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 ...
Also Biden gotta biden (i.e. plagiarism, copy straight from Trump's book), you know.
everyone with a 401k plan should be terrified right now. you’ll be working until they carry you out of your office in a box.
I only have a million in assets so it won’t affect me.
no, you will be fired well before that.
Communism, Joe, is not a family value.
“declaring an “end to the era of shareholder capitalism.”
Our side should hammer Biden as wanting to end capitalism and take away people’s private property and homes and move them into communist ghettos.
(I realize that is not exactly what Biden has been coached to say but if the positions were reversed that is exactly how we would be attacked)
Will restore FDR’s policies he instituted during the Great Depression.
tangible assets can be destroyed
digital assets can be stolen or confiscated too
Senile Joe Biden is a just a mere puppet now... he has no comprehension or idea the words coming out of his mouth.
This from the dope who was so thoroughly owned by the major U.S. banks that he was nicknamed “Sen. Joe Biden (D-MBNA)”
I wonder if they’ll capitulate when Trump wins.
Though I swear they’re going to pull out all the stops to steal this election.
And that’s sums up the difference of Biden (Leftism) and Trump’s MAGA.
America First, then when/if we are able (most often times we do), we will help out others.
Same concept for companies ===> the first obligation is to the shareholders (who combinedly own the company), all the other stuff Joe mentioned, responsibility to their workers, their community, to their country(?!!??), will be determined by competitiveness from the market.
The man is a lunatic.
“Buy America”? Who the hell’s he offering to sell the country to now?!
Whites would be less than serfs in Biden’s America.
Lord ,make a blood vessel pop.
So Biden’s even worse than a fascist? He’s a totalitarian statist.
What a great idea! Replace shareholder capital with higher taxes!
Replace it with “state capitalism”. Otherwise known a Fascism.
We are headed into an economic collapse. If Biden wins I guarantee they will be coming for your savings and 401k. You will be told it is for the good of the country. And don’t respond to this post about how they will do it over your dead body. That is BS we will all go along as we are now with them stealing the election and erasing our history. Just put your damn space mask on and embrace the new reality.
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