Kamalanomics = Bidenomics on steroids

[This piece was published in the op-ed section of the 4sep24 Union as one of their Other Voices columns (here).]

George Rebane

Since ‘smarts’ and ‘poor’ don’t always correlate well, the financially burdened will again suffer the most if and when Kamalanomics kicks in and amplifies the terrible mistakes of Bidenomics.  From the Democrats’ published record Kamalanomics is a socialist-ingrained misinterpretation of economics that views wealth creation as a zero sum game in which businesses, entrepreneurs, and the wealthy are characterized as “corporate monopolists” and “oligarchs” – in short, they only take money from the middle and lower income classes which must then be forcefully redistributed by government.

As President Obama assured the country’s successful entrepreneurs who do create wealth and provide jobs for the rest of us, “if you’ve got a business, you didn’t build that.”  For our progressives it is always the wise and munificent hand of government that actually does the business building and job creation.  Absent government intervention, to our leftwing all else is “trickle-down economics” where some wealth eventually and grudgingly dribbles down an uneven playing field to those less fortunate.  And, of course, the playing field must then be continuously leveled to “grow the middle class out” through still more laws, regulations, fees and higher taxes on the wealth creators to insure that the “greedy billionaires” and “well-heeled” pay their “fair share” in amounts known only to government bureaucrats.  The inevitable result is that everyone’s cost of living goes up and quality of life diminishes.  Check the government data on the impact of Bidenomics over the last 3.5 years.

The exact opposite happened under President Trump according to the Dept of Commerce and IRS.  His deregulation measures and tax cuts resulted in very low inflation and gave rise to 70% faster real wage growth that specifically benefitted our Hispanics and blacks as compared to Obama’s eight years of government-shackled historically slow growth.  However, during Democrat administrations the prime beneficiaries of job growth are new legions of government workers who in the large add sand into the gears of the nation’s commerce and GDP growth.  Biden’s claimed recent creation of 15 million jobs overwhelmingly consists of government hires and those of the inevitable recovery from rebounding COVID job shutdowns.

Now on the road to “happiness and joy” President Harris promises to control inflation under Kamalanomics through policies such as:

• National price controls on goods and services that inevitably result in shortages, distribution disruptions, and lower quality goods and services;
• Nationalized (single payer) healthcare – unsustainable wherever practiced while reducing access and services;
• A 66% increase in corporate taxes always paid for by customers through higher prices and by workers with lower wage gains;
• Capital gains tax will increase to income tax levels (39%+) that will inhibit and distort America’s investment landscape;
• Destruction of small businesses by taxing owners for unrealized capital gains – cash they don’t have and to get they must liquidate their businesses;
• Digitizing the dollar (falsely promoted as “crypto currency”) so that our money’s future as a store of value, medium of exchange, and unit of account will be strictly monitored and controlled by government diktat and the Federal Reserve. (Kiss gold ownership goodbye.)  For all intents and purposes private property will then be no more (recall that you own something ONLY to the extent that you can dispose of it as you wish).

Liberals don’t understand how human (e.g. investor) behavior is impacted through reducing reward while increasing and/or maintaining risk.  They believe that tax rates don’t impact risk taking.  Progressives demonstrate daily that they have no idea about the sources and levels of risk encountered in starting a business.  Moreover, liberals have no inkling that increasing taxes from their already current highs will actually decrease government revenues – Democrats believe that simply imposing higher tax rates on the private sector will automatically bring in more money.  And that lowering taxes (yes, even on the ’rich’) have never resulted in higher government revenues or increasing our quality of life.

In sum, we have already been told enough about the kind of democracy and freedom that Democrats controlling Congress and the Executive will deliver under Kamalanomics – just look at the countries with all-encompassing autocratic central governments.

Comments

[scenes]

"I have never been materially active in politics before, but this time I think civilization as we know it is on the line.

