Calling all the people who think Sleepy Joe and Radical Kamala are the next biggest threat to American Democracy. I've heard that their crazy left-wing agenda will bring about mass-suffering, and I'm wondering how anyone thinks that's going to play out.
These fears, if legitimate, are worth taking seriously, so can anyone give me a road-map of how the leftists are going to destroy our way of life? I'm not asking for, "they want to destroy the police", I want. "They're going to take powers away from police unions, which will make it easier to pass oversight laws at the state level."
Talk me through this, or is everyone just afraid of the spooky photos the Trump 2020 team have put all over the internet?
The better question is, defend Biden and Harris using their policies without mentioning Trump.
Oh wait, you're an intern. Nevermind, you don't know your ass from a hole in the ground.
First comment is an ad hominem attack, which ironically contradicts the comment's first sentence.. Good stuff.
It's going to be hard because, you know, that's who they're running against, but let's go through why the things Joe advocates are actually good going by the issues on his website and not mentioning how "something is better than nothing" or "trump's doing it so poorly that we must make a switch":
1. His plan for reducing racial economic disparity seems pretty strong. Re-working the incentives in Economic Opportunity Zones is a good start, and his reference to public or no-cost business incubators means that he's probably going to be footing the bill for deal fees and subsidizing investment in new markets. Even if you don't care about making business easier for black and brown people, it's still likely to increase the # of potential clients and investment projects. He's got a couple sections of text on his website that outline his use of targeted stimulus. He also has general plans like reforming the Buy American Act, which should make it easier to keep government money going to US-based firms.
2. Human Capital investment through his reformed unemployment insurance. The situation for people out-of-work is delicate and requires a balance of financial support and job-seeking programs to ease personal strain, but not in a way that it dis-incentivizes employment. His economic recovery plan involves job-training (based on the German model) and creating a national body that will oversee unemployment insurance. These should allow for people who are unemployed to hit the ground running without subsisting on government money.
3. Finally, while people like to call-out The 2020 ticket's history on criminal justice, Joe's manifesto has a pretty good plan for lowering the prison population. First, he wants to switch from incarceration to prevention. His goal is to make it easier to earn an honest living without having to resort to crime. These investments include early-childhood education, community initiatives, and a reformed mental-healthcare system. Second, he plans to attack the drug laws that contribute to the prison population. He wants to introduce drug courts and a specialized track for handling and rehabilitation for people struggling with substance abuse. Third, he wants to be tougher on bad cops. I'm not sure why this gets lost in translation, but we need someone to keep the peace, and somehow the rest of the world does it without so much violence. From personal experience the status-quo doesn't even prevent or address crimes very well. My house got broken into 3 times growing up and they still haven't found shit.
all of this without even mentioning the alternative.
Ask an average Trump or Biden supporter to say why Trump or Biden without mentioning the other candidate, and you will hear crickets.
WSO is mostly 18 to 24 year olds, who just parrot their liberal professors or conservative commentators. Not much substance here.
1) higher taxes. Are you in IB, PE, or HF? Then get ready to pay more On your year-end bonus.
2) have a personal account for trading? Get ready to pay more in capital gains taxes when you pay the IRS.
3) stock market. Higher taxes = lower EPS for tax paying companies = Lower equity valuations. Get ready for a Lower 401k balance.
there’s more, but these are the ones that will directly affect you and you will see most visibly. Basically you will become poorer under Biden
You must not know the history of the stock market under democrat presidents versus republican ones.
Poorer under Biden? Assuming you are in IB/PE/HF, something similar, you'll still be making IB/PE/HF money; all of the workers in that industry will still be making that kind of money. Your final take-home pay might be slightly lower but you're no worse off than any of your peers and still way ahead of 95% of the population. You won't be forced to eat ramen if your tax bracket goes up 5%...
If the top 1% had 5% less in disposable income, maybe that Porsche/RangeRover/yacht should come down 5% in price; they'll figure out a way to get into the hands of as many top 3%-ers as possible.
Yes, you will become poorer under Biden. It's just a reality you're going to have to live/deal with
Dude biden wants to tax capital gains at 40%, instate payroll taxes above 400k, raise corp taxes to 28%, raise top rate to 40%. Outrageous
And why are any of those rates bad? They were fine through the 50s, 60s, 70s, 80s, and even 90s. The income and wealth is all relative. If you're in the top 1%, you'll still be in the top 1% if the top tax bracket is 40%, and will still be consuming like a top 1%-er. I'm probably in the top 1-2%; I figure I might pay another $10-20k in taxes, but if it actually reduces income inequality in this country and can create more economic stability for the folks below, I'm all up for that. I'll stay be making more than 98-99% of the population and get all the privileges that that affords.
I’ll never understand why people point to the 50’s and go “see high taxes do work!!!!” while completely ignoring the tax deductions that made the effective tax rate for the 1% just over 40%. Or the fact that half the world was destroyed and rebuilding, allowing America to capitalize on that.
https://www.fiscal.treasury.gov/public/gifts-to-government.html
If those rates are low, why don't you just donate at the link above rather than forcing the rest of us?
So I've seen some on here say that a Biden win is priced in the market. Do you think that is true or are we going to see the market tank if Joe gets the win?
100% priced in
Not a fan of Biden on guns--as his policy is quite strict. But am somewhat a fan on economy, at this point. His fiscal policy restores progressive tax policy, which is helpful in the current economic environment.
He has in the past brought up the point of the cost of $1.6T in tax expenditures that I think is important help balance the budget. But, his policies are more modest, and could go a long way in silencing the current voices on both sides of the aisle who bemoan what they see as governmental neglect. That includes climate change and middle America jobs.
I haven't seen a comprehensive run through of the most important part of Biden's tax policy, which is how it will be allocated, but some estimates have said that he proposes a much more modest $6.7T (compared to Bernie's ~$40T) over 10 years in additional spending and reductions/tax increases of $4T. There's more to learn in how he plans to close this gap, but still, helps improve the country's current relations with liberals and those concerned about being left behind.
Additionally, some plans on his spending have come out, and I think from a national standpoint, we need more resources at schools, better teacher pay, and he plans on implementing that. As part of infra, he's proposing to upgrade school buildings, which are in bad shape in my state in certain areas. And, I know that this is a good provider of jobs.
Taxes will be cut again in the future. But when we're in a strong position to do so, a modest progressive tax code is helpful for both rich people who realize the position they're in to help, and for those who are targeted by spending plans from progressive taxes. The sensationalism behind modestly progressive taxes is not a real point to take seriously. When taxes were cut in 2017, the single benefit was better EPS position for corporations, that was passed to shareholders. A good benefit, but not the most optimal one for larger society. Saying, the result was "growth" is a little disingenuous, because you can look to find growth was better during the Obama era.
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