How Kamala Harris’s $4 Trillion Tax Plan Will DESTROY The Economy

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  • Опубликовано: 11 ноя 2024

Комментарии • 6 тыс.

  • @AustinMathias
    @AustinMathias Месяц назад +790

    Taxing unrealized capital gains is insanity. They are called unrealized gains for a reason! It's so important for everyone to go vote!

    • @garyjohnstone6422
      @garyjohnstone6422 Месяц назад +33

      tax unearned income too

    • @allannielsen9554
      @allannielsen9554 Месяц назад

      So you don't have the money?
      You can buy Twitter with loans by providing security with stocks in Tesla - non existing untaxed money - you don't want to sell due to taxation.
      No wonder why they are billionaires.

    • @_AndromedaGalaxy_
      @_AndromedaGalaxy_ Месяц назад +34

      It's theft like the world has never seen before. It's absolute insanity. It's all a part of their great plan, you'll own nothing and be happy. Ya happy I don't have to pay what I don't have because I own nothing.

    • @allannielsen9554
      @allannielsen9554 Месяц назад

      ​@@garyjohnstone6422😄 Who "lost" those gains? Nobody, because they don't exist.. It's imaginairy money on a computer screen - but it makes you able to live a powerful and wealthy life. But you can "buy" twitter even without taking a nickle out of your "tremendous" fat pockets "as never seen before" 😏

    • @jfarrell9915
      @jfarrell9915 Месяц назад

      @@_AndromedaGalaxy_ gawd elp me from the tax shy rich bleating...........

  • @brianoconner3090
    @brianoconner3090 Месяц назад +3284

    That what happens when a politician, who has no background in economics and finance, runs a country like a clown.

    • @mjov6655
      @mjov6655 Месяц назад +180

      Come on now! She was raised as middle class and her neighbor was a small business owner. Tons of experience!

    • @Avtomat4774
      @Avtomat4774 Месяц назад +16

      @@brianoconner3090 Atlas is gonna shrug SO hard if this ever gets out into action.

    • @alirezaabbasibizzareadvent3169
      @alirezaabbasibizzareadvent3169 Месяц назад +58

      That's why people are calling her Marxist

    • @dreb222
      @dreb222 Месяц назад

      @@alirezaabbasibizzareadvent3169people are calling her that because it’s true if you look up who her dad is, what he studied, and when you actually pay attention to what she aligns to.

    • @RichardYu1983
      @RichardYu1983 Месяц назад +45

      @@mjov6655 Don't forget she also took care of her lawn.

  • @sacaroni741
    @sacaroni741 Месяц назад +240

    Thank you for educating the blind public! I try to everyday but we need big numbers from ppl like you to voice the truths! God Bless and thank you!

    • @durwardmedlin810
      @durwardmedlin810 16 дней назад +2

      The problem is the blind public will never watch this

    • @ponyboyx2688
      @ponyboyx2688 14 дней назад

      ruclips.net/video/s8qdNonsfWg/видео.htmlsi=u3BcJ1Pg4Rqe6uMh

  • @danmichelucci
    @danmichelucci Месяц назад +1501

    That Tax Plan is really scary, I assure you 95% of the Kamala’s voters are not aware about the risks that plan imposes if implemented, short/mid and long term. As a Legal immigrant coming from a Socialist high tax country (Brazil) I have to say, that can be the beginning of the end of this great country. Next step would be to grow the government exponentially, making everything worse. I am here for 5 years and I am watching it closely, I have to say that I am SUPER concerned and even thinking about a plan B for my family already. God bless this country.

    • @kesun32145
      @kesun32145 Месяц назад

      They cheated the election in 2020 and installed a demented vegetable that couldn’t even last 3.5 years. I am scared what’s stopping them from cheating the 2024 election and imposing all their communist policies on innocent Americans.

    • @jackhammer2671
      @jackhammer2671 Месяц назад +35

      Totally agree.

    • @stephenhan9680
      @stephenhan9680 Месяц назад

      Kamala voters are too busy decorating pride flag and coming up with new pronouns. Economy’s the last thing on their minds.

    • @Soldier_Sean
      @Soldier_Sean Месяц назад

      95% of kamala voters dont even exist

    • @blankcanvas4609
      @blankcanvas4609 Месяц назад

      Relax America will be fine. You guys literally print the dollar while the rest of the world scrambles for it. Even if it fails. America will be fine.

  • @Tenjac
    @Tenjac Месяц назад +787

    Yeah, I'm a tax pro with an economics degree. This is utter insanity. If you were trying to come up with a way to destroy the economy you couldn't come up with a better way.

    • @denisesorchidparadise1411
      @denisesorchidparadise1411 Месяц назад +49

      it's all part of their plan!

    • @sevensages5279
      @sevensages5279 Месяц назад +7

      Currently there are more 401k millionaires than ever before , Mr. tax man!!!
      I'd say that's quite a good thing , no?????

    • @jadl3278
      @jadl3278 Месяц назад +8

      Yep just dumb people in power wanting a short high.

    • @saintbees2088
      @saintbees2088 Месяц назад +8

      Another CPA, I, agree with you.

    • @alexfleming6304
      @alexfleming6304 Месяц назад +18

      She no tax expert. Someone hands her the Plans and she goes along with it.

  • @Kzn4576-i3c
    @Kzn4576-i3c Месяц назад +237

    How do you tax unrealized capital gains??? That's pure wickedness.

    • @edenterra870
      @edenterra870 Месяц назад

      A new sophisticated way Communists have now to steal everything you have worked so hard during your life without being confiscated.

    • @rongendron8705
      @rongendron8705 Месяц назад +12

      And how do you claim a tax credit, if the stocks lose value in the next year?

    • @michaelfranks341
      @michaelfranks341 Месяц назад +9

      ​@@rongendron8705you wont be able too. Probably only goes one way

    • @sevensages5279
      @sevensages5279 Месяц назад +1

      People worrying about others' problems 😂😂😂
      When you have a net worth of at least $100 m, then you can worry!

    • @Julia29853
      @Julia29853 Месяц назад +9

      People would have to sell off stock or as he said massive layoffs and selling off chunks of companies. It was cause a huge stock market crash and a worse depression than the 1930s. Our country would be finished off.

  • @AK-th1jx
    @AK-th1jx Месяц назад +11

    Thank you for the explanation. Makes sense! I have gained more knowledge about politics, economy and finance from your YT channel than during my 5 yrs at the university! Truly appreciate your and your team efforts to educate people on what’s really going on. Big fan of yours ❤ greetings from UAE 🇦🇪

    • @doggietreats67
      @doggietreats67 Месяц назад

      You realize the unrealized gains on tax only apply to people with a new worth over a $100 million?

    • @dynomiteadventures3161
      @dynomiteadventures3161 8 дней назад

      ​@@doggietreats67 I think you missed the point of don't understand what he's saying. All those companies making 100m or more who a lot of people work for will be closing or laying off workers. It's called cut backs and unless you have been hiding in a basement you have noticed a lot of companies filing bankruptcy and or closing branches or shutting down completely. Push that rock off of ya and see that giving the current VP a promotion is a very bad move for America. Understand that no one voted her in as a nominee. The president was forced out and her appointed. Dems been selling snake oil for years maybe you're buying, but I'm not.

  • @Patriciacraig599
    @Patriciacraig599 Месяц назад +1105

    The average person has never been so poor. Millions of families are struggling financially as living expenses hit the highest levels in more than four decades. Over 60% of our country lives paycheck to paycheck and about 40% earns poverty wages. Even after working all their lives, more than a quarter of older people have no savings and many believe they will never be able to retire in dignity, while around 55% of elderly people try to survive on an income of less than 25,000 a year.

