Monday, March 15, 2021

Biden's Coming Tax Increases - Job Killers

Biden is going to propose a $4 Trillion Infrastructure SwindleUs Plan as his next legislative initiative no doubt full of Green New Deal pork, pork, pork.  To help pay for it, for the first time since 1993, he will also propose substantial increases in corporate, personal, estate and capital gains taxes.  Of course, the National Socialist Fascists in Congress will attempt to get this deal passed by hook, or mostly crook.   These tax increases along with all the regulations Biden is issuing by Executive Order will have a likely result.  We will either see a recession and or probable stagflation.  That is, we will have high inflation, which is likely coming anyway, with little or no growth. 

In fact, companies will be motivated to ship more jobs overseas that have lower tax rates and less regulations.  Well dah!  And, investors will find way to avoid higher taxes.  Well dah!  Families will find ways to avoid higher estate taxes.  Well triple dah!   Every time taxes go up, it leads to slow, or no growth.  There are many examples of this occurring in world history.  

The National Socialists don't care if they kill jobs because it creates another "crisis" to get more people on the dole one way or another.  The more people on the dole, the more votes for them to stay in power feeding at the trough.  Energy prices are already going us because of Biden's actions.  We will soon see gas at $5 a gallon all over the country, which will raise the cost of everything.  But not to worry, the Socialists will enact energy subsidies as occurs in some European countries to give the poor and middle class money to pay for the higher energy prices that the Socialists caused by destroying our carbon energy industry.  It is so easy to see these trains coming because they are all by a grand design to turn the United States into a Socialist Fascist country.  It is already happening.  

Americans better wake up to see these trains coming because we will soon be run over by them.  The National Socialists will raise taxes as part of their grand scheme.  And, we will all be worse off because of it.    

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