If we want to preserve freedom and a meritocracy in America, then Trump must win."

- Elon Musk on X

[Don Bessee]

They own it -

https://www.breitbart.com/economy/2024/09/04/breitbart-business-digest-inflation-leaves-the-middle-class-too-poor-to-shop-at-dollar-stores/

;-)

[fish]

@Liz_Cheney: "Dick Cheney will be voting for Kamala Harris."

FINALLY.....Weasel gets the consensus he is always so desperate for!

Just glad to be on the team ehh Weez?

https://x.com/cspan/status/1832125631976353896

[scenes]

"Just glad to be on the team ehh Weez?"

No better team than the war-mongerin', child mutilatin', unlimited immigratin', government bureaucratin', affirmative actionin', statue topplin' one.

A proud proud day for the KVMR Action News Team.

[scenes]

"If I were Dick Cheney - or Liz Cheney, Bill Kristol, etc. -- I'd also vote for Kamala Harris. It makes complete sense.

Not a single one of these people have changed their views on anything. They just rationally see Kamala/Dems as the best vehicle for advancing those views."

- Glenn Greenwald on X

[Eulogized Hillbilly]

Kamalanomics - Those Commie Socialists at Goldman Sachs think it is better than whatever Orange MAGA Jesus is babbling about.

[fish]

Look who still thinks he can be president.....

Newsom kills CA bill to help illegals buy homes...

Oh Brainstem Junior......The Fellatrix Administration(s) will age you into irrelevance and close your "window" tight! Governor is where you top out! You probably should have found a way.... hint....hint... to make something vaguely resembling reparations happen to give the Jim Clyburns of this world cover to tell Kamala to fuck off.

If you're ambitious always being a good soldier doesn't help you!

Just another bonus for me....Hillary "loses" again and now Governor Isuzu too!

[fish]

Posted by: Consolidated Fat Guy | 06 September 2024 at 02:30 PM

Those Commie Socialists at Goldman Sachs think it is better than whatever Orange MAGA Jesus is babbling about.

Well there's a reason why they call them "Government Sachs"....

[Gregory]

"Kamalanomics - Those Commie Socialists at Goldman Sachs think it is better than whatever Orange MAGA Jesus is babbling about."

-Euthanized Hillbilly

"Orange MAGA" isn't a big Goldman client. Nice try, whoever you are.

[scenes]

“It’s NOT a political party. It has been captured by something that has objectives that have no place in a democratic society.”

“It has engineered a FALSE coalition to demand preposterous things, to rationalize the abuse of power it exercises when it is in office.”

“If you think about it as a group of Americans who have a view of the way the country should be governed, you’ll be scratching your head. If, on the other hand, you think of it as a HOSTILE force, one that has no interest in the wellbeing of average Americans, it makes a lot more sense.”

“The people who are vocally supporting it are in some ways VICTIMS of a psychological operation that has convinced them to support things that are, frankly, UNHOLY.”

- Bret Weinstein.

[Don Bessee]

Dumbass thinks goldman is a voice for the people LOL -

https://www.breitbart.com/2024-election/2024/09/06/goldman-sachs-endorses-kamala-harriss-globalist-migration-policy/

;-)

[The Estonian Fox]

scenes 03:16 PM

If the Democrat party is a HOSTILE force, then they are up against an opposing one. Don Willett has said "Facts are HOSTILE witnesses". He of the Federal 5th Circuit.

Facts and Dems are hard opposites.

[Don Bessee]

The lie to the hyenas claim to be 'middle class' no just the brat of an avowed marxist who lived large -

https://www.breitbart.com/politics/2024/09/06/exclusive-photo-essay-kamala-harriss-middle-class-upbringing-in-westmount-canada/

;-)

[Don Bessee]

She cannot hide from this -

https://www.breitbart.com/economy/2024/09/06/breitbart-business-digest-the-jobs-report-was-even-worse-than-it-seemed/

;-)