    • @dawsondanny990
      @dawsondanny990 Месяц назад

      Biden is worst thing that happened to us

    • @rannyorton
      @rannyorton Месяц назад +35

      TRUMP 2024

    • @tradekings5433
      @tradekings5433 Месяц назад +8

      Given the prevailing market conditions and the potential risks associated with the current economy, I would recommend refraining from investing in stocks for now. Instead, it would be prudent to consider retaining a portion of your assets in gold. Alternatively, seeking advice from a financial advisor could provide valuable guidance in this matter

    • @rannyorton
      @rannyorton Месяц назад +3

      Fantastic! Can you share more details?

    • @tradekings5433
      @tradekings5433 Месяц назад +4

      I was guided tho..Julia Hope Marble. walked me through the ropes majestically i'ts my ultimate pleasure.

  • @luizfigobr
    @luizfigobr Месяц назад +169

    That's happening in Brasil. Taxes and more taxes to pay for the absurd government spending. And companies are going broke.

    • @EdidiongFrank
      @EdidiongFrank Месяц назад +3

      So it's not only in Nigeria 😊

    • @Lightning613
      @Lightning613 Месяц назад +1

      Ditto for KommieFornia.

    • @Irvfam
      @Irvfam Месяц назад +6

      I was in Brazil and I noticed that most airports are stuck in the 70’S
      It looked like the government doesn’t make any infrastructure improvements. Brazilians are so involved in fitness and how they look and how they present themselves to others.

    • @mikasd9
      @mikasd9 Месяц назад +2

      @@Irvfam Brazil has huge potential to be an amazing thriving economy with high standard of living but the socialist gov there absolutely ruins it

    • @gabrielpedneault6293
      @gabrielpedneault6293 Месяц назад

      Same in Canada, I barely make 6 figs and I am taxed 47% on my income, then there's municipal tax and tax on consumption. In total I'm taxed way over 50% and I can't have access to a doctor I need to go private. Roads and infrastructures are a fucking failure it takes me on average 1h30 to get to work because it's all falling appart/ not able to sustain the constant stress from mass immigration. They just added a tax on fossil fuels which also inflated the cost of everything therefore increase revenu from other taxes. Canada is a perfect exemple a failure of a big government ran by absolute sellout morons.

  • @RoddNTune619
    @RoddNTune619 Месяц назад +295

    That’s what happens when the ppl give all the power to the government 🤷🏾‍♂️

    • @prodbyelk9647
      @prodbyelk9647 Месяц назад +4

      Dumb take

    • @Soldier_Sean
      @Soldier_Sean Месяц назад

      Thats what happens when the e leet infiltrate the government

    • @FactsMatter999
      @FactsMatter999 Месяц назад +12

      Both government and also people can have crazy ideas …People and government have to work in unison …neither can have total power to control everything. Just think of it as a husband and wife. They are supposed to compliment each other not take advantage of each other. Giving handouts to people without them doing nothing to earn it is bad and also taxing people into oblivion is equally bad

    • @novazz5111
      @novazz5111 Месяц назад +5

      ​@@FactsMatter999 Yea too much for the people will basically lead to the thing you are trying to avoid in the first place, for example a company owning everything basically a government

    • @FactsMatter999
      @FactsMatter999 Месяц назад +7

      @@novazz5111 this is why even in the Bible you couldn’t be a king and a high priest at the same time. If you are a king with the power to call yourself a high priest then you could easily declare yourself God and make everyone worship you. If you were a priest that can also be a king (a pope) then you get the inquisition …both are equally disastrous. There needs to be a balance of power in all aspects of human life. When a business has all the power you get Ticket Master who can legally ab$ use at will both the artist and the fan base without any repercussions

  • @jimknowles5483
    @jimknowles5483 Месяц назад +7

    Pat…….you are the best!!
    Thank you for coming to America…..!!

  • @doodlethebeagle2078
    @doodlethebeagle2078 Месяц назад +746

    It's the wasteful spending, not the taxes. $42 Billion on "broadband internet" & little/no progress. Press F

    • @thepain321
      @thepain321 Месяц назад +30

      Wasteful spending, inefficiency… taking the smallest wages for income tax. Just to have a big agency of people shuffle paperwork to get it back. Giving large city contracts to companies that inflate cost on the public for personal gain. The owner of a local company took half, the rest covered the materials and laborers. Basically 100% inflation on the cost that would be better divided to all the workers not given half to one person for essentially nothing but landing the contract for work.

    • @wm_9640
      @wm_9640 Месяц назад

      They use our tax dollars to fund the Ukrainian war. Whoever supports this is an enemy to people that want to live a normal, peaceful life.

    • @2seep
      @2seep Месяц назад +42

      It’s called corruption and pocketing money

    • @rh7163
      @rh7163 Месяц назад +1

      Recall the top 1 percent ? Well think hard because it may come with the next 2 percent if Trump gets enough donations and a pardon or two.

    • @lucanidae100
      @lucanidae100 Месяц назад +2

      F

  • @eddiegolf
    @eddiegolf Месяц назад +99

    All those taxes won't even last a year.
    Time to get rid of 75% of the spending not more taxes.

    • @brandonpurdy7658
      @brandonpurdy7658 Месяц назад

      Tell that to Donald who exploded the deficit.

    • @memesbyme710
      @memesbyme710 Месяц назад

      That requires getting rid of seventy five percent of our government

    • @JM-kp1bo
      @JM-kp1bo Месяц назад +3

      @@memesbyme710ok most of them aren’t doing anything anyways

    • @leonardspencer6342
      @leonardspencer6342 3 дня назад

      Cutting 75% sounds bold-until you realize that means gutting healthcare, roads, and schools. Taxing the ultra-wealthy keeps essentials running without overburdening everyone else. It’s about balance, not 'bleeding the rich.

  • @richardb7851
    @richardb7851 Месяц назад +130

    Make 100 videos on this please.
    We need to educate America on this!

    • @seachel24
      @seachel24 Месяц назад +2

      100% agree , WOW we all need to get more educated like this to make informed decisions and Vote for true prosperity and health (on every level) ✨️ 🙏 🇺🇸 🕊

  • @matiasdubs
    @matiasdubs 25 дней назад +3

    Love it when PBD gets pissed. Still explains things simply and logically.👊🏻

  • @californiacavemandastardly6538
    @californiacavemandastardly6538 Месяц назад +163

    I have a family member who works for the government, and said they will vote for whoever raises their salary. We as a country need to shrink our government.

    • @DR-yl5sp
      @DR-yl5sp Месяц назад

      The amount of people sucking on the tit of government is disgusting! Our government is bloated and corrupt. We need to take the power back and vote for politicians who will shrink our government and disband our wasteful government institutions!

    • @30dayride67
      @30dayride67 Месяц назад

      Unfortunately, that's the way a lot of Americans think these days. It's a narcissistic view with no consideration for the good of the country and they don't even realize that if the country fails they'll go down with the ship. Stupidity and greed are not a good combination.

    • @skippylippy547
      @skippylippy547 Месяц назад +3

      Great point!

    • @sevensages5279
      @sevensages5279 Месяц назад +3

      @californiacavemandastardly6538 don't most people vote for their own best interest???

    • @manpreet9766
      @manpreet9766 Месяц назад +2

      ​@@sevensages5279no only people in 3rd world countries

  • @TheMusicscotty
    @TheMusicscotty Месяц назад +2324

    Single biggest reason NOT to vote Harris

    • @johns7530
      @johns7530 Месяц назад

      The border is way worse than this. There are many reasons not to vote for her, the tax plan is not tops on the list by a long shot, even if it is bad.

