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Saturday, November 06, 2021

Biden’s ‘Build Back Better’ tax and spend dream is being whittled down

In the span of just eight months since January 20, President Joe Biden has given us the border crisis, the Afghanistan debacle, the issues with China and Russia and North Korea, a broken supply chain, ridiculously high gas prices, and staggering inflation throughout the economy. 

That works out to nearly one catastrophe for each month. Some are wondering if America will be able to survive another three-plus years of Biden rule.

If many of the desired elements in Biden’s “Build Back Better” agenda are approved, the answer to that is: America will be moving even farther from the country our Founders designed.

Some of the things in that agenda are not legitimate roles for the government of a democratic republic that was founded on the principal of individual, God-given freedoms. They are wrong for a nation which was created by its individual states, and that gave themselves a degree of independence from the federal government. They are wrong for a nation with a government of limited authority.

Our system of government purposefully gave us the ability to follow our desires for how to make a good life for ourselves, and not be dependent upon the government to take care of us from cradle to grave.

If you want to ply a particular trade, participate in a particular profession, start a business, or work in some other way to build your life so that you support yourself and perhaps a family, or just live independently, go for it. You may succeed, or you may not. If not, you are free to try something else.

Eventually you may make a decent living, a pretty good living, or become wealthy. What you choose to do is up to you. It is not the government’s place to tell you what you can or cannot do, beyond some common-sense laws, or to take care of you if you decide you don’t want to try anymore. And in the case of some who have bad luck and are unable to support themselves, the most generous people in the world — the American people — will most likely help you when you need it.

Yes, it is true that through the decades our government has grown well beyond its desired size, costs far too much, goes well beyond its designed restrictions, and interferes in our lives more than it was designed to do. That is not good. But it can be corrected.

Instead, the left in America is working overtime, not at trying to make their individual lives better, but to make our government even larger, more expensive and more controlling.

Some of the things President Biden and the Democrats, who still hold tenuous control of the government, want to do are simply improper. Such things as paying for child care, “free” community college, $450 billion for government-run preschools, are not the proper role of our government.

Some other things, such as amnesty for more than 8 million illegals, complete with payments of $450,000 for some; doubling the size of the IRS to monitor bank accounts of citizens; and spending $3.5 billion for a “Civilian Climate Corps” of Climate Change activists, are not good for the country, or our freedoms.

As Congress struggles to get support to pass Biden’s “Build Back Better” agenda, the monstrous $3.5 trillion, 2,465-page tax and spend leftist dream is being whittled down. Even though it now spends less money and uses less paper, it is still way too expensive and much too heavy. And Biden’s tax and spend agenda is still a disaster.

One really goofy idea for funding some of the multi-trillion-dollar spending plan is a tax on the “unrealized capital gains” of anyone who makes more than $100 million a year, or whose worth is at least $1 billion. This idea is likely unconstitutional. But if not, it most certainly is an oxymoron. 

A capital gain is the profit you make when you sell an investment asset for more than you paid for it. If you buy an asset for $1,000 and sell it for $5,000, you would pay tax on the additional $4,000. But this weird tax idea would be applied to the increased value of the asset before it has been sold.

If the asset later lost some or all of its gain, would the government return the taxed amount? Nope. This concept beautifully illustrates the twisted understanding many liberals/socialists have for economics.  

The left is determined to transform our nation of maximum individual freedom and world-leading prosperity into a government-run nation like Cuba and Venezuela, and all the others that have failed.

And some of our citizens, who have never seen worse times than these pretty good times of the 21st century, do not understand how things have improved through time in America, and how good of a country they have been blessed to live in. They don’t understand that America’s poor are so much better off than those that live in the poorest nations. 

They are eager to see the left succeed, believing that socialism — and ultimately communism — will make things better for us. It won’t. Let’s hope this effort fails.

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