I’m treating this week’s Democratic National Convention much like I did the recently completed Summer Olympics, that being to ignore the event secure in the knowledge that it, too, shall pass.
This is a wisdom gained from aging on my part. I’ve learned that when you know bearing witness to an event is more likely than not going to prove to be a source of immense frustration and distaste, simply avoid it.
It’s not that I can exist in total isolation. Olympic revelations, such as pagan opening and closing ceremonies, men beating up women in the sexually fluid boxing category previously limited to biological females, and LeBron James looking like a fool acknowledging a raucous greeting not for him but for a home-country French athlete, all made it through my filter as these bon mots showed up on news feeds and even on some investing programs or web sites I frequent.
So it is with the DNC. Despite not watching a single minute of live coverage so far, still I’ve learned that Clueless Joe Biden was shunted to a late-night speaking slot well past his bedtime, that Shillary continues to sling bile and falsehoods, that the Hamas wing of the Democratic party is making lively and the convention site has been protected by, wait for it —- A WALL – like that which sent leftist Democrats into histrionics when Donald Trump began building one on our southern border to prevent the influx of the world’s riffraff.
Kamala Chameleon also is co-opting Trump proposals such as no tax on tips or Social Security.
But the cackling hyena’s main economic points are a mix of communism and socialism that would do Mao and Stalin proud and have drawn rebukes from traditionally leftist media outlets ranging from the New York Times to CNN.
The leftists insist that the inflation you continue to suffer with is not due to the regime of Harris-Biden juicing the money supply so as to create artificially high demand without a concurrent increase in product availability, but just owes to greedy grocery stores and the like raising prices simply to gouge you.
The Cackling Kamala answer is, of course, price controls, a historically failed tactic proven in past usage only to worsen the problem by further dampening supply.
Kamala Chameleon also wants to tax unrealized capital gains. You say the house you bought for $100,000 now is worth $200,000, well congratulations, you owe tax on that increase, mostly at a rate of 15 to 20 percent according to current capital gain rates.
Perhaps you have read recurring stories through recent months and years that the average American household does not have spare cash to meet an unexpected $500 expense. That’s bad news for them considering 15 percent of $100,000 is $15,000 and 20 percent is $20,000.
But, it gets worse. Cackling Kamala’s proposal is 25 percent tax for unrealized gains, so you owe $25,000 in our theoretical example.
People are going to have to sell whatever they can – stocks, bonds, other assets or holdings – to raise cash to pay tax on gains that exist only in the minds of thieving politicians.
Cackling Kamala’s economic plan includes various giveaways to favored groups, which she says in her typical nonsensical manner, will “pay for itself.”
Always, it seems, these governmental payoffs in the quest for votes, are called “investments.”
The non-partisan Committee for a Responsible Federal Budget begs to differ. It ran the numbers and found Cackling Kamala’s plan would add $1.7 to $2 trillion to our burgeoning deficit over the next ten years.
But Democrats seldom let facts get in the way of an agenda and this convention is more of the same. Keep hitting the ignore button.
Sam Ross Jr's site 