This is false. If Trump wins, investments in your 401k are likely to continue to increase, as will your wages, and standard of living. If Biden wins, the economy will go to the shitter, real wages will decline, as will investments in your 401k. If you have children, their livelihoods over their lifetimes will decline.
If Trump wins, you will profit, and if Biden wins, you will lose a lot of money, and freedoms.
Is there any statistical data or projection to back up these claims? Do you a URL?If Trump wins, you will profit, and if Biden wins, you will lose a lot of money, and freedoms.
How and why does Biden winning mean the economy will go downhill and wages will decline or the livelihood of children will decline over their lifetime?
How and why does Biden winning mean US citizens lose money and freedoms?
Bernie Sanders said Biden will be the most progressive Presidenct since FDR. However FDR depressed the economy in the 1930's:
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By 1936 the top U.S. personal income-tax rate had been raised to 79%, with a 70% maximum estate tax. The top federal corporate tax rate, however, was only 15%. In response, wealthy Americans accumulated profits inside corporations that owned their residences and other assets
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Suddenly, at Roosevelt’s urging, Congress tore up all this careful and legal tax-avoidance planning with the Revenue Act of 1937. Corporate money was subject to immediate distribution and taxed at high individual rates. In effect, these were accumulated-wealth taxes, imposed at precisely the wrong time.
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The economic pain was swift and severe. The Dow Jones Industrial Average crashed to 114 on Nov. 24, 1937, from 190 on Aug. 14, a 40% decline. Gross domestic product fell by more than 5% between 1937 and 1938. Unemployment, roughly 12% in May 1937, climbed to 20.7% in April 1939. Industrial production tumbled 33% from the spring of 1937 to May 1938 and didn’t return to its 1937 peak until late 1939.
By 1936 the top U.S. personal income-tax rate had been raised to 79%, with a 70% maximum estate tax. The top federal corporate tax rate, however, was only 15%. In response, wealthy Americans accumulated profits inside corporations that owned their residences and other assets
<>
Suddenly, at Roosevelt’s urging, Congress tore up all this careful and legal tax-avoidance planning with the Revenue Act of 1937. Corporate money was subject to immediate distribution and taxed at high individual rates. In effect, these were accumulated-wealth taxes, imposed at precisely the wrong time.
<>
The economic pain was swift and severe. The Dow Jones Industrial Average crashed to 114 on Nov. 24, 1937, from 190 on Aug. 14, a 40% decline. Gross domestic product fell by more than 5% between 1937 and 1938. Unemployment, roughly 12% in May 1937, climbed to 20.7% in April 1939. Industrial production tumbled 33% from the spring of 1937 to May 1938 and didn’t return to its 1937 peak until late 1939.
Economic pain today means less economic opportunities for our Children tomorrow. Also, Trump is arguing that school choice is a civil right, while Biden has said he department of education will be pro-teacher's union (not pro-student). This means, teachers will not be held accountable for their performance, and students will not be able to go to Charter schools when their public schools are failing, unless their parents have a lot of resources.
