So the national wealth tax is dead, what next?

After Pocahontas and the North East libs were caught reducing taxes on wealth, we have to accept reality, there will be no national wealth tax.

There will be no tax and sequester, the Clinton/Obama strategy, Trump is an AOC believer, use debt to spend.

Now what?

Gavin and I are on the same page, tax the rich liberals in California and keep the wealth taxes home. Texas will agree, as will Florida; there is no tax the wealth, Pocahontas revealed as a fraud.

Powell will restart QE and we will see another period of 150 billion per year collected in a bond tax by the Fed.  I have no idea how that works in Swamp finances, yet.  I suspect we have already triggered a small recession, and it is likely a fielder's choice on selecting the particular quarter.

One thing is certain. If Gavin and I do not get our wealth taxes then it will pretty much be a long slog of a downturn as California does the swing.  Gavin is not doing the global warming taxes fraud, we have already had our share of yellow vesters and Gavin is scaredy pooh of the French thing.  The scam his exposed.

What about the prop 13 revision?

That is two years away, the crisis will arrange to arrive before that decision is made.  If we borrow and wait the two years, then the North East is held in limbo until the last moment, the way Obama had to do it on the tax and sequester deal.  Obama had to wait to make sure Jerry got his wealth tax before Obama could deal with the Swampers.

Too many events stretch out the tax decisions beyond sustainable.  Go with the California wealth tax now, get it done.  This is not some two step swindle I am foisting on us; it is the simple reality of the near term, we need the tax to buy time before the full Venezuela.  Give everyone out here some thinking and pondering time.

The correct answer

On the national level, a deal with the public sector unions.  A good start at a bailout in return for severe restrictions on union activities in state politics. 

That concept was discussed briefly ten years ago, then dispensed. The default conditions is no deal, and that is a fairly bad situation for all of us.  The 'no deal' is what gave us the Pocahontas fraud and is why Illinois is stuck.  The role of a national tax is gone, since no deal is to be had.

We end up with QE at the national level, a quite regressive tax I might add. The debt cartel passes that tax down, and we get hit with enormous ATM fees, direct transaction fees on our use of cash.