Biden's deceptive "billionaire tax"

I just wanted to say something quickly about, Joe Biden's proposal to raise or to double capital gains tax to, like, 39, basically 40%, and to raise corporate taxes from 21% to, like, 28%. This is a proposal that has a dual purpose, and the rhetorical purpose is actually completely concealing the actual purpose. Okay? The rhetorical purpose is to mobilize and invigorate the Democratic party base and to try to win over, working class voters whom they have lost to the Republican party and to Trump because the Democratic party has alienated themselves largely from the working class. A proposal like this sounds good to working people, to poor people, to lower class people because you're taxing the rich.

My taxes won't go up, but the taxes of the rich will go up finally. Right? So the rhetorical purpose is this is, you know, going to help with the wealth gap, and it's going to finally get the rich people to to do their fair share in terms of taxes in the public mind. That's the rhetorical purpose. The actual purpose is really the complete opposite of that because the federal government in The United States and the Federal Reserve, have more or less explicitly stated what they believe is necessary for controlling inflation and managing the economy.

And that, in a word, is unemployment. They want more people to be out of work. Doubling the capital gains tax and raising the corporate tax to that extent will trigger a stock market sell off and a stock market crash of massive proportions, which will result in companies laying off more and more workers. So the actual objective of that proposal is to put more people out of work, to put more working class, lower class people out of a job. That's actually what the objective is.

See how dirty and tricky politics is?