There is no doubt that the United States is suffering from an unprecedented level of economic and international failure. While Afghanistan languishes under Jihadist tyranny and Ukraine is being ravaged by Russia, due to massive policy failures, the domestic order is in similar disarray.
After one of the longest bull market runs in U.S. history, inflationary pressures, record gas prices, and fiscal irresponsibility are taking a massive toll on American families. A report from Bloomberg News found that the average household will need to spend an additional $5200 this year due to inflation.
If Americans lived under a dictatorship, it is unlikely that the Biden Administration would be inclined to do anything. High gas prices help them achieve their goal of less emissions, spending gives them the ability to enact more social programs, and a withdrawal from the world stage allows them to focus on building a utopia at home.
However, because of our democratic system the Biden Administration has been forced to respond to these crises in various ways. For example, President Biden announced that for the next six months he will release 1 million barrels of oil a day from our Strategic Petroleum Reserve. In addition to this act of benevolence, Transportation Secretary Pete Buttigieg responded to Americans’ concerns by suggesting that they buy a $40,000 EV to combat the high price of gas.
On the economic front, President Biden has also endorsed legislation that would tax billionaires on their unrealized stock gains. What this would amount to is a tax on assets that have not been liquidated. This “20% billionaire tax” would affect every household worth over $100 million. In response to growing fears of increased taxation, Biden also claimed that “No one making less than $400,00 will pay an additional penny in federal taxes.”
What we can see from the floundering of President Biden and his lackeys is that their solutions are almost as bad as the crises themselves.
The release of the Strategic Petroleum Reserve begs the question; what was this reserve for in the first place? Most likely, this petroleum was not reserved to lessen the impact of irresponsible policies that led to a reduction in energy output. Rather, they were being kept in reserve for an unavoidable global catastrophe. Now that this commodity is being utilized to combat growing political pressure, we are more exposed to other dangerous situations.
Additionally, perhaps it is true that Biden’s tax plan will not directly affect families making less than $400,000. But the plan will undoubtedly affect the entire economy by taking money away from private enterprises and putting it into the hands of the federal government.
While this tax plan might reduce the deficit in the first year of its existence, it will undoubtedly do tremendous harm to the economy thereby reducing wages, overall employment, and tax revenue in the long run.
It seems that the Biden Administration’s response to the present crisis is to let us decay in decadence. In response to inflation they call for more spending, in response to foreign aggression they preach weakness, and in response to cultural concerns they gaslight the American public.
By subsidizing specific areas of American life, they hope to make things just comfortable enough for us to forget about the bleak state of our affairs. Unfortunately, the solutions of the Biden Administration merely compound our problems and will make the resulting fallout much worse.
