One of the biggest mistakes that Democrats make these days in terms of the economy is to think that they can make a massive change in a vacuum. They think that if they make one significant tweak to taxes or to the regulatory system, only their intended outcome will come in view and there will be no unintended consequences. It’s honestly moronic when you think about it.
That’s what Kamala Harris thinks, too. She is suggesting a bevy of radical new changes for America’s economy to reshape it in what she thinks will be a more “equitable” economy that is supposed to benefit “everyone.” The problem is that her policies do the exact opposite. They will hurt the very people she says she wants to help.
Host for Fox News, Charles Payne, recently said during a segment on air that the Harris policies for the economy, like increasing the corporate tax rate to 28%, are actually going to drive business and competition away from the United States rather than fostering it. Not only that, but the downline impact is that corporations will be forced to adjust. As Payne notes, they won’t just eat a giant new bill for taxes and do nothing about it.
“Juxtapose these two things: On one hand, a supermarket making 2% on profits is greedy, but the federal government hiking business taxes from 21 to 28% is needy. So, think about this for a moment, let’s put this all in perspective and you are right, if elected, I think Kamala Harris’ policies, or the ones that she actually will propose, may go further than this because she’s on record for wanting corporate taxes to be well into the 30s,” Payne said during a segment on Fox News.
“The problem is that the rest of the organized world, the rest of the developed world, over the last decade or so, has all come down to be competitive on a global scale,” the longtime Fox News host also added.
This is when Mr. Payne hit the nail on the head. The reality is that corporations will make labor worse for workers in America and in many cases, they’ll even implement mass layoffs to pay for the increased corporate taxes. It’s a simple cause and effect system. Push and pull. Newton’s third law at play here.
“This is something that hurts us and hurts our businesses and hurts our workers, right? And you have to understand that they are joined at the hip, there’s not one versus another,” Payne continued in his comments.
“That’s the narrative that’s being put forth is that somehow if she can go to war with corporate America, it will make the lives of workers better. No, it’s going to make the lives of workers harsher as there will be fewer jobs. They’re joined at the hip and that’s why America catapulted to the top of the world, has the number-one economy on the entire planet as a very young nation and we would like to stay there,” Payne added.
Payne went on to note that there’s no getting away from the fact that the Harris campaign has “big government” in mind, not the interests of the little guy who will inevitably be hurt by big government. It’s a wonder Democrats never talk about federal government greed and only ever rant on about corporate greed. At least in the case of so-called “corporate greed”, giant corporations like Microsoft are employing uncountable people and giving real security to hundreds of thousands of families.
“It has nothing to do with politics and everything to do with big government going out there and fixing all of the injustices that have ever occurred in the United States,” Payne said of the Harris campaign’s economic proposals.
'Something That Hurts Us': Charles Payne Says Kamala's Proposed Business Tax Hike Will 'Make The Lives Of Workers Harsher' pic.twitter.com/x4N6pCtAHo
— Daily Caller (@DailyCaller) August 20, 2024
Free Markets and Free People, Not Corrupt Corporatism
What Kamala Harris and her big name Democrat establishment lackeys do not want to talk about is how they are actually all big fans of the corrupt corporatism that’s made them all rich over the years.
Nancy Pelosi, who makes $174,000/year as a salary in her role in the U.S. House of Representatives, has amassed a net worth of more than $251 million dollars. Her stock trading volume is more than $137 million. You can literally track Nancy Pelosi’s market moves, and she seems to almost always come out on top. Some believe this is a form of that corrupt corporatism in the form of congressmembers abusing insider trading. This is the corporatism that people hate, not free markets.
We are so back.
According to QuiverQuant, Nancy Pelosi has made $10,000,000 in the stock market just this week.
That's 45x her yearly salary.
In one week.
— Nancy Pelosi Stock Tracker ♟ (@PelosiTracker_) August 15, 2024
What’s actually needed is real free markets. Real free workers. When the workers are empowered to set their own standards and the markets are free to create their own conditions, that’s when everyone wins. Not when the government comes along with incompetence and bureaucracy in tow to muck everything up. When you hike up the corporate tax bill, there’s less of a resource for workers to angle for! It’s as simple as that. The bargaining chip is being taken away for workers.
Democrats are always asking businesses to cut into their bottom line, but they never ask the federal government to take a paycut. Maybe just for once we should try addressing federal government greed.
Fair markets are free markets
— Ryan Cohen (@ryancohen) May 12, 2022
Kamala Harris and her comrades probably think real economic freedom is too “weird.”
What do you think about the Harris business tax hikes? Does the government need more taxpayer dollars? Let us know what you think in the comments below.