By: Diane Sori / The Patriot Factor /
Right Side Patriots / Right Side Patriots Radio
“
It is very clear our economy is still in trouble.”
- President Joe Biden
Those were the words uttered by America's “Placeholder-in-Chief”
but a few short weeks ago right before he released his now
infamous infrastructure plan...a plan that involves a whopping $2
trillion in corporate tax increases over 15 years with individual
corporate income taxes going from 21 percent to 28 percent on U.S.
overseas earnings, coupled with a 21 percent “global minimum
tax.” But what exactly is a “global minimum tax?”
It's a renegotiation of current tax laws where the 140 countries
participating in the Organization for Economic Cooperation and
Development (OECD) would agree “in principle” to the
implementation of a minimum corporate tax rate as a way to try and
ensure that big multinational corporations pay a set amount of tax
no matter how and when they choose to “shift their profits”
from one country to another.
A waste of time, effort, and money as what's being proposed, as of
now, is “non-binding.”
In more simplistic and quite unnerving terms, what Biden is
proposing is what I call “profit relocation
guidelines”...guidelines not unlike those regarding
“redistribution of wealth,” but this time it's
redistribution of private companies profits on a global scale.
Allowing this would give the federal government the ability to butt
into both our and foreign countries private sector business dealings,
thus translating into “big government” having a say in not
only our private business dealings but in other countries private
business dealings as well...and of course visa-versa.
But the question remains, would such a global tax be levied at the
expense of American businesses? The answer to that is yes, but it's a
two-fold answer with the first fold being that the $1.9 trillion
stimulus legislation Biden signed into law was financed in total by
additional federal borrowing which yet again raises the national debt
leaving little available aid for U.S. small businesses in trouble,
and with the second fold being that a global tax as proposed would
remove the still in place rule that allows U.S. companies to pay no
tax on the first 10 percent of their returns when they locate
investments in foreign countries. Basically, this would end what's referred to as
“inversion,”
the practice by which U.S. companies can avoid paying
taxes by moving their headquarters to different countries when they
need to do so to protect their bottom line profits. And it's here
where Biden and crew hope to raise hundreds of billions of dollars more in
revenue from what amounts to taxing profits of American owned
businesses now residing in what's called
“tax havens.”
And while large corporations do
garner more times than not huge bottom line profits, profits
protected in said “tax havens”...“offshore bank
accounts” as they are more
commonly called...what
Democrats refuse to understand is that large
corporations are essential in not only keeping our economy thriving
and moving forward, but that the American worker themselves would be
the ones actually having to shoulder the cost of higher corporate
taxes. In fact, right now between 50 percent and 70 percent of
corporate taxes are actually carried by said workers with the
remaining being carried by company shareholders. And why these large
numbers? Because economics 101 dictates that “capital”
itself is and will remain mobile while “labor”
will remain stationary, meaning that the escalating cost of corporate
taxes has nowhere else to go but upon the shoulders of the American
worker as American companies looking to invest overseas would now
have to pay an additional tax on their profits to the U.S. government
with said raise in taxes being passed onto the company's
employees...a normal business practice.
But as bad as this rise in the
corporate tax rate is...a rate President Trump's 2017 "Tax Cuts and Jobs Act" (TCJA) lowered
from 35 percent to 21 percent to help make us more competitive in the
world market...coupled with the global minimum tax...still sees Biden
promising to raise taxes on “We the People.” And
his proposed tax increases, the largest since 1993, has Biden
claiming that it would address the “inequities”
in the tax system itself while making said system more “progressive”
by including the doubling of the capital gains tax, a second death
tax...as if the first wasn't bad enough...expanding the estate tax's
reach, as well as initiating major income tax increases for “the
wealthy”...as in those like
himself who earn over $400 thousand a year. But what Biden doesn't
understand is that all of the above would actually slowdown economic
recovery by reducing the pool from which needed funds are drawn for
new investment start-ups (which usually are initiated by “the
wealthy”), will slow down the
actual creation of jobs, and will either freeze or decrease wages
across the board.
role
in the economy than it already has with the government then
accounting for 20% or more of our annual economic
output,
as in the value of all sales of goods and services combined.
Simply, America's all-important private business sector will become
but a shadow of its former self, if even that.
Makes one wonder just how the Democrat's claimed 80 million
American citizens, illegals, and dead folks who “supposedly”
voted for Joe Biden feel about him now...doesn't it.
