President Biden Condemned Lawless Capitalism

President Biden Condemned Lawless Capitalism

The same people who control this country, to include the outcome of our elections through the patronage of their dark money, are also the ones who refuse to pay any taxes on their wealth. Think about what this means. Are we really a democracy? Or an oligarchy of corrupt capitalists? Last week, with one tweet President Biden condemned the lawless capitalism of the rich that is driving this country to the brink of a social unrest abyss. While the rich have paid no taxes probably since the Reagan years, our education system is faltering, our roads and bridges are crumbling, and the government is unable to offer the quality of life most citizens in other developed nations enjoy.

Meanwhile the rich, of course, get richer with every passing year, and the likes of Charles Koch, Mark Zuckerberg, Jeff Bezos, Elon Musk, and Warren Buffett are still trying to maneuver to pay no taxes to add to the hundreds of billions they are worth.

When a U.S. President calls out the rich the way Biden has, he must have access to social data that has such negative impact on our civic and economic order.

$160 BILLIONS IN TAXES EACH YEAR

The President tweeted:

Let us assume that the rich have been evading paying taxes for some 30 years at the median rate of about $50 Billions a year. This adds up to $1.5 Trillion of missed money the U.S. Government could not collect because of laws the rich paid Congress to pass them.

Can you think what our government would have been able to accomplish with that much money to improve the quality of life of its citizenry, and to protect its middle class, which represents the bedrock of our capitalist system?

When a U.S. President calls out the rich the way Biden has, in addition to data about unpaid taxes by the rich, he must have access to social data that has such negative impact on our civic and economic order. Insurrection included. In fact, Biden’s income inequality alarm should alarm us all.

I am being kind calling our capitalist system lawless. It represents the reincarnation of Frankenstein.

SHOULD WE NOT IMPRISON SOME TAX EVADERS?

A non-person in this country, if they happen to cheat on their income tax returns, will be held accountable by the IRS if caught, which, incidentally, might include prison time.

26 U.S. Code § 7201 spells it out clearly:

Any person who willfully attempts in any manner to evade or defeat any tax imposed by this title or the payment thereof shall, in addition to other penalties provided by law, be guilty of a felony and, upon conviction thereof, shall be fined not more than $100,000 ($500,000 in the case of a corporation), or imprisoned not more than 5 years, or both, together with the costs of prosecution. (Aug. 16, 1954, ch. 736, 68A Stat. 851; Pub. L. 97–248, title III, § 329(a), Sept. 3, 1982, 96 Stat. 618.) Cornell University - U.S. Code

Yet, such does not happen to rich cheaters. Only to the weak and the ignorant with no connections.

I am being kind calling our capitalist system lawless. It represents the reincarnation of Frankenstein.

President Biden Condemned Lawless Capitalism

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