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Author Topic: Biden Economics Will Lead To Annual $6,500 Drop In Median Household Income  (Read 222 times)

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Online mystery-ak

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Biden Economics Will Lead To Annual $6,500 Drop In Median Household Income
« on: October 20, 2020, 02:16:20 pm »
Biden Economics Will Lead To Annual $6,500 Drop In Median Household Income

Published 17 hours ago

on October 19, 2020

By AFL

According to a Hover institute Study examined by the Wall Street Journal, Biden’s economic plan will result in the median annual American household income to drop by $6,500. The Hoover study examines  Joe Biden’s proposals on health insurance, taxes, energy, and regulation.

    Overall, the authors estimate that the Biden agenda, if fully implemented, would reduce full-time equivalent employment per person by about 3%, the capital stock per person by some 15%, and real GDP per capita by more than 8%. Compared to Congressional Budget Office estimates for these variables in 2030, this means there would be 4.9 million fewer working Americans, $2.6 trillion less in GDP, and $6,500 less in median household income.

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https://thewashingtonsentinel.com/biden-economics-will-lead-to-annual-6500-drop-in-median-household-income/
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Offline Smokin Joe

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Re: Biden Economics Will Lead To Annual $6,500 Drop In Median Household Income
« Reply #1 on: October 20, 2020, 04:56:14 pm »
If they don't destroy the middle class, where will they get proles smart enough to be slave labor?
 Most of the current plantation dwellers aren't tractable enough to get any work out of.
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Offline Hoodat

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Re: Biden Economics Will Lead To Annual $6,500 Drop In Median Household Income
« Reply #2 on: October 20, 2020, 05:01:37 pm »
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Biden Economics Will Lead To Annual $6,500 Drop In Median Household Income

And Trump will be blamed.
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