Tag Archives: Tax

Financial dissatisfaction hits a 50-year high in the United States of America

President Joe Biden tweeted this on Monday: «At the time I took office about 16 months ago, the economy had stalled and COVID was out of control. Today, thanks to the economic plan and the vaccination plan that my Administration put into action, America has achieved the most robust recovery in modern history.»

At the same time, we see that 83% of Americans describe the state of the economy as poor or not so good, according to a poll by Wall Street Journal. Biden`s poll numbers are also below those of Donald Trump. Not only that.

Another poll shows that 35% of Americans are not satisfied with their financial situation, which is the worst result in 50 years.

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Biden often said that Trump was the worst president in history and an existential threat to the nation`s democracy. I wonder what he is saying about himself right now? It must be a bitter pill for an anti-Trump politician like Biden to be outclassed by the 45th president.

On April 2, Biden`s approval rating was 40% while Trump`s was at 50% the same day in 2018. Instead of gaslighting voters, Biden should clean up the messes and fix the inflation asap.

Trump`s vision was lower taxes, but president Joe Biden turned that upside down. People are paying more tax under Biden, than under Trump. On top of that, people must pay more money for their products, which is a hidden tax and makes people`s money less valuable.

Higher gas prices are good for oil companies but very bad for people and the economy. In the long run, it could kill the economy, and today, gas prices in the U.S hit a new record high of $4,91 a gallon (average price). In California, the price is $6,37 a gallon. People don`t like it, but Biden says everything is fine.

Something must be wrong here because there is a huge disconnect between president Biden and the people. And that isn`t good for the democrats at all. If this continues, GOP can win big in the mid-term election in November.

Another poll shows that the GOP is in the best midterm position in 80 years (2 pts lead), according to CNN.

Not even Liberal Media is ignoring Biden`s crisis anymore. They are also lukewarm on his potential second term.

Earlier today, Biden tweeted this: «The fact is America is in a stronger economic position today than just about any other country in the world. Independent experts have even projected that the U.S economy could grow faster than China`s economy this year. That hasn`t happened since 1976».

People`s lives are worse under Biden than under Trump. But people voted for Biden. They asked for it. They got what they asked for. Higher taxes, and inflation. President Joe Biden is the most popular president in U.S history. He got more votes than Obama and Clinton.

On the day he was inaugurated, Biden said; «Today, we celebrate the triumph not of a candidate, but of cause, the cause of democracy. The will of the people has been heard and the will of the people has been heeded.»

The love for Joe Biden was huge in the Hate Trump Media, on the day Biden was inaugurated. «The reason Biden has to do this is that he`s just so incredibly popular,» Don Lemon said on CNN at that time. «The lights from Lincoln Memorial were like Joe Biden`s arms stretching out to all American,» CNN said.

Axios said at that time in January 2021, Biden is charting an economic policy that was visible to the left of Bill Clinton and Barrack Obama. Biden proposed a $1,9 trillion economic stimulus plan and a $15 minimum wage at that time, and employers, employees, and economists warned it will kill millions of jobs.

We are living in times with a lot of challenges, and more trouble is on the way. Famine is probably the most serious one. Chairman and Chief Executive of JPMorgan Chase & Co, Jamie Dimon, said a few days ago that we all must brace for U.S economic «hurricane» due to inflation. Earlier he said storm clouds looming over the U.S economy, but he has changed the rhetoric.

Right now, it`s kind of sunny, and things are doing fine, but the hurricane is right out there down the road coming our way, Dimon said. We just don`t know if it`s a minor one or Superstorm Sandy, he added.

The Fed is under pressure with inflation that is more than three times its 2% target, and that has caused a jump in the cost of living for Americans. It faces the difficult task of dampening demand enough to curb inflation while not causing a recession.

Dimon urged the Fed to take forceful measures to avoid tipping the world`s biggest economy into a recession.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Big Pharma = Big business

Once the Covid-19-vaccine was developed, many different companies launched their version at the same time, and the authorities started with the elderly because they were in the risk zone. First, you got one shot. But then, they said you needed a new one. And then a third one, and maybe four shots before you need to top it all with a booster.

Not only that. On top of that, you need to buy a test for you and your family. If everybody around the world can do that, and continue to do that for some time, I think it will be good business for the Big Pharma industry.

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Big Pharma is doing a great job. They make medicines and vaccines that save lives. This is good. But, there is another side of the coin, and that isn`t good at all.

We all understand that corporations like Apple wants to sell as many phones as they can to the whole world. But what if Big Pharma does the same? The more sick people are, the more they earn. And investors like it and want more.

