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Hip-hop mogul 50 Cent drew volcanic backlash from leftists who essentially echoed Joe Biden’s racist rebuke that “You Ain’t Black” if you don’t support a Democrat. 50 Cent endorsed President Trump, citing Biden’s alarming tax plan, which the rapper says would siphon away 62% of his earnings every year.
50 Cent (real name: Curtis Jackson) wrote on Twitter and Instagram: “WHAT THE F–K! (VOTE For TRUMP). I’M OUT. F–K NEW YORK. The KNICKS never win anyway. I don’t care [that] Trump doesn’t like black people. 62% are you out of ya f–king mind.”
50 Cent posted a screenshot from a CNBC broadcast that showed that he would be subject to these draconian tax rates if Biden were elected:
- California: 62.6%
- New Jersey: 60%
- New York State: 58%
- New York City: 62%
👀WHAT THE F*CK! (VOTE ForTRUMP) IM OUT, 🏃♂️💨F*CK NEW YORK The KNICKS never win anyway. 🤷🏽♂️I don’t care Trump doesn’t like black people 62% are you out of ya fucking mind. 😤 pic.twitter.com/uZu02k2Dlz
— 50cent (@50cent) October 19, 2020
Numerous leftists blasted 50 Cent, suggesting that he sold black people out because he endorsed President Trump.
Critics ignore that Trump’s Platinum Plan benefits Black America by promoting black employment and providing unprecedented federal funding to black colleges forever.
In 2018, Trump also signed the First Step Act, ushering in common-sense reforms to help nonviolent former inmates transition back into society. The legislation has been widely praised for benefiting black Americans, who are disproportionately represented in the criminal justice system.
Blexit co-founder Candace Owens defended 50 Cent after he was attacked by leftists for his Trump endorsement. Owens said the rapper’s critics are ignorant because their public school systems failed to properly educate them.
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Owens mocked black Americans for being brainwashed with left-wing propaganda denouncing “white privilege” and lionizing the Marxist Black Lives Matter movement, while learning nothing about the economy.
Candace said: “Dear black America, 50 Cent didn’t betray you, the school system did. People in his comments are just crazy-uneducated about how tax cuts work, and it’s time to put a rest to Biden’s LIE about tax cuts for the rich.”
Jared Walczak of the Tax Foundation said Joe Biden’s tax plan would be the highest in 35 years, and would affect a lot more people than in the past.
“These rates would be the highest in about 3½ decades and imposed on a broader tax base than was in place previously,” said Walczak.
The Tax Foundation also said that Biden’s tax plan would reduce the economy’s size and cut the overall wage rate, leading to 518,000 fewer full-time equivalent jobs.
Many leftists repeatedly howl that it doesn’t matter if Biden’s tax plan overtaxes rich people because they’re rich. They forget that high earners employ numerous people across various cottage industries.
If the rich left New York and California because they don’t want to be penalized for being successful, that could result in the loss of countless jobs for lower-income people.
For example, in Manhattan, countless wealthy New Yorkers employ scores of nannies, maids, personal fitness trainers, and dog walkers. These high-earners also patronize restaurants and shop at local stores.
Analyses of Biden’s tax plan by Wharton Business School, the Tax Policy Center, the Tax Foundation, Committee for a Responsible Federal Budget and the American Enterprise Institute all concluded that Biden’s plan will increase taxes across-the-board for every American.
“Biden’s proposals would increase taxes, on average, for households at every income level,” said the American Enterprise Institute.
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Samantha@BizPacReview.com
Samantha Chang is a senior staff writer for BizPac Review. She is a financial editor and lawyer based in New York City.
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