Biden’s 7 Economic Deadly Sins

[Anonymous]

I've read the whole thing. There is nothing centrist in this economic scheme. In many ways, it is the most radical plan proposed by a major presidential nominee of either party in any of our lifetimes. Biden's plan is further to the socialist left than anything such liberal nominees of yesteryear, including Jimmy Carter, George McGovern, Barack Obama, and even Hillary Clinton, ever dreamed.



Here are the most dangerous ideas in the Biden plan, or what I call Biden's seven economic deadly sins:



No. 1: The most significant tax increase in the history of America.



Biden would raise taxes by some $4 trillion over the next decade.



The plan clobbers small businesses with a maximum corporate income tax rate from 21 percent now to 28 percent. The capital gains tax would skyrocket from 24 percent to 40 percent for those making more than $1 million per year, thus threatening to tank the stock market and reduce every family's retirement savings in America.



No. 2: The end of right-to-work laws in America.



Biden's plan forces millions of workers to join a union and pay union dues, whether they want to or not. Today, 27 states, including Arizona, Georgia, Michigan, and Texas, have right-to-work laws that give workers the right to choose to join the union. The National Right to Work Association warns that these state laws are effectively repealed under the Biden plan. Big Labor bosses could snatch away thousands of dollars right out of workers' paychecks without their consent.



No. 3: The end of U.S. energy independence.



Under Trump, America has become energy independent for the first time in at least 50 years. Biden insists he won't ban fracking, but his radical energy agenda requires zero fossil fuels by 2035, which means hundreds of high-paying jobs lost in states such as Pennsylvania, Ohio, and Texas. Saudi oil sheikhs and Russia will love that plan, but it sure isn't good for America.



No. 4: Higher death taxes.



The death tax is one of the most unfair taxes because the public already pays a lifetime of income taxes, payroll taxes, sales taxes, gas taxes, and property taxes. The Biden tax scheme of taxing 45 percent of a family farm, ranch or family-owned business could require these legacy businesses to break up to pay the taxes. That's un-American.



No. 5: Say hello again to the corrupt Paris climate treaty.



Trump wisely pulled the United States out because almost none of the countries has come close to meeting their pollution targets. They want America to pay all the bills, which Biden seems willing to do. We are already reducing carbon emissions more than virtually any other nation. China and India are adding multiple times as much pollution into the atmosphere as America is.



No. 6: A $400 billion blue-state bailout.



Biden wants states that have already balanced their budgets, such as Arizona, Tennessee, and Florida, to bail out bankrupt blue states such as California, Illinois, New Jersey, and New York. That isn't fair. It only rewards bad behavior and government lockdowns imposed by incompetent Democratic mayors and governors.



No. 7: A $15-an-hour minimum wage.



This will destroy millions of jobs for young people and low-skilled workers. It will severely damage poorer states with lower costs of living, such as Mississippi, Arkansas, and South Carolina. Can you think of a worse time to saddle small businesses and restaurants with higher costs when so many firms are already facing bankruptcy due to the virus?



Is it any wonder that socialist Sen. Bernie Sanders and radical leftist Rep. Alexandria Ocasio-Cortez have enthusiastically embraced the Biden plan? Some economists, myself included, worry that we could be looking at a second Great Depression with the Biden policies. Something to think about over the next two weeks.

https://www.theepochtimes.com/bidens-7-economic-deadly-sins_3545619.html?utm_medium=email&utm_source=promotion&utm_campaign=EET1021&utm_term=1for4M-Premium&utm_content=5">https://www.theepochtimes.com/bidens-7- ... _content=5">https://www.theepochtimes.com/bidens-7-economic-deadly-sins_3545619.html?utm_medium=email&utm_source=promotion&utm_campaign=EET1021&utm_term=1for4M-Premium&utm_content=5



The cost of heating, electricity and transportation will rise for American consumers and businesses as he forces useless, illogical green energy costs on the nation.

[Anonymous]

With the exception of the seventh one, these are all really bad platform planks.

[Anonymous]

The third, fourth, fifth, and sixth ones are what we have in Canada.

 

[Renee]

It looks and awful like like a return to the Obama years...We can't afford to let that failed platform take shape again.

[Dove]

It looks and awful like like a return to the Obama years...We can't afford to let that failed platform take shape again.

 Only it's coming back to finish the job and will punish the country with "fiery but peaceful protests".

[Renee]

It looks and awful like like a return to the Obama years...We can't afford to let that failed platform take shape again.

 Only it's coming back to finish the job and will punish the country with "fiery but peaceful protests".

All I can say is stock up on ammunition.

[Anonymous]

It looks and awful like like a return to the Obama years...We can't afford to let that failed platform take shape again.

 Only it's coming back to finish the job and will punish the country with "fiery but peaceful protests".

All I can say is stock up on ammunition.

Hopefully sanity prevails.

[Anonymous]

It looks and awful like like a return to the Obama years...We can't afford to let that failed platform take shape again.

 Only it's coming back to finish the job and will punish the country with "fiery but peaceful protests".

All I can say is stock up on ammunition.

Hopefully sanity prevails.

You are talking about the US here. Its full of jealous crazy hillbillies like fat Renee. They will kill you for a big mac.

