Tuesday saw the forth democratic party debate and it was about as boring as the last 3. Pete Buttigieg got bitchy with Beto O’Rourke, everyone ganged up on Elizabeth Warren for lying about raising taxes to pay for Medicare-for-all, and Cory Booker wore out his knees trying to get picked as Joe Biden’s VP. Speaking of which, the only genuine highlight from the debate was crazy-ass Joe Biden saying he is going to raise the hell out of taxes for coupon clippers playing the stock market. As per the usual, he did not explain this and the liberal media moderators let it go.
Biden was asked if he supports Elizabeth Warren and Bernie Sanders’ plan to tax the wealthy into the poorhouse to pay for their wacko socialist platforms.
“Well, no,” responded Biden.
Biden however misspoke because he does want to raises taxes on the wealthy, maybe.
“What I talked about is how you get things done and the way to get things done is to take a look at the tax code,’ said Biden.
At this point it became obvious Biden was going to give one of his patented rambling nonsensical answers. Clearly just looking at the tax code doesn’t accomplish anything other than looking at the tax code.
“The idea, we have to start rewarding work, not just wealth,” said Biden.
But Biden wasn’t talking about rewarding work, just punishing it.
“I would eliminate the capital gains tax,” said Biden before contradicting himself immediately. “I would raise the capital gains tax.”
Well, which is is it, Joey? Would you eliminate it or raise it? He actually said he would take the highest rate of 39.5% and double it. The real highest rate is 20%, but for some reason he wants to make it 79%, which would effectively eliminate investing in this country and completely destroy our economy.
Then came this gem:
“Because guess what? Why in God’s name should somebody clipping coupons in the stock market may in fact pay a lower tax rate than someone who is in fact is uh, like I said, a school teacher and a firefighter,” Biden said.
For a guy who uses the word “fact” this much, he sure doesn’t have any facts straight.
There’s so much craziness going on here, it’s hard to tell where we should begin. Clipping coupons in the stock market? What in the hell is he talking about? If there are BOGO coupons for Microsoft and Disney stock, I’d certainly like some. I’ve never seen these in the Sunday paper, but I did get 45 cents off some Hot Pockets.
If we can pretend that Biden was talking about rich people who play the stock market and not coupon clipping grannies, his statement is still insane. Rich people pay a higher tax rate than less wealthy people. The more you make, the higher the tax bracket you are in. This is also true with capital gains taxes. If you are richer, you pay a higher capital gains tax rate.
Lastly, what is a teacher firefighter? Is this someone who trains firefighters? I’m sure this position exists, but it’s not something a lot of people do. It’s odd that Biden chose this obscure job to demonstrate his anti-coupon clipper tax plan.
What this Biden answer really shows is that this guy is completely out of his mind. It’s not simply this either, all of his answers are rambling nonsense interjected with bizarre non-sequiturs and made-up facts. That the liberal media continues to prop this empty can up as the most “electable” candidate who can beat Donald Trump is as delusional as anything that comes out of Biden’s mouth.
