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E 178: Kamala Announces Three Legs to her Economic Policy Stool. Like the story of King Rehoboam, this is one foolish act.
Manage episode 438919658 series 3442631
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Today's story centers around a passage found in 1 Kings 12: 1-15.
SPOILER ALERT: It's got something to do with scorpions, higher taxes, heavier burdens on the people and in the end things do not go well for the people or the King.
Mark does a great job teeing up the story and expertly exposes the error of Kamala's Economic Policies from raising Corporate Taxes from 21% to 28%, which will push corporations to produce their products overseas which will increase unemployment here at home.
Her plan to double Capital Gains Tax to 44.6% from its current rate of 20% will be disastrous for Americans and her plan to tax Unrealized Gains on assets that haven't yet sold will devastate American households at all income levels.
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