Why do people believe that taxing billionaires more is suddenly going to fix all of our problems?
In 2025, the federal government spent $1.8 TRILLION more than they made in tax revenue. If we instituted a 100% wealth tax and confiscated all the stock holdings of Elon Musk, Larry Page, Jeff Bezos, Sergey Brin, Larry Ellison, and Mark Zuckerberg you would be able to balance the budget… for one year. What are you going to do the year after that?
Assuming a 5% wealth tax per year, taxing those 6 billionaires would raise $94 billion. That means the deficit would be $1.7 trillion instead of $1.8 trillion. Meanwhile all those guys lose control of their companies. What exactly does that solve?
We can’t tax our way out of this situation. Cracking down on waste, fraud, and abuse is essential.
For my British and European friends who are "shocked" and "surprised", here are 10 reasons you didn't see this coming.
Read this short post and then read the replies from our American friends who will confirm what I'm saying.
1. Americans love their country and want it to be the best in the world. America is a nation of people who conquered a continent. They love strength. They love winning. Any leader who appeals to that has an automatic advantage.
2. Unlike Europeans, Americans have not accepted managed decline. They don't have Net Zero here, they believe in producing their own energy and making it as cheap as possible because they know that their prosperity depends on it.
3. Prices for most basic goods in the US have increased rapidly and are sky high. What the official statistics say about inflation and the reality of people's lives are not the same.
4. Unlike you, Americans do not believe in socialism. They believe in meritocracy. They don't care about the super rich being super rich because they know that they live in a country where being super rich is available to anyone with the talent and drive to make it. They don't resent success, they celebrate it.
5. Americans are the most pro-immigration people in the world. Read that again. Seriously, read it again. Americans love an immigrant success story. They want more talented immigrants to come to America. But they refuse to accept people coming illegally. They believe in having a border.
6. Americans are sensitive about racial issues and their country's imperfect history. They believe that those who are disadvantaged by the circumstances of their birth should be given the opportunity to succeed. What they reject, however, is the idea that in order to address the errors of the past new errors must be made. DEI is racist. They know it and they reject it precisely because they are not racist.
7. Americans are the most philosemitic nation on earth. October 7 and the pro-Hamas left's reaction shocked them to their very core because, among other things, they remember what 9/11 was like and they know jihad when they see it.
8. Americans are extremely practical people. They care about what works, not what sounds good. In Europe, we produce great writers and intellectuals. In America they produce (and attract) great engineers, businessmen and investors. Because of this, they care less about Trump's rhetoric than you do and more about his policies than you do.
9. Americans are deeply optimistic people. They hate negativity. The woke view of American history as a series of evils for which they must eternally apologise is utterly abhorrent to them. They believe in moving forward together, not endlessly obsessing about the past.
10. America is a country whose founding story is one of resistance to government overreach. They loathe unnecessary restrictions, regulations and control. They understand that freedom comes with the price of self-reliance and they pay it gladly.
The Democrats, who claim to be all about health care have stood by watching other countries ban these poisons that make our kids sick. Enough is enough. President Trump and I are going to stop the mass poisoning of American children.
This is so disheartening.
The FAA slow rolls SpaceX approvals to launch Starship while the FCC fast tracks change of control of media partially into foreign hands right before an election.
Can’t the greatest country in the world do better than this?
As Biden proposes unprecedented new taxes, it’s worth asking: what do we get for all this money?
Secure borders? No
Safe streets? No
Excellent schools? No
Paying down the debt? No
Just endless wars and money for client regimes which kick back some of it to politicians’ kids.
Activision pushing water bongs, marijuana, ‘Get High’ levels, drugs, and $100 camos on gamers…
…but they remove Nickmercs skin for him saying ‘leave the kids alone’.
Activision is ran by a bunch of idiots.
Biggest suit and tie phonies in the industry.
4/ Now the important part.
To lead by example on PROTECTING USERS, Binance will let this go and ask the Terra project team to compensate the retails users first, Binance last, if ever.
Binance (after a 5 min discussion) fully support this proposal. 👇
https://t.co/QnMx8aZ09A