The Business Advisor

Episode 986 - Stimulus, Higher Minimum Wage, And No Economic Plan


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Biden wants a stimulus plan of $1.9 trillion. Temporary band aid for about 3 weeks and a whole bunch of pork to things not even involving Covid. He wants a $15 minimum wage for some parts of the country where living is much lower then New York and California. That $15 goes up to $18 once you add in Workers Compensation, more taxes taken out, and other items associated with that wage. Wages go up, cost of goods and services go up to you and me. Inflation is created. Biden wants to open up the boarders during a pandemic. He puts restrictions of travel on Europe but allows undocumented aliens to cross the boarder with no medical check. Just plain stupid. Right now in California hospitals are full with people from across the boarder to get medical care because of Covid. Strain on our economy, yes. Strain on our medical systems, yes. Smart idea, NO. Biden cust jobs in the oil industry, that employes truckers, welders, manual labor, construction workers, crain operators, and the list goes on. Killing jobs, not very smart. Higher taxes on businesses, jobs lost. So after we talk about all this there is no confidence on what Biden is doing to the economy in just a few days on the job. $1.9 trillion that you and I have to pay for. That $1,400 stimulus check, we have to pay for with taxes. Everything that Biden is doing falls back on us, the American taxpayer. Here is a suggestion, leave the economy to us Americans. Let us open our businesses again, create jobs, create new products and services, Government and Wallstreet do no know how to create a good economy, they think too short term. A change in government has to happen before the economy goes way out of control.

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The Business AdvisorBy Michael Lodge

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