Many of the Covid-19-vaccines are paid by «We the people.» What they got in return is a vaccine, and the more they sell, and the higher the prices are, the more they earn. So, sick people are a great business.

Pfizer came out with an earnings report yesterday (Feb 8), and CEO Alberta Bourla said it expects 2022 sales of its Covid-19 vaccine and antiviral pill to top $54 billion, according to Reuters. Sales for its oral Covid-19 antiviral, Paxlovid, could be «way bigger» than Pfizer has to forecast.

Pfizer executives said the company is in active discussions with over 100 countries about Paxlovid and has the capacity to top 120 million courses if needed. Pfizer developed the covid-19 vaccine with Germanys BioNTech SE.

According to Peoples Vaccine Alliance, the companies behind two of the most successful Covid-19 vaccines (Pfizer, BioNTech, and Moderna) are making combined profits of $65,000 every minute.

That`s about $1,000 every second.

Overall, Pfizer expects 2022 sales of $98 billion to $102 billion. By comparison, the commercial recorded music industry grew by 7,4% to a total value of $31,6 billion in 2021.

So, if you want to invest your money for a big profit, you should invest in corporations that earn money on sick people. Not corporations that make people happy. The music industry.

According to Peoples Vaccine Alliance, Big Pharma earn money thanks to their patent monopolies for successful vaccines against the coronavirus, development of which was supported by $100 billion in public funding from taxpayers in the U.S, Germany, and other countries, the three corporations earned more than $26 billion in revenue in the first half of the year, at least two-thirds of it as pure profit in the case of Moderna and BioNTech.

According to Fortune, Germany funded the development of Pfizer`s Covid vaccine. Not U.S`s Operation Warp Speed.

The Alliance also estimates that the three corporations are over-charging, pricing vaccines by as much as $41 billion above the estimated cost of production.

Big Pharma`s business model is clear; receive billions in public investments, charge exorbitant prices for life-saving medicines and pay little tax.

This is gold dust for wealthy investors and corporate executives but devastating for global public health.

Instead of partnering with governments and other qualified manufacturers to make sure that we have enough vaccine doses for everyone, these pharmaceutical companies prioritize their own profits by enforcing their monopolies and selling to the highest bidder.

Profits before people.

In the first half of 2021, Moderna paid a 7% US tax rate and Pfizer paid a 15% tax rate, well below the US statutory rate of 21%. BioNTech which is a German startup that produced the recipe for the Pfizer vaccine paid a significantly higher tax rate of 31% tax rate in Germany.

New estimates of the cost of production for the successful mRNA covid vaccines suggest they can be produced for as little as $1,18 a dose of COVAX. Available reported prices to suggest that governments worldwide are paying between 4 and 24 times more than they could be for Covid-19 vaccines.

In other words; the cost of vaccinating the world against Covid-19 could be at least five times cheaper if pharmaceutical companies weren`t profiting from their monopolies on Covid vaccines. This is money you could spend on education and happiness.

The world is now talking about booster shots and realizing how much power has been vested in the hands of vaccine makers. They can hold the government hostage. They can force people to pay through their nose.

The CEO of Pfizer has suggested potential future prices of as much as $175 per dose. That`s 148 times more than the potential cost of production. If you need a booster shot every single year of the foreseeable future, vaccine companies can dictate every single line and clause in their top-secret contract to the governments around the world. It sounds like a vaccine robbery.

There is no doubt; Big Pharma is dangerously powerful. They decide who`s gonna live and die, and governments around the world are the only ones to do something about it. They should be there for the people.

Truckers and other people around the world are protesting against the government and their vaccine mandates and the crowd are growing bigger and bigger. Journalists and MSM say; «Take the vaccine!» «Take the vaccine!»

Leftist Marxist media and the governments are dividing people, claiming that the protesters are unvaccinated, fringe minority, misogynist, extremist, Trump-supporters, Nazis, Domestic terrorists, QAnon supporters, White supremacists, Homofob, Sexist, Racist, and so on. This is how they always smear the right side. This is how they always demonize people on the right side. This is a classical “we” versus “them.” Tell me; Is this how you unite people?

Pfizer is accused by a former senior US health official of «war profiteering» during the pandemic. Tom Friedman, who was director of the US Centers for Disease Control (CDC) and Prevention under Barrack Obama, said: «If you`re focusing on maximizing your profit and you`re a vaccine manufacturer, you are war profiteering.»

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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The war on successful people

There is no doubt that Trump created growth and jobs. But that was before the virus came in and destroyed the growth. Now, there is a different mindset in the White House. The Biden administration wants to increase the taxes.

