Posted on 07/10/2020 10:27:26 AM PDT by simpson96
Presumptive Democratic nominee Joe Biden, laying out his plans for an economic recovery Thursday, said President Donald Trump is too focused on the stock market during the coronavirus pandemic.
The former vice president, speaking at an event in Pennsylvania, said he wanted to end the "era of shareholder capitalism."
"Throughout this crisis, Donald Trump has been almost singularly focused on the stock market, the Dow and Nasdaq. Not you. Not your families," Biden said. "If I am fortunate enough to be elected president, I'll be laser-focused on working families, the middle-class families I came from here in Scranton. Not the wealthy investor class. They don't need me."
Among the policies Biden described Thursday is a tax hike for corporations. His plans call for a 28% corporate tax rate, well above the 21% set by Trump's 2017 tax cuts but still below where the top rate was previously.
Jack Lew, who served as Treasury secretary when Biden was vice president, said Thursday on "Closing Bell" that when the Obama administration discussed tax reform, a 21% rate was lower than even what business leaders were asking for and that the economy could withstand higher taxes.
(Excerpt) Read more at cnbc.com ...
Don’t need shareholders when you can just bribe and extort entire foreign nations and funnel their US tax dollars back to your bank account for speech fees.
Sucking off the government tit for 40 years.
He wants to get rid of employees 401k’s and IRA’s....you know...shareholders.
If capitalism isn’t for the owners — shareholders in a public company — who is it for? As actors say on stage when working into a part, “What’s my motivation here?”
When Trump presses him for details in the debates ... he will not be able to articulate his handlers positions to any kind of coherency.
If you are focused on the working class families, it is ESSENTIAL to be concerned about companies and their shareholders. Biden and his supporters are mostly evil, but some are just stupid. . . .
It’s sure obvious the village idiot Biden, is taking advice from ‘the squad’ isn’t it?
And watch Wall Street and Banking provide him with tons of campaign cash regardless...
Because of FEAR and INTIMIDATION that has been employed since Hitlery Healthcare of 1993.
Joe is apparently blissfully unaware of where pension funds keep their principal.
NOBODY needs you, you ignorant dumbass.
“He wants to get rid of employees 401k’s and IRA’s....you know...shareholders.”
It’s moronic.
A shift to money market safe cash is warranted as we approach the election.
I'm not watching my retirement vanish. I've saved and pinched for 40 years. My kids as liberal as they are understand that as goes my 401K, goes their inheretence. They are also not stoopid.
What a maroon. He doesn’t even have the ability to focus on his next thought.
Beat me to it. I’m sure all of the union pension managers will love this as will retired.
“Biden says investors ‘don’t need me...’
Actually, nobody needs you Joe.
Also, I just saw the Trump "Police voice mail" ad on TV. Very powerful. Show the Democrat riots on one side and a phone telling that the response time for murder, robbery or rape is five days on the other. Defunding the police has a price.
Was that the Biden “rally” that had five (5) whole people listening to him?
What a moron he is.
If capitalism isn’t for the owners — shareholders in a public company — who is it for? As actors say on stage when working into a part, “What’s my motivation here?”
Everybody has a 401k or invested retirement fund in a pension that is in the market. Most of the pension funds depend on the market. Biden is just wrong. He is turned into a socialist.
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