    • @Redsundog
      @Redsundog Месяц назад +4

      It would probably help cool off this crazy market so who knows. Can't say anyone I know is to worried

    • @pook4rmdaboot
      @pook4rmdaboot Месяц назад

      Trump plan would definitely hurt us with his big rich tax breaks

    • @SurLaMer_
      @SurLaMer_ Месяц назад +51

      ​@@Redsundog
      Cool off the market?
      That's putting it mildly😂

    • @rh7163
      @rh7163 Месяц назад

      The single biggest reason begins with her continued unconditional support of a war criminal but then Trump will double down on that.

  • @gregoryguerrier963
    @gregoryguerrier963 Месяц назад +334

    This entire segment should be broadcasted on every major news network in the world.

    • @spacewalktraveller1
      @spacewalktraveller1 Месяц назад

      Do you actually think those loony left media outlets would actually tell the truth and facts?

    • @gz2024-zaz
      @gz2024-zaz Месяц назад

      Mainstream media protects Harris. They don’t tell the truth and certainly will not talk about it. It is completely disgusting.
      Trump / Vance 2024!

    • @OrcishSouljah
      @OrcishSouljah Месяц назад +7

      But it aint... because theyre all part of the system that want to stay on top and you stay on the bottom playing the "yes sir" game

    • @adriaannobrega1379
      @adriaannobrega1379 Месяц назад +1

      This world is just not the way i expected it to be when i was younger. Just a shame that we can be living a lot more stress free but those people are just messig with the system and putting us to struggle for their evil intentions. I hopi after this life if there is something else, it is just a happy and joyful place. And im not even living on America but so far im concerned, this situation is serious. 😢

    • @thisworldhasgonemad
      @thisworldhasgonemad Месяц назад +1

      They aren't talking about it on purpose

  • @Definingpureness567
    @Definingpureness567 22 дня назад +3

    This channel is real petriot of USA . Always bring truth bravery 👍

  • @queenbee4637
    @queenbee4637 Месяц назад +120

    Many ppl thinks that business owner doesn't pay any taxes. Not true..i am a business owner and I pay my fair share of taxes and I have 8 employees that has stable income and not living on the street. It's not the business that is the problem, is our crooked gov.

    • @perfectstorm5742
      @perfectstorm5742 Месяц назад

      Exactly! They wanna make the rich seem like the bad guy when they all got a different agenda, why “ Punish” the rich for making their living?

    • @winnb4968
      @winnb4968 Месяц назад

      The future problems that our corrupt government will do is to limit us from getting rich.
      They're the top 1% of the 1% and wants everybody else poor so that they've no competition.
      All of them are working together and the perfect example for this is Blackrock/Vanguard.
      Who basically owns half of the world's biggest companies already it's their monopoly game.
      If you come with the cure to cancer with some new technology they're the ones
      who will buy you out and only keep for themselves meanwhile let the world suffer.
      Only they get the best care of everything as they've created the difference between
      rich vs poor by stealing from others in this case the majority of all who pays taxes..
      Like Patrick said they can say they want to build a new power plant it's gonna cost
      and everyone is automatically paying through tax system money including funding wars.
      By wars I mean war in Ukraine it's them against Russia, China who they are against.
      Trump has to win or there will be civil wars and war will be all over Europe!

    • @zaytovengg
      @zaytovengg Месяц назад +3

      Also a lot of people don’t understand the expenses on running a business either I’m scared for this to be a way of life legit might leave if it becomes reality

    • @yodeling-
      @yodeling- Месяц назад

      I heard that business owners also get taxed on furniture in their establishment, is that true?

    • @debscheider8520
      @debscheider8520 Месяц назад

      ​@@yodeling-yes, annual business property tax. Your
      Business furniture, equipment etc. Taxed every year over and over.

  • @theman6910
    @theman6910 Месяц назад +809

    Its like when Michelle Obama and Oprah Winfrey gave us lectures about how the rich are not paying their fair share... let that sink in...

    • @jackhammer2671
      @jackhammer2671 Месяц назад +42

      The sad and scary part of that is that there are many people out there that swallowed that BS...can't believe how ignorant people can be.

    • @carlh-thehermitwithwi-fi679
      @carlh-thehermitwithwi-fi679 Месяц назад +24

      same as we have to reduce our "carbon footprint"..who got here to tell us in private jets adn limos.

    • @keystorm8598
      @keystorm8598 Месяц назад +18

      I mean trump only paid around $700 in taxes. But he a millionaire. Sooooo

    • @henk3202
      @henk3202 Месяц назад

      😂 camel eye of the needle than rich..heaven. is true but still kamala will destroy the economy. And the extra money wouldn't be spend the national debt. If the government was debt free 9 years x 4 is 36 trillion they could spent more in the 10th year without the enormous interest on debt.

    • @DBailey94
      @DBailey94 Месяц назад +17

      ​@@keystorm8598I'd love to see a source for that. Lets get Bidens, Kamalas, and Killary's as well. thats called knowing how to file your taxes effectively and using the tax breaks.

  • @robertg7974
    @robertg7974 Месяц назад +55

    The real gut punch is the fact that this would be ANNUALLY!

    • @ridog00
      @ridog00 Месяц назад +1

      Camala should really have a rally the Butlers Farm Show Grounds in Pennsylvania! I’d really wanna see a Pt.2! 🤣

  • @peterbryant1408
    @peterbryant1408 Месяц назад +3

    Loved your fast-paced facts.
    Well put together!

  • @Scg1337
    @Scg1337 Месяц назад +102

    The absurd part is when you realize that this 'huge' increase in tax revenue, that is detrimental to the economy, is spent by the government within days.
    Every, single, budget is balanced. It is either paid by taxes, or by devaluation of the national currency (from a consumer's point of view: as inflation).
    Government Spending is the issue. Full stop.

    • @garyjohnstone6422
      @garyjohnstone6422 Месяц назад

      sack half and double productivity

    • @anthonyc1629
      @anthonyc1629 Месяц назад

      The best case scenario is that enough money is raised to fund the federal government for 3 days. That's it.

  • @kenW13
    @kenW13 Месяц назад +70

    An ‘Opportunity economy’ for e’legal immigrants.

    • @SamuelClemente7718
      @SamuelClemente7718 Месяц назад +1

      SWEET 😈😈😈😈

    • @uclassc
      @uclassc Месяц назад

      I wonder where all these elites are planning to move to once they destroy everything

  • @lyp7777
    @lyp7777 Месяц назад +190

    People should be demanding NO more federal income tax for ALL. TAXATION IS THEFT.

    • @brandonpurdy7658
      @brandonpurdy7658 Месяц назад +2

      We better not catch you on the interstate.

    • @charleslavoie5402
      @charleslavoie5402 Месяц назад

      What are you going to do? Give us a tampon?

    • @markdevries2961
      @markdevries2961 Месяц назад

      @@brandonpurdy7658yeah our poor, starving government couldn’t possibly afford to build roads without income tax 🤡

    • @rongendron8705
      @rongendron8705 Месяц назад +15

      Realistically, we have to pay taxes! It's just that citizens should have a better say
      on how their taxes are spent!

    • @LG-tw5vm
      @LG-tw5vm Месяц назад +20

      ​@brandonpurdy7658 As long as the money is going to pay for the interstate rather than Ukraine.

