I hate to be the one to tell you this but Biden is going to grow the stock market even more than Trump.
The stock market represents the biggest corporations in the USA. These corporations benefit from an empowered China, though the American people do not. Also, corporate taxes are a bit of a joke because these large corporations are often able to completely bypass them with complex tax strategies, ESPECIALLY the big corporations with foreign operations.
Also, Biden wants to take on significantly more debt than Trump would have to allocate toward pet projects which will benefit the major corps. Debt essentially under this scenario will simply act as a wealth transfer from average Americans to the big corporations.
Trump has been good to corporations because Trump has been good to America. Biden is actually going to be better for big corps but not for America.
That is an interesting perspective I hadn't considered but it makes sense, and would also explain why there was overall growth (although small) in the stocks during Obama's term. This doesn't, however, make me feel any better about continuing to invest in the stock market. At some point doesn't the façade have to end? This can't continue indefinitely, so at what point do the repercussions take effect?
I hate to be the one to tell you this but Biden is going to grow the stock market even more than Trump.
The stock market represents the biggest corporations in the USA. These corporations benefit from an empowered China, though the American people do not. Also, corporate taxes are a bit of a joke because these large corporations are often able to completely bypass them with complex tax strategies, ESPECIALLY the big corporations with foreign operations.
Also, Biden wants to take on significantly more debt than Trump would have to allocate toward pet projects which will benefit the major corps. Debt essentially under this scenario will simply act as a wealth transfer from average Americans to the big corporations.
Trump has been good to corporations because Trump has been good to America. Biden is actually going to be better for big corps but not for America.
That is an interesting perspective I hadn't considered but it makes sense, and would also explain why there was overall growth (although small) in the stocks during Obama's term. This doesn't, however, make me feel any better about continuing to invest in the stock market. At some point doesn't the façade have to end? This can't continue indefinitely, so at what point do the repercussions take effect?