Biden obviously doesn't care about the second or third order affects of plans like this. You can't say they don't know any better...they ****ing know!
Why would anyone invest in ANYTHING anymore? Play the stock market and make money...half of your profit taken by the gov't PLUS some. Try and flip property...half your profit gone. The real trouble is going to be the stock market. People will pull their money out of stock so fast it could crash again. People (especially billionaires and other rich folks) won't stay incentivized to keep putting money into stocks when they lose over half their profit to tax. It's already risky...under the new plan, the "reward" will no longer exceed the "risk threshold."
Biden could care less though. They're hell bent on moving to Communism and this is their pieces moving on the chess board to get us there.
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