Tag: unrealized capital gains

Democrats’ Plan to Remake the Economy | Supply Chain Problems

Democrats’ Plan to Remake the Economy | Supply Chain Problems

Show Summary: No ghosts but lots of gremlins as democrats try to sabotage the future of America’s economy. It’s no secret the democrats want to transform America’s economy into a socialist one. And their multi-trillion dollar spending bills will do it. So what’s really in the bill? If you think the problems with our supply chain are bad now, wait until the government runs it.

Coverage Map of I Spy Radio Show broadcast areas, as of June 2021
Current I Spy Radio broadcast areas. Click for full-size map.

Weekends, six different times, on seven different stations. Listen anywhere through the stations’ live streams! Check out when, where, and how to listen to the I Spy Radio Show. Podcast available Mondays after the show airs on out network of stations.

Original Air Dates: October 30th & 31st, 2021 | Guests: Jonathan Williams & Jana Jarvis

This week: No ghosts but plenty of gremlins and goblins as our own government is looking to sabotage the future of America’s economy. To “transform it”, which is never a good thing. A look at what’s really in the bill — and a look at what it going on with our supply chain.

It’s the Economy Stupid?

Remember when Bill Clinton said that? Except from the democrats, now it’s let’s make the economy stupid. Then again, remember when Bill Clinton used to be seen as “liberal”? Now, he’s downright conservative in comparison.

Imagine AOC in charge of the economy.

And remember Obamacare, and the democrats “deeming it passed”? Yeah. You can look for that kind of trickery to get the multi-trillion-dollar bill through not to transform America’s health care but her economy. How’s that health care “transformation” gone for you? Health care cheaper for you? Or for America?

No. Of course not. But by the federal government seizing control of health care, democrats have been able to use it as a weapon. It’s what we warned you about: environmental policies is how they control business. Health care is how they control people.

Jonathan Williams of ALEC on the Economy

Jonathan Williams is the executive vice president of the American Legislative Exchange Council (ALEC.org), which advises state legislature on how to improve their economies.

We talk about what’s really in the bill. AOC’s 1.5 million “climate corps” troops marshaling businesses down the new green path. A massive overturn of the economy that will weaken, not strengthen it. 87,000 new IRS agents unleashed to snoop through and spy on Americans. (Remember how Obama used the IRS to target his political enemies? Yeah. Now multiply that by 86,0000.

And perhaps worst of all, Janet Yellen’s hair-brained scheme to tax non-existent wealth. She wants to tax “unrealized capital gains.” In other words, tax money that hasn’t been made yet. That’s desperate.

And how long before they do away with “just taxing billionaires” and move on to “all those middle-class people are sitting on unrealized gains in the property values.

Problems in the Supply Chain

In case you haven’t noticed, there are a lot of areas of the country experiencing empty store shelves. How is it that just two years ago, when we had a much better economy under President Trump but we had no supply chain problems like we’re experiencing now? Could it be by design? This article from ZeroHedge alleges it may be. (And it sounds like it to us, too.)

Not to mention that Pete Buttigieg is out there sounding like he’s willing to let supply chain problems continue in an attempt to extort Congressional Republicans and reluctant democrats into voting for the massive spending bills.  (See links below.)

So, what is going on with our supply chain? And, the big question: do we need to be worried?

To get to the bottom of that, we talk with Jana Jarvis, president of OTA, Oregon Trucking Associations (ORtrucking.com). She walks us through the problems at the port, what led to them, and some concerns for the near future.

It doesn’t help that there was already a shortage of truckers before the forced pandemic. Now, the Biden administration is targeting truckers and blue collar workers with forced vaccine mandates. The ATA warns that if Resident Biden continues along this path, the industry may lose up to 37% of its truckers.

Imagine for a moment if all the truckers walked off the job in areas where there are mandates. Imagine the impact of that. I mean, talk about a people’s revolution. Just park the trucks and say no more until you get rid of these mandates. ALL of them.

Is it time for a drive out? A national walk out by truckers? If any industry could force that kind of change, it’s the truckers.

The I Spy Radio Show Podcast Version

Trapped under a heavy object? Missed the show? Don’t worry—catch the podcast version. I Spy Radio is now available on your favorite platform, or you can grab it right here. See the full list of podcast options.

Links & Further Info

  • Podcast: A Price Too High? The $3.5 Trillion Reconciliation Bill (ALEC podcast #100, Sept 28, 2021)
  • $3.5 Trillion Is a Phony Number: Budget tricks disguise the true cost of Biden’s vast entitlement plans (Wall Stree Journal, Sept 23, 2021)
  • What’s in the Democratic Tax Proposal? :Corporate tax rate would rise to 26.5% from 21%; capital-gains taxes would also go up (WSJ, Sept 13, 2021)
  • What Is Unrealized Gain or Loss and Is It Taxed? (Yahoo Finance, April 2, 2021)
  • Biden Expresses Support for Annual Tax on Billionaires’ Unrealized Gains (Wall Street Journal, Sept 24, 2021)
  • AOC, Democrats want to create ‘Civilian Corps’ to battle climate change (NY Post, May 5, 2021)
  • AOC: $10B Taxpayer-Funded Climate Change Corps Would Create 1.5M Jobs (Brietbart, May 7, 2021)
    • Really, AOC? Try to use math. That’s only $6,666 per “job.” What are they going to do, just send stimulus checks to democrats?
    • The real costs: 1.5 million activists × $40,000 per year (avg) = $60 billion. Every year. “Free” jobs for democrats. Who do you think they’ll donate to? Or campaign for? And that doesn’t even include healthcare or a lifetime of taxpayer funded pensions.

Supply Chain

  • ‘Containergeddon’ drives sugar, rice shippers back to bulk vessels (Alberta Farmer Express, Oct 22, 2021)
  • Martin Armstrong: Are The US Supply Chain Disruptions Deliberate? (ZeroHedge, Oct 24, 2021)
    • “The reality is the only way we’re going to get to a place where we work through this transition is if everyone in America and everyone around the world gets vaccinated,” [Deputy Treasury Secretary] Adeyemo admitted in an interview with ABC News.
    • THIS: Transportation Secretary Pete stated, “…The overall ‘Build Back Better’ vision is designed to reduce inflationary pressures. So if you care about inflation, you ought to care about not just the supply chain issues… but also the provisions in ‘Build Back Better’ like paid family leave, … making it easier to afford childcare, [or] community college, that are going to give us a stronger labor force and help us deal with that major constraint on economic growth.”*Sounds a lot like Blackmail to me.
  • Ports of LA, Long Beach to Fine Firms Over Container Backlog (Newsmax, Oct 25, 2021)*“In an effort to ease congestion at the nation’s busiest port complex, officials said Monday that they will start fining shipping companies whose cargo containers linger for too long at marine terminals.”
  • Horrifying: California In-N-Out Shut Down Permanently for Refusing to Check Customers’ Vaccination Status (Epoch Times, Oct 27, 2021)
  • ATA Warns Vaccine Mandate Could Worsen Supply Chain Troubles (Transport Topics News, Oct 21, 2021)
  • Consumers’ Research: BlackRock and the Chinese Communist Party (Disclose TV, Oct 27, 2021)
  • How the Infrastructure and Reconciliation Bills Affects YOU (Stop Being Sold YT Channel, Oct 13, 2021)