Category: Economic

1 Year from the election, 2020. What has the Biden Administration done for United States of America?

Another month before it is November again, 2021. So that is the trillion dollar question… What has the Biden Administration done for the United States of America since he has taken office since January 2021?

To quote the infamous line from ‘Spaceballs’ – “…Absolutely nothing…!”

However, he did keep his promise of undoing majority if not all of Trump Administration’s policies implemented from his prior administration. So I guess that is one thing the Biden Administration has done for USA. But that did not really help, now, did it? You will need to really tap into your critical thinking brain on this one.

Undoing the prior administration’s policies has basically hindered the progress of moving forward in bettering the USA’s economy, security, motivation, innovation, etc., etc.

Economy is hindered because there’s quite of bit of Americans still on unemployment. Why is that so? MANY companies are hiring but no one wants to work? Why? Get off your BS excuses and lazy asses people. Just get a PAYING job. Don’t you need your job to support your spending on $1000’s TVs or the newest smart phones or whatever else technology out there? And I find it ironic how many people are harping on saying “F*** capitalism” or “Protest capitalism”, but they’re so out of tune that all the products that they possess are the mere results of Capitalism…

She cannot even see the irony.
If you want to smash capitalism, then don’t buy any of those products you have. NOTHING!

I mean it is not just the material items that capitalism thrives on… It’s the providing of a good or a service. It’s two-pronged. You get a good in exchange because you yourself WANT it. You get a service because you yourself WANT it. What service? Well there’s restaurants, accountants, mechanics, engineers, architects, doctors, specialists, bars, therapy, massages, acupuncture, and the list goes on.

Security for the United States of America is hindered because apparently our southern border is open… still… IT was opened when Biden took office and did away with Trump Administration’s prior border policies. So there’s still huge influxes of illegal immigrants coming in. And I cannot harp on it again because it’s just so voluminous and utterly ridiculous of how the Southern border is being dealt with (or lack thereof). You can refer back to my prior blog back on March 13, 2021 – The Border Policy is out of hand…

And this was more recent as of September 20, 2021

Motivation is lacking for everyone. I don’t need to expand on that anymore with the above two explained.

Innovation may be hindered because of what may come out of the Biden Administration’s future policies… We are blasting back to the Stone Age everyone. Who knows…?

Quoting Pelosi: “Keep government open, we have to those imminently. More imminently even to address the full ‘Obama agenda’ of ‘Building Back Better’… And I love to say ‘Building Back Better.’ ”
https://twitter.com/disclosetv/status/1442904841810944001

What the heck?

Please refer to my prior blog on what these life-long, “career politicians” are mentioning about ‘Building Back Better’… The Great Reset is becoming more prominent

I don’t find it shocking how some reporters in Australia are like, “….?” Our country, is an embarrassment to the entire “free world”.

Biden possibly proposing tax rate as high as 43.4% in Next Economic Package

So earlier today Biden has indicated an increase to the capital gains tax on the “wealthy”. Oh come on, really? Are you sure it’s only going to be on the “wealthy”? We shall see in practice is this gets pushed through and passes through Congress – if they still going through passing legislature in Congress.

With the amount of Executive Orders Biden has signed, I cannot keep up nor how many has been signed already.

Bloomberg – Biden Eyeing Tax Rate as High as 43.4% in Next Economic Package

So here’s a thought that just came to my mind as I watched the video above via Bloomberg Quicktake’s Tweet… If they supposedly state that Biden will raise the tax on the wealthy and not increase the taxes on the individuals / families making less than $400,00… To me I see it as a double edge sword. How so? Let me think out loud here…

Taxes increase on the wealthy who make $400,000 and more ~ Of course the wealthy can afford anything even some middle class persons if knowledgeable enough and well connected to seek out financial advice to see how to lower their taxes overall. Example if I’m going to make big bucks – I would see what’s out there financial planning wise to lower what I would owe in taxes so I can be able to have more disposable income (more money to spend on whatever I choose to). I mean lots of investment income encompasses investment losses. So I’m sure plenty of financial savvy folks will utilize investment losses to lessen or lower their tax rates in response to this.

Or if anything, the people who financially proficient will probably just pack up and leave… then who then will the Federal Government go after to tax to get money into the big government…? The people next down – making less than the “wealthy”. As I heard the phrase before – “shit rolls downhill”.

Have to reference back to my previous blog because this really does relate to what our President is doing now: Tax Rates – The Laffer Curve