Democratic Debate: The Platform Offered By Democratic Frontrunners Will Be Disastrous For The Economy And Job Market

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  • News: 15%
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The platform offered by the Democratic frontrunners will be disastrous for the economy and job market

Based on the media attention, time spent talking and national polls, Senator Elizabeth Warren was seen as the frontrunner and the center of attention in the Democratic debate. Warren called for a wealth tax, increased taxes on corporations, repayment by taxpayers for student loans and free healthcare for all—supported by taxes on the “rich”—and a radical Green New Deal that will financially hurt a number of industries, such as the energy sector.

Think of all the taxes that are taken out of your own pay—now add an additional 10% to 20%. You will dine out less often, take less vacations and defer major purchases, such as a home or car. Companies will have less money due to higher taxes. With less funds, they’ll hire fewer people, downsize employees to cut costs and raise prices on their products and services to compensate for the higher taxes.

The answer to jobs is through the government, according to some candidates. Instead of relying upon corporations or entrepreneurs, they want the government to hand out jobs.

 

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I can’t believe I’m reading something honest in a Forbes tweet. 99% has become left wing garbage. Thank you.

gov takeover of many aspects of our lives, including raising taxes, running and managing healthcare n insurance Sanders n Warren r relying on angry progressive lefts like Ocazio&Omar who demand redistribution They'd lose

Why is this garbage that’s clearly written by an economic republican hawk on my timeline? Why doesn’t Forbes clearly mark this as opinion. Trash Editors Pick

Exactly. That’s why it’s time to vote for AndrewYang in 2020! yang2020 yanggang

We should deport them to Venezuela where they belong. demdebate

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 /  🏆 394. in TH

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