Marcus Henry Marcus Henry

The 2nd is Supreme

I have seen a great many so-called Conservatives supporting this Hunter Biden conviction. Poppycock.

The 2nd Amendment comes with no asterisks. It comes without error. It bears burden of neither interpretation nor hardship. It is clear. It shall not be infringed. The Hunter Biden conviction is an infringement.

The most devastating piece of this ruling is a simple clerical error on a form can cause Federal prosecution. A single mis-checked item is grounds for a Federal Prosecution. If the Department of Justice so decided, it could pull hundreds of millions of these forms and dig for errors. This is a clear case of the DoJ being granted the authority to shop for crimes rather than finding a crime and shopping for perpetrators. This is turning the system on its head. Hallie Biden stole and then illegally disposed of a firearm, where are her charges?

The authorities found a gun. It is unsafe to dispose of a gun by throwing it into the trash, this is unquestionable. Like dangerous chemicals, guns should be disposed of properly of course. How did the person who performed this act walk free? All Hunter did was buy a gun and keep it; why was he prosecuted while the person who unsafely discarded the gun was not? This is a clear attempt to create a precedent to go after legal gun holders for doing nothing. This is a power grab by the system and nothing less.

A true, Republican, Constitutional Conservative will denounce this prosecution, trial, and conviction. Full stop. We need to use this as one measure by which we judge our candidates. We need to vet our candidates wholly. Nothing less is acceptable.

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Marcus Henry Marcus Henry

Joe Gotta Go

I met these folks. They were parked in front of a shopping center in Waxahachie. I was not paying any real attention driving down the road; my son, on the other hand, was more observant at the time. He yelled out that there was a “festival” and a lot of cool stuff. All three children wanted to attend; I obliged.

I spoke with their representative, Bruce C. Carter, and others involved. They let me know what they were about and what they did. Given the organization’s name, it is not difficult to imagine their purpose and mission. They hold beliefs that are similar to my own and I did throw my support behind them. I love that they lead with, “We Didn’t Vote For Him And We Are Still Black.”

I will be voting for Donald Trump in this coming election. It appears they will be as well. My kids liked the bus, lived the people, and liked the merchandise. Go team go! Trump 2024!!!

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Marcus Henry Marcus Henry

Tax Hikes

The discussion around capital gains tax, particularly in relation to seniors, is crucial as it directly impacts their financial stability and tax burden during retirement. Here's a summary of the key points regarding capital gains tax and its implications for the elderly:

Taxes are a large part of American life. For most households, the top two expenditures are housing (rent/mortgage) and taxes. There is no larger bill. Some of these taxes are straightforward, such as income tax; some are not, such as capital gains, property, estate, etcetera…

What is clear is that the Tax Cuts and Jobs Act (made effective by the Trump Administration on January 1, 2018) lowered the tax bill for all Americans, and Biden has stated he will not renew it. Biden has also promised that anyone making $400,000/yr or less would not pay a penny more in taxes. These two ideals are incompatible. One cannot dispose of a tax cut for people making $25,000/yr and not raise taxes on those individuals; this makes no sense.

Now, Biden is threatening to raise taxes for a large portion of Americans making under $400,000/yr again. Biden has proposed an increase to the capital gains tax. Luckily, only Congress has the power to tax, not the Executive branch, but with all the Biden rubber-stampers in Congress, this is not a cause to abandon.

When capital gains tax increases, the burden falls to the middle class, the elderly, and our children to pay for it. Capital gains tax is assessed in situations involving the sale or exchange of:

  • A home

  • stocks

  • bonds

  • ETFs

  • crypto

  • And many more

While a change in this rate impacts nearly all Americans, it dramatically affects one of our most vulnerable populations: the elderly. When working with a financial advisor, usually a plan is set forth with a mixture of cash, non-taxable assets, and capital assets subject to capital gains. Altogether, this is referred to colloquially as a “nest egg”.

If the tax burden of a withdrawal from your nest egg, the amount you need to accumulate therein increases as well. For example, say you planned to retire on $8,500 per month. Assuming a growth rate of 3% and a capital gains tax of 15% one would need $4M in their nest egg to hit this number (this is highly dependent upon how long they have been saving and what the asset mix is, for the sake of brevity, we will say the entire value at retirement is principal invested in the capital markets).

Now, under the same conditions, if the capital gains rate would be 20%, the number goes up to $4.25M. Again, at a capital gains rate of 30%, we would have $4.86M. The capital gains tax determines how easily an American can retire without becoming reliant upon the Government.

This is why it is crucial to fight against these tax hikes. A tax hike causes We, the People, to become more impoverished. A more impoverished people is more reliant upon its Government. A more reliant people is more subjugated. We do not bite the hand that feeds us, after all.

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