As I noted in yesterday’s article, congresswoman Alexandria Ocasio-Cortez (D-NY) will be the public figure in charge of selling the American people on a “wealth tax.”
President George W. Bush sold America on the Patriot Act.
President Barack Obama sold America on Obamacare.
Alexandria Ocasio-Cortez will be selling America on wealth taxes and other cash grabs.
The ideas of wealth taxes have been floating around the radical left for years. Both former Presidential candidates Bernie Sanders and Elizabeth Warren pushed for wealth taxes during their campaigns.
Warren wanted to tax 2% of assets for households worth more than $50 million and 3% for those worth more than $1 billion. Sanders’ plan was even more aggressive, with a 2% tax on those with a net worth over $32 million and an 8% tax on those worth over $10 billion.
Neither candidate made it to the finish line for the 2020 election, so the left has turned to Alexandria Ocasio-Cortez to pick up the narrative. And just like Warren and Sanders, she’s focusing on the super wealthy, so Americans will “sign off” on the idea.
This same story played out with both the Patriot Act and Obamacare. The political elite always sell the American people on aggressive policies by presenting the policies in the least offensive manner possible.
After all, who could be against the government spying on people if it is designed to just target terrorists?
And who could be against the government taking over healthcare if you can keep your doctor and will save $2,500 per year on your healthcare bills?
And who can be against taxing billionaires and multimillionaires 2% of their net wealth?
Except that’s not the plan at all.
The IMF has already shown us the plan… which is a 10% tax on NET WEALTH for everyone.
To shore up sovereign balance sheets (reduce debt levels). And believe it or not, some of this plan has already been signed into law.
Did you know that in 2011, the US passed legislation that would allow regulators to:
1) Freeze bank accounts and use them to “bail-in” financial institutions/ banks.
2) Close the “gates” on investment funds/ money market funds to stop you from getting your money out.
3) Impose wealth taxes and seize unused assets.
If you think that’s bad, consider that the Fed plans to both seize and STEAL savings during the next crisis/ recession.
If you think this sounds like a “conspiracy theory” we’ve actually uncovered a secret document outlining exactly how the elites plan to do this. It was written by a man who has served as an advisor to THREE separate central banks.
We detail this paper and outline three investment strategies you can implement right now to protect your capital from the Fed’s sinister plan in our Special Report The Great Global Wealth Grab.
We are made just 100 copies available for FREE the general public.
Today is the last day this report it will be available. We extended the deadline by 24 hours, but this is it. No more extensions.
You can pick up a FREE copy at:
Chief Market Strategist
Phoenix Capital Research