 per Taxpayer, Report

By Mark Tapscott, The Epoch Times, April 19, 2021:

America’s national debt now exceeds $123 trillion, according to a new report, or more than four times the official figure of $28 trillion, as calculated by the U.S. Treasury Department at the end of March.

Federal spending related to the CCP virus pandemic and economic lockdown added nearly $10 trillion to the total in 2020, according to the latest edition of the “Financial State of the Union 2021” report, compiled and published annually by Chicago-based nonprofit Truth in Accounting (TIA).

But spending amid the pandemic represents only a small portion of the total difference between the official government figure and TIA’s calculation.

“Our measure of the government’s financial condition includes reported federal assets and liabilities, as well as promised, but not funded, Social Security and Medicare benefits,” the report stated.

“Elected and non-elected officials have made repeated financial decisions that have left the federal government with a debt burden of $123.11 trillion, including unfunded Social Security and Medicare promises.”

The TIA report includes in its total debt calculation $55.12 trillion in unfunded Medicare benefits and $41.20 trillion in unfunded Social Security benefits.

Treasury officials don’t include unfunded benefits because they claim recipients have no right to future payments, only to those under current entitlement laws.

The total debt, according to the report, “equates to a $796,000 burden for every federal taxpayer. Because the federal government would need such a vast amount of money from taxpayers to cover this debt, it received an ‘F’ grade for its financial condition.”

Unlike many state governments, the federal government doesn’t maintain a cash reserve to deal with spending necessitated by unexpected crises such as a virus pandemic.

“The coronavirus pandemic and related stimulus packages have caused some of the deterioration because the government had to borrow money to weather the pandemic. If the federal government was properly prepared for a crisis with a true rainy-day fund, it would not have had to borrow money,” TIA stated.

Defense and veterans’ benefits accounted for the largest share of federal spending in 2020 at 23 percent, followed by health and human services with 19 percent, Social Security with 16 percent, interest on the debt at 5 percent, and 2 percent on education. Fully a third (35 percent) of the spending went to what TIA described as “Other.”

Responses

Spokesmen for Sen. Bernie Sanders (I-Vt.) and Sen. Lindsey Graham (R-S.C.), respectively the chairman and ranking minority member of the Senate Budget Committee, didn’t respond to The Epoch Times request for comment.

Similarly, a spokesman for House Budget Committee Chairman Rep. John Yarmuth (D-Ky.), didn’t respond.

Mondays are typically “travel days” for senators returning from their states and representatives from the districts.

A spokesman for Rep. Jason Smith (R-Mo.), the budget panel’s ranking minority member, referred to a March 31 statement in which Smith criticized news spending proposals from President Joe Biden and congressional Democrats.

“Washington Democrats are embracing an historically disturbing appetite for spending. They just passed a nearly $2 Trillion bailout bill. President Biden is now proposing they turn right back around and cut a check for another $2 trillion to spend on a massive grab bag of policies all tied together with talking points,” Smith wrote.

“All the while, the President reportedly has yet another $2 trillion spending proposal in his back pocket awaiting its own news cycle.”

Consultants Agree

Campaign strategists and nonprofit activists interviewed by The Epoch Times about the TIA report expressed agreement that debt requires serious attention to get it under control.

Jim Manley, former communications director to Senate Majority Leader Harry Reid (D-Nev.), said “at some point, both parties are going to have to have a serious negotiation regarding the need to get our fiscal house in better order, and that includes both taxes and spending, but I don’t see that happening anytime soon because our politics are just too toxic.”

But, Manley said, “in the meantime interest rates are low and the economy is digging itself out of the hole the pandemic caused, but there is no reason for Democrats to be at all concerned about the Republicans’ new-found focus on cutting spending after everything the last administration did.”

He was referring, he said, to 2017 tax reform legislation enacted by Republican majorities in the House and Senate and signed into law by President Donald Trump.

Another Democratic campaign strategist, Kevin B. Chavous, told The Epoch Times: “This has been an issue that both parties have simply failed to address. It will not be fixed, though, by doing the same things.”

Chavous said he expects “the infrastructure bill will create jobs and grow the economy by investing in modern technology and cleaner energy sources. Things like a nationalized electric grid and expanded broadband access will make Americans more productive and more competitive in the years to come. It is an expense we have to make sooner than later.”

Taxpayers Protection Alliance (TPA) President David Williams pointed to the need to cut federal spending. “A debt of $123 trillion should be a wake-up call for the country. The bill is coming due very soon, which could have dire consequences for taxpayers and the country.”

Williams said Biden and congressional leaders “are seemingly oblivious to the stark fiscal crisis happening right under their noses. Worse yet, if they are aware of the deep financial issues, they are clearly not doing anything to fix the problem. Instead of finding ways to spend more money, Congress and the president need to find ways to cut spending.”

Citizens Against Government Waste (CAGW) President Tom Schatz noted that President Thomas Jefferson said the nation’s representatives shouldn’t accumulate debts that can’t be paid in their own time, and while this has been problematic for years, it has never been this significant.

Schatz said he believes “members of Congress have an obligation to attempt to bring spending under control and ensure that present and future taxpayers are not forced to fund any federal program that is duplicative, wasteful, and inefficient.”

When The Epoch Times asked TIA President Sheila Weinberg if it’s reasonable to depend upon future economic growth to solve the debt problem, she said no, and noted that the Treasury Department agrees.

“The authors of the Financial Report of the U.S. Government have deemed that under current law and policy, a massive implied increase in the ratio of reported debt to GDP—e.g. future debt will be growing faster than GDP—is simply unsustainable,” she said.

“In other words, under current law and policy, we can’t grow our way out of this, especially considering Medicare grows faster than inflation.”

