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BIDEN'S "ROBIN HOOD" ECONOMIC PLAN FOR AMERICA
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<blockquote data-quote="vantexan" data-source="post: 4849456" data-attributes="member: 24302"><p>This is common knowledge that there's less investment when taxes are high. As well as a costly regulatory burden. Trump understood that the reason Obama's recovery was the slowest in history was not only due to taxes but the high regulatory burden Obama put on business. Obama's logic was if only the business owners and management were going to get wealthy then no one should get wealthy. Social justice. Told business owners they didn't build those businesses. Trump understood that a rising tide lifted all boats. Yeah, that guy over there shuffling paper was going to do better than his employees who humped for him all day. But with the opportunity to keep more of what they made a lot of businesses sought to expand and they started vying for available employees. Those guys who humped found they could hump for more elsewhere. Pay started increasing. That never meant that everyone was going to get rich and if you wanted to do really well you still had to have a skill that brought better pay. Things were going well until Covid hit and of course Dems wanted to use it politically to hurt Trump. And now want to take credit for what Trump did right.</p></blockquote><p></p>
[QUOTE="vantexan, post: 4849456, member: 24302"] This is common knowledge that there's less investment when taxes are high. As well as a costly regulatory burden. Trump understood that the reason Obama's recovery was the slowest in history was not only due to taxes but the high regulatory burden Obama put on business. Obama's logic was if only the business owners and management were going to get wealthy then no one should get wealthy. Social justice. Told business owners they didn't build those businesses. Trump understood that a rising tide lifted all boats. Yeah, that guy over there shuffling paper was going to do better than his employees who humped for him all day. But with the opportunity to keep more of what they made a lot of businesses sought to expand and they started vying for available employees. Those guys who humped found they could hump for more elsewhere. Pay started increasing. That never meant that everyone was going to get rich and if you wanted to do really well you still had to have a skill that brought better pay. Things were going well until Covid hit and of course Dems wanted to use it politically to hurt Trump. And now want to take credit for what Trump did right. [/QUOTE]
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BIDEN'S "ROBIN HOOD" ECONOMIC PLAN FOR AMERICA
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