How Kamala Harris’s $4 Trillion Tax Plan Will DESTROY The Economy
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- Опубліковано 22 вер 2024
- Patrick Bet-David explains how the Kamala Harris $4 Trillion Dollar Tax Plan could impact you in this informative video. Understand the implications and stay informed!
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It's the wasteful spending, not the taxes. $42 Billion on "broadband internet" & little/no progress. Press F
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.
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.
It’s called corruption and pocketing money
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.
F
That what happens when a politician, who has no background in economics and finance, runs a country like a clown.
Come on now! She was raised as middle class and her neighbor was a small business owner. Tons of experience!
@@brianoconner3090 Atlas is gonna shrug SO hard if this ever gets out into action.
That's why people are calling her Marxist
@@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.
@@mjov6655 Don't forget she also took care of her lawn.
Single biggest reason NOT to vote Harris
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.
It would probably help cool off this crazy market so who knows. Can't say anyone I know is to worried
Trump plan would definitely hurt us with his big rich tax breaks
@@livelyartichoke1543
Cool off the market?
That's putting it mildly😂
The single biggest reason begins with her continued unconditional support of a war criminal but then Trump will double down on that.
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.
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.
Totally agree.
Kamala voters are too busy decorating pride flag and coming up with new pronouns. Economy’s the last thing on their minds.
95% of kamala voters dont even exist
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.
how can anyone with right mind can vote for Kamala with all that abortion , gun restrictions and these taxes ,crazy .
And also that she's completely dumb and has no clue what's happening just like her boss
because Americans are not that smart. unfortunately. GOD BLESS
We got a lot of leftist crazies that will vote because of "feelings".
nobody with a right mind IS voting for Kamala. Unfortunately, there are a LOT of lunatics out there.
These are the same people that think America is wicked so it makes sense to try to destroy it.
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...
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.
same as we have to reduce our "carbon footprint"..who got here to tell us in private jets adn limos.
I mean trump only paid around $700 in taxes. But he a millionaire. Sooooo
😂 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.
@@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.
People should be demanding NO more federal income tax for ALL. TAXATION IS THEFT.
We better not catch you on the interstate.
What are you going to do? Give us a tampon?
This is where the 80,000 new IRS agents will be used for.
Armed
Lies
That’s what happens when the ppl give all the power to the government 🤷🏾♂️
Dumb take
Thats what happens when the e leet infiltrate the government
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
That's happening in Brasil. Taxes and more taxes to pay for the absurd government spending. And companies are going broke.
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”
Wow. Not good
That’s not how it works but ok
@@Alexandria-hq1uyplease explain then 😉
@@Alexandria-hq1uyWell tell us how it works then😂
@@stevefisher962C’mon give the Liberal a break, they’re still trying to figure out what woman is
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.
Trust me, we have to watch also. AI police everywhere
Yuri Bezmenov. The Kalergi Plan.
@channingtaintum Indeed...
Stop the insanity! Vote Trump 2024!❤️🇺🇸
Absolute insanity
Good analysis PBD, government cannot be trusted with more money, in fact we need less government control of OUR money!!!!!!
Florida wants to adopt rent control. Total communists.
An ‘Opportunity economy’ for e’legal immigrants.
SWEET 😈😈😈😈
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.
Crazy. Even crazier is property taxes due the same thing. Taxing you on unrealized gains!
Actually, even if your home value goes down you still have to pay your property taxes so it's not the same.
excellent point!
We do not have a revenue problem. We have a spending problem.
Just take all our money !😡
That’s where this is going 😡
We need a PBD DJT interview
2 goofballs
But she’s the first ✊🏿 black and the first Woman president…. Pat!!!! Common sense doesn’t matter!!!!
😂
First Indian too 🇮🇳✊🏾 Throw common sense down the drain. It’s time to make history.
All those taxes won't even last a year.
Time to get rid of 75% of the spending not more taxes.
Tell that to Donald who exploded the deficit.
The problem is government spending they need to slow the fuck down . But Harris is also terrible.
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.
The answer is not more taxes, its less tax and less government. People are crazy
Lol, that exact mindset is the reason Republicans F everything up every time they're in power
What about actors ?
Being an actor is their business.
Kamala should go after them, too.
@@unknown-x-1777 It's not stocks. No where did it say businesses were going to be taxed more.
At the end of the day, it's always the middle class who suffers.
This is scary! Thanks for the info
EVERYONE NEEDS TO WATCH THIS!!!!
I’ve been looking forward to you breaking this down, Patrick 👍
I work in new york as a union construction worker. I pay 50 % in taxes fuck that !
Thats because of Trump tax plan if you pay that much.
@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 !
Kamala "YoU BeTtEr ThAnK A UnION MeMbeR!" 😅🤦🏽♀️🙄
Here we are Kamala!!!
Trump 2024! ❤🙏🏽🇺🇸
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.
The government has fked off what its been given already why give it more of the money we work for.
How do you tax unrealized capital gains??? That's pure wickedness.
A new sophisticated way Communists have now to steal everything you have worked so hard during your life without being confiscated.
