Ed
👤 PersonAppearances Over Time
Podcast Appearances
Just look at the fucking plan. It does the opposite of what was intended. Look at Bannon's comments, we're going to tax the rich. Look at Trump's comments, I'm okay with taxing the rich.
Just look at the fucking plan. It does the opposite of what was intended. Look at Bannon's comments, we're going to tax the rich. Look at Trump's comments, I'm okay with taxing the rich.
Just look at the fucking plan. It does the opposite of what was intended. Look at Bannon's comments, we're going to tax the rich. Look at Trump's comments, I'm okay with taxing the rich.
And you look at this, all these exemptions here. It's like, in addition to that, they're now lying about it. And... I'm hoping people sort of see through the lie. So that's why I really want to talk about this. It's like, this is just proof here that it's all been lies in terms of what they've been promising and the direction they want to take this country.
And you look at this, all these exemptions here. It's like, in addition to that, they're now lying about it. And... I'm hoping people sort of see through the lie. So that's why I really want to talk about this. It's like, this is just proof here that it's all been lies in terms of what they've been promising and the direction they want to take this country.
And you look at this, all these exemptions here. It's like, in addition to that, they're now lying about it. And... I'm hoping people sort of see through the lie. So that's why I really want to talk about this. It's like, this is just proof here that it's all been lies in terms of what they've been promising and the direction they want to take this country.
The whole thing with the reshoring, the jobs, and it's all about middle-class Americans. Read this tax plan. This is not about middle-class Americans at all. And it's actually insane the extent to which this is catered to rich people.
The whole thing with the reshoring, the jobs, and it's all about middle-class Americans. Read this tax plan. This is not about middle-class Americans at all. And it's actually insane the extent to which this is catered to rich people.
The whole thing with the reshoring, the jobs, and it's all about middle-class Americans. Read this tax plan. This is not about middle-class Americans at all. And it's actually insane the extent to which this is catered to rich people.
Having said all that, there are a few little good things that I will just go over just to end on a positive note. They want to increase the child tax credit from $2,000 to $2,500. I think that's good. Yippee.
Having said all that, there are a few little good things that I will just go over just to end on a positive note. They want to increase the child tax credit from $2,000 to $2,500. I think that's good. Yippee.
Having said all that, there are a few little good things that I will just go over just to end on a positive note. They want to increase the child tax credit from $2,000 to $2,500. I think that's good. Yippee.
They want to create savings accounts for babies. Newborns will receive $1,000 in a tax-free account. This is actually what we discussed with Brad Gerstner, who wanted those America accounts.
They want to create savings accounts for babies. Newborns will receive $1,000 in a tax-free account. This is actually what we discussed with Brad Gerstner, who wanted those America accounts.
They want to create savings accounts for babies. Newborns will receive $1,000 in a tax-free account. This is actually what we discussed with Brad Gerstner, who wanted those America accounts.
Me too. They also want to eliminate the EV tax credit, which I also agree with. I think the EV industry is well in its way. We don't need to be subsidizing it. If we're having tough conversations about cutting spending, then I agree. Let's get rid of the EV tax credit. And then finally, they want to increase taxes on private colleges with endowments exceeding $2 million per student.
Me too. They also want to eliminate the EV tax credit, which I also agree with. I think the EV industry is well in its way. We don't need to be subsidizing it. If we're having tough conversations about cutting spending, then I agree. Let's get rid of the EV tax credit. And then finally, they want to increase taxes on private colleges with endowments exceeding $2 million per student.
Me too. They also want to eliminate the EV tax credit, which I also agree with. I think the EV industry is well in its way. We don't need to be subsidizing it. If we're having tough conversations about cutting spending, then I agree. Let's get rid of the EV tax credit. And then finally, they want to increase taxes on private colleges with endowments exceeding $2 million per student.
Those colleges will pay 21% on net investment income up from 1.4%. Again, I think that's great. And- It targets what we've talked about. And spend it. Spend your endowment. Spend it. Exactly. Bring it down. The only trouble is they also go after the less wealthy colleges, too. So if you have an endowment of $750,000 per student, your taxes are also going up.
Those colleges will pay 21% on net investment income up from 1.4%. Again, I think that's great. And- It targets what we've talked about. And spend it. Spend your endowment. Spend it. Exactly. Bring it down. The only trouble is they also go after the less wealthy colleges, too. So if you have an endowment of $750,000 per student, your taxes are also going up.