Biden Administration Backs Legislation to Seize Frozen Russian Assets
Biden Administration Backs Legislation to Seize Frozen Russian Assets
President Joe Biden’s administration is backing legislation that would let it seize some of $300 billion in frozen Russian assets to help pay for reconstruction of Ukraine, a shift as the White House seeks to rally support in Congress to further fund the war against Vladimir Putin’s forces.
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Why only Russian Assets? There are probably a few $Trillion assets in tax-shelters within America's own borders. Charities, Churches and Foundations, and that's before you even get to shell companies and holding companies.
More then enough money to pay for literally anything, including paying down the federal deficit if you don't understand monetary policy and you feel like that is important for some reason.
But your missing a step. You need a bill to make that illegal before you can support a bill for the government to seize it.
These are frozen Russian assests. There is an interloctary injunction on this money. That's why it is simpler to seize this money than to start seizing money from churches.
Edit: I'm sure as shit with you that we should start collecting money from churches, but this isn't that.
Because Russia is the one killing Ukrainian civilians and should be the first to pay reparations?
I'm pretty sure executives at Lockheed, McKinsey, Honeywell, as well as the senators on the FISA court who authorize civilian targeted drone strikes also have foundations here in the US that we can and should draw reparations from as well.
Let's not forget the late Henry Kissinger as a board member for the National Endowment for Democracy or Kissinger and Associates Board, that should certainly be on the list too.
You asked why we're going after Russia first. I gave you the literal answer.