by Thomas Reiner, Quartz Mountain Commentary, ©2026
(Aug. 19, 2026) — The DSA mantra is that the wealthy are stealing gargantuan amounts from The People, “forcing” the less wealthy to commit robbery from local stores as reparations for the injustices bombarding them daily from their iPhones and 80” HDTVs. This was to “get even” by the DSA Democratic Party to enact Wealth Taxes at both the state and federal levels. After all, it was only a “one-time” 5% tax on the net worth of billionaires. Cough it up so we can create our Socialist Paradise where everything is free. The electorate was hoodwinked and voted in all these punitive measures. Never mind that the top 1% already paid 38.4% of federal taxes.
What seemed so logical and righteous quickly turned into a nightmare. What exactly is net worth and how does the Central Government uncover said wealth to forcibly extract it from these horrible people? The “solution” was for the DSA Democratic Party to recreate Orwell’s “1984” Ministry of Plenty, complete with dictatorial powers that would have made Stalin blush. However, every uncovered asset rock only revealed another underlying rock, litigated by a newly formed army of lawyers protecting those assets of the wealthy. The costs were so great that the Ministry of Plenty ballooned with a $50 billion budget attempting to snare only 989 billionaires in the United States. To correct this imbalance, the Wealth Taxes expanded to include half-billionaires and soon to one-tenth billionaires. What about millionaires and thousandaires? Inflation was never taken into account, and the lessons of the 1969 Alternative Minimum Tax were ignored. AMT was designed to fleece 40 upper- income people, but they never paid a penny. Inflation rose and eventually snared the Middle Class several decades later. To worsen the crisis, those sneaky billionaires soon fled to Shanghai, China to ironically join Neville Roy Singham, the financier of the American Progressive Communist movement.
The problem of net worth has been troubling. The Ministry of Plenty is a cash-only “business” and Billionaires are actually cash-poor. Their wealth is tied up in their businesses and stock portfolios that have created modern wonders such as cellphones, satellites and medical discoveries as well as job creation. The rich typically don’t own anything, as they borrow money to purchase mansions and yachts. Do these liabilities offset the value of net worth? Because of the “cash is king” philosophy to pay the wealth tax, the stock market crashed when they sold off to pay the taxes causing millions of Americans to lose their jobs. The increased cost to the Central Government to cover unemployment and welfare caused inflation to soar, and it is still rising.
Guess what happened with the “one-time” tax? The Wealth Taxes became permanent and renamed as an annual “Fair Share” Tax as the 5% rate exploded. Inventions and Amazon raised prices with lengthened delivery times while new businesses failed at an extraordinary rate. The Ministry of Plenty had become wildly successful. Eventually, everyone was equally poor and finally the Socialists took off their masks to reveal that they had always been Communists. The DSA Democratic Party was exorbitant, triumphant and ruled permanently with an iron fist as they ruled in luxury over the destitute masses.
They did build that monstrosity, proving everything Obama promised had been a big lie.
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