RELATED ARTICLES:

Schweizer: China’s Influence on U.S. Government a ‘Massive Problem’

Unlike Hobbled U.S., China Stops COVID Stimulus Spending, CUTS It’s Deficit To 3.2%, Economy Recovers Pre-China Virus Momentum

EDITORS NOTE: This Geller Report column is republished with permission. ©All rights reserved. Quick note: Tech giants are snuffing us out. You know this. Twitter, LinkedIn, Google Adsense permenently banned us. Facebook, Twitter, Google search et al have shadowbanned, suspended and deleted us from your news feeds. They are disappearing us. But we are here. Help us fight. Subscribe to Geller Report newsletter here — it’s free and it’s critical NOW more than ever. Share our posts on social and with your email contacts.

BUSINESS FAILURE BACK TO PANDEMIC HIGHS: Small & Medium Businesses CLOSED in February Despite Failed Democrat COVID ‘Relief’

Democrats respond with crippling taxes and multiple trillion-dollar crippling debt packages. They’re destroying us.

U.S. small business closures are ticking back toward Covid pandemic highs

By: Anjali Sundaram, CNBC, Apr 9 2021:

  • According to a new report from Facebook and the Small Business Roundtable, 22% of U.S. small and medium businesses were closed in February.
  • At the peak in May, the pandemic saw 23% of small and medium businesses closed.
  • “It continues to be a very painful time for small businesses,” said John Stanford, co-executive director of the Small Business Roundtable.

Small business closures are close to the highs of the pandemic

Closures across the U.S. and the world are creeping back toward their pandemic peaks, according to a report from Facebook and the Small Business Roundtable.

“It continues to be a very painful time for small businesses,” John Stanford, co-executive director of the Small Business Roundtable, told CNBC’s “Worldwide Exchange” on Thursday.

The report, which surveyed over 35,000 small and medium-size businesses across the world, found that 22% of U.S. small businesses were closed in February. Those figures were up from October’s 14%. At the peak in May, the pandemic saw 23% of small and medium-size businesses closed — only 1 percentage point higher than the current closure rate.

While the overall closures are nearing Covid highs, the report found that different areas of the country were experiencing varying degrees of difficulty. Some states, like Maine, Idaho and Colorado, were seeing 9%-10% closures, while others like New York, Pennsylvania, and Massachusetts were seeing at least 30% closed.

Within states, the report also found that certain demographics were getting hit harder than others: 27% of minority-led small and medium-size businesses reported closures, compared with 18% of others. Female-led businesses saw 25% closure rates, while 20% of male-led businesses closed.

Small and medium-size businesses are continuing to see the impact of the pandemic despite a relative bounce back for larger corporations. “Small businesses are really our front-line defense for the business community,” Stanford said. “They feel impacts first, and those impacts stay the longest.”

“So while larger companies with larger capital reserve may be doing OK, small businesses can’t just take the risk to stay open, and I think we’re seeing that play out with these high numbers,” he added.

During a year of Covid closures, Congress rolled out programs like the Payroll Protection Program, designed to help small businesses keep their employees on payroll. Stanford said while the data shows that the PPP was “instrumental” to small businesses, these types of programs weren’t designed to be sustainable a year out.

“We have to remember, PPP was a bridge program,” Stanford said. “It was meant to keep people on the payroll, it wasn’t meant necessarily to keep businesses open.”

According to the report, 27% of small and medium businesses said they had to reduce their workforce — and 48% of those companies said they had to lay off at least half of their workforce. When it comes to getting those employees back, 51% of the businesses surveyed said they were not planning to rehire former employees within the next six months.

“PPP and others really helped get us through a shutdown of a year’s economy, but I think we’ve got a tough road ahead,” Stanford said.

However, 18% of small and medium-size businesses said they had already hired back some of their employees within the last three months. The report noted that those businesses account for 60%-70% of workforces across the world, so the prospect of rehiring would be critical to the rebound of many economies.

Stanford said that overall, he’s optimistic about small businesses’s ability to bounce back.

“Entrepreneurs are survivors. … We reopen the economy, we reopen states, when things get back to normal, we are going to come back in a fast way,” he said. “When life picks back up in just a few months here, you’re going to see small business numbers turning around.”

RELATED ARTICLE: VIDEO: New Movement #ForgetYourMask Launched

EDITORS NOTE: This Geller Report column is republished with permission. ©All rights reserved. Quick note: Tech giants are snuffing us out. You know this. Twitter, LinkedIn, Google Adsense permenently banned us. Facebook, Twitter, Google search et al have shadowbanned, suspended and deleted us from your news feeds. They are disappearing us. But we are here. Help us fight. Subscribe to Geller Report newsletter here — it’s free and it’s critical NOW more than ever. Share our posts on social and with your email contacts.

9 Crazy Examples of Unrelated Waste and Partisan Spending in Biden’s $2 Trillion ‘Infrastructure’ Proposal

Just roughly one-third of the money goes to the kinds of spending people would usually associate with infrastructure.


The Biden administration on Wednesday released a comprehensive $2+ trillion spending proposal ostensibly focused on infrastructure. But there’s much more to this plan than meets the eye.

A glance at the proposal reveals many items that appear only tenuously related to infrastructure. In fact, several don’t appear to be related to infrastructure at all.

Here are 9 of the most suspect items in Biden’s “infrastructure” proposal, taken directly from a fact-sheet on the plan the White House released.

The Biden administration proposes spending $10 billion to create a “Civilian Climate Corp.” The White House claims that “This $10 billion investment will put a new, diverse generation of Americans to work conserving our public lands and waters, bolstering community resilience, and advancing environmental justice through a new Civilian Climate Corps.”

The proposal sets aside a whopping $20 billion—more than the latest COVID package spent on vaccines—for “a new program that will reconnect neighborhoods cut off by historic investments and ensure new projects increase opportunity, advance racial equity and environmental justice, and promote affordable access.”

Electric vehicles: A technological novelty so good it won’t catch on without hundreds of billions in subsidies. At least, that’s apparently what the Biden administration thinks, as its infrastructure proposal earmarks a “$174 billion investment to win the electric vehicle market.”

The spending will take the form of manufacturing subsidies and consumer tax credits, which historically have benefitted wealthy families most. For comparison, the proposal carves out more for green energy goodies than it does on the total $115 billion to “modernize the bridges, highways, roads, and main streets that are in most critical need of repair.”

