Varney: The greatest wealth transfer in history is here

'Varney & Co.' host Stuart Varney argues Biden is laying the groundwork to 'seize your money' with tax hikes on wealthy Americans. #foxbusiness #varney

FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York - the business capital of the world - FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.

[leondonald]

Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies.

[barttfisher]

The time and effort required for tax filing can be significant. Are there ways to simplify the tax filing process for my situation, potentially freeing up more time to focus on managing my investments?

[evelynkope]

There's not a Democrat in this country I would vote for.

[wk.t]

I am sure that the Democrat politicians will have exemptions for them and their children.

[paintchip]

They want to tax you on stuff that's already been taxed

[dorothysnowdon]

Welcome to communism. Portugal did the same years ago, tax on property. Poor farmers having lived on their farms for generations had to pay a tax on their ‘assets’. They couldn’t pay, foreigners bought them at a knock down price for holiday properties.
The commies Blair and Brown taxed our pension funds (windfall), companies closed their pension schemes, state pension schemes still offer fabulous pensions. Getting a promotion means that your new salary goes into calculating your future ‘pension pot’ and you pay tax on something you don’t have! Doctors etc leaving work is the result, they don’t want to pay tax on a lie. 🙀🇬🇧🇺🇸

[stacydalebarendse]

Remind me how much Senator Warren is worth. The only reason they go into gov is to inside trade with impunity.

[Phoenix_Enterprises]

"The problem with Socialism is eventually you run out of other peoples money." -Margaret Thatcher

[williamfoulk]

STAND FOR SOMETHING OR FALL FOR ANYTHING AMERICANS!!!

[poingy]

I think the babyboomers need to consider who they leave their money to. If you're kid is a liberal and is helping usher in socialism then why would you help them. Leave it to a conservative kid or school that will help preserve our country and it's freedoms.

[feliciacameron]

I feel sad that even though I am investing, I don't have the brain power to dig through how each company is doing, is this a good time to buy stocks or not, my reserve of $450K is laying waste to inflation and I don't know what to do at this point tbh, I need solid data on market trajectory

[radamson]

It's funny how the transfer of money from the rich to the poor always ends with a good portion of it in the pockets of the people doing the transferring!

[cornelkittell]

Most of what government seems to do these days is jump in to help those that continue to make bad decisions.

[tonyacerra]

I am 65 years old. I worked 38 years as a union carpenter in the freezing cold and extreme heat. I passed the entry test because I studied hard in junior high and high school where after those last 6 years I only missed the honor roll 1 or two times because I struggled with cutting weight for the team. My parents gave us very little. The secret in life besides working hard is two letters, IQ.

[phillipharris]

This is already being done through inflation.

[albacusBC]

Yes, the stock market is currently rather unstable, but if you perform the proper calculations, you should be alright. I believe there are many wealth transfers taking place during this downturn if you know where to look because Bloomberg and other finance media have been documenting stories of people making over $250k in a matter of weeks or couple months.

[kencole]

Their actions don't sound like for the people, more like greed and perverted deception!😮

[huemann]

1964 minimum wage was $1.25. If you take 5 quarters from 1964 and sell them to the coin shop for their silver content you will get over $25. This is why the monetary system is broken. Fiat currency.

[aerodicus]

Kovid was a wealth transfer, Ukraine is a wealth transfer, opening the border is a wealth transfer, etc, etc.

[DianeSturlinXX]

It's going to be a whole lot worse before it ever gets any better 😔