But NON REALIZED GAINS, is NOT only FROM THE STOCK MARKET...If your house increased in value, YOU WILL BE TAXED ON IT, and then , if it goes down in value, as it has happened time and time again, who pays you back on the loss?????????
There is no CASH FLOW to be able to pay it!!!!!
You need to talk about:
HOUSES
CARS
BUSINESSES
ART
JEWELS
WATCHES...
It would be the distruction of the economy because ITS NOT PAYABLE on a CASH BASIS!!!
Fear mongering. The plan said stocks, not assets.
Nope!!! Your permanent residence always was and always will be except. Stop fear mongering
The trickle down effect of these tax proposals will devastate the working class' and retirees savings.
When the tax rate was the highest, America still had a middle class.
This is the craziest economic plan I've ever seen. How the hell can you tax money people haven't even made?
And you KNOW that they aren't going to give money back when you end up REALIZING losses...
And why wouldn't every wealthy person simply leave the country? This would absolutely annihilate the economy.
You fail to notice that the same rich people for taxing the citizens this way are also people who likely are just milking off as much money as they can before running to some foreign country where they own property and off-shore accounts in once the ship fully sinks. They think they can run on their own personal lifeboats while the citizenry sink with the boat.
@@kamikaze00007 they CAN run to some foreign country!!!! Why would they stay here?
For example, Ireland has a 12% corporate tax rate FFS; and they have a free trade deal with the United States, AND they are part of The European Union. Why wouldn't those with the means just go to Ireland? Why would they stick around to get fleeced by Uncle Sam if they don't have to? And Hungary is in the same position... If you bring i think it's half a million dollars to Hungary and buy property, they'll give you citizenship.
That's because the left doesn't know the first thing about how to invest to make the country stronger. That's why we NEED Trump back in the driver's seat ASAP - to help Make America Great Again.
If it work for your property tax it can work in the market too… plus it doesn’t affect the poor
@@Alexandria-hq1uy Atlas will shrug SO hard.
The rich currently pay something like 80% of all tax revenue that Uncle Sam collects. What do you imagine will happen when all that revenue disappears into other countries?
They don't have to stick around to pay this tax. They have the means to simply leave.
With Trump and XAI770K this year will be the best change ever, I can't wait, we need him
This is the main reason why I can’t vote for Kamala!
Stop lying. You were not voting for her anyway.
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!
My sister in law’s response was “I don’t have that type of wealth”…I swear they can’t think further than their nose
Lol, being brainwashed by fear mongering means YOU'RE the one who can't think further than their nose
Best video on this topic I have seen❤
If someone is proposing an economic plan that can’t articulate and keeps referring as the “opportunity economy” red flag 🚩 the person is clueless. The US is already $35 Trillion in debt, we don’t want to exacerbate the debt with spendings abroad.
💯 spot on Pat!! So happy that you got this out there! It’s insane and people don’t understand the unintended consequences and how it will ACTUALLY affect them!!
Lol, fear mongering at its finest.
Property taxes are a wealth tax on unrealized gains and they’re very successful in terms of tax policy
The unreleased tax as stated here would DESTROY big bizz
And anyone trying to retire in this lifetime
Lol, no it wouldn't..what you're saying is laughable
Trump's got vision, and with Elon's XAI770K, they might just change everything.
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 ?
10% to the Big Guy
Can you please ask Kamala to explain those numbers !! :))
This needs to be shown to every American
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.
I don't want my labor effort going anywhere, until I spend it. If people can't see that the INCOME TAX is slavery, we're borked.
Trump 2024 🇺🇸
We have to stop ALL taxes except import & export taxes so We the People can truly track all the extortion & stealing our tyrannical government is guilty of! And when I say all I mean ALL! Examples, gas, cell phone, sales tax, local? State & federal tax is all unconstitutional except import & export taxes. There would likely need to be a slight difference in percentage in import tax of foods not served in a restaurant since this would help those who are poor but end if the day import & export tax is the only constitutional tax.
Stock Market willncrash 50% ifbthey tax un realized gains. Who is going to buy all the stocks if the owners sell the stocks.
The actual problem is the total waste of government spending. Why send $55 Billions to Ukraine while US debt has reached $35 Trillion. There should be a supervision on wasteful Government spending which is totally out of control and now they want to cover it by taking money out of investors pocket. This will discourage investors and bad for the economy.
This might be your best video yet 🔥
This is how you will own nothing--people will not be able to afford the taxes, so will have to sell or default on their properties.
How much income is from selling out the country, that’s what I’d like to know and it hasn’t been taxed at all!
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.
Trump better get in.
This is frightening! And the majority if the people will fall for it
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
We can do both. America can walk and chew gum at the same time ya know
@@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
@@comerunwithmig lol, and just let Putin take over half of Europe?
@@comerunwithmig lol, we've had the best Covid recovery of any country in the world, what are you talking about?
It's not just a tax issue. It's the annual income, cost of goods, taxes all combined but dems focus just on the tax part to get votes.