When most people hear “infrastructure,” they think of roads, bridges, tunnels, and so on. But the Biden administration’s definition of the term is Olympian-gymnastics-level flexible. Apparently, the president considers it “infrastructure spending” to allocate $213 billion to build or retrofit 2 million “sustainable” houses and buildings. They also slip in $40 billion for public housing, stating this will “disproportionately benefit women, people of color, and people with disabilities.”

You might remember that the last “COVID” legislation had $128.5 billion in taxpayer dole-outs for public schools; much of the money will be spent years after the pandemic and there was no requirement that schools actually open. Yet this was, evidently, just the beginning. The Biden “infrastructure” plan includes another “$100 billion to upgrade and build new public schools.”

“Funds also will be provided to improve our school kitchens, so they can be used to better prepare nutritious meals for our students and go green by reducing or eliminating the use of paper plates and other disposable materials,” the proposal reads. (Emphasis mine).

One generally thinks of infrastructure and higher education as separate, distinct sectors. Yet the Biden “infrastructure” plan slips in $12 billion for states to spend on community colleges.

The proposal includes several billion dollars allocated to reduce supposed “racial and gender inequities” in Science, Technology, Engineering, and Math (STEM) research and development.

What this has to do with interstate infrastructure is not adequately explained.

Loosely lumped under the broad term “digital infrastructure,” the plan allocates $100 billion to “bring affordable, reliable, high-speed broadband to every American.” Interestingly, the proposal openly states that it wishes to promote government and NGO control of broadband and push out private sector providers: It “prioritizes support for broadband networks owned, operated by, or affiliated with local governments, non-profits, and co-operatives—providers with less pressure to turn profits.”

The plan includes $25 billion “to help upgrade child care facilities and increase the supply of child care in areas that need it most.” According to the White House, “funding would be provided through a Child Care Growth and Innovation Fund for states to build a supply of infant and toddler care in high-need areas.”

The above list totals hundreds of billions in waste and unrelated partisan spending slipped into the Biden administration’s expensive “infrastructure” plan. But it should be stressed that this list is far from exhaustive; it’s what one reporter was able to find in a few hours of research.

By the time this proposal is translated into hundreds of pages of legislation (if not thousands) and subjected to Congress’s (and lobbyists’) influence, there will no doubt be even more waste and partisan policies slipped into it.

Yes, there is serious debate about the state of American infrastructure and the proper role of the federal government in addressing its deficiencies. However, of this plan’s more than $2 trillion in proposed spending, just $621 billion goes to “transportation infrastructure and resilience.” That’s right, just roughly one-third of the money goes to the kinds of spending people would usually associate with infrastructure, like repairing roads and bridges and modernizing public transit.

Can Biden get away with this?

Well, remember that only 10 percent of the Biden administration’s $1.9 trillion in “COVID relief” spending was actually directly related to COVID-19, with much of it going to waste, politician pet projects, and partisan priorities. The president appears to have taken a similar approach to infrastructure spending.

Unfortunately, it’s not much of a surprise. As the American journalist and satirist PJ O’Rourke once said, “Giving money and power to government is like giving whiskey and car keys to teenage boys.”

COLUMN BY

Brad Polumbo

Brad Polumbo (@Brad_Polumbo) is a libertarian-conservative journalist and Opinion Editor at the Foundation for Economic Education.

EDITORS NOTE: This FEE column is republished with permission. ©All rights reserved.

DELTA Airlines Gets Involved in Politics, Opposes Election Integrity Laws, Georgia House Makes Them Pay

Corporate fascism, not to mention total hypocrisy. Delta partners with slave-owning China while condemning Georgia based on lies.

Delta‘s CEO opposes Georgia’s voter ID law. And yet he also requires an ID to board Delta jetliners.

#StandWithGeorgia

DELTA gets involved in politics, Georgia House makes them pay

By: Kane, C April 1, 2021:

Georgia Republicans voted to strip Delta Air Lines of a jet fuel tax break worth tens of millions of dollars Wednesday after the company condemned the state’s new law that protects voters from fraud.

Stacey Abrams has urged companies not to boycott her home state, arguing that a slowdown of economic activity could harm the very people the boycott is meant to protect. “Leaving us behind won’t save us,” Abrams wrote. “So I ask you to bring your business to Georgia and, if you’re already here, stay and fight.”

Forbes writer is butthurt…

EDITORS NOTE: This Geller Report column is republished with permission. ©All rights reserved. Quick note: Tech giants are snuffing us out. You know this. Twitter, LinkedIn, Google Adsense permenently banned us. Facebook, Twitter, Google search et al have shadowbanned, suspended and deleted us from your news feeds. They are disappearing us. But we are here. Help us fight. Subscribe to Geller Report newsletter here — it’s free and it’s critical NOW more than ever. Share our posts on social and with your email contacts.

Red States Leading U.S. Economic Growth, Commerce Department Report Finds

The mooching, looting Democrat states will get massive bailouts on the back of hardworking Red states. Every time we are proven right, which is daily, we are punished, daily.

Red States Leading U.S. Economic Growth, Commerce Department Report Finds

South Dakota, Texas, and Utah are leading the U.S. in economic growth, according to a new report from the Department of Commerce.

By Ashe Schow • Daily Wire • March 29, 2021 •

The three top states are all in the hands of Republicans, with Republican governors, Republican state senates, and Republican state assemblies, The Center Square reported. Of the remaining seven states in the top 10 for economic growth, five were also Republican strongholds. From the Center Square:

Texas Republican Governor Greg Abbott speaks during a campaign rally by US President Donald Trump at the Toyota Center in Houston,
“On March 26, the New York Federal Reserve ‘GDP Nowcast’ model, which estimates real-time economic growth, said that while the U.S. economy grew at 6.1% in the first quarter of 2021, it will only grow at 0.7% in the second quarter,” the Center Square reported. “Fed analysts attribute the ‘negative surprises from personal consumption expenditures, manufacturers’ shipments of durable goods, and housing data’ as contributing factors for the forecasted decrease. Their forecast for the entire year is roughly 6% growth or higher.”

