Economic Adviser Kudlow Slams Sen. Warren’s Wealth Tax
Sen. Elizabeth Warren, D-Mass., speaks at a news conference on Capitol Hill in Washington, Thursday, Feb. 4, 2021, about plans to reintroduce a resolution to call on President Joe Biden to take executive action to cancel up to $50,000 in debt for federal student loan borrowers. (AP Photo/Andrew Harnik)
Sen. Elizabeth Warren (D-Mass.) is wasting no time using her new powers as part of the Finance Committee to implement a fiscal policy she has been promising progressives for years.
In an interview on Wednesday, former White House economic adviser Larry Kudlow said raising taxes during an economic downturn would have calamitous affects on a slowly recovering economy.
The most recent report from the Bureau of Labor Statistics showed unemployment has finally stabilized at 6.7 percent and the number of people who are unemployed remained unchanged at just over 10 million.
However, Warren has promised her proposed wealth tax won’t affect “the little guy.” She has argued that no one needs a billion dollars. The Democrat has invigorated her base by spinning tales of taking away yachts and sports cars.
“And all I’m saying is for the ‘bazillionaires’ — how about we include not just the real estate, but also the stock portfolio, the diamonds, the Rembrandt and the yacht?” she asked hypothetically.
In reality, should her wealth tax go through, Warren won’t be repossessing fast cars and mega mansions. Instead, she’ll be starting a domino affect that will hit those that have been hurt the most. The tax would target people with roughly $50 million in assets and would rise for people with more than a billion dollars.
According to the Foundation for Economic Education, the wealth of the people Warren is gunning for is made up mostly of business assets or investments, which Kudlow’ called “the working person’s best friend.”
Over his 30 in the field of economics, Kudlow has referred to himself as a “Reagan supply-sider.” He naturally pointed out that by imposing policies that will target investments, the effect on all Americans will be severe.
With investments shrinking, businesses will struggle and will have to make cuts in order to stay operational either by paying fewer people or by paying everyone less. However, Warren knows this.
“You say the economy is going to recover,” she stated. “It’s going to take jobs in order for that to happen, so what I want to know is are you going to require companies that received money from this half a trillion dollar slush fund to have to keep people on payroll?”
Warren’s proposal, which is what she calls the “ultra-millionaire tax,” is eerily similar to the same one she proposed during the election before the American economy took one of the hardest hits since the Great Depression.
Kudlow wasn’t surprised by her proposal, however, he sent a warning in his finishing statement. “The far left loves this stuff…class warfare and all the rest of it,” he stated. “Guess what? It doesn’t work.”
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T he name Nkalaha is a coinage which stands for a people occupying a geographical land and regional setting in the eastern part of Nigeria. It is a coinage which attempts to explain the direction of movement and adventure of the men who founded the community in the 15th century AD. According to oral sources and some documentation about this community, some of these men were believed to have traveled from Ida, old Benue state of Nigeria to inhabit the land. These men had traveled on different days to locate the place. Onojah who originally founded the land was said to have been in a deep search for a place of safety as he was besieged by a fate that appeared to make him somewhat incompatible with his own people. Other works bothering on Nkalaha are stated below. Touch any of the topics and read them to increase your understanding of your home. Make comments where necessary. The History of Nkalaha language Myth and the Nkalaha world The negative effects of politics in Nkalah
The Mystery of Number, “Five” in the Igbo Cosmology. From: Aspects of the Ancient African Metaphysics; Chapter: Seven; Topic: Igbo Geometries and the Metaphysics of Numbers. Author: Onyeji Nnaji. I n the Igbo cosmology, the word Isee is a definite symbolic word as revealed through the Igbo language and culture. A human being has five fingers, five toes. The hands and feet are fundamentals to the survival in life as they are necessary in ensuring that man moves to places where he gets food and grapples on the food to sustain his life. To this view, the rhetoric that binds vocatives in the form of incantation (anchoring on the heart-lock: four ) and the concomitant reprisal in the manner of affirmation that holds the human life bind to his original spiritual person, therefore defining existence and essences are unified by the corresponding echo: Isee!!!!! Therefore it stands that anytime a prayer is said in the Igbo land, the attendants who would want the fulfillment of the
There are four generations…, and the fourth generation, which is the most exalted, is kingless and perfect. These people will enter the holy place of their Father and they will reside in rest … They are kings. They are the immortal within the mortal ( The Nag Hammadi, 219 ) Also read Nsukka Civilization: The Peopling of Ancient Nsukka One of the African homes that colonialism has completely deformed beyond certain level of recognition is Nsukka. Colonialism apart, the most affecting factor to the survival of the meaning which the rich cultural enclave, Nsukka, carries will best be blamed on postcolonial political structure. The biggest harm all these have against Nsukka as a people is that they rubbed her of the meaning of her name; their place of origin; how their fathers managed to come into their present abodes and who their ancestors were. A profound understanding of the excerpt above will open the door towards deciphering the meaning and origin of the people call
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