CHIPS Act: Biden increases government to increase control over everyone’s business

That’s one description of corporatist industrial policy. Some big-government types reject socialism because of the obvious fact that the private pursuit of profit and open competition create the most wealth for the greatest number. Yet they believe that the power of free enterprise can be channeled toward politicians’ political and social goals rather than market demand.

Also, chipmakers will be downgraded if they buy their stock back from shareholders — one of two typical methods by which companies share their profits with their shareholders. Requiring employers to fund on-the-job daycare takes money away from wages and so makes it harder for a single earner to be a breadwinner. So the Biden administration is using their microchip subsidies to steer people into the arrangement the Biden administration believes is better for them and away from the arrangement they would choose.

Biden made this crystal clear right before the midterm elections. That’s when the White House went on its social media tirade based on the logic that if you ever accepted any federal funding of any sort, you were a hypocrite for opposing any of Biden’s proposed subsidies.

Remember when Obooboo said, you didn't build that? That wasn't youuu!!!

If you own a business, would you want this man telling you what to do?

Now here is understanding

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CERAWEEK Biden climate law will stumble without permitting reform, industry warnsThe Biden administration's climate law, which provides hundreds of billions of dollars in clean energy incentives to fight global warming, won't be fully effective without permitting reform, executives told the CERAWeek energy conference on Monday. A pity Biden believes he's in a tanning salon. President Biden proposed to cap & prevent leaking methane in the oil & gas industry. Detection & prevention of methane in the last few years alone, Kairos Aerospace had more impact on greenhouse gases than every Tesla vehicle ever made. Please scale up these actions globally.
Source: ReutersScience - 🏆 559. / 51 Read more »