What Did He Mean?

 This will be a short one, friends, because it's primarily asking questions.  

During Biden's State of the Union speech, among a lot of other things which mostly added up to "pass the Build Back Better Act", he made two peculiar statements.  First, he complained about big corporations that have paid zero taxes, and proposed a flat 50% income tax on all corporations -- with only the suggestion that he meant corporations making more than $400,000 per year.  Second, he mentioned two big corporations by name -- Intel and Pfizer -- and gave them glowing reviews.  Don't these two statements look a little bit contradictory?

When was the last time that a POTUS shilled for specific companies?  Does this mean that the federal government will be openly favoring certain big corporations hereafter?  Wouldn't this add up to a government-controlled economy (communism)?  Or does it mean that certain big-rich companies will have heavy influence on the government (fascism)?  

And then there's that proposed 50% flat tax on all corporations.  The vast majority of corporations in the US, and elsewhere, are quite small;  a 50% tax will ruin them.  The giant corporations are already paying more than 50% taxes, so this proposal will actually mean a tax break for them.  Does Biden really intend for our economy to become a handfull of giant government cronies and a host of powerless pygmies?  

What did he mean, really?


--Leslie <;)))><      


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Published on March 02, 2022 09:32
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