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 ...
This is only a taste of the crazy that is to come.
Democrats,making America Venezuela.
Replace shareholder capitalism and replace with the naked political capitalism that made you, your son and your family rich, eh plugs?
Corprations right now are controlled by their young woke executives. They hate answering to the shareholders so they welcome any and all change. They don’t realize that once the shareholders are gone they’ll be answering to the union labor fatcats who are worse than loansharks!
‘Buy America’ Yah!
He was one of the pols instrumental in everything being moved and made in China.
Getting ready for November either way. Violent conflict is coming.
“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.”
No white in that paragraph.
“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.”
No white in that paragraph.
I think it is inevitable, after working with Sanders/Sanders handlers.
Don’t know why Biden wants to careen to the far-left at this point. But Biden won’t pay me $$$$$ for strategizing.
I don’t think even Liz Warren has suggested doing away with shareholders.
He’s off the rails gain.
We are Socialists, we are enemies of today’s
capitalistic economic system for the exploitation
of the economically weak, with it’s unfair salaries,
with it’s unseemly evaluation of a human being
according to wealth and property instead of
responsibility and performance, and we are all
determined to destroy this system under all conditions.
The commie totalitarian fascists are also after your prrsonal liberty
They have not been left out. Opportunity exists for any color citizen in this country. Premise denied. Try again agitator Joe.
https://www.youtube.com/watch?v=NOX0_FUGM6k
I learned this as a pre-teen from this.
What’s his excuse?
Don’t know why Biden wants to careen to the far-left at this point. But Biden won’t pay me $$$$$ for strategizing.
—
Shows his campaign doesn’t have a solid base of supporters on the far left.
Biden wouldn’t have had the slightest idea of how to even enunciate that phrase, not to mention WTF it means if he hadn’t had it stuffed in his ear. I’m sure he’ll be nudging Hunter to offload his China hedge fund stake ASAP. Right. Any minute now.
Joe wants to follow in the footsteps of Barry The great and be even worst at the job
Trump is gonna ask this clown HOW these people have been left out.
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.