The report is based on 2020 fourth quarter gross domestic product (GDP) data and February 2021 unemployment rates.

Real GDP increased in all 50 states and the District of Columbia in the fourth quarter of 2020. Real GDP for the U.S. as a whole increased at an annual rate of 4.3%. The percent change in real GDP in the fourth quarter ranged from 9.9% in South Dakota to 1.2% in the District of Columbia.

The top three states in quarter-over-quarter growth were South Dakota (9.9%), Texas (7.5%), and Utah (7.1%). All three have Republican trifecta governments, with Republicans controlling the governor’s offices and both chambers of state legislatures.

The two Democrat-held states in the top 10 were Connecticut with 7% growth and Delaware with 5.8% growth. The remaining five Red states in the top 10 are Tennessee with 6.7% growth, Iowa and Nebraska with 6.3% growth each, Alaska with 5.8% growth and Missouri with 5.6% growth.

RELATED ARTICLE: ABC Poll finds majority of Americans DISAPPROVE of Biden’s Handling Of His Migrant Crisis At US Border

EDITORS NOTE: This Geller Report column is republished with permission. ©All rights reserved. Quick note: Tech giants are snuffing us out. You know this. Twitter, LinkedIn, Google Adsense permenently banned us. Facebook, Twitter, Google search et al have shadowbanned, suspended and deleted us from your news feeds. They are disappearing us. But we are here. Help us fight. Subscribe to Geller Report newsletter here — it’s free and it’s critical NOW more than ever. Share our posts on social and with your email contacts.

Biden’s ☭ Transportation Secretary Pete Buttigieg Plans to Tax Drivers for Each Mile They Drive

America stood by while the Democrat criminal syndicate hijacked our election and allowed the Dem-fascists to target and persecute anyone who spoke out again the coup.

It will only get worse until we #RiseUp.

After a year of punitive Democrat COVID restrictions which decimated American jobs and businesses,  the Democrats’ followed up on their coup with unsustainable, punishing tax increases.  And the media cheered.

More ruinous policies from the Biden Administration. If enacted this tax would hurt the millions of Americans who live in rural areas. The people who must travel greater distances for work. And what about the families who work in hotels, restaurants, diners, and parks, who would lose their jobs since far fewer people would go on road trips. What a miserable administration this is. The most extreme we have ever seen. The American people must come out in droves during the 2022 mid-terms and vote the Democrat Party out of power.

‘What Awful Instincts’: Buttigieg Torched On Social Media For Being Open To Taxing Motorists Per Mile

By Daily Wire, March 27, 2021

Secretary of Transportation Pete Buttigieg was ridiculed on social media on Friday for expressing openness to a policy that would pay for President Joe Biden’s massive infrastructure budget by taxing motorists for each mile they drive.

“So, I think that shows a lot promise,” Buttigieg said regarding a mileage-based tax during an interview with CNBC. “If we believe in that so-called ‘user-pays principle,’ the idea that part of how we pay for roads is you pay based on how much you drive. The gas tax used to be the obvious way to do that; it’s not anymore.”

“So, a so-called ‘vehicle-miles-traveled tax’ or ‘mileage tax,’ whatever you want to call it, could be a way to do it,” Buttigieg added.

WATCH:

Many pundits took to social media to blast Buttigieg for floating such an idea, which many claimed would be a further burden on the poor.

“Truly brilliant way to completely screw over lower income and middle class Americans! And every single person living in a rural area who has to drive far to get places! Just brilliant Pete, truly,” wrote “The View” cohost Meghan McCain.

“Pete Buttigieg is what happens when you put white, upper class Millennial residents of college towns in charge,” tweeted The Daily Wire’s Emily Zanotti. “I bet he writes strongly worded posts on Nextdoor when someone parks their Prius in his bike lane[.]”

“Here comes a new tax that will hit the poor and middle class the hardest. Joe Biden’s Transportation Sec. Pete Buttigieg says the Biden administration is considering taxing drivers for every mile they drive to fund their big spending,” wrote congressional candidate Robby Starbuck.

Buttigieg recently testified on Capitol Hill that the country’s infrastructure needs top $1 trillion. The Biden administration is preparing a $3-4 trillion spending package that includes infrastructure funding and other priorities.

As The Daily Wire reported:

In his testimony to the committee on Thursday, Secretary Buttigieg said that there is opportunity at this current moment in time to provide funding for infrastructure needs. In written remarks, Buttigieg said, “I believe we have – at this moment – the best chance in any of our lifetimes to make a generational investment in infrastructure that will help us meet our country’s most pressing challenges today and create a stronger future for decades to come.”

EDITORS NOTE: This Geller Report column is republished with permission. ©All rights reserved. Quick note: Tech giants are snuffing us out. You know this. Twitter, LinkedIn, Google Adsense permenently banned us. Facebook, Twitter, Google search et al have shadowbanned, suspended and deleted us from your news feeds. They are disappearing us. But we are here. Help us fight. Subscribe to Geller Report newsletter here — it’s free and it’s critical NOW more than ever. Share our posts on social and with your email contacts.

CALIFORNIA HUMAN TRAFFICKING: Foster Parents Being Asked to Take in ’26 or more’ Migrant Children from the Border

Only 26? ‘C’mon, man!

California Foster Parents Being Asked to Take in “26 or more” Migrant Children from the Border – “I Consider it Human Trafficking”

By Brian Shilhavy, Editor, Health Impact News

The mass sex trafficking of children into the United States is now happening in the open in full view of the public, and no one seems to have the will or power to step in and stop it.

One has to wonder if the United States has now become the most morally degenerate country on the face of the earth?

Yesterday, the Daily Mail interviewed California foster parents Travis and Sharla Kall, and they said that the Community Care Licensing Division (CCLD) of California’s Department of Social Services that oversees foster home and care licensing, had asked them to take in “26 or more” children being housed at the U.S. Mexican border, where tens of thousands of migrant children who came across the border without their parents are being held.

The Kalls also stated that other foster care parents in the state received the same request.

California foster parents are being asked to care for a staggering 26 or more unaccompanied migrant children per household, DailyMail.com can reveal.

