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 ...
I have no words! The Marxists are insane and ANYONE who votes Democrat is beyond stupid.
Shareholders risk their after tax income and invest in firms they deem worthy. Companies take that money and invest in the company to grow. What the heck is Biden talking about?
Comrade Joe speaks of his love of communism.
Biden is promoting a formal Oligarchy i.e. rule by a consortium of business owners and unions. The owners will be partnerships or sole proprietors of the hugest businesses because shareholders are to be excluded. The Unions and the Owners will also be partnered closely with the Government. It may improve conditions a tad for the workers who still have jobs in a constricted economy but it will put a ceiling on all others. People will know their place and stay in it. Social and economic mobility will cease.
Sounds like slavery redux II
More and more will be on “welfare” which will be a declining pittance, enough to keep you alive but not enough to allow any hope of improvement.
Do you really think the majority of the shareholders are on board with this touchy feelly nonsense?
He’ll just take it. Or Nancy will pass a law.
And justice Roberts will say “sure”.
Fired and compassionately placed on a people’s collective farm or factory.
A few apple slices with your daily gruel on selected state worship days.
I think you are on the right track on the leftists plans—but to really see their vision of the future think about robots and artificial intelligence.
All they will need is their “revolutionary vanguard” handling the plum jobs, while the masses beg the government for their checks (since robots and AIs have taken the vast majority of the blue collar and white collar jobs).
The elections will be rigged anyway, so it won’t matter whether the “great five year plans” of the Party succeed or fail...
I’m surprised he didn’t say, “state cannibalism “
Well, yes. That is how it is in a Communist system.
Those of us with the equities in our IRA that they have been forcing us into for the last two decades will be OVERJOYED to discover his plan for our retirement...
Socialist Security and NOTHING else...
What a f——ing pack of losers.
We are in the midst of the collapse of our civilization...the build up was long but when the temple comes down, it’s sudden.
I’m kinda surprised by the denial going on here and elsewhere. People need to understand it’s never going to be the same again post covid. Even if we don’t completely go USSR-route, we’ll never in our or several lifetimes come near 2019 level again.
Parody has become reality.
Collapse? Idk. Under attack for sure. Guess we will see if people remain on the sidelines or stand for Liberty.
“My wife and I have no illusions about how things are apt to end up for us, but I guarantee we will not go gently into that good night.”
Same here, north & south of seventy, no kids. Is it only six months since our world began to collapse into chaos?
We too have the means to not face the End Times passively. But they are arriving sooner than expected. Kind of like “On The Beach”.
On the Beach the first thing that came to my mind when this virus hit. After seeing that movie I was depressed for a few days.
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