  • @rilwanj
    @rilwanj Месяц назад +14

    9:43 problem is both sides are bad, government can’t be trusted but corporations band together to stop small businesses and startups from competing.
    If there was program (that shared a chunk of tax dollars) that was outside of the control of government and corporations to help start new businesses, maybe we’d be able to benefit all parties.

  • @ybdap7
    @ybdap7 Месяц назад +629

    The answer is not more taxes, its less tax and less government. People are crazy

    • @ronniekregar3482
      @ronniekregar3482 Месяц назад

      Lol, that exact mindset is the reason Republicans F everything up every time they're in power

    • @rhondayork-xl5gv
      @rhondayork-xl5gv Месяц назад +12

      exactly...if Goldman Sachs supports Harris and her plan, that should be reason enough to vote against her...

    • @venicebeachsportsnetwork6677
      @venicebeachsportsnetwork6677 Месяц назад +13

      Cause cutting taxes for the rich people is good for the poor 😂

    • @JRBetley32
      @JRBetley32 Месяц назад +14

      Our government is so bloated with useless spending and useless positions. The federal government is the biggest corporation with over 3 million employees. We need to cut back on federal spending and government jobs.

    • @TomAnderson_81
      @TomAnderson_81 Месяц назад

      @@venicebeachsportsnetwork6677
      Cut or raise, what really matter is what the gov does with the money. They are wasting it especially with the free stuff for illegals and wars. Democrats are about more and more gov and spending so is that what you advocate for?

  • @Thepippinator2
    @Thepippinator2 Месяц назад +232

    It took me over 3 years to get a simple overpayment refund from the IRS.
    Imagine paying unrealized gains, then taking a huge loss and then trying to get your money back from the government. GOOD FUCKING LUCK!

    • @WayneWieszczyk
      @WayneWieszczyk Месяц назад

      @@Thepippinator2 that is so true...dangerous territory to take money that you may have to give back later...good luck to the American people if Harris wins

    • @ztuner7765
      @ztuner7765 Месяц назад +3

      and it took me 10 days. So there is that...

    • @Thepippinator2
      @Thepippinator2 Месяц назад

      @@ztuner7765 Have you ever received and/or responded to a CP2000 before?

    • @taylor15589
      @taylor15589 Месяц назад +2

      That’s why I’m so confused about how this plan would even work??? 🤔

    • @Brea890
      @Brea890 Месяц назад +3

      @@taylor15589I agree! It would be chaos!

  • @ACIDICcitric
    @ACIDICcitric Месяц назад +382

    Taxing unrealized gains is absurd. Imagine you plant 10 acres of corn, and halfway through the season, the government demands the yield from 4 acres. If a blight then wipes out 7 acres by August, the government still expects that yield, regardless of your loss. They would take from the 3 acres left and might even seize more land to cover the shortfall “you will own nothing and will be happy”

    • @rsmith8859
      @rsmith8859 Месяц назад +6

      Wow. Not good

    • @Alexandria-hq1uy
      @Alexandria-hq1uy Месяц назад +4

      That’s not how it works but ok

    • @MichaelScarchilli-M4Marketing
      @MichaelScarchilli-M4Marketing Месяц назад +25

      ​@@Alexandria-hq1uyplease explain then 😉

    • @stevefisher962
      @stevefisher962 Месяц назад +24

      ​@@Alexandria-hq1uyWell tell us how it works then😂

    • @Jay-bp1yx
      @Jay-bp1yx Месяц назад +45

      @@stevefisher962C’mon give the Liberal a break, they’re still trying to figure out what woman is

  • @henryb.creative
    @henryb.creative Месяц назад +2

    ABSOLUTELY PERFECT WAY YOU HAVE EXPLAINED THIS! Thank you 👍🏾

  • @Tjmont
    @Tjmont Месяц назад +46

    Pat you need to run a $1000 a day ad to this video between now and November so people actually see this and hopefully see sense.

  • @LaillaBelgrade
    @LaillaBelgrade Месяц назад +338

    I hope we all know that it doesn't matter who is in the 'top job' because this is a systemic problem -- greed. We have allowed many of our economic sectors, to take advantage of the American people. It's disgusting and frightening for the future of our country. My husband and I will be retiring in the next two years n another country. We are absolutely worried that SSI will no longer be funded. we'll have to rely on his pension, a 403 (b) and a very prolific lnvestment account with my Abby Joseph Cohen my FA. Our national debt is bloating and expanding every month. Our government needs to get spending under control and cut the federal budget.

    • @LaillaBelgrade
      @LaillaBelgrade Месяц назад +2

      ​@EdenaCrisiWell her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

    • @LaillaBelgrade
      @LaillaBelgrade Месяц назад

      ​@AllenDoltI have a sister in Sri Lanka, should be easy for me to settle in

    • @JulioMangru
      @JulioMangru Месяц назад +1

      I keep tellng my wife there is no difference between the parties. Each one gets to promote its corporate sponsors during their time in power.

    • @KhristyDrysdale
      @KhristyDrysdale Месяц назад

      ​@@LaillaBelgradeThank you for this tip. I just looked the name up, wrote to her through her webpage and booked a session..

    • @EnaEnrriques
      @EnaEnrriques Месяц назад

      ​@MammeMassaertyou are completely clueless as to what the American Dream actually is. Its not a promise of material things if you work a 9 to 5. Nosir... its the promise of opportunity for hard working and innovative folks, regardless of who they are, where they come from and what class they were born in to. THAT is the American Dream. Opportunity for all... and its still available today.

  • @EasyED1992
    @EasyED1992 Месяц назад +54

    What's scary is there's people that will still want her to be president....

    • @qdontae6
      @qdontae6 Месяц назад +5

      Exactly even with all the proof in their faces they still won’t listen

    • @adramelek1000
      @adramelek1000 Месяц назад

      There is so much proof that she lies and it has been forced down thier throats and all they do is puke them up and say no she is not telling lies.
      Then there are people like this rapper who just flat out said he does not k ow any of her policies and is only voting for her because she is black

    • @Sgt_Turkigreyvi
      @Sgt_Turkigreyvi Месяц назад

      They're voting for her just because they hate Trump more. They don't care about her policies. They just don't want Trump to win. No matter the cost. I don't like Trump personally but at least he won't destroy the economy.

    • @dakotasan8719
      @dakotasan8719 Месяц назад

      Oh yeah, they literally can’t stop jerking her ego on Reddit. Even in nonpolitical subs

    • @crashdsnowman1
      @crashdsnowman1 Месяц назад

      still IGNORANT people who will vote for her.

  • @dr3ams00
    @dr3ams00 24 дня назад +1

    Explained all that like a boss and was not confused even once

  • @witteegameapps7031
    @witteegameapps7031 Месяц назад +133

    There's a flaw in taxing unrealized gains, say I own stocks for ABC.
    I have $100M in unrealized gains for 2023.
    Then in 2024, ABC's stocks went down so now ABC is $50M. So I'm -$50M.
    So will the government owe me -$50M in taxes I paid last year?
    No. They won't. They like to take, not give.

    • @kingiam9271
      @kingiam9271 Месяц назад +2

      You would have paid 25 mil out of the 100 mil. And I'm pretty sure that's still not an accurate number 🤦

    • @aKiSeraphic
      @aKiSeraphic Месяц назад +20

      Imagine taxing something that you didn’t sell 😂
      This is a joke.

    • @VeganDeterioration
      @VeganDeterioration Месяц назад +5

      and if it goes back up again would you have to pay the unrealized tax again?

    • @michaelking5490
      @michaelking5490 Месяц назад +1

      Bingo

    • @ParadoxISPower
      @ParadoxISPower Месяц назад

      Nope you would owe another $50M thats how communism works.