On March 12, foster parents Travis, 45, and Sharla Kall received a voicemail amid the crisis at the Mexico border.

‘This is an emergency message, please respond to this urgent message from the Community Care Licensing Division (CCLD),’ the voicemail obtained by DailyMail.com said. ‘CCLD would like to know how many available beds you have to serve additional youth.’

CCLD is a division of California’s Department of Social Services that oversees foster home and care licensing.

The couple received an email with the same urgent message, containing links for them to communicate how many available beds they have – ranging from zero to ’26 +.’

‘Usually the maximum amount of children you are allowed to foster at any one time is six,’ said Travis, who currently fosters two four-month-old twins with his wife, while also caring for their biological twins, aged six.

‘We called our case worker and she told us that everyone was calling her because they had got that same call,’ said the small automotive business owner from Orange, California.

‘She said there was a big influx of children coming in, but she didn’t know where from,’ he added.

The couple reached out to a friend who is fostering through a different agency and were told that she had received the same call. The friend also told them her agency confirmed via email that the children were coming from the border.

‘As many of you are already aware, CCLD has been sending automated emails and phone calls asking you about available beds to serve additional youth,’ the email read.

‘They are trying to address the needs of a record number of unaccompanied children who are arriving from Central America who are escaping impossible situations such as poverty, violence and natural disasters,’ it adds.

The couple were shocked that the request was being made.

‘At any given point in time there are 30,000 plus children in the L.A. County foster care system alone,’ Sharla said.

‘So to ask us already certified foster parents to take on children from another country when we can barely take care of our own foster crisis doesn’t seem beneficial to either side because either way someone loses a bed,’ she added.

Travis, who along with his wife runs a non-profit fighting against human trafficking, believes this is just the tip of a sinister iceberg.

‘I consider it human trafficking,’ he said. ‘It’s not the burden of taking kids in because we have the heart for it, but these are kids that were taken from the border for a money scheme and now they’re going to use us resource parents to take care of them.’

Read the full article at The Daily Mail.

RELATED ARTICLE: US pledges $15m. to Palestinians in first step to restoring pay for slay funding

EDITORS NOTE: This Geller Report column is republished with permission. ©All rights reserved. Quick note: Tech giants are snuffing us out. You know this. Twitter, LinkedIn, Google Adsense permenently banned us. Facebook, Twitter, Google search et al have shadowbanned, suspended and deleted us from your news feeds. They are disappearing us. But we are here. Help us fight. Subscribe to Geller Report newsletter here — it’s free and it’s critical NOW more than ever. Share our posts on social and with your email contacts.

NO WHITES: California Mayor Announces Segregationist Income Program, White Poor EXCLUDED

Sick. Look at what the democrats have done to our beloved country. They’ve turned into a racist hellhole.

Oakland Mayor Announces Basic Income Program, but Not For Poor White Families

Oakland City Council unanimously voted in July 2020 cut the police department budget by 50%

By Katy Grimes, California Globe, March 25, 2021:

Oakland Mayor Libby Schaaf announced Tuesday a privately funded universal basic income program, to provide 600 Black, Indigenous, and People of Color (BIPOC) families with low-incomes an unconditional $500 per month for at least 18 months.

But there is a hitch – the program excludes poor white families. Mayor Schaaf says the program is only for “Black, Indigenous, and People of Color (BIPOC) (i.e. groups with the greatest wealth disparities per the Oakland Equity Index) with low incomes and at least 1 child under 18, regardless of documentation status. The term ‘family’ is defined broadly to recognize that families come in all shapes and sizes,” according to the Mayor’s office.

The Oakland Equity Index reports, “The median income for White households was 2.93 times the median income of African American households, while African Americans were most likely to be living at or below the federal poverty level (26.1%), compared to 21.9% of Latinos, 15.0% of Asians, and 8.4% of Whites.”

“The median income for White households was highest ($110,000) and the median income for African American households was lowest ($37,500). The median income for Asian households ($76,000) was similar to the citywide median income ($73,200), while Latino households fell below the citywide median with a median income of $65,000.”

But can Universal Basic Income of $500 per month help close that gap? It takes the lowest annual median income from $37,500 to $43,500. Perhaps encouraging new employers to the region with tax incentives, fee and permit waivers, and loosened regulations, would.

“In partnership with Family Independent Initiative and Mayors for a Guaranteed Income, Oakland Resilient Families will be among the nation’s largest efforts to determine the effectiveness of monthly unconditional payments to residents to help overcome economic instability,” the Mayor’s office reported. “Oakland Resilient Families is a collaboration between the Oakland-based community organization Family Independence Initiative and the national Mayors for a Guaranteed Income. The project will support 600 Oakland families while building momentum for strategies to eliminate racial disparities in economic stability, mobility, and assets through a guaranteed income.”

Former Stockton Mayor Michael D. Tubbs founded Mayors for a Guaranteed Income, was one of the early mayors to offer guaranteed income to low income residents. “Mayor Libby Schaaf joined Mayors for a Guaranteed Income as a founding mayor in 2020. Mayors for a Guaranteed Income (MGI) grew out of the groundbreaking Stockton Economic Empowerment Demonstration (SEED) led by former Mayor Michael Tubbs,” Schaaf’s office reported.

The jury is still out if the program “helps overcome economic instability.”

The seemingly noble goal behind universal basic income is to help to alleviate poverty. However, economists have long warned that UBI creates a disincentive to work.

The other issue with UBI is that it subsidizes non-productive activities, according to the Mises Institute. Rather than being encouraged to look for a job that pays enough to live on, too often people are lulled into using UBI to help fund flailing (or failing) careers as artists, actors or musicians – all very tough industries in which to make a living.

The Oakland Resilient Families website outlines its “Guiding Principles:”

Invest in Justice: Advance strategies to eliminate racial disparities in economic stability, mobility, and assets through a guaranteed income.

Invest in Families: Help participating families move from crisis to resilience to thriving in the wake of COVID-19.

Change the Narrative: Through storytelling and data, uplift the truth that poverty is a systems failure – not a personal failure.