[Dove]

It looks and awful like like a return to the Obama years...We can't afford to let that failed platform take shape again.

 Only it's coming back to finish the job and will punish the country with "fiery but peaceful protests".

All I can say is stock up on ammunition.

 We have been.



 Gun sales and ammo shortages are a thing these radicals should be considering.



 It really does break my heart what's been done in inner city communities. Those people are gonna be suffering for a very long time.

[Anonymous]

Jim Crow Joe is denying he said he would ban fracking.

[Renee]

Jim Crow Joe is denying he said he would ban hydraulic fracturing.

Yeah well Joey Hair Plugs got his ass handed to him on social media this morning...



In the 2019 democratic debates he said he there would be no place for coal of fracking and he would end all gov subsidies for them. Even Newsweek has been forced to admit he said it.

[Anonymous]

Jim Crow Joe is denying he said he would ban hydraulic fracturing.

Yeah well Joey Hair Plugs got his ass handed to him on social media this morning...



In the 2019 democratic debates he said he there would be no place for coal of hydraulic fracturing and he would end all gov subsidies for them. Even Newsweek has been forced to admit he said it.

He wants solar panels made from China's rare earth metals.

[Anonymous]

Trump was wise to let Biden talk and hang himself. He revealed that he would end American energy independence, drive up the cost of electricity and transportation and kill millions of good jobs, while depending on countries like China for energy infrastructure.



Biden: I Would Transition From the Oil Industry 'Over Time'



Nearing the end of the second and final presidential debate in Nashville, Tennessee, on Thursday night, former Vice President Joe Biden said that he would "transition from the oil industry ... over time."



When asked, "Would you close down the oil industry?" by President Donald Trump, the Democratic presidential nominee said, "I would transition from the oil industry, yes."



"Oh, that's a big statement," Trump responded, visibly surprised. Debate moderator NBC's Kristen Welker quickly asked Biden why he would do that.



He also said that solar and wind doesn't currently get subsidies, and asked, "why are we giving it to the oil industry?"



"We actually do give [subsidies to solar and wind]," Trump responded. "And that's maybe the biggest statement in terms of business. That's the biggest statement, because basically what he's saying is that he's going to destroy the oil industry."



"He takes everything out of context but the point is, look, we have to move toward a net-zero emission," Biden said. "The first place to do that by the year 2035 is in energy production, by 2050, totally."



"Is he going to get China to do it?" Trump chimed in.



Earlier in the debate on the topic of climate change and jobs, Biden denied that he would ban fracking, even though Trump noted that Biden has been recorded as saying as such.

https://www.theepochtimes.com/biden-i-would-transition-from-the-oil-industry_3549558.html?utm_source=hardwall&utm_medium=email&utm_campaign=breaking-2020-10-23-1">https://www.theepochtimes.com/biden-i-w ... 20-10-23-1">https://www.theepochtimes.com/biden-i-would-transition-from-the-oil-industry_3549558.html?utm_source=hardwall&utm_medium=email&utm_campaign=breaking-2020-10-23-1

[Anonymous]

Trump was wise to let Biden talk and hang himself. He revealed that he would end American energy independence, drive up the cost of electricity and transportation and kill millions of good jobs, while depending on countries like China for energy infrastructure.



Biden: I Would Transition From the Oil Industry 'Over Time'



Nearing the end of the second and final presidential debate in Nashville, Tennessee, on Thursday night, former Vice President Joe Biden said that he would "transition from the oil industry ... over time."



When asked, "Would you close down the oil industry?" by President Donald Trump, the Democratic presidential nominee said, "I would transition from the oil industry, yes."



"Oh, that's a big statement," Trump responded, visibly surprised. Debate moderator NBC's Kristen Welker quickly asked Biden why he would do that.



He also said that solar and wind doesn't currently get subsidies, and asked, "why are we giving it to the oil industry?"



"We actually do give [subsidies to solar and wind]," Trump responded. "And that's maybe the biggest statement in terms of business. That's the biggest statement, because basically what he's saying is that he's going to destroy the oil industry."



"He takes everything out of context but the point is, look, we have to move toward a net-zero emission," Biden said. "The first place to do that by the year 2035 is in energy production, by 2050, totally."



"Is he going to get China to do it?" Trump chimed in.



Earlier in the debate on the topic of climate change and jobs, Biden denied that he would ban hydraulic fracturing, even though Trump noted that Biden has been recorded as saying as such.

https://www.theepochtimes.com/biden-i-would-transition-from-the-oil-industry_3549558.html?utm_source=hardwall&utm_medium=email&utm_campaign=breaking-2020-10-23-1">https://www.theepochtimes.com/biden-i-w ... 20-10-23-1">https://www.theepochtimes.com/biden-i-would-transition-from-the-oil-industry_3549558.html?utm_source=hardwall&utm_medium=email&utm_campaign=breaking-2020-10-23-1

Biden wants to be president of China.

[Anonymous]

Republican Louisiana Sen. Bill Cassidy says Biden's goal to reach net zero carbon emissions by 2025, would kill 11 million direct oil jobs across the country. And millions more indirect jobs. He and his party are poison for average Americans.