Biden Admin Says They Own All Businesses, No Escaping US’ Marxist Tyranny, Calls For ‘Global Minimum Tax’

Posted by on April 5, 2021 4:33 pm
Tags:
Categories: The Beltway Report

It’s official, the United States is fully under the control of Marxist technocrats.

No longer is the United States operating under the principles by which we were founded.  If there was one principle of the American Revolution is was that each human being was a sovereign soul who belonged no no one.  Obviously it took sometime before this principle was properly applied to ALL humans.  Nonetheless, the individual was the highest and most important part of society, and government was the lowest.

All that has been flipped on its head now and radical Marxists have seized control of the levers of power and it seems clear that they have no intention on ever relinquishing that power.

The Biden Administration is about to announce that everything under the Sun belongs to them.  No, the product of your labor does not belong to you, it is the State’s, and if you are lucky they will let you keep a little.

Not only do you belong to the government, so do all the corporations under the sun.

I can not believe that this is not the lede story on conservative media right now.  The former Chairman of the PRIVATELY OWNED FEDERAL RESERVE who is now the Treasury Secretary (how is that for incest) Janey Yellen is demanding a ‘global corporate minimum tax rate’.  The translation of that is as follows ‘we can raise taxes as much as we want and you can not flee our tyranny to avoid them, the United States government owns you’.

Newsmax is reporting:

Treasury Secretary Janet Yellen will argue Monday for a global corporate minimum tax rate as she pushes President Joe Biden’s plans to raise levies on U.S. companies, a person familiar with her remarks said.

Yellen’s comments, reported earlier by Axios, are part of an effort to prevent companies from seeking locations with lower taxes as the administration seeks higher levies on American firms to help pay for a $2.25 trillion infrastructure program.

“Competitiveness is about more than how U.S.-headquartered companies fare against other companies in global merger-and-acquisition bids,” Yellen will say in a speech to the Chicago Council on Global Affairs. “It is about making sure that governments have stable tax systems that raise sufficient revenue to invest in essential public goods and respond to crises, and that all citizens fairly share the burden of financing government.”

Yellen will say the U.S. is working with G-20 nations to find an appropriate minimum “that can stop the race to the bottom.” The U.S. is involved in talks led by the Organization for Economic Cooperation and Development with about 140 countries to develop a global agreement on minimum levies, but participants haven’t yet reached a deal.

Biden’s plan, unveiled last week, includes raising the corporate income tax rate to 28% from 21%. It was lowered from 35% under President Donald Trump. The Biden administration is also seeking a 21% global minimum tax, which would be an increase from the roughly 13% that corporations currently owe on offshore earnings.

“Together we can use a global minimum tax to make sure the global economy thrives based on a more level playing field in the taxation of multinational corporations, and spurs innovation, growth, and prosperity,” Yellen will say.

No Janet, adding taxes has absolutely nothing to do with making sure the economy grows and prospers and has everything to do with your owners’ ability to steal and redistribute money though the auspices of the state and their extortion racket, also known as taxation.

This is a clear declaration that the Biden Administration owns every business which seeks to sell a product or offer a service to assets of the Biden regime (those assets used to be called citizens before Biden’s coronation).

The Marxists think they are in full control.  Whether that is true or not is up to you.  Will you put up with this?

The post Biden Admin Says They Own All Businesses, No Escaping US’ Marxist Tyranny, Calls For ‘Global Minimum Tax’ appeared first on The Beltway Report.