  • @Dallas420-on6ii
    @Dallas420-on6ii Месяц назад +214

    We do not have a revenue problem. We have a spending problem.

    • @tkkirkland3971
      @tkkirkland3971 Месяц назад +16

      No we have a Democrat problem

    • @SwaySzn
      @SwaySzn Месяц назад +5

      Everyone saying their broke but how many new cars do you see driving down the road.

    • @zenlandzipline
      @zenlandzipline Месяц назад +11

      @@SwaySznthat’s why they’re broke. Irresponsible spending.

    • @zenlandzipline
      @zenlandzipline Месяц назад

      Trump got us 8 trillion more in the hole. Thats almost twice as much as Obama in one of his terms.

    • @Infectd
      @Infectd Месяц назад

      This

  • @Sugarsugar-24
    @Sugarsugar-24 Месяц назад +289

    Stop the insanity! Vote Trump 2024!❤️🇺🇸

    • @sevensages5279
      @sevensages5279 Месяц назад +8

      Trump is THE
      insanity
      😂😂😂

    • @communismisgarbage
      @communismisgarbage Месяц назад

      ​@@sevensages5279cackala is psychotic.

    • @hometowncook6970
      @hometowncook6970 Месяц назад

      only a fool would vote for Trump......I don't like Harris, but she's better than trump.....I repeat, only a fool would vote for trump

    • @fugoogle5345
      @fugoogle5345 Месяц назад +1

      ​@@sevensages5279he's the Insanity you need without ALL the stupidity you've been getting the last 3.5.yrs

    • @MakeMeLo
      @MakeMeLo Месяц назад +2

      Absolutely ❤❤❤❤❤

  • @limonadetv5848
    @limonadetv5848 3 дня назад

    I love your educationals videos i learn a lot from them 💪

  • @otisadonisbeats
    @otisadonisbeats Месяц назад +21

    This is what South Africa is going through as well. Tax is way too high and everyone is affected! 💔

  • @wildalpinedesign
    @wildalpinedesign Месяц назад +59

    Absolute insanity

    • @Lightning613
      @Lightning613 Месяц назад

      Everything about Marxism is insane.

  • @JUANREDOBLADO
    @JUANREDOBLADO Месяц назад +185

    This is where the 80,000 new IRS agents will be used for.

    • @brandonpurdy7658
      @brandonpurdy7658 Месяц назад

      Lies

    • @anthonyesposito7
      @anthonyesposito7 Месяц назад

      Gooood!!!!

    • @Johnredcorn713
      @Johnredcorn713 Месяц назад

      @@anthonyesposito7not everyone is a wetback, we don’t need this..

    • @sevensages5279
      @sevensages5279 Месяц назад

      Didn't the Republicons shoot down that proposal???
      They have been in control of congress for over 2 yrs now!!!

    • @markmagness3693
      @markmagness3693 Месяц назад +3

      @@anthonyesposito7you just hate rich people

  • @tlk0906
    @tlk0906 8 дней назад

    You hit the nail on the head at 9:00. Very informative video. Everyone should hear this information.

  • @BlessedTEXAN3
    @BlessedTEXAN3 Месяц назад +555

    People, you may not like Trump, but we can not afford another 4+yrs of this economy. Please vote Red 🗳

    • @jmhjmh3605
      @jmhjmh3605 Месяц назад

      Not even an option... Kamala is the doom and gloom of whats to come. We can avoid it by just taking your feelings and say shut the fuck up. Vote Trump

    • @perfectstorm5742
      @perfectstorm5742 Месяц назад +17

      EXACTLY

    • @jeronp420
      @jeronp420 Месяц назад +26

      We are in this economy because of trump. Get your head out of the sand.

    • @stevenlake5278
      @stevenlake5278 Месяц назад +6

      Spoiler alert the economy's already fucked

    • @kebas239
      @kebas239 Месяц назад

      @@jeronp420 Let me guess - because Covid started during his presidency and it's his fault? Right...

  • @deanh8239
    @deanh8239 Месяц назад +22

    Pat, honestly you've outdone yourself in this video.
    We need viral reels to inform every one of this video ASAP!

  • @englishguy9680
    @englishguy9680 Месяц назад +307

    Taxing “unrealised gains” is just a euphemism for theft.
    If you can tax unrealised gains, then I’d like a rebate on unrealised losses 😂

    • @sevensages5279
      @sevensages5279 Месяц назад

      Yeah, when your net worth exceeds $100m
      😂😂😂
      Worrying about $hit that don't affect you!!!!!
      Are you really a cuck for billionaires.......???

    • @Lightning613
      @Lightning613 Месяц назад

      Taxes are a euphemism for ‘armed robbery.’

    • @chicksandwich
      @chicksandwich Месяц назад +15

      Theft squared

    • @HansBelphegor
      @HansBelphegor Месяц назад

      I lost 80k when biden "won" the election... where's my money kamala

    • @russell-gt1dy
      @russell-gt1dy Месяц назад +12

      Look how 'future earning potential' is considered in divorce cases.
      They make alimomy judgement based on your earnings potential, not just the money you make

  • @booniegambini
    @booniegambini 6 дней назад +1

    IF she gets in office , remember that our forefathers fought a war over a 2% tax. MILITIA UP and Take this country back 💯

  • @ThatGuyThat1
    @ThatGuyThat1 Месяц назад +18

    Dont forget production bonus, holiday pay, other bonuses, 401k, property worth,non liquid assets. All to people who printed and lost over 5mil a day for 4 years 😮‍💨

  • @sepsis111
    @sepsis111 Месяц назад +64

    The income tax you currently pay was once just for the wealthy..... they were supposed to only do it for a short while.
    New taxes never go away and always affect the poor .

    • @ParadoxISPower
      @ParadoxISPower Месяц назад

      Income taxes are illegal in America, not something they teach you in schools, but if you look into it you find not only are they illegal, there is no law compelling Us to pay them, They use illegal threat of force and intimidation, like thugs to steal from every so called free American citizen. Also capital gains are not income, and it is perfectly fair that those speculating on the market be taxed.

    • @JoeRuizLordoftheRings
      @JoeRuizLordoftheRings Месяц назад

      What do you suggest we do about it on election day? 😊

    • @ParadoxISPower
      @ParadoxISPower Месяц назад

      @@JoeRuizLordoftheRings Bad Troll, try coming up with something original...

    • @stephenruhi8184
      @stephenruhi8184 Месяц назад

      And it's the poor people who wanted the rich to he taxed.
      It backed fired on them

    • @stephenruhi8184
      @stephenruhi8184 Месяц назад

      ​@@JoeRuizLordoftheRingsvote Trump

  • @raywarner4704
    @raywarner4704 Месяц назад +15

    We need to get this out to all Americans!

  • @brendahernandez9044
    @brendahernandez9044 Месяц назад +1

    God bless for putting that information out there, simple and easy

  • @cecilial7707
    @cecilial7707 Месяц назад +109

    At the end of the day, it's always the middle class who suffers.

    • @kirk.w.mclaren
      @kirk.w.mclaren Месяц назад +1

      Yeap. Taxing unrealized capital gains is the government's way of covering their managerial abuse.

    • @dehidaiaperez3680
      @dehidaiaperez3680 Месяц назад

      Own nothing and be happy.

    • @kirk.w.mclaren
      @kirk.w.mclaren Месяц назад +5

      @@dehidaiaperez3680 set maybe okay for you but that's not okay for most people nor should it be forced on us by the extremist government

    • @dehidaiaperez3680
      @dehidaiaperez3680 Месяц назад

      @@kirk.w.mclaren valid comment I have little money in the stock market if she wins it will take me 3 to 6 years to pay the IRS. Their agenda is, own nothing and be happy.