Change the System: Build support for unconditional cash transfers and other strength-based policies that enhance the existing social safety net, rather than replace.

According to Mayor Schaaf’s office, “Oakland Resilient Families is 100% funded through philanthropic donations anchored by an investment from Blue Meridian Partners’ Place Matters portfolio, which aims to improve economic and social mobility in communities across the US through investments both in place-based partnerships and in supports to catalyze their success. These investments go towards transformative upstream initiatives like the guaranteed income pilot, cradle-to-career education supports through the Oakland Promise, and systems change work across the city, county, and school district through Oakland Thrives.”

There may be more effective ways to help lift Oakland’s low income community out of poverty, and focusing on reducing the historic horrific crime rate in the city is one place to start, rather than ways to defund the police.

Violent and property crimes in Oakland are the highest in the state and increased 38% in 2020, according to Oakland Police. While the Oakland City Council unanimously voted in July 2020 cut the police department budget by 50% over the next two years, crime was escalating. The East Bay Times reported that the Oakland City council “created the Reimagining Public Safety Task Force to overhaul public safety in Oakland with the goal of increasing community safety through alternatives to 911 calls, and reallocating police funds into programs having to do with housing, health services, jobs and homelessness.”

The Mises Institute outlined basic ways to help alleviate poverty and unemployment, noting, “the best steps to take are in the directions of reducing the cost of living and creating conditions favorable to plentiful employment.”

  • It must be easy to start a business.
  • It must be easy to operate the new business.
  • It must be easy to make a profit so the business can survive the first few years and,
  • It must be easy to hire employees.

And in Oakland, it must first be safe enough do all of this.

RELATED ARTICLE: GA: Democrat lawmaker arrested for attempting to disrupt signing of new voter protection bill

EDITORS NOTE: This Geller Report column is republished with permission. ©All rights reserved. Quick note: Tech giants are snuffing us out. You know this. Twitter, LinkedIn, Google Adsense permenently banned us. Facebook, Twitter, Google search et al have shadowbanned, suspended and deleted us from your news feeds. They are disappearing us. But we are here. Help us fight. Subscribe to Geller Report newsletter here — it’s free and it’s critical NOW more than ever. Share our posts on social and with your email contacts.

Mexican President Blames Biden For Border Crisis, Says He Created ‘Expectations’

Mexican President Andrés Manuel Lopez Obrador blamed President Joe Biden’s immigration policies for the crisis at the southern border during a Tuesday press conference.

“Expectations were created that with the Government of President Biden there would be better treatment of migrants,” Lopez Obrador said. “And this has caused Central American migrants, and also from our country, wanting to cross the border thinking that it is easier to do so.”

“People don’t go to the United States for fun, they go out of necessity,” Lopez Obrador said, according to Reuters.

Biden sent an envoy to the region to address the surge at the border, with Mexico’s Foreign Minister Marcelo Ebrard saying there needs to be “humanitarian actions” that promote economic development to address the root causes of migration from Central America to the U.S., according to Reuters.

Biden’s administration, however, has blamed the Trump administration for the crisis at the border despite rolling back Trump-era policies meant to curb illegal immigration.

Department of Homeland Security Alejandro Mayorkas blamed the Trump administration Sunday while speaking on CNN’s State of the Union, according to The Hill.

“There was a system in place in both Republican and Democratic administrations, that was torn down during the Trump administration, and that is why the challenge is more acute than it ever has been before.”

“We are rebuilding the orderly systems that the Trump administration tore down to avoid the need for these children to actually take the perilous journey,” he said.

Biden halted construction of the border wall, placed a 100-day moratorium on deportations and ended Trump’s “Remain in Mexico” policy.

Biden has since suggested his administration would be re-establishing the “Remain in Mexico” policy, which forces migrants seeking asylum to remain in Mexico while their asylum claims were processed.

Since Biden took office, a large influx of migrants, including unaccompanied children, have arrived at the border and overwhelmed facilities.

COLUMN BY

BRIANNA LYMAN

Reporter. Follow Brianna on Twitter.

RELATED VIDEO: General Flynn on Enemy Infiltration.

RELATED ARTICLES: 

Kamala Harris given lead role over border by President Biden

‘Not Today!’: Kamala Harris Cracks Up When Asked If She Will Visit The Border

Government Accountability Office Investigates Biden’s Decision To Halt Border Wall Construction

Lindsey Graham On Border Crisis: ‘Where is AOC? Why Aren’t You At The Border?’

EDITORS NOTE: This Daily Caller column is republished with permission. ©All rights reserved.

IT BEGINS: Economists Say Biden’s Proposed Tax Hikes Will Impact Americans Earning $200K

While campaigning Joe Biden said he would not tax anyone who is earning under $400k. Only people who earn above 400k would be taxed, then candidate Joe Biden insisted. This statement was obviously not true. The spending of the Biden Administration and the Democrat controlled Congress is so out of control, that there is simply no way that only the affluent could pay for it.

Watch your wallet, Mr. and Mrs. America.

IT BEGINS: Economists Say Biden’s Proposed Tax Hikes Will Impact Americans Earning $200K

By Sean Hannity, March 18, 2021

Despite making numerous claims that his proposed tax hike will only affect Americans earning more than $400,000, analysts now believe President Biden’s policy could impact those making $200,000 per year.

“Anybody making more than $400,000 will see a small-to-a-significant tax increase,” Biden said during an interview on ABC’s “Good Morning America” that aired Wednesday. “You make less than $400,000, you won’t see one single penny in additional federal tax.”

“Jen Psaki clarified on Wednesday that Biden’s proposed $400,000 threshold for tax increases applies to families, rather than individuals, meaning the hike could hit individuals who earn $200,000 a year if they are married to someone who makes the same amount,” reports Fox News.

“He meant families,” said Psaki.

President Biden has already called for $4 trillion in new spending on programs like CoVID relief and the Green New Deal.

