Home 2021 Mr. Biden’s Class Warfare Will Crush the US Economy

Mr. Biden’s Class Warfare Will Crush the US Economy

by Paul Ebeling

#Biden #warfare #economy #anti-business

After Barack Hussein Obama took office and especially after he was reelected, there was a big increase in the number of rich people who chose to emigrate from the United States” — Paul Ebeling

There are many reasons wealthy people choose to move from one nation to another, but Mr. Hussein Obama’s embrace of class-warfare tax policy, including FATCA was seen as a big factor.

Now comes Mr. Biden’s tax agenda which is significantly more punitive than Mr. Hussein Obama’s, so we may see something similar happen again.

Mr. Biden’s proactive banter about reforming the Senate filibuster is a dangerous signal for pushing through the progressive “anti-business” agenda without any Republican support in Congress, according to President Trump’s economic adviser Larry Kudlow.

If they get rid of the filibuster, then a lot of the progressive Democratic legislative agenda will go through.

Senator Mitch McConnell (R-KY) going to fight it. McConnell has other Senate rules that he can use to slow the train down, but many of us believe that it a big problem.

Larry Kudlow noted in an interview, “It is the 1st time that I have heard President Biden really adamantly saying the filibuster has to change. He has been lukewarm on that before, but now it’s very clear to me he wants that to change.

Mr. Kudlow lamented, “The Biden agenda is going to crush business, growth, and the middle class.”

High taxes are not going to build an economy, we are not going to be competitive around the world. We are not going to bring investment home. We will going to repel investment, corporations will leave.

Inversions will start all over again. If Mr. Biden wages war on businesses and wealthy investors, he is NutZ. And that’s part of this class warfare that will do great harm to the US economy and to the financial markets.

And given the economic importance of innovators, entrepreneurs, and inventors, Mr. Biden’s plan would be not be good news for the American economy.

Mr. Biden’s is perceived as a masked bandit!

Have a healthy week, Keep the Faith!

You may also like


Your Trusted Source for Capital Markets & Related News

Latest Articles

© 2023 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.