  • @russsle
    @russsle Месяц назад +350

    I'm a tax professional at a big name tax filing agency and what people don't understand is "trickle down Economics". There is no such thing as JUST tax the rich, because working with rich people's taxes everyday they are going to try and cut cost somewhere else if taxes get more expensive. it's how a business works, you tax all billionares the cost will TRICKLE DOWN to the average person, they will pay the price so heavily. Our economy is already strained, credit cards at an all time high, auto loan delinquency soaring and THIS IS HER PLAN? It's complete insanity.

    • @cybernikolaus
      @cybernikolaus Месяц назад +11

      Being a tax professional and being an expert in economics are two different horses. trickle down economics is a invalidated myth.

    • @therealcoachdarrell
      @therealcoachdarrell Месяц назад +37

      @@cybernikolaus expenses always trickle down, savings don't.

    • @sneakymitchell7802
      @sneakymitchell7802 Месяц назад +27

      @@cybernikolausyou ever think and wonder the companies will try a loophole like they do always. If you tax the Rich heavily. It will force them to off shore more, workers will get fired/moved, they won’t invest heavily to improve their productivity, they will cut ads and people like content creators will take blow of their revenue goes down cause the companies ain’t doing much ads on platforms.
      Sure small business can rise but they will take the hit too if the unrealized game tax happens to them too.
      It’s pretty obvious that it’s going effect every business.
      I say it’s worse than printing money cause with inflation you can stable it in the future. With this well it just makes loopholes on companies and force them to do something crazy.

    • @zbigwojciechowski7575
      @zbigwojciechowski7575 Месяц назад

      You need to interview KH

    • @sevensages5279
      @sevensages5279 Месяц назад

      @russsle Clinton did it and so did Obama!!!

  • @nathanwoodz7920
    @nathanwoodz7920 Месяц назад +70

    I really don't understand the people voting for her after those last 4 years we went through people needs to get over their feelings about Trump and vote for him!

    • @Gameboyreaper
      @Gameboyreaper Месяц назад

      Don’t they will have nothing and be happy

    • @QueasyMcSqueezy
      @QueasyMcSqueezy Месяц назад +10

      They want everyone else to be as miserable and unsuccessful as them.

    • @antinutjobs
      @antinutjobs Месяц назад

      Because it's easier to get away with crimes and five finger discounts while pushing racism narrative guilt any good people as justification to rob them.
      Yes, I'm calling them out for their stupidity of not realizing it's the Democrat party that kept putting them in worsen situations in the first place to get votes for offering handouts.

    • @J_WheelerDoll30
      @J_WheelerDoll30 Месяц назад +1

      Thisssss 👌🏾too many people are stuck on the rumors and his boarder plans rather than how our households/futures are going to plummet and effin burn. 🔥

    • @OuTdaBoxEnt1
      @OuTdaBoxEnt1 11 дней назад

      She was vice president..do you not know how that works?

  • @robsmith4884
    @robsmith4884 Месяц назад +2

    Pat makes me laugh. Love valuetainment love pbd. I say this with admiration….. i mimic him all day when he talks…. It used to be “bop bop bop” when he was rattling of things in a list and he’d end with “bop bop bop” now it “lidabit”. We’re going to tax you but just a “lidabit”…. I’ll be saying “lidabit” all day.
    “NO SHIT SHERLOCK”. Made me laugh out loud. My mom used to say that. I’m 44 and I say it. Big smiles over here. Thanks for all you do PBD. Please continue! I rewatch the old stuff listening while I’m working on various things still picking up SO MUCH.
    Ps. Planning to build your READ book shelf for my grandkids! I have time though…. But just a LIDABIT!

  • @ShaneSchimpf
    @ShaneSchimpf Месяц назад +49

    The trickle down effect of these tax proposals will devastate the working class' and retirees savings.

    • @Travis12861
      @Travis12861 Месяц назад +4

      That’s a key fact that half of the country quickly needs to learn.

  • @lucanidae100
    @lucanidae100 Месяц назад +39

    Tax Taylor Swift and raise her rate to 50%

  • @nelsonramos6093
    @nelsonramos6093 Месяц назад +23

    This is scary! Thanks for the info

  • @AlexEngland-g6n
    @AlexEngland-g6n 7 дней назад

    Very well said.

  • @jerryk6530
    @jerryk6530 Месяц назад +261

    Never Never Never vote Democrat....
    TRUMP Nov 5th....do it.

    • @dennislee4797
      @dennislee4797 Месяц назад

      You think thrump is ok ? Lol, who dare to work with america when thrump is there.
      Cannot be trusted.

    • @deegillespie5305
      @deegillespie5305 Месяц назад +1

      Super evil since slavery days

    • @stevepetty7009
      @stevepetty7009 Месяц назад

      Trump hasn’t paid Federal tax for years. He refused to show his returns. Is this fair?

  • @velcrodreams178
    @velcrodreams178 Месяц назад +40

    I work in new york as a union construction worker. I pay 50 % in taxes fuck that !

    • @johngates7681
      @johngates7681 Месяц назад +5

      Thats because of Trump tax plan if you pay that much.

    • @velcrodreams178
      @velcrodreams178 Месяц назад +2

      @johngates7681 demonrats were in office right after and they didn't rectify anything.... not to mention I'm white. I dont even count no more according to them !

    • @Sam-ny9tz
      @Sam-ny9tz Месяц назад +10

      Kamala "YoU BeTtEr ThAnK A UnION MeMbeR!" 😅🤦🏽‍♀️🙄
      Here we are Kamala!!!
      Trump 2024! ❤🙏🏽🇺🇸

    • @denisesorchidparadise1411
      @denisesorchidparadise1411 Месяц назад +8

      yep, that is robbery

    • @dabndangle
      @dabndangle Месяц назад

      Ny is blue budd​@@johngates7681

  • @johnski3422
    @johnski3422 Месяц назад +17

    I think we should all just pull out of the stock market and stop paying taxes. We all work extremely hard and only live so long for our government to give all of our money away to other countries instead of reinvesting it in the United States. This has to stop.

  • @RogerNegrete-lh1xt
    @RogerNegrete-lh1xt 13 дней назад

    Wonderful subject to use as ammo when debating know it alls thans david your a god send for truth.

  • @lex_DO
    @lex_DO Месяц назад +72

    Crazy. Even crazier is property taxes due the same thing. Taxing you on unrealized gains!

    • @jimmckittrick6515
      @jimmckittrick6515 Месяц назад +3

      Actually, even if your home value goes down you still have to pay your property taxes so it's not the same.

    • @lucanidae100
      @lucanidae100 Месяц назад +1

      excellent point!

    • @sevensages5279
      @sevensages5279 Месяц назад

      ​​​​@@jimmckittrick6515
      When the market crashed in 2008, some were able to have their home reappraised to reflect the loss in value and lower their property tax.

    • @jadl3278
      @jadl3278 Месяц назад

      ​@@jimmckittrick6515 I would think if I sold my house at a higher price the unrealized taxes would step in. Which doesn't sound great.

    • @touger9759
      @touger9759 Месяц назад +2

      ​@@jadl3278Nope, thats a realized gain because you sold it. You buy a house for 50k, 10yrs later let's say it "worth" 100k, they would want to tax that 50k increase in value even though you didn't sell to "realize" those gains. Another example would be a 401k. You don't realize those profits till you retire and start withdrawing, taxing unrealized gains would be taxing the increased value of your retirement fund.

