So why do these “experts” blame large corporations for something—price inflation—they do not cause? Because the objective is to increase government control of the economy and destroy private business that are large enough to be economically independent. They do not care about small businesses because those are already asphyxiated by taxes and small and medium enterprises are easily forced to depend on the government.
The founders of great corporations wouldn’t have put up with this bizarre nonsense. They were entrepreneurs with ethics and courage. But corporate suits are just managers who don’t want to jeopardize their gigantic salaries and huge stock options by running counter to whatever seems to be the fashionable meme of the month.
I’m not a church-going person, but previous ideas of what was morally right and wrong were handed down to Americans by their religion, Christianity. That’s changed now. The new religion is Greenism and Wokeism. Those things are now setting the moral tenor of society. This trend is in motion and still accelerating.
International Man: Recently, several large corporations have made self-destructive moves.
A prominent example is the Bud Light marketing fiasco which saw year-over-year sales plummet 17%. As a result, Bud Light’s parent company lost nearly $5 billion in market cap around the same time.
It should have been obvious that Bud Light’s marketing program featuring a trans activist wouldn’t go over well with its customers. Yet, they went ahead anyways.
What is your take on this?
Doug Casey: It’s shocking that a tiny percentage of the population has such an outsize influence in all areas of life. LGBTQ+ wield power not just in academia and the media but in business and corporations.
What’s amazing is not only the tiny number of people LGB-whatever represents but the fact that many or most of them are highly neurotic. Some of them appear to be psychotic. They have severe psychological problems, yet they’re being held up as models to influence other people. The fact that the suits who run major corporations go along with the ridiculous charade proves that not only do they have extremely bad judgment, but they’re despicable cowards.
Economics expert Biden expects US to believe corporations pay taxes. Yes, they write the check but corporate taxes are costs of business. They are included in your price.
President Joe Biden’s $2trillion plan Wednesday to rebuild the nation’s aging infrastructure, support electric vehicles and clean energy, and boost access to caregivers and their pay represents a massive undertaking that would be the centerpiece of his economic agenda.
Biden wants to raise taxes on corporations to pay for the eight-year package. The proposal would increase the corporate tax rate to 28% and overhaul how the U.S. taxes multinational corporations.
Even as infrastructure generally has widespread bipartisan support, Biden faces a giant challenge. Republicans have balked at the suggestion of tax hikes and warned they would oppose a package that strays from core transportation infrastructure.
See story, Page 10A
The proposal for improving infrastructure includes fixing the 10 most ‘economically significant’ bridges in the U.S.Getty Images
President Joe Biden’s $2trillion infrastructure package would boost access to caregivers and also boost their pay.Yuki Iwamura/AP file
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