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 ...
In other words he wants socialism.
By shareholders, I think he means, or his puppet master means, those who own stocks will have them taken away and given to the workers in the corporations. Along the lines of what Soetoro did with GM and other car companies.
Yup, that has been one of their brain farts for some time, but now they will be able to implement it.
I guess they are just going to kill all the white people except or Lily white Joe or Pelosi and the rest of the frauds.
It is irritating to me.
I guess they are just going to kill all the white people except or Lily white Joe or Pelosi and the rest of the frauds.
It is irritating to me.
Most of Europe has “stakeholder” capitalism. Shareholders are just one of many who have input into managing the company. All of the managed trade Freepers who hate companies that import foreign goods oand the companies that hire foreign workers and the companies that pay low wages or the Freepers who rail about the big greedy corporations, oil is their favorite, or even the social media haters will LOVE this form of capitalism.
The ExIm bank has plenty of supporters on FR. Those Freepers should love this.
“The Democrat/Left really needs to get control of this guy .”
That’s just it: They DO have control of him, and they are pulling his strings masterfully. If Biden wins in November he will be a eunuch, and his handlers will run the country.
Sadly you are correct. We will not fight until the enemy is at our door and we will be alone.
Whomever is running Q is a genius. They tamped down the rage and desire for Justice for 4 years, while they get ready to close out this POTUS. He will lose the election, I have no doubt. No man can stand up to this, the people will choose Saul (the keeper of asses, instead of Trump (a modern day Samson).
Who gets to tell senile Joe that most large corporations are multinational and could move their HQs overseas with a few keystrokes?
“He will lose the election”
Bullshit this election is far from over, Please quit with the doom porn. My post was hypothetical but I do not believe Trump is going to lose. But I guarantee it won’t be decided on election night - they are going to try steal it but we need to fight in the streets on nov 5.
That’s gonna help your 401K a lot!
He said this with a straight face. He never finished it off by saying just kidding. When someone tells you what they want to do believe them.
We’ll see what happens to Slow Joe & associates if they really try that.
No further descriptions needed - because none will even come close to what’ll happen to that pile of excrement.
Ukraine, as long as his crack head son is able to go back on the Burisma board
Corporations would just move off-shore, and .gov would lose an insane amount of tax revenue.
We are not in the “Red Decade” 1930s anymore where technology limited mobility.
How many corporations have North Korea or Venezuela as their corporate HQs?
2 If they have no savings, they should practice deferred consumption (no smart phones, tats, etc.), until they have some.
If they won't do #1 and can't do #2, then they deserve their crappy economic situation.
BTW, I practiced what I preach.
>>> I don’t think even Liz Warren has suggested doing away with shareholders.
Was just think Liz Warren: “How Do You Like Me Now?!”.
Remember Joe Biden IS supposed to be the safe/center/moderate pick.
No they will still fire/lay you off due to fill in the blank
Well, given that capitalism depends on the rule and equal application of the law and that the rule of law is dead...
Kind of ironic to see antifa ask an end of capitalism when the fact of letting them riot and commit terror means capitalism is pretty much forfeited as a result of the sheer illegality of their existence...
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