  • @keysncoffee7733
    @keysncoffee7733 Месяц назад +20

    I’ve been looking forward to you breaking this down, Patrick 👍

  • @lorettawarner
    @lorettawarner Месяц назад +14

    Thank you, Patrick, please don't stop what you are doing!

  • @curlyq9901
    @curlyq9901 26 дней назад +1

    Thanks!

  • @secondthought2320
    @secondthought2320 Месяц назад +84

    What happened to the 900 billion that Biden said it would go to infrastructure to upgrade roads,bridges and water lines?
    And this would create new jobs. Obama did the same thing for 850 billion. What got repaired and where are the jobs? Where did the money go ?

    • @WalkingOneLegAtATime
      @WalkingOneLegAtATime Месяц назад +8

      10% to the Big Guy

    • @jadl3278
      @jadl3278 Месяц назад +6

      Obamas 10 houses. Lol

    • @nativestrong7253
      @nativestrong7253 Месяц назад +1

      Have to drag Bittiegeg before congress next year to find out

    • @usmcortuno
      @usmcortuno Месяц назад

      It’s coming here to SoCal. We just got the green light to start working on power lines

    • @sasquatch8923
      @sasquatch8923 Месяц назад

      @@usmcortuno 🤣🤣🤣

  • @Leekir77
    @Leekir77 Месяц назад +50

    Good analysis PBD, government cannot be trusted with more money, in fact we need less government control of OUR money!!!!!!

    • @SamuelClemente7718
      @SamuelClemente7718 Месяц назад +1

      Florida wants to adopt rent control. Total communists.

  • @jessicahayes9788
    @jessicahayes9788 Месяц назад +81

    This is why those people went to the school system & started the dummying down of schools since the 1960s. It worked! It worked as planned, their plan.
    I didn't grow up here in the U.S. I was born into a tyrannical country where free speech & 2A doesn't exist because of control. When children publicly mimicked what their parents say about the tyrannical govt, they're hunted down like an animal and unlivened.
    I came here legally which took almost 10 years to go through the process back in my country. I waited there and followed the law of the U.S. and paid tens of thousands of dollars before I was given permission to step foot on American soil while trying to make sure I survive.
    People who doesn't see that this current regime along with the last few presidents (aside from Trump) going ways back to the late 1800s when they allowed a group of people who've been banned in over 110 countries back into the U.S. are out to destroy what's left of the country we love.

    • @danielmarchisella8895
      @danielmarchisella8895 Месяц назад +5

      Trust me, we have to watch also. AI police everywhere

    • @channingtaintum
      @channingtaintum Месяц назад +4

      Yuri Bezmenov. The Kalergi Plan.

    • @craigostopovich4860
      @craigostopovich4860 Месяц назад +1

      ​@channingtaintum Indeed...

    • @needforprivacy
      @needforprivacy Месяц назад

      It’s called communism, Kamala is compromised by the CCP, we are fucked if she wins. She’ll turn the entire nation blue through the replacement theory. We are absolutely fucked. America is sold to China.

  • @winkletown8828
    @winkletown8828 Месяц назад +5

    Thank you so much for doing this video! You have no idea how impactful this is!

  • @markncely7578
    @markncely7578 Месяц назад +22

    You're company has to pay taxes for paying you, then you get taxed for the money you make

  • @Mr.Neko1
    @Mr.Neko1 Месяц назад +17

    Whatever large amounts of taxes raised by this plan would be in the short term. As the economy gets destroyed by this terrible plan the amount of tax revenue will significantly dwindle. Not to mention the greatest unemployment to ever be seen.

  • @justsaynrush9689
    @justsaynrush9689 Месяц назад +72

    I quite simply can't understand how someone can have a tax plan like this and think they would be elected. It shows that they know their base either doesn't pay attention or are ignorant about what is going on.

    • @ronniekregar3482
      @ronniekregar3482 Месяц назад

      Lol, you're being brainwashed by fear mongering

    • @Julia29853
      @Julia29853 Месяц назад +12

      Door number 3, both of the above!

    • @jadl3278
      @jadl3278 Месяц назад

      It's all lies I think kamala is another example of Niki haley. No one likes her but the media. In reality she has no chance of winning. You can see it on her face.

    • @justsaynrush9689
      @justsaynrush9689 Месяц назад

      @@Julia29853 Yeah, you right

    • @prd004.2
      @prd004.2 Месяц назад +5

      My lib friends think it’s a great idea… that’s how ignorant they are

  • @benrichardson8099
    @benrichardson8099 29 дней назад

    Sir you made a whole lotta sense you really broke it down to its denominator..thank you

  • @a.inomjon
    @a.inomjon Месяц назад +171

    how can anyone with right mind can vote for Kamala with all that abortion , gun restrictions and these taxes ,crazy .

    • @henryvalentine4976
      @henryvalentine4976 Месяц назад

      And also that she's completely dumb and has no clue what's happening just like her boss

    • @johnwalker6393
      @johnwalker6393 Месяц назад

      because Americans are not that smart. unfortunately. GOD BLESS

    • @JB-fq9dp
      @JB-fq9dp Месяц назад

      We got a lot of leftist crazies that will vote because of "feelings".

    • @Defx10
      @Defx10 Месяц назад

      nobody with a right mind IS voting for Kamala. Unfortunately, there are a LOT of lunatics out there.

    • @jfkst1
      @jfkst1 Месяц назад

      These are the same people that think America is wicked so it makes sense to try to destroy it.

  • @michaelloecher8830
    @michaelloecher8830 Месяц назад +27

    The unrealized tax as stated here would DESTROY big bizz

    • @happyappy19931
      @happyappy19931 Месяц назад +5

      And anyone trying to retire in this lifetime

    • @ronniekregar3482
      @ronniekregar3482 Месяц назад +1

      Lol, no it wouldn't..what you're saying is laughable

    • @sevensages5279
      @sevensages5279 Месяц назад

      ​​@@happyappy19931no, DON'T LIE
      only those worth a least $100 million!!!

    • @Julia29853
      @Julia29853 Месяц назад +2

      @@ronniekregar3482you arent too bright are you?

    • @erikmacedo3723
      @erikmacedo3723 14 дней назад

      @@ronniekregar3482you mean when the company you work for wants to lay people off you think they will start at the top. No at the bottom and work their way up

  • @bw1330
    @bw1330 Месяц назад +62

    the biggest problem is that all that tax revenue over 10yrs wouldnt cover gov spending in a single year.

  • @romegq
    @romegq Месяц назад

    Great video. It always amazes me how everyone says to vote for this woman, but no one can say WHY....smh. awesome video! Very informative!

  • @comerunwithmig
    @comerunwithmig Месяц назад +19

    This guy has a point but the most important thing of all is that American's taxes should not be going to Ukraine or ANY other country. If all those taxes went to helping AMERICAN people, fixing problems, roads, pensions, health care etc etc it might make sense but to keep taking more taxes to send them abroad thats just nuts

    • @ronniekregar3482
      @ronniekregar3482 Месяц назад +3

      We can do both. America can walk and chew gum at the same time ya know

    • @comerunwithmig
      @comerunwithmig Месяц назад +6

      @@ronniekregar3482 I'm not even American I just think it's unfair. Your taxes are for YOUR country. And tbh it's not exactly like you're country is doing amazingly right now. The focus should be solely on getting yourselves sorted

    • @ronniekregar3482
      @ronniekregar3482 Месяц назад

      @@comerunwithmig lol, and just let Putin take over half of Europe?

