Trumpled (Alternative Leading)

[PaulP]

Biden wants to raise Corporate taxes during a recession(thats making money for the govt with high school economics), big business dont want him and wont work with him. The stock market is expected to fall 5% or more if Biden wins, you are going to see mass unemployment and companies taking their business offshore.
This will all flow onto us and keep Australia in recession, I dont like Trump anymore than most but Biden doesnt have any policies of note apart from keeping Obamacare and I cant see how the USA can recover under Biden from the economic and covid damage.

Yes, he actually wants to increase corporate taxes from 0% to 1% Lol - so naturally all hell breaks loose. American corporate elites are a brood of vipers. The fact that they won't work with someone as far right as Biden tells you everything you need to know. Typical right wing scare tactics.

Very few people own stock, and the disconnect between Wall Street and Main Street economics increases all the time - there isn't zero connection, but it's not much.

Capitalist economies tank every 4-7 years on average. Sometimes it's a minor tank, sometimes it's very significant, like in 2000, 2008-09, and 2020. The longer the gap between crashes, the greater the intensity of the crash. There's many factors that affect stock markets - health crises, war crises, oil prices, collapse of governments etc. The standard solution is for the government to pour ridiculous amounts of money into corporations, big banks etc., which is supposed to "trickle down" to the working poor. But of course it rarely does, because the big boys can make more money on Wall Street than they can helping poor suffering slobs.

The system is broken, and no amount of band aid solutions, or fussing about a small percentage of tax here or there, is going to change that.