The Biden Presidency
- Thread starter The Tariff King
- Start date
Jaw
It's OVER 5,000!
When one is paying with an unlimited supply of other people's money, it makes it easier to pick random numbers out of the blogosphere to use for a minimum wage. Restaurant owners that barely kept their business running during the pandemic have P&L statements to consider.
Malleable Joe picking a number that you like and that doesn't cost him a dime isn't impressive or noble. It really just shows us that is he is as empty of a sock puppet as many of us feared he would be.
Malleable Joe picking a number that you like and that doesn't cost him a dime isn't impressive or noble. It really just shows us that is he is as empty of a sock puppet as many of us feared he would be.
I’m not sold on all of these provisions, but this seems to primarily increase taxes on those making $400,000 a year from the tweet thread you’re sharing. That’s pretty much exactly the group of people Biden voters would want to tax more.
I haven’t had the time to read much on the subject, but is it really fair to blame Biden or the stimulus on the current price hikes? Most price increases I’m tuned into at the moment are centered around supply issues and cost of production due to health and safety protocols.
zitothebrave
Connoisseur of Minors
Insightful Kramer, it's almost like costs always go up and businesses react to it by raising prices and so on so forth.
It’s a back door tax on the working and middle class.
Here is what will happen. Tax hikes will be announced. Money will be issued on future expected taxable earnings. Inflation will spike. Assets will get more valuable. Rich people have their wealth in appreciable assets. Their overall wealth increases while still paying more in taxes.
Inflation absolutely guts the middle class and poor people.
It’s a great racquet for those that don’t understand economics.
Rich people never lose. Any bill designed to hurt the rich will hurt every other class more
Whew, I hope you aren’t doing too much for your gfs families business.
zitothebrave
Connoisseur of Minors
Classic cog speech. Pretend to understand anything when you don't.
nsacpi
Expects Yuge Games
careful...same someone will say you're being racist
striker42
Well-known member
Taxing the rich is a good sentiment but it's difficult in practice. Rich people have the most to tax but they're also the most capable of either avoiding the tax or else passing the tax on to someone else. Taxing the rich requires multi-level reasoning skills. If you stop at the first level (direct tax on rich people) then you're just going to see it backfire.
sturg33
I
Oh my
sturg33
I
Yes it is fair to blame the stimulus. And this started with Trump and is accelerating unbelievably with Biden.
40% of all US dollars were created last year. And Biden is making that spending look like child's play with his proposals. The printing machine is at full blast.
Assets are all time.higjs not because they are more valuable but because it requires more dollars to buy them. Rich people make out like bandits as their house and stocks double in value. Poor people get destroyed while their milk and produce costs are up 20%
Tapate50
Well-known member
Its almost like he's been out of his depth over here for what... a year or so?