    • @ronniekregar3482
      @ronniekregar3482 Месяц назад

      @@comerunwithmig lol, we've had the best Covid recovery of any country in the world, what are you talking about?

  • @ricardopadayachee4379
    @ricardopadayachee4379 Месяц назад +34

    We need a PBD DJT interview

    • @brandonpurdy7658
      @brandonpurdy7658 Месяц назад +1

      2 goofballs

    • @sevensages5279
      @sevensages5279 Месяц назад

      How would pat ask any questions while gargling trump's ba lls !!!
      😂😂😂

    • @hoehoe360
      @hoehoe360 26 дней назад

      @@brandonpurdy7658 your 2 Moms?

  • @carlshorter6490
    @carlshorter6490 Месяц назад +15

    Everyone Please SHARE THIS.
    American literally CAN'T afford another Biden economy.
    Thank you PBD this is amazing information.

  • @ludovinawain5632
    @ludovinawain5632 10 дней назад

    Thanks ! God bless ❤

  • @Panda_J1
    @Panda_J1 Месяц назад +27

    I don’t think people realize how bad this will affect their 401ks. A lot of 401ks are tied to our jobs selected funds. Vanguard fund, fidelity fund, etc. if the fund appreciates which it most likely will, these funds will be forced to sell to not pay the extra tax.

    • @michaelfranks341
      @michaelfranks341 Месяц назад +3

      Doesnt matter if they sell. They have over $100m invested under them, so they will have to pass the tax to each 401k owner as a fee.

    • @sevensages5279
      @sevensages5279 Месяц назад

      Everybody worrying about something that affects less than 10k out of 300-320 million citizens!

    • @Julia29853
      @Julia29853 Месяц назад

      And the quick, massive selloff will cause a crash like we have never seen before

    • @Julia29853
      @Julia29853 Месяц назад +6

      @@sevensages5279you arent too bright are you?
      Did you not listen?
      The lack of reasoning skills of leftists to understand cause and effect is insane

    • @sevensages5279
      @sevensages5279 Месяц назад

      @@Julia29853 didn't even watch the propaganda, julia!!!
      How much are they proposing to tax those multimillionaires and billionaires.....do you even know???

  • @bradojacko8247
    @bradojacko8247 Месяц назад +17

    The problem is that here is already no free market. Every corporation gets bailed out by the taxpayer, too, and handouts and special rules. They somehow make even more money after failing, while normal people just fail.

  • @deadbounz
    @deadbounz Месяц назад +10

    Patrick! Thank you for using your platform to communicate this so effectively. The repercussions of this could not be overstated

  • @BestiaProductions
    @BestiaProductions 24 дня назад

    For videos and information like this there should be a love button ❤

  • @johnz1505
    @johnz1505 Месяц назад +11

    🙏🙏Trump, JD Vance, RFK Jr., Tulsi team 2024 💯💯🙏🙏

  • @BenAdam1937
    @BenAdam1937 Месяц назад +9

    As much as Americans need better and honest politicians y’all also need better and honest media personnel’s

  • @WardoUSA
    @WardoUSA Месяц назад +7

    I wish everyone in our country would listen

  • @Crazyeighty8
    @Crazyeighty8 Месяц назад

    OMG! This is so well said! Mad respect 🙏

  • @susanhowe88
    @susanhowe88 Месяц назад +19

    I enjoyed your talk! Thank you!

  • @andersonlynn3686
    @andersonlynn3686 Месяц назад +35

    The problem is government spending they need to slow the fuck down . But Harris is also terrible.

    • @BaronCreel
      @BaronCreel Месяц назад

      You can't outax the pace of spending and money printing. Fucking clowns working in the highest positions.

    • @Lightning613
      @Lightning613 Месяц назад

      “You will own nothing, and be happy.”
      enter the Kum-a-la ‘Good Vibes and Joy’ campaign.
      (P.S. 1930’s mustached Austrian painter’s [initials A.H.] campaign slogan just happened to be “Strength Through Joy.” ? ? ).

    • @BaronCreel
      @BaronCreel Месяц назад

      @@Lightning613 We hired all the nazis so it's no surprise they follow the playbook 1:1. US gov fucked us.

    • @Madchris8828
      @Madchris8828 Месяц назад

      Increasing the amount of money they can spend by raising the taxes gives them more money to play with.

    • @Lightning613
      @Lightning613 Месяц назад

      @@Madchris8828 easier to shuffle $$$$ into a laundering system without trace.

  • @franciscallahan4213
    @franciscallahan4213 Месяц назад +13

    EVERYONE NEEDS TO WATCH THIS!!!!

    • @sevensages5279
      @sevensages5279 Месяц назад

      Only those worth over $100m 😂😂😂

    • @Sully.Man007
      @Sully.Man007 Месяц назад

      @@sevensages5279those over 100$ M . have tax code team to avoid a lot .

    • @desilorajr2713
      @desilorajr2713 Месяц назад

      Those worth over $100M who are business owners will pass the tax on to the working class by raining prices on goods and services use common sense

  • @brironmanbtl1162
    @brironmanbtl1162 26 дней назад

    Thank you Patrick

  • @3SonsRC
    @3SonsRC Месяц назад +12

    Best video on this topic I have seen❤

  • @Coachkilmer162
    @Coachkilmer162 Месяц назад +7

    This might be your best video yet 🔥

  • @ZacharyLincoln-y6w
    @ZacharyLincoln-y6w Месяц назад +11

    In what world does taxing people on things they haven’t received yet even ethical…. Or make sense

    • @Alexandria-hq1uy
      @Alexandria-hq1uy Месяц назад

      It has been happening. Do you pay property tax? And in the world where you can use unrealised gain to secure a loan

    • @edenterra870
      @edenterra870 Месяц назад

      In Cuba we don't pay taxes but average salary is about $20 dollars a month. Get the picture?

    • @Madchris8828
      @Madchris8828 Месяц назад

      ​​You actually own a house. You don't receive any benefits from most stocks from appreciation till you sell (unless they pay a dividend in which you are already taxed on. By that logic they should be able to make you pay for gas on a car that doesnt exist yet too. Like I want a truck so I pay for gas on this non-existent truck i dont own. There is zero benefit from most growth stucks until you sell@@Alexandria-hq1uy

  • @shannonvetrano3431
    @shannonvetrano3431 Месяц назад +1

    Always informative ❤🎉

  • @micheal_mills
    @micheal_mills 29 дней назад +1066

    These frequent tax code changes are disrupting my long-term investment strategies. Are there ways to structure my investments to be more resilient to potential tax code modifications?

    • @Marvinsettle
      @Marvinsettle 29 дней назад +4

      I honestly think America needs a completely restructure of their political system. It is just not working. Trump and Biden being elected out of 300 million people to run the country is evidence for that too.

    • @Walter_hill_
      @Walter_hill_ 29 дней назад +3

      This is why the US should elect more progressive politicians, who know how to manage budgets and give us (yes, pur country's initials literally spell out that pronoun) much better tax credits in return for better public education and better public healthcare. but since these are nonexistent, my husband and I are being guided to finance our retirement and healthcare through a diversified investment portfolioportfolio

    • @Trevor_Morrow_LTD
      @Trevor_Morrow_LTD 29 дней назад +2

      I've been considering getting one, but haven't been proactive about it. Can you recommend your advisor? I could really use some assistance.

    • @Walter_hill_
      @Walter_hill_ 29 дней назад +2

      My CFA Vivian Jean Wilhelm, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

    • @Trevor_Morrow_LTD
      @Trevor_Morrow_LTD 29 дней назад +1

      Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info