Elections & Taxes
The WealthAbility Show with Tom Wheelwright, CPA
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The Challenge for Biden Is to Slow the Money Supply, Bring It Down, Contract the Economy
Biden has been giving money to the people who spend it, and then what he wants to do is take him away from people who invest it. You need to be putting a damper on demand, but also you need to be increasing supply, which is an investment site. Reagan started in 81 with providing incentives for investment. So while Volcker was raising interest rates, Reagan was lowering taxes on investment.
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