EDITORS NOTE: This Geller Report column is republished with permission. ©All rights reserved. Quick note: Tech giants are snuffing us out. You know this. Twitter, LinkedIn, Google Adsense permenently banned us. Facebook, Twitter, Google search et al have shadowbanned, suspended and deleted us from your news feeds. They are disappearing us. But we are here. Help us fight. Subscribe to Geller Report newsletter here — it’s free and it’s critical NOW more than ever. Share our posts on social and with your email contacts.

Here’s the List of the Top 20 States Getting ‘COVID’ Bailout Money [And Why It Raises a Giant Red Flag]

It’s simply naïve and ignorant of human nature to expect people—especially the kind of people who become politicians—to dole out trillions of dollars without any hint of favoritism or impropriety.


President Biden is taking a victory lap after signing his $1.9 trillion ‘COVID’ spending bill. “Help is here,” he wrote in a tweet promoting his plan.

But Americans who are initially glad to hear that more ‘COVID’ relief is supposedly on its way may be surprised when they learn that the latest legislation funnels $350 billion in unneeded taxpayer money to flush the coffers of state and local governments.

In the president’s telling, this is much-needed aid that will allow municipal governments facing massive COVID-related revenue pitfalls to pay their front-line emergency responders and essential personnel. But the facts reveal a different story.

While it’s plausible on its face to think that COVID would have led to a revenue drop for state and local governments, this never materialized in most places. According to JP Morgan, state revenue was “virtually flat” in 2020 nationwide while 21 states actually saw slight revenue upticks.

Cato Institute economist Chris Edwards noted that while there was a significant downturn in state revenue in the second quarter of 2020, overall it was balanced out by an uptick in the third quarter. “There is no need for more federal aid to the states,” he concluded.

So, the $350 billion in state “aid”—which cost roughly $2,442 per federal taxpayer—Congress  just passed wasn’t actually necessary. What’s the driving motivation behind it, then? This becomes clearer when we consider which states are getting the most taxpayer cash.

Here are the 20 states receiving the most money from the latest spending legislation.

  1. California: $42.3 billion
  2. Texas: $27.3 billion
  3. New York: $23.5 billion
  4. Tribal Governments: $20 billion
  5. Florida: $17.3 billion
  6. Illinois: $13.5 billion
  7. Pennsylvania: $13.5 billion
  8. Ohio: $11 billion
  9. Michigan: $10.1 billion
  10. New Jersey: $10 billion
  11. North Carolina: $8.7 billion
  12. Georgia: $8.17 billion
  13. Massachusetts: $7.96 billion
  14. Arizona: $7.48 billion
  15. Washington: $6.94 billion
  16. Virginia: $6.68 billion
  17. Maryland: $6.21 billion
  18. Tennessee: $6.12 billion
  19. Colorado: $5.9 billion
  20. Indiana: $5.7 billion

At first glance, it’s hard to decipher a clear pattern on this list. It’s not ordered by population, otherwise Florida would be above New York and Georgia would be above New Jersey. So, how did they divvy up the money?

Curiously, the Biden administration and Democrats in Congress factored in not just population but also the number of unemployed citizens. This had the direct effect of skewing the bailout benefits toward states that enacted harsher lockdowns and punishing states who prioritized preserving economic activity.

It must be noted that the list is skewed to include more “blue” states that voted for Biden, 13, than “red” states that voted for Trump, 6. It was, in many cases, Republican governors who opted for lighter restrictions and abandoned harsh lockdowns. In states like Florida, this has averted the unemployment and social destruction other states experienced—without producing noticeably worse COVID deaths.

One could argue that perhaps focusing on the unemployment rate is meant to ensure the aid goes to the states shortest on revenue. But why not use actual revenue shortfalls, then? Indeed, California tops the list for bailout money, yet the Golden State is actually running a budget surplus!

The only conclusion left to draw, however disappointing, is that Democrats crafted this bailout’s structure to favor states who pursued the COVID-19 policies they agree with—aka, states run by Democrats. Suffice it to say that political favoritism should never determine how limited taxpayer money is spent.

But, unfortunately, cronyism and favoritism are features, not a bug, of big government spending programs. As economist Ludwig von Mises once explained, big government programs concentrate enormous spending power in the hands of a few political officials; all but ensuring that favoritism follows.

“There is no such thing as a just and fair method of exercising the tremendous power that interventionism puts into the hands of the legislature and the executive,” Mises wrote.

It’s simply naïve and ignorant of human nature to expect people—especially the kind of people who become politicians—to dole out trillions of dollars without any hint of favoritism or impropriety. So, while Americans will understandably be angered by the way Congress has carved out hundreds of billions for state governments that don’t need it, they’d be wrong to think this is a one-time mistake.

Corruption and dysfunction are baked into the cake when we entrust the government with vast economic powers.

COLUMN BY

Brad Polumbo

Brad Polumbo (@Brad_Polumbo) is a libertarian-conservative journalist and Opinion Editor at the Foundation for Economic Education.

EDITORS NOTE: This FEE column is republished with permission. ©All rights reserved.

DEMOCRAT☭ Biden admin planning BIGGEST TAX HIKE in almost 30 years

Crushing the American people. Lockdowns, job loss, isolation, suicide, metal illness, destruction of millions of small business — now this.

Biden is not legitimate.

Biden reportedly planning largest tax hike in almost 30 years

By: Phil Shiver, The Blaze, March 15, 2021

President Joe Biden is reportedly planning the largest hike in federal taxes in almost three decades to fund a long-term economic recovery program to follow in the footsteps of the recently passed $1.9 trillion stimulus package.

Unnamed sources confirmed the plans to Bloomberg News over the weekend, reportedly indicating that the major tax hike — the first since 1993 — is expected to pay for key Biden administration initiatives such as “infrastructure, climate, and expanded help for poorer Americans.”