And while my personal feelings about the “Placeholder-in-Chief”
are obvious to my readers and our RIGHT SIDE PATRIOTS radio listeners, so are my feelings about the
media...the “Fourth Estate”...especially when it comes to
their ability to frame both political and social issues in a lopsided
liberal-speak manner. Parroting what they are told to say by the
Democrat powers that be, today's media has become the champion of
pushing forward the left's counter-culture narrative that everything
bad that happens in today's America stems from their self-perceived
notion that America is inherently a racist nation and that white
people are the sole purveyor of evil. And this can clearly be seen in
how white and black folks are treated by the media when police
officers are involved.
Take the case of black thug, convicted felon, and hardcore drug
addict George Floyd who was
“supposedly” murdered by the
knee of a white officer no matter that the official autopsy report
says otherwise. But instead of the media reporting that critical
truth they instead helped to feed into the rhetoric that white cops
deliberately target black men for arrest...a blatant lie pushed
forward by desperate politicians trying to appease the black
community for abandoning them in favor of brown-skinned illegals. And
it's this lie that has led police departments to foolishly be
defunded and/or disbanded across our nation...that and the fact that
Democrats have been manipulated into allowing 13.4 percent of the
population to dictate to the rest of us what we can and cannot say,
do, or even think when it comes to race.
Simply, in today's America blacks can do no wrong, whites can go
straight to hell, and no white person dare say anything negative
about a black person for to do so means that they are indeed
racist...so says the current powers that be aided by their media
cohorts.
So this means that when a nasty black man in the act of committing
a crime kills a white police officer in cold blood the black man's
race must automatically be hushed up because it doesn't fit the
Democrat's pro-black, anti-white narrative, but when a white officer
in the line of duty kills a black man it becomes 24/7 news especially
when the “court of public opinion,” in their misplaced
wisdom, collectively deems the white officer guilty. Another example
of this can easily be seen in how the media chose to omit certain key
facts in its reporting of the recent Capitol “incident” where
a white officer was killed by a black man...a black muslim in
fact...a double must be hushed up media whammy if you will.
Briefly, on Friday, April 2nd, the U.S. Capitol was locked down due to
an
"exterior security threat" after a man
deliberately rammed his car into a barrier where police officers were
standing. Officer William Evans, an 18-year member of the USCP died
and another officer was injured, with the assailant being
(rightfully) shot and killed by police after he exited his car and
began attacking them with a large knife...which should have been a
tip off as to who and what he was. As per news reports
the
assailant, in what at the time was described as being a
“lone
wolf attack,” was 25-year old Indiana native Noah Green, a man
with recent ties to Norfolk, Virginia. And while on the surface this
seemed like cut-and-dried reporting of the
“incident” (oh
how the left loves that word), what was omitted until
outed was that not only was the officer killed white and Green the
assailant black, but that Green was a devout follower of Louis
Farrakhan's black nationalist Nation of Islam group where he was
known as Noah X.
So in an orchestrated attempt to help hide these facts, social
media giant Facebook immediately removed both Green's Facebook page
and Instagram account saying his page violated their Community
Standards regarding “Dangerous Individuals and Organizations.” Therefore, my question is, why then hasn't Facebook removed all Nation of
Islam pages and all black hate group pages? And the answer obviously
is that Facebook, like with the media, gets its “marching
orders” directly from
the pages of the Democrat's progressive playbook where “selective
enforcement” becomes the order of any given particular day...as in white
people bad, black people good, and saying anything bad about muslims
is strictly off limits.
And the media's hushing up of ones race...if one is black that
is...can further be witnessed by Joe Biden's very statement
expressing his sorrow over the death of Officer Evans while nary a
word was said in condemnation of his killer...black muslim Noah
Green...nor did Biden make any mention of the hateful ideology that
most probably inspired the attack. Instead, Biden chose to allude
back to January when a
mostly
white, media-called “mob”
stormed Capitol Hill to protest what even he knows was a
stolen election.
And when the president himself practices racial appeasement in
full media view, you know that racial equality was never intended to
become the new norm. After all, such equality would take the fuel out
of the Democrats and the media's race-based agenda. Remember, fueling
hate coupled with instilling fear of change is both big business and
what allows politicians to remain in control of the narrative while
at the same time playing the uninformed masses as fools. Like lambs
to the political slaughter we should go with the media happily
leading the way. And all I can say is I want my country back as it
was... identity, counter and woke culture, along with race-baiting be
damned.
Copyright
© 2021 Diane Sori / The Patriot Factor / All rights reserved.
************************************************************************************* For more political commentary please visit my RIGHT SIDE PATRIOTS partner Craig Andresen's blog The National Patriot to read his latest article, It Was Called Common Sense.
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RIGHT SIDE PATRIOTS Craig Andresen and Diane Sori hope to be back live on air this Friday, April 9th at 7pm EST
www.rspradio1.com...that is if the 'server gods' and the 'skype gods' have their act together and are back in working order by then.
