Holy ****, Joe Biden Releases Economic Plan That Will Collapse America’s Economy Once And For All [Opinion]
If Joe Biden is sworn in as President of the United States of America it will be curtains for the American economy. If you think outsourcing and bending the American Treasury over for China to run the train on was a problem before, with Biden … ‘you ain’t seen nothing yet.’
Quid pro quo Joe sitting in the Oval Office would be a dream come true for communist China. Don’t believe me? Listen to what Nancy Pelosi said about who China favors in 2020:
The Federalist explained in an article entitled … you guessed it, ‘Nancy Pelosi Admits ‘China Would Prefer Joe Biden’ Be Elected.’ Let’s stop and think about this for a minute. If the nation we are in a trade war with prefers that we replace our president with one whose son has done sweetheart deals with while he was vice president … what do you think would be best for AMERICA? Uhhh …. what is, not Joe Biden, Alex.
[Opinion] For over four decades former US Senator and VP Joe Biden ran as a centrist Democrat. With few ideas or legislative accomplishments to his name, it was surprising to me that Barak Obama chose Joe to run as his VP candidate.
During his 47 years on Capitol Hill Joe was mentored by racists, such as former KKK ‘recruiter‘ WV Senator James Byrd. He was against bussing black children across town to white schools and pushed through criminal reform which has come to be known as ‘The Biden Crime Bill’, which has been blamed for the incarceration of thousands of young back men.
In addition, the Obama / Biden record as on the economy is dismal.
Polls show that while most express their belief that President Donald Trump would be better for our economy than Biden, many voters who have not heard the specifics of Biden’s economic plan believe his agenda will be relatively harmless.
Why, because for decades most Americans did not experience big shifts in their lives from one administration to another, Democratic or Republican.
With President Trump’s record economy improving the lives of millions of Americans up to the shutdown, the 2020 re-election of President Trump was a forgone conclusion. But with the huge impact from the COVID shutdown, if you believe the media, voters seem to be drifting back to the party of old they have supported in the past.
Let’s look at what’s actually in Biden’s economic plan so everyone has their eyes wide open when they vote. Regardless of Joe’s past economic positions, the rapidly mentally declining 77 years old politician has been surrounded and endorsed by far-left activists including AOC & Tom Steyer who are guiding him to adopt their hyper green agenda.
In my opinion, Biden’s plan is further to the socialist left than anything such liberal nominees of yesteryear, including Jimmy Carter, George McGovern, Barack Obama, and even Hillary Clinton, ever dreamed.
According to economist Stephen Moore, here are the most dangerous ideas in the Biden plan:
No. 1: The most significant tax increase in the history of America.
Biden would raise taxes by some $4 trillion over the next decade.
Small businesses with a maximum corporate income tax rate increase from 21% now to 28%. The capital gains tax would skyrocket from 24% to 40% for those making more than $1 million per year, thus threatening to tank the stock market and reduce every family’s retirement savings in America.
No. 2: The end of right-to-work laws in America.
Biden’s plan forces millions of workers to join a union and pay union dues, whether they want to or not. Today, 27 states, including Arizona, Georgia, Michigan and Texas, have right-to-work laws that give workers the right to choose to join the union. The National Right to Work Association warns that these state laws are effectively repealed under the Biden plan. Big Labor bosses could snatch away thousands of dollars right out of workers’ paychecks without their consent.
No. 3: The end of U.S. energy independence.
Under Trump, America has become energy independent for the first time in at least 50 years. Biden insists he won’t ban fracking, but his radical energy agenda requires zero fossil fuels by 2035, which means hundreds of high-paying jobs lost in states such as Pennsylvania, Ohio and Texas. Saudi oil sheikhs and Russia will love that plan, but it sure isn’t good for America.
No. 4: Higher death taxes.
The death tax is one of the most unfair taxes because the public already pays a lifetime of income taxes, payroll taxes, sales taxes, gas taxes and property taxes. The Biden tax scheme of taxing 45% of a family farm, ranch or family-owned business could require these legacy businesses to break up to pay the taxes. That’s un-American.
No. 5: Say hello again to the corrupt Paris climate treaty.
Trump wisely pulled the United States out because almost none of the countries has come close to meeting their pollution targets. They want America to pay all the bills, which Biden seems willing to do. We are already reducing carbon emissions more than virtually any other nation. China and India are adding multiple times as much pollution into the atmosphere as America is.
No. 6: A $400 billion blue-state bailout.
Biden wants states that have already balanced their budgets, such as Arizona, Tennessee and Florida, to bail out bankrupt blue states such as California, Illinois, New Jersey and New York. That isn’t fair. It only rewards bad behavior and government lockdowns imposed by incompetent Democratic mayors and governors.
No. 7: A $15-an-hour minimum wage.
This will destroy millions of jobs for young people and low-skilled workers. It will severely damage poorer states with lower costs of living, such as Mississippi, Arkansas and South Carolina. Can you think of a worse time to saddle small businesses and restaurants with higher costs when so many firms are already facing bankruptcy due to the virus?
Is it any wonder that socialist Sen. Bernie Sanders and radical leftist Rep. Alexandria Ocasio-Cortez have enthusiastically embraced the Biden plan? Some economists, myself included, worry that we could be looking at a second Great Depression with the Biden policies.