The Adverse Effects of President Biden's Liberal Mental Disorder is Coming to Fruition
May 4, 2021 13:27:18 #
President Biden's Concepts on the Economy. The market is beginning to feel the pain Mr. President. The negative effects are now inflation and rising interest rates. More to follow.
The DOJ is plunging to the cliff right now. Interest rates according to Yellen will need to rise. Why? Biden's plan of raising taxes to corporations and high earners will destroy America's capitalism. This is the engine that drives US economy for more than 245 years. This is the foundation of our country, while Biden is tearing it apart. Banks and financial institutions will tighten supply of money, and when that happens interest rates go up. Cost of doing business also go up. Small business companies depend on the borrowings of their capital, much more so now that the C***d19 had all negative effects on their operations.
Doing business is not easy. Biden is punishing these people who work so hard to make our country great.
When you run a business, these are the cost associated with taxes.
1. Tax on the net profit of their income. Biden will raise this to 43.6%
2. Tax on sales.
3. Tax on state income
4. Payroll tax. They pay 50 % of the SS and Medicare for employees.
5. Unemployment insurance tax
6. Business licenses
7. Property tax
8. Self Employment tax
9. Excise tax
Those who handouts don't realize that business owners work almost 24 hours daily to run their business operations.
When interest rates go up, they have no option but to raise price of their products or services to offset rise of overhead costs. One of the costs is the interest rates paid to banks and financial institution where they barrowed the capital to run their business.
All business institutions large and small had to undergo these activities for doing business. Money does not grow on trees. They are earned.
Other negative effects now going on due to Biden's high tax to come up.
Inflation. It is very obvious now that inflation is on the rise. Cost of gasoline went up. Go to the grocery stores and you'll see the prices went up.
It was already planned that cost of electricity next year had to go up 25%. This is where Biden wants us to use for cars, and homes. Due to Kerry's EPA programs.
Folks the effects law of supply and demand, and EPA programs now destroying us. Due to Biden's and Kerry's EPA programs all cars will be run by electricity. This will cost us more. Cost of electric cars about $50k. Very few people could afford that. They have to bike to work or use horses. While Biden and Kerry ride on their airplanes.
The DOJ is plunging to the cliff right now. Interest rates according to Yellen will need to rise. Why? Biden's plan of raising taxes to corporations and high earners will destroy America's capitalism. This is the engine that drives US economy for more than 245 years. This is the foundation of our country, while Biden is tearing it apart. Banks and financial institutions will tighten supply of money, and when that happens interest rates go up. Cost of doing business also go up. Small business companies depend on the borrowings of their capital, much more so now that the C***d19 had all negative effects on their operations.
Doing business is not easy. Biden is punishing these people who work so hard to make our country great.
When you run a business, these are the cost associated with taxes.
1. Tax on the net profit of their income. Biden will raise this to 43.6%
2. Tax on sales.
3. Tax on state income
4. Payroll tax. They pay 50 % of the SS and Medicare for employees.
5. Unemployment insurance tax
6. Business licenses
7. Property tax
8. Self Employment tax
9. Excise tax
Those who handouts don't realize that business owners work almost 24 hours daily to run their business operations.
When interest rates go up, they have no option but to raise price of their products or services to offset rise of overhead costs. One of the costs is the interest rates paid to banks and financial institution where they barrowed the capital to run their business.
All business institutions large and small had to undergo these activities for doing business. Money does not grow on trees. They are earned.
Other negative effects now going on due to Biden's high tax to come up.
Inflation. It is very obvious now that inflation is on the rise. Cost of gasoline went up. Go to the grocery stores and you'll see the prices went up.
It was already planned that cost of electricity next year had to go up 25%. This is where Biden wants us to use for cars, and homes. Due to Kerry's EPA programs.
Folks the effects law of supply and demand, and EPA programs now destroying us. Due to Biden's and Kerry's EPA programs all cars will be run by electricity. This will cost us more. Cost of electric cars about $50k. Very few people could afford that. They have to bike to work or use horses. While Biden and Kerry ride on their airplanes.
May 4, 2021 13:58:50 #
Radiance3 wrote:
i President Biden's Concepts on the Economy. The... (show quote)
Stock up on all necessities. And remember all canned goods will last for years and that includes canned meats, powdered milk and bottled water. This is the equivalent of a huge, huuuuge hurricane coming. Our President is trying to ruin us. Don’t let it happen.
May 4, 2021 14:14:05 #
Carol Kelly wrote:
Stock up on all necessities. And remember all canned goods will last for years and that includes canned meats, powdered milk and bottled water. This is the equivalent of a huge, huuuuge hurricane coming. Our President is trying to ruin us. Don’t let it happen.
==================
As inflation goes higher, value of our dollar shrinks. Employees will demand for higher wages to afford the rising cost of living.
Another adverse effects of inflation. After the $6 trillion spending spree of president Biden, the interest rates we pay for the almost $33 trillion national debts will also go up every year. Time will come when debtors which are mostly China and Japan could foreclose our debts, and take over this country to pay them off. That is what happens when debts could not be paid.
May 4, 2021 14:21:23 #
Radiance3 wrote:
================== br i As inflation goes higher... (show quote)
I’ve been saying that this is part of the Marx playbook. Ruin the country and the bottom line is bankrupt the country, then who comes to our “rescue”...China or the h**eful despicable United Nations?
May 4, 2021 16:03:19 #
lpnmajor
Loc: Arkansas
Radiance3 wrote:
i President Biden's Concepts on the Economy. The... (show quote)
Trickle down doesn't work, so..........................................
May 4, 2021 16:43:43 #
lpnmajor wrote:
Trickle down doesn't work, so..........................................
===========
Dumb bells are not welcome to post their stupidities here.
May 4, 2021 20:39:06 #
Radiance3 wrote:
i President Biden's Concepts on the Economy. The... (show quote)
Nice try but I know where the biggest howls are going to come from after Arizona
Announces, yep,
The third count was the same as the first two.
45 Lost.
But I hear Republican tears are delicious !
May 4, 2021 22:22:06 #
Milosia2 wrote:
Nice try but I know where the biggest howls are going to come from after Arizona
Announces, yep,
The third count was the same as the first two.
45 Lost.
But I hear Republican tears are delicious !
Announces, yep,
The third count was the same as the first two.
45 Lost.
But I hear Republican tears are delicious !
======================
I know it. Waiting for a long time to audit was wrong. I would have advised not to do it. As I have said before, that all the e******n crimes had been already cleaned up. The democrat criminals' evidences were already destroyed. There is no use auditing them again.
Audit should have been done right after the first count.
All documents and b****ts must be secured that nobody could tamper them. That's the way how to protect the integrity of the results.
GOP, no more further audits please. What needs to be done right now is ensure that the fraudulent processes must be removed and install all proper control procedures to protect the integrity of our e******n.
I have listed proper procedures and control, was sent to the president's office last year. But the president and team had left, was not acted upon.
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