Tag Archives: Tax cuts

Biden economy would be recipe for disaster

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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Trump`s tax cuts and reforms are working, and 4,1 percent growth means the strongest growth rate since the third quarter of 2014

America is growing fast. The United States are growing faster than China. The U.S economy advanced an annualized 4,1 percent on quarter in Q2 of 2018, while China grew by «only» 1,8 percent. That`s a bomb.

The Chinese economy advanced 6,7 percent YoY in June quarter of 2018. Last year, the economy expanded by 6,9 percent, beating the government target of around 6,5 percent and following a 26 year low of 6,7 percent in 2016. But, the United States can come up to that level very soon.

Trump`s tax cuts and reforms are working, and now we can all see right in front of us. The U.S economy advanced in the second quarter of 2018 and it will continue. This is just the beginning. The growth can reach 6 percent and compete with China.

The U.S exports jumped 9,3 percent (3,6 percent in the previous quarter), and imports rose at a much slower pace. 0,5 percent compared to 3 percent. The impact from trade was 1,06 percent, which is much better than -0,02 percent in the first quarter, and this is the highest contribution since the last three months of 2013.

4,1 percent growth means the strongest growth rate since the third quarter of 2014 amid higher consumer spending and soybean exports while business spending slowed. Spending of durable goods rebounded 9,3 percent compared to -2 percent and rose faster for nondurable goods; 4,2 percent compared to 0,1 percent and services; 3,1 percent compared to 1 percent.

Larry Kudlow said in his speech today that this is just the beginning. They have fixed a world broken trade system, and business investment is booming. 9 to 10 percent in the beginning of this year.

This is important because it is the key to productivity which is the key to growth which is the key to real rising wages. Big corporations like Apple are also coming back to the U.S.

This is a boom that is sustainable, Kudlow said.

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