We’re fighting back against this virus, economically...
President Obama’s intel community spied on the Trump campaign, effectively weaponizing the intel community to go after Trump. That led to the Russia investigation, which was two-plus years of our lives and $30-plus millions of our taxpayer dollars. Then they impeached him over a phone call... And now, they’re trying to use the 25th amendment to go after him because he’s got COVID-19? Come on... It should backfire. The Dems have just proven they are incapable of leading and having any kind of normalcy. If you believe in America, then you believe in the people to vote him out... But quite possibly, these Leftist leaders don’t believe in the people, nor do they trust the people... They don’t trust us to vote. And they don’t trust us to provide for ourselves. As such, the Biden-Harris economic plan will mean new ideas and new ways for the government to spend your money. All this, just as our economy shows signs of recovery. Free school, free health care, free housing, free basic income... high taxes and income caps... Wow. When you combine the freebies with the sky- high taxes, along with the increased limits on freedom of speech... it’s starting to feel a little USSR style. So before we throw out our capitalist system – the very system that has led us to be the most prosperous nation on earth – let me share some important facts about where we are right now...
The Atlanta Fed predicts 33% growth in the third quarter, the highest in history... as unemployment declines to 7.9% – a level the Fed assumed would be at least double at this point in time. It’s not perfect, but it’s an improvement. And we need more of it. But instead, Biden and Harris – who are still refusing to tell us if they’d pack the court – are falling in line with the squad and promising higher taxes on income, businesses, and investments... They don’t trust us to vote. And they don’t trust us to provide for ourselves. They say, “Oh don’t worry about it, it won’t matter unless you make more than 400k...” Everyone needs to worry about it because of the massive ripple effect their anti-growth policy will have on the rest of the economy. First of all, Biden wants to nearly double capital gains to 40%. He again says, Don’t worry about it unless you have more than a million bucks . The problem with this (frankly) lousy policy is, regardless of income levels, an increased tax will dampen investment... Everyone would sell before his policy goes through, and then whatever is left would become illiquid... because if you take it out, you’ll get taxed. Honestly, this isn’t rocket science.
American Consequences
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