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Joe Biden Vows ‘End to the Era of Shareholder Capitalism’
Breitbart - trending ^ | 7-9-2020 | Joel B. Pollak

Posted on 07/09/2020 2:49:19 PM PDT by Sir Napsalot

Former Vice President Joe Biden delivered an economic speech in Dunmore, Pennsylvania, on Thursday in which he unveiled his economic vision, declaring an “end to the era of shareholder capitalism.”

“It’s way past time to put the end to the era of shareholder capitalism. The idea the only responsibility a corporation has is its shareholders — that is simply not true, it’s an absolute farce. They have a responsibility to their workers, their community, to their country.”

In place of “shareholder capitalism,” Biden proposed a more inclusive system built on the power of labor unions and on “black, brown, and Native American” communities that he said had been left out of economic prosperity.

(snip)

Biden, addressing a small, socially-distant group of workers and journalists at the McGregor Industries metal works facility, said that he would raise the corporate tax rate to 28% (from 21%, where Trump lowered it in the Tax Cut and Jobs Act of 2017).

He also said that he would spend $400 billion on infrastructure projects, including “clean energy” projects, touting his experiences in the Obama administration’s Recovery Act (without mentioning high-profile “green” failures like Solyndra).

And Biden said that he would implement a policy of “Buy America,” in which the federal government would purchase pharmaceuticals and medical supplies exclusively from domestic suppliers.

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections
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To: HighSierra5

They’ll replace parts of Joe with mechanical parts before that happens.


121 posted on 07/09/2020 5:38:37 PM PDT by Crucial
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To: Sir Napsalot

>>Biden proposed a more inclusive system built on the power of labor unions <<

Sounds like communism to me.


122 posted on 07/09/2020 5:38:59 PM PDT by Tejas Rob
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To: sasafras

One thing is for sure. The ROTH IRAs wii never stay tax free. The government wants some of that as soon as they figure a way to tax it. Probably by fees.


123 posted on 07/09/2020 5:40:44 PM PDT by napscoordinator (Trump/Hunter, jr for President/Vice President 2016)
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To: Wiser now

Don’t energize the left. Leave them be; they can’t be bothered to vote.


124 posted on 07/09/2020 5:40:47 PM PDT by ChessExpert (NAFTA - Not A Free Trade Agreement)
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To: magua

Watch the BBC early 80s nuclear war movie Threads. It’s as bad as it gets and kinda reminds me of now, times 100.


125 posted on 07/09/2020 5:42:26 PM PDT by Monty22002
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To: Tejas Rob

A Soviet is kind of a labor union...


126 posted on 07/09/2020 5:42:56 PM PDT by Monty22002
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To: Monty22002

Once they hoodwinked the society - and Trump - into shutdown, the game was over. That they could destroy America just that easily makes me think we never stood a chance in this brave new Orwellian world.


127 posted on 07/09/2020 5:45:51 PM PDT by Scott from the Left Coast (That thing you think is privilege is really sweat equity.)
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To: Sir Napsalot; All

I heard an IQ researcher the Stephan Molyneux podcast state that 54 million Americans have an IQ under 85. Now it all makes sense why what Joe says appeals to so many. It makes sense why we are having these riots. So many of our country’s problems make sense when viewed from the perspective of IQ.


128 posted on 07/09/2020 5:49:14 PM PDT by Crucial
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To: Sir Napsalot

Demand that the Unions all share “their” pensions and portfolios with the public, Joe.


129 posted on 07/09/2020 5:53:06 PM PDT by a fool in paradise (Joe Biden- "First thing I'd do is repeal those Trump tax cuts." (May 4th, 2019))
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To: sheehan

He doesn’t give a damn. He’s above the law and would never have to live UNDER the policies he seeks to impose on everyone else. Certainly not for decades.


130 posted on 07/09/2020 5:54:17 PM PDT by a fool in paradise (Joe Biden- "First thing I'd do is repeal those Trump tax cuts." (May 4th, 2019))
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To: Scott from the Left Coast

If we had any firm foundation you’d think we could survive masks and stay at home stuff easily. However since the 2000 election they left has been out of control and we’re seeing their full power now.


131 posted on 07/09/2020 5:55:43 PM PDT by Monty22002
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To: Sir Napsalot

Well companies are coming out of the woodwork and voluntarily outing themselves, its time to keep the lists and start defunding them

Because its not ablut shareholders anymore.

So they dont need our money then. Especially if they will p1ss it away on givebacks and feelgood bs.


132 posted on 07/09/2020 6:01:18 PM PDT by Secret Agent Man (Gone Galt; Not Averse to Going Bronson.)
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To: funfan
“Biden proposed a more inclusive system built on the power of labor unions and on “black, brown, and Native American” communities that he said had been left out of economic prosperity.”

The politics of resentment and class warfare. How utterly Marxist of him.
133 posted on 07/09/2020 6:10:25 PM PDT by Deo volente ("When we see the image of a baby in the womb, we glimpse the majesty of God's creation." Pres. Trump)
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To: Sir Napsalot

He is being told what to say. If he is elected, he will resign shortly after inauguration. I think he has been told that if he cooperates, they will leave his surviving son alone, otherwise it is prison for life.


134 posted on 07/09/2020 6:11:21 PM PDT by beef (ACAB- All Commies Are Bastards)
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To: Sir Napsalot

I love what the Democrats are doing! Freely admitting they are communists, encouraging Antifa domestic terrorism, disbanding the police, encouraging the Cancel Culture....

.....this is Election Gold for Donald Trump.


135 posted on 07/09/2020 6:12:06 PM PDT by Lazamataz ("Black Lives Matter" becomes "Terse TV Blackmail"..... #AnagramsNeverLie)
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To: Secret Agent Man

Oh really?


136 posted on 07/09/2020 6:14:24 PM PDT by Biggirl ("One Lord, one faith, one baptism" - Ephesians 4:5)
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To: Monty22002
6 months ago this woulda got a president candidate laughed out of the race. Now he’ll probably win. I don’t think people are really understanding how fast the entire culture has shifted cause it’s been so fast.

Not the culture, that doesn't change that fast. People are not that quick to convert to any change.

The NARRATIVE, the MEDIA STORY, now THAT has changed, and fast. A vocal and violent minority is on TV a lot, but.... I don't see America turning on a dime.

137 posted on 07/09/2020 6:15:19 PM PDT by Lazamataz ("Black Lives Matter" becomes "Terse TV Blackmail"..... #AnagramsNeverLie)
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To: Skywise

I do predict Trump will be re-elected.


138 posted on 07/09/2020 6:16:04 PM PDT by Biggirl ("One Lord, one faith, one baptism" - Ephesians 4:5)
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To: elcid1970

Well if it comes to it, I’ll fight. Don’t really want to but at some point I hope to find the courage. One thing is for sure, there will be no turning back. It will be my personal hill to die on. Sometimes I wonder if I might enjoy it.


139 posted on 07/09/2020 6:18:48 PM PDT by refermech
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To: sasafras

Just refuse to wear a “space mask”, nothing will happen.


140 posted on 07/09/2020 6:19:52 PM PDT by Biggirl ("One Lord, one faith, one baptism" - Ephesians 4:5)
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