Reality Sets in Amid Biden's Incomprehensible Spending Sprees

Procter & Gamble, Kimberly-Clark and Coca-Cola have all warned that they’ll raise prices on many of their products as raw material costs rise. Plastic, paper, sugar, grain and other commodities are all getting more expensive as demand outpaces supply. Companies are also paying more for shipping as fuel costs rise and ports experience longer delays because of congestion.

https://pjmedia.com/news-and-politics/bryan-preston/2021/04/29/inflation-arrives-with-joe-bidens-incomprehensible-spending-sprees-n1443613

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I've noticed that last week when I did grocery shopping. Prices really went up. Biden does not realize that taxing the rich and corporations higher, will affect most of the low income.

When taxes increase, corporations in order to maintain revenue, raise prices of their products. All of them. Then to offset the cost of taxes, they lay off employees and try to revamp performance to cover all operations.
Who suffer but the low income, while unemployment rises.

At present all the economic policies of President Trump are still in effect until Biden starts raising taxes. So results of corporate performance, and the GDP for the 1st quarter, 2021, are still very good.

Once the Biden high tax takes effect, they'll
Lay of workers, added by Inflation

When corporations have lower profits due to high taxes, the net taxable income is also lower. So the taxes paid to the IRS is lower.

Another side effect of Biden's high tax. When corporations lay off workers, they collect unemployment insurance.

And when that benefit expires, they become welfare recipients provided by the government. Since they don't have jobs, there is no income tax paid to the IRS. In addition, the payroll tax is reduced due to the laid-off workers, and the additional lockdowns.

Then why has it always been.
The millionaires and billionaires have made a ton of money from government contracts.
This included and still does massive amounts of fraud and waste.
All equal to profit, and in some cases , Jobs, F-35 comes to mind.
All the big corporations today are big today because of government Uncle-Sam-ism.
Along with subsidies , for oil companies, tax breaks , too big to fail opportunities,
Making underhanded deals within the states of occupation for decreased revenue, free electric and sewer, and a ton of other required bribes to keep them in the state.
This means your tax money is helping those who don’t pay for anything, continue to not pay for anything.
In the right to work states, they have been allowed to take bids on wages.
Imagine that !
But, I know where you’re coming from, by defending them , you think you’re helping yourself.
Inflation- your New reason for not gaining higher wages.
“Sorry, pal, we can’t give more money,
Inflation you know !”

Then why has it always been.
The millionaires and billionaires have made a ton of money from government contracts.
This included and still does massive amounts of fraud and waste.
All equal to profit, and in some cases , Jobs, F-35 comes to mind.
All the big corporations today are big today because of government Uncle-Sam-ism.
Along with subsidies , for oil companies, tax breaks , too big to fail opportunities,
Making underhanded deals within the states of occupation for decreased revenue, free electric and sewer, and a ton of other required bribes to keep them in the state.
This means your tax money is helping those who don’t pay for anything, continue to not pay for anything.
In the right to work states, they have been allowed to take bids on wages.
Imagine that !
But, I know where you’re coming from, by defending them , you think you’re helping yourself.
Inflation- your New reason for not gaining higher wages.
“Sorry, pal, we can’t give more money,
Inflation you know !”