Posted on 08/02/2022 4:27:20 AM PDT by CptnObvious
THE BIDEN RECESSION TAX INCREASE IS A DISASTER!!
Just in time for the Mid Term elections. Biden signs an increase in corporate taxes by up to 18%. What does he think large corporations are going to do, HIRE MASSIVELY??
AH, NO. In order to survive, they are going to cut to the bone. They are going to send divisions overseas and they are going to layoff workers en mass.
Now, pay attention folks. A recession is two quarters of negative growth whatever the Democrats and their foul minions in the press may say. We are in a Recession and Biden just disobeyed Obama when Obama said NEVER TO DO THIS.
So, what do we do America? Do we believe the gaslighting and the lies? Or do we BEEF UP OUR EMERGENCY SAVINGS ACCOUNTS, FILL OUR CUPBOARDS WITH RICE, DRIED BEANS, BABY FOOD (IF WE CAN FIND IT), SALT, AND VOTE THE B*STARDS OUT IN NOVEMBER!
A little off topic but the very large multinational my wife works for missed their projected sales goals for the second quarter in a row, before this they never missed a sales goal in 20 years but often exceeded them often by double digits.
What the stupid democRATs want is socialism/communism which they have been duped into believing will bring about "utopia". It's the New World Order actually controlling them, and the NWO wants to destroy America and bring it into their global control.
This ABSOLUTELY is a serious situation, I’m not making light of it at all, but it reminded me of this scene from a Three Stooges short. Start at 13:00-
https://www.youtube.com/watch?v=vgDloHcKNVc
This IS the Biden presidency.
Companies do not pay taxes, their customers do. That is so lost on our rap music video game playing public.
There are no unplanned results. What happens is by design.
+++++
You may be right. Dems love to raise taxes to fund their vote buying programs. That is the actual goal. But do they understand that their anti-inflation bill is inflationary? If you are right and they do understand then they just don’t care.
The D’s are doubling down on these policies that will further damage our economy before the election. They know it. We know it. They know we know. Yet, They’re not worried which tells me something’s up.
Bothers me as well. I’m willing to bet they’ve got it wrapped up in 2022. Lose enough just to make it look good but retain the house and senate. We are doomed. They will cheat and by 2024 voting will no longer matter.
What happens when you increase taxes on corporations?
1. They increase prices so they can maintain profit margin and the customer who buys from them pays the tax. A tax on a corporation is a tax on the consumer, you and me.
2. They cut staff. It is cheaper to pay overtime as each staff member cut means less benefit costs such as health, retirement, bonuses, vacation pay, etc. You may lose your job.
3. Consumers cut down on purchases due to increasing cost of goods thus slowing the economy and making the recession deeper and longer. You may lose your job.
4. Government expenses go up due to increased payments for unemployment, welfare, social services etc. They borrow the money for this. This drives up inflation. They will then increase taxes on all of us. You will go broke.
Biden’s economic policies are idiocy unless he wants the economy to crash and burn. If it is the later, it is genius.
5.
Take a breath. Dont get overwrought.
I have been trying to get my hubby to realize we all may be in trouble when it comes to food and supplies but he is nit worried and says every thing will end up ok. He won’t consider buying any prepper stuff or food. So when I go shopping I buy extra here, extra there. Our little pantry is starting to fill up. Our soil is terrible for growing anything. We’ve tried several different methods over the years and it’s like the land rejects the seeds or just don’t produce anything but leaves. It is disheartening.
Increased taxes are passed on to the consumer.
It does seem intentional...
The D’s are doubling down on these policies that will further damage our economy before the election.
__________________________________
We need to abandon the’ D’ or Democrat to identify the enemy and start regularly referring to them as Communists. The Democrats of old are rolling over in their graves over these raging Communists. It’s high time to call them what they are.
“Increased taxes are passed on to the consumer.”
Sometimes, at other times businesses just “eat it.”
Also, when consumers stop purchasing because they’re out of money the layoffs will start.
This is just more economic insanity that will cause more pain.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.