What Does A Biden Presidency Mean for America?

What Does A Biden Presidency Mean for America?

Biden was inaugurated on Wednesday & is now officially the new president of the United States. What does a Biden presidency mean for America?

What does a Biden presidency mean for America?
Our new POTUS President Biden

Stricter Gun Control

Biden is promising to introduce “common sense” gun control & may use an executive order When asked if Biden still intended to use executive action on gun control – a vow made during his campaign – Psaki responded, “The president has a range of actions at his disposal … he hasn’t ruled out either of those options.

From: Biden won’t rule out gun control via executive order

A quick note: Why should the government have a monopoly on the use of force? Also, weren’t most of the “active” shooters trained by the military?

Higher Taxes

What does a Biden presidency mean for America?
The government giveth, the government taketh away

Biden has made it known that making the rich “pay their fair share” (whatever that means) is a top priority for the Biden administration. This will not only be for high income, but a raise in the capital gains tax as well.

More Stimulus Money

What does a Biden presidency mean for America?
Tron Gets his money

A 1.9 Trillion dollar stimulus package is in the works, promising more PPP, along with $1200 stimulus checks. It is not known if there will be more, but the likelihood of multiple stimulus bills being put on the table is quite strong.

An Increase in the National Minimum Wage

What does a Biden presidency mean for America?
More money for the poor?

The national minimum wage will be increased from the current level of $7.25 to $15.00. This probably will be raised in increments over time. This is seen as a positive by some, while the leading economists disagree.

What will all this accomplish?

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Are we headed towards a market melt down?

To put it simple – nothing. This will not help those struggling due to the government enforced lockdowns. This will not balance budgets or help rebuild the economy. What this will lead to is another great recession (possible depression). How can big government can’t fix the issue when big government is the issue?

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