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The Democrats are telegraphing their next financial move: they want to tax your wealth. From provisions of President Joe Biden’s budget proposal to Massachusetts Democrat Senator Elizabeth Warren’s re-proposal of a wealth tax only for the wealthiest, it’s clear that we need to remain vigilant against this nefarious obsession.

Last fiscal year, the U.S. took in as "revenue" (primarily in taxes) north of $4.4 trillion. This is a staggering amount that is hard to get your head wrapped around, so let me provide some context. This amount is more than the entire GDP of every single country on earth other than the U.S. and China.

With $4.4 trillion in revenue, if the government had kept their spending levels equal to FY 2019 spending, the U.S.’s yearly financial position would be about break even; FY 2018 spending levels would put us in a surplus.

IRS SAYS 940,000 PEOPLE HAVE NOT CLAIMED EXPIRING 2020 TAX REFUNDS TOTALING OVER $1B

The reality is that the government does not need any more money. It does, however, need to be severely restructured and downsized.

Sen. Elizabeth Warren, D-Mass., is pushing for a tax on the super wealthy. But it won't stay that way. (AP Photo/Jacquelyn Martin, File)

Despite that, the government keeps spending trillions of dollars in excess of the trillions they take in each year and are looking for........

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