Biden's proposal is to set higher taxes on rich Americans. There is a logic behind his words. If we set high taxes on everyone, then poor people just will not be able to resist the pressure and they may won't survive or there will be robbery and stealing because these people need food to stay alive. If we only set high taxes on rich people, they'll still live the good life but with a little bit less money and I think that should be okay.
If we open the whole world - there will be "hyperinflation"
If we close the whole world - there will be what? Anything better than hyperinflation? Closing the world = mental problems, i.e. more death because of it, destroyed economics and businesses, it's like committing suicide and in case of hyperinflation, we can still survive, see Germany as the example of it, they had enormous hyperinflation back in 1920 but built the strongest economics.
I agree with Baiden here. Just see Jeff Bezos, a person who become even richer during pandemic decided to cut down the rates for amazon affiliates, how fair is it?
This whole idea of taxing the rich is always well received by the masses but how are they going to do it? They can easily increase the amount that theoretically rich people will have to pay in taxes, but do you think they are going to sit down doing nothing while politicians pass this law? Of course not, they will use their influence to block such new taxes and even if they cannot do so they can modify the law enough to create holes in it and allow them to use those very same holes in the law to not pay those taxes, effectively making useless any attempt to tax them at an higher rate than what they are paying now.
In theory they say the riches are going to pay higher taxes, but in fact the middle class is the one going to be sacrificed, as always. The elites put the knife in government's and congress' necks and get all they want from them, but the middle class doesn't have the same *persuasion* power, while the poors (the masses) can't be charged by the state, as the leftwing needs their votes to maintain themselves ruling.
Leftists hate middle classes because they are the only independent force of a country, which built and conquered their patrimony by their own effort, it's the only class which offers resistance to government's abusive regulations and taxation policies.
Did you read what you just wrote here cause I’m a bit confused? If we open up the economy then the currency might face hyperinflation? But, the economy and the currency has gotten pretty bad already because of the lockdown, so do you still think that the lockdown is a good thing to continue with? Countries that took the lockdown to an extra length happened to face worst, their economy crumbled.
