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Varney: Exhausting the abundant won't spend for Democrats' costs
FOX Company' Stuart Varney states the abundant will not have the ability to pay for all of Democrats' costs.
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STUART VARNEY: Senator Elizabeth Warren simply told the globe just how bit the left comprehends about money. She is a political leader, driven by ideology. Socialist belief. Not economics.
She claimed this: I'm abbreviating so the factor is clear: "We require to obtain the billionaires to actually pay income tax … we have a debt trouble partially due to the fact that the very richest individuals simply aren't paying."
Point primary: Legislator Warren intends to seize the billionaire's riches. Not tax it, seize. Take. Seize.
That is constitutionally suspicious.
Point second: our enormous financial obligation is the result of large over-spending. It's not the result of the abundant "not paying their reasonable share." Tax profits are already at document levels: it's spending that's pushed us into unmanageable financial debt.
Regardless of how much you "tax the rich," you won't spend for all the costs that Legislator Warren needs.
And afterwards there's Elon Musk, a male worth over $200 billion.
Legislator Warren tweeted that he must pay taxes and stop bumming of everybody else.
Musk is not a male to take that relaxing. He discharged back, calling her "Legislator Karen."
" If you opened your eyes for just 2 seconds, you would realize I will pay even more tax obligations than any kind of American in history this year."
He took place: "Don't invest everything at the same time … oh wait, you did already."
The billionaire as well as the socialist!
The billionaire won!
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Varney: Taxing the rich won’t pay for Democrats’ spending
Varney: Taxing the rich won’t pay for Democrats’ spending
FOX Business' Stuart Varney says the rich won't be able to pay for all of Democrats' spending.
...
STUART VARNEY: Senator Elizabeth Warren just told the world how little the left understands about money. She is a politician, driven by ideology. Socialist ideology. Not economics.
She said this: I'm abbreviating so the point is clear: “We need to get the billionaires to actually pay income tax… we have a debt problem partly because the very richest people just aren't paying.”
Point number one: Senator Warren wants to confiscate the billionaire's wealth. Not tax it, confiscate. Take. Seize.
That is constitutionally questionable.
Point number two: our massive debt is the result of massive over-spending. It’s not the result of the rich “not paying their fair share.” Tax revenues are already at record levels: it’s spending that’s pushed us into uncontrollable debt.
No matter how much you “tax the rich,” you won't pay for all the spending that Senator Warren demands.
And then there's Elon Musk, a man worth over $200 billion.
Senator Warren tweeted that he should pay taxes and stop freeloading of everyone else.
Musk is not a man to take that lying down. He fired back, calling her “Senator Karen.”
“If you opened your eyes for just two seconds, you would realize I will pay more taxes than any American in history this year.”
He went on: “Don't spend it all at once... oh wait, you did already.”
The billionaire and the socialist!
The billionaire won!
...
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FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.
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