Wall Street sent the stock marked straight up when president Trump was elected. Why? Because they know that Trump is a businessman and not a politician. That`s also the main reason why people voted for him.
Trump made a lot of reforms to make it better for entrepreneurs. He also made huge tax cuts to boost the economy, and we all know the results.
Everybody is listening when Steve Forbes is talking. He is a conservative, right-wing supporter and businessman. He has supported Trump`s tax cuts all the way and knows how the economy is working.
Steve Forbes believe Biden economy would be a disaster for the United States. The leftists want to do what they did in the ’70s, and we all know what will happen after that. It will take years and decades to come back to normal again.
A typical left-wing brain believes that the more tax you have, the more you earn. But history tells us that this is the wrong medicine.
Bond-billionaire Jeffrey Gundlach tweeted this 26 September 2020; “Elon Musk, Joe Rogan and Ben Shapiro, to name a few, are leaving California to escape incompetent governance. The “response” from Sacramento?
Wealth and massive income tax increases on job creators (AKA «the wealthy»). Should I align with 3 smart guys, or Sacramento? Hmmm.”
Not only the rich are leaving California, but also middle-class families. People and capital go where they are welcome. People and capital go where they are well treated. There is a divergence in a blue state and red state economies.
Compare Florida to New York where Florida has more people than New York with only half the budget.
Biden said earlier this year that he wanted to end the era of shareholder capitalism. Wow. That isn`t good music on Wall Street. Does Biden really know how capitalism works? What are companies gonna do without investors and risky money?
Higher taxes means stagflation and inflation. It will be a disaster for the recovery after the Covid-19 crisis. Higher taxes means that the disaster from the ’70s will come back again. We already now see differences in blue and red states.
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