https://www.wsj.com/articles/the-spending-bill-cometh-11615848560
It takes a particular kind of willful blindness to focus on the wonderful free lunches coming with the $1.9T spending bill and to assiduously avert one's gaze from the implications of the need to pay for them. And now we have a preview of what is to come.
Are intelligent people really so stupid (am I contradicting myself?) as to think that if you tax a "company" it will be "paid" by the "rich" and will not harm the jobs of the workers, the sales of the suppliers, the spending of the consumers as well as the rate of return to the investors? Do they really think that investment will not suffer and with it economic growth? In the end, who do they imagine will be the real losers from this if not the lowest income earners? No? After all the Trump corporate tax cut did not boost the economy, did it?
The fallout will be an expansion of welfare, more people dependent on others to live and eat, fewer jobs, lower economic growth, but hey, the elites will be well pleased with themselves and feel so righteous - which is probably the point of the whole exercise. Forgive my contempt and disgust.
"Democrats are elated with the popularity of their $1.9 trillion spending bill, which they passed under the political cover of the Covid emergency. Handing out money is always popular, especially when there appear to be no costs.
Enjoy the moment because the costs will soon arrive in the form of tax increases."