The democrats tax hike plan is to increase the taxes on top individual of 39,6%. Top corporate rate will jump to 26,5% and 3% surtax on income over $5 million. This is a typical socialist agenda among socialists.

We know from history that Communism doesn`t work. We know that socialism isn`t Communism, but it`s Communism light if you will. Cutting the head of successful antrepreneurs has never worked in the long run.

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What people and socialists around the world should understand is that you are dependent of creative antrepreneurs. They are the reason why you have so much wealth and health right now. They gave you a luxury car, a smart phone and lots of internet of things.

They created products a lot of people around the world demanded. That demand was great business for the antrepreneurs and their businesses, and that is were the money to the socialists comes from. You cannot run a country without socialism, but you are dead without capitalism which comes first.

Tax foundation president Scott Hodge said the Biden tax plan will shrink the size of the economy by 1%. It will also cost the economy about 165,000 jobs. Shrink wages and capital stock. So, it will fewer jobs and the growth will be slower.

The tax on induviduals in New York will increase over 60% and that will make many people to leave Manhatten and flee to for example Florida were they treat people much better than any other places in the U.S.

Corporations will do the same. They will run as fast as they can to other places with a better tax plan. We also know from history that places with rich people and big corporations will have bigger growth than places with higher taxes and slower growth.

A research study found that about 51% of the economic burden on the corporate income tax falls on workers through lower wages. We saw the opposite happened under Trump. Growth went up and so did the wages.

The groups that are most harmed by the tax hike are women, low-skilled workers and younger workers The most marginal workers in the workforce.

So what we`re going to see from raising corporate taxes is a shrinkage of those kinds of jobs for the most vulnerable people in America.

House Democrats aim to raise a $2 trillion in tax revenue, and that is a very agressive tax plan.

To contact the author: post@shinybull.com

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Biden is not a capitalist but a “far-left” politician

«I`m a capitalist, but here`s the deal…..» president Biden said. He also bashes trickle-down economy. Steve Forbes said Biden is not a capitalist. He is a far-left politician. Economists like Forbes are concerned about the rising inflation.

Core PCE prices in the US, which exclude volatile food and energy cost, increased 3,1 percent YoY in April of 2021, following an upwardly revised 1,9 percent gain in March and compared to market forecasts of 2,9 percent.

It is the highest rate since the 1990s, bringing it well above the Fed`s 2 percent target.

The Core Personal Consumption Expenditure Price Index provides a measure of the prices paid by people for domestic purchases of goods and services, excluding the prices of food and energy. The core PCE is the Fed`s preferred inflation measure, and the targest is 2 percent.

President Biden released a proposal that calls for $6 trillion in additional spending over the next decade. An ambitious plan that would run a $1,8 trillion federal government deficit despite a raft of new tax increases.

The budget proposal incorporates the American Jobs Plan, the American Families Plan and the $4 trillion infrastructure. Looking for the expectations about unemployment, the White House sees it falling to 4,7% by the end of 2021, 4,1% in 2022, and 3,8% the following year. They expect it will remain at 3,8% for the ensuing seven years.

The Treasury Department said that the deficit for the first seven months of fiscal 2021 still hit a new record of USD 1,932 trillion, which is a 30% increase from the same period of fiscal 2020.

Somebody have to pay for all the debt, and that is the people. To solve that, Biden wants people to pay more tax, but inflation (higher prices) is also a form for tax. A hidden tax.

To contact the author: post@shinybull.com

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Biden will discuss spending with top lawmakers this week

Trump cutted taxes and MSM said he was crazy. It is the republicans job to have as low taxes as possible. It is their policy. The same cannot be said about the democrats.The Biden administration will discuss spending with top lawmakers this week, and republicans think it sounds scary.

Biden wants to increase the taxes and that can have an impact on businesses and money makers. On top of that we also have inflation, which is also a hidden tax. Add higher interest rate on top of that. Bill Clinton did much of the same in the 90`s and as long as I can remember, it went well. But this time is probably different with covid-19 and lockdown.

Investors expected more than 1 million jobs in april, but only 266 thousand is what the Biden administration saw come in. They also expected unemployment rate at 5,8% but it jumped to 6,1% and all this was a big, big, big surprise to the market, and investors sent the market down on Monday.

Things have changed in the White House, and Maria asked Mr Mulvaney when was the last time the government gave $300 to people on a permanent basis. «If you pay people not to work, they are not going to work,» Mulvaney said.

To contact the author: post@shinybull.com

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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