Thank you very informative keep up the great work I will share
HIGHER TAXES UNDER HARRIS. LOWER TAXES UNDER TRUMP. HIGHER SPENDING UNDER HARRIS. LOWER SPENDING UNDER TRUMP. VERY SIMPLY
Best facts evere damn❤🔥🔥🔥🔥
Best propaganda ever damn
THANKS SO MUCH FOR BREAKING IT DOWN it's hard enough to explain to normal people what that tax means
Thank you for this video, do you offer account management or have any recommendations?
The market consensus has been no or soft landing, which is another thing they will be massively wrong on...........I've been engaged in active trading and managed to grow a nest egg of around 14k to a decent 539k....I'm especially grateful to whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Wow that's huge, how do you make that
much monthly?
As a beginner what do i need to do? How can i invest, on which platform? If you know any please share.
It really helped trading Adriana catherine analysis and info, even with the market in a downward trend. Definitely riding the market wave is a good perspective..
working with catherine back in February, and my financial goals have been clearer. It's like having a strategic partner for my money with a solid track record.
You're company has to pay taxes for paying you, then you get taxed for the money you make
Trump and Elon together? That's the dream team we need for XAI770K.
Question??? Has Kamala ever owned a business?? Has Kamala ever employed anyone??? Has Kamala ever got a job that didnt involve Knees and an old guy???
Pat slowly becoming Trumps' online campaign manager
He’s a business owner and he knows republicans policies favor business owners mostly.
You must be a dumb one.
@@Panda_J1 *small buisness owners. silicon valley is kamlas biggest donor. google is the biggest harris biden donor by a factor of 4
@@Panda_J1not business owners only. It also benefits the middle class and the working class due to a lower cost of living. Literally 0 reason to vote democrat as their policies hurt all people and no work is ever done.
If they got all this money I can guarantee the debt would not be paid off 1 cent.
I’m 50 years old & I’ve never been so worried about an election & our Future in my life. Of course, I’ve always wanted to see my side win. That used to be Democrats & has been Republicans since they nominated Hilary BUT I never had to fear that the Country would be Destroyed/Fundamentally changed.
Taxing unrealized capital gains is like a farmer eating his seed corn. Very stupid and a guarantee he won't have a good harvest in the years to come.
Praise to God Almighty!!!! I’m favoured financially with Bitcoin ETFs,.$90,700 biweekly profit regardless of how bad it gets on the economy
Huge! Been trying to trade on my own for a while now, but it isn’t going well. few weeks ago I lost about $70,000 in the trade. Can you please at least advise me on what to do?
Well, It's all thanks to Robert Marion
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Spot-on, I would always rate his signals as one of the best ever used 100% accurate.
That's what property tax is, unrealized gains. Abolish property tax!!!!
*Thanks for keeping us updated! I feel sympathy and empathy for our country. low income people are suffering to survive, and I appreciate Amanda. You've helped my family with your advice. imagine investing $30,000 and receiving $95,460 after 28 days of trading*
I began investing in stocks and Def earlier this year, and it is the best choice l've ever made. My portfolio is rounding up to almost a million, and I have realized that when a stock makes it to the news. Chances are you're quite late to the party, the idea is to get in early on blue chips before it becomes public. There are lots of life changing opportunities in the market, and maximize it
What opportunities are there in the market, and how do I profit from it?
You can make a lot of money from the market regardless of whether it strengthens or crashes. The key is to be well positioned.
I would really like to know how this actually works.
All you need is a good capital, and the service of a professional broker, with those your investment will most certainly produce high yields.
I CANT RETIRE BECAUSE I HAVE TO HELP PAY FOR ILLEGAL IMMIGRANTS!
Great content ❤️ I've been investing in Bitcoin by myself.. I'm not really happy with what's going on, just few weeks ago I lost about $12,000 in a particular trade. Can you help me out or at least advice me on what to do... ?
I will advice you to stop trading on your own if you keep losing.
I don't trade on my own anymore.i always required help and assistance
From my personal financial advisorEVIE COLLINS
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If Elon's behind XAI770K, you know it's going to be revolutionary.
Let’s get Trump in and hope he actually brings on Musk to clean house of the wasteful government employees/departments.
Learning to make sourdough at home so I can skip the bread lines
Oh snap I’m first! Like if you are not voting for any of these clowns
Spot on!
Isn't this the reason we started America because of taxation without representation I want to know who is voting for this please raise ur hand
Exactly why I bought physical gold and silver.
Trump's trust in XAI770K shows it's not just tech; it's about progress.
I just texted you and got my response and sign up immediately. Thanks Pat❤
BONKERS just BONKERS !!!
With Elon and Trump behind XAI770K, this could be the dawn of a new era.
You deserve the government you elect.
This is extraordinarily disturbing
Kamala Harris, as Vice President, has not personally introduced specific proposals for taxing unrealized capital gains on stocks
Two different groups recently surveyed small businesses. A full 50% responded that they will NOT survive another fours years of Democrat taxes and regulations......
How is Pat not getting canceled? He is talking the same truths as others but somehow falls under the radar. Does someone have an idea? Ofc Im happy about that but just wondering
The Boston Tea Party was over a .5 cent tax on tea. Let that sink in.