By Capt Joseph R. John, September 11, 2024

If you are an American who own property, owns a home or condo, have an investment in the stock market, have invested your capital in an Investment Trust, have invested your funds in a employment sponsored 401(k), or have invested capital in a Defined Benefit Plan, we encourage you to read the below listed Wall Street Journal Opinion Piece by Hal Scott and John Gulliver of September 10, 2024, entitled “You Would Pay Harris’ Wealth Tax”. 

Comrade Harris’ radical annual 25% Wealth Tax on UNREALIZED Capital Gains would crush the US Stock Market, force Americans to sell their homes to pay the Annual Federal Income Tax on the annual UNREALIZED Capital Gain on their homes, will grind initial public offerings to a halt, and would force American workers to pay an annual Federal Income Tax from funds in their company 401(k) to cover the cost of the UNREALIZED Capital Gain Tax. The net result is that the Wealth Tax would destroy the US Free Enterprise System.

If elected, Comrade Kamala Harris fully intends to double down and impose her father’s Marxist Economic Policies on the US economy.  She will impose the Soviet Style Price Controls on all US businesses, while at the same time she will impose the Marxist destructive “Annual” 25% Wealth Tax on UNREALIZED Capital Gains prior to the sale of any investment being taxed year after year.  Another Marxist inspired government economic plan, supported by Comrade Harris, is to give low income Americans and Illegal Aliens $25,000 for a down payment to purchase a home---what Kamala is not telling the American people is that the Marxist economic program excludes all low income “White” Americans.

Kamala’s aides state that The Wealth Tax will be imposed on Americans with a net worth of $100 million; once it is imposed, it will still destroy the US Free Enterprise System, because it will grind initial public offerings to a halt, and will crush the US Stock Market.  Like all oppressive Marxist policies, in a very short time, it will definitely be expanded to include “all” Americans regardless of their net worth.

The below listed Wall Street Journal article, “You Would Pay Harris’ Wealth Tax” is a MUST-READ ARTICLE.  It should be shared with those in your address book, to provide them with full disclosure on what Comrade Kamala Harris, Comrade Tim Waltz, Comrade Barack Obama, and Obama’s Marxist allies have in store for American Citizens and the US Economy.

Copyright by Capt Joseph R. John.  All Rights Reserved.  The material can only be posted on another Web site or be distributed on the Internet by giving full credit to the author.  It may not be published, broadcast, or rewritten without the permission from the author.

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