But the sources said the planned changes are not designed to fund only the key priorities of the administration. With the tax hike, Biden’s team hopes to address what Democrats argue are “inequities in the tax system itself.” According to the Bloomberg report, the changes include:

  • Raising the corporate tax rate to 28% from 21%
  • Paring back tax preferences for so-called pass-through businesses, such as limited liability companies or partnerships
  • Raising the income tax rate on individuals earning more than $400,000
  • Expanding the estate tax’s reach
  • A higher capital gains tax rate for individuals earning at least $1 million annually
“His whole outlook has always been that Americans believe tax policy needs to be fair, and he has viewed all of his policy options through that lens,” Sarah Bianchi, a former Biden economic aide, told Bloomberg. “That is why the focus is on addressing the unequal treatment between work and wealth.”

Bloomberg cited an independent analysis of the plan conducted by the Tax Policy Center, which assessed it would raise taxes on American citizens by $2.1 trillion over 10 years. The group originally projected the plan would raise taxes by $4 trillion over a decade, but revised its forecast last November.

The plans are unsurprising coming from the Biden administration and progressive Democratic lawmakers, who have already shown a willingness to raise taxes to accomplish their policy goals. Democrats snuck $60 billion in tax hikes into the coronavirus relief bill even as the country faces continued economic difficulty as a result of the pandemic.

However, despite falling in line with Biden’s campaign promises and demands from progressive lawmakers, any major tax hikes may face an uphill battle in Congress. Tax hikes, especially if they result in a repeal of former President Trump’s 2017 tax cuts, are a non-starter for Republicans. Likewise, moderate Democrats have shown some reluctance to the idea.

Moderate Democratic Sen. Joe Manchin (W.Va.) previously told The Hill repealing Trump’s tax cuts would be a “ridiculous” idea, though he later added, “Everything’s open for discussion.”

Then last month, an anonymous Democratic House member told The Hill the government should not be raising taxes.

“People would accept the corporate tax raised a few points, but beyond that you’re going to have problems, especially in the middle of an economic crisis,” the lawmaker reportedly said.

EDITORS NOTE: This Geller Report column is republished with permission. ©All rights reserved.

Federal ‘COVID’ Spending Just Hit $41,870 Per Taxpayer. Did You See That Much in Benefit?

For the same $6 trillion in expenditure, the government could have given every federal taxpayer a $41,870 check.


President Biden just signed his sweeping $1.9 trillion spending package into law. Once this bill hits the books, total taxpayer expenditure on (ostensibly) COVID relief will hit $6 trillion—which, roughly estimated, comes out to $41,870 in spending per federal taxpayer.

Did you see anywhere near that much in benefit?

The sheer immensity of this spending is hard to grasp. For context, $6 trillion is more than one-fourth of what the US economy produces in an entire year, according to Fox Business. The COVID spending blowout is at least eight times bigger than the (inflation-adjusted) price tag of President Franklin Delano Roosevelt’s “New Deal.”

Moreover, the COVID spending bills have all lost huge sums of money to unrelated carve-outs, politician pet projects, corporate bailouts, fraud, waste, and worse.

In the latest $1.9 trillion package, more than 90 percent of the spending is not directly related to containing COVID-19. Only 1 percent of the money, about $15 to $20 billion, is spent on vaccines. Meanwhile, hundreds of billions go to bailing out poorly managed state governments’ budget holes that predate the pandemic and $86 billion rescues failing pension plans. Meanwhile, billions more go to Obamacare expansion and subsidizing public schools long after the pandemic.

And that’s just scratching the surface.

The numbers here really are quite damning.

For the same $6 trillion in expenditure, the government could have given every federal taxpayer a $41,870 check. Or, to think about it a bit differently, it could have written every American roughly an $18,181 check.

Let’s compare this to what most Americans actually received.

Only someone who fully collected expanded unemployment benefits throughout the pandemic and received all $3,200 in total of the stimulus payments likely received more than $18,181 in direct benefit from this spending package. And that’s a relatively small fraction of the public.

Because of the way the government used outdated (and arbitrary) income data to determine eligibility, many more taxpayers saw nothing or little in exchange for their $41,870 share of the cost, perhaps just the initial $1,200 stimulus or none at all. (Meanwhile, billions in checks went to dead people).

So, for almost all Americans, the actual benefits of the multiple pieces of lengthy stimulus legislation come in far, far below the figure that they would have received if the entire pile of money was just even split up and sent out.

How can that possibly be considered a success? In fact, it’s actually a net negative.

Too often, the stimulus conversation is simply framed around whether we should give money to a certain group of people or program—rather than also including the trade-offs and costs.

The question isn’t just: Should we send people $1,400 “stimulus” checks? It is, instead: Should we send people $1,400 stimulus checks at the cost of taking the equivalent amount (or more if you factor in waste) from other people? It’s not just whether we should send $350 billion to state and local governments—but should we do so at the cost of taking an average of $2,442 per federal taxpayer?

Money doesn’t grow on trees. Or, as the great economist Ludwig von Mises put it, the government “does not have the powers of the mythical Santa Claus.”

“The truth is the government cannot give if it does not take from somebody,” Mises wrote in Bureaucracy. “They cannot spend except by taking out of the pockets of some people for the benefit of others.”

The government cannot create wealth out of thin air. It can only give anyone anything via three ways:

  • Directly increasing taxes, which discourages economic growth and directly takes money away from people
  • Running up debt, which means much higher taxes in the future plus interest, creating a drag on economic growth
  • Printing money, which “stealth taxes” the public via inflation

There’s no such thing as a free lunch, and, much to the chagrin of spend-happy politicians’, Santa Claus is not real. Government spending doesn’t create wealth; it only transfers wealth, generally destroying a lot of it in the process.

So, unless Americans are actually seeing equal or greater benefit from spending compared to its cost, it’s a raw deal for taxpayers. And for the federal government’s “COVID” spending binge, it’s not even close.

Don’t believe me? Well, did you see $41,870 in benefit from these programs? Or even $18,181?

For almost everyone, the honest answer is no.

COLUMN BY

Brad Polumbo

Brad Polumbo (@Brad_Polumbo) is a libertarian-conservative journalist and Opinion Editor at the Foundation for Economic Education.

RELATED VIDEO: Dr. David Martin explains that this is not a COVID vaccine, and calling it such is a con to get people to accept it as one.

EDITORS NOTE: This FEE column is republished with permission. ©All rights reserved.