By Emma Walsh, Managing Editor, Bill Bonner’s Diary Joe Biden marked his first 100 days in office with the announcement of the $1.8 trillion American Families Plan. That’s on top of the already announced $2.3 trillion infrastructure plan. That should guarantee the Democrats a few more votes come the next election... So who’s going to pay for these $4 trillion stimulus plans? Why, the rich, of course! Biden says he’ll tax the country’s highest earners. But the Democratic Party is now the “party of the rich,” says Bill. So he doubts any sweeping tax changes will be put in place. That leaves just one option to pay for Biden’s boondoggles… Regards, Emma Walsh Managing Editor, Bill Bonner’s Diary | Spinning Our Wheels The Biden administration recently announced its goal to make America a “net zero” economy. But will America, or the world, be a better place if this plan succeeds? History is littered with examples of how plans that were supposed to make things better ended up with everyone spinning their wheels, going nowhere. |
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| Remaking American Society Joe Biden wants to remold the American economy and remake American society. He has a clear majority in the House, an edge in the Senate, and a national credit card with no apparent limit. So he’s pushing his agendas onto the unsuspecting public under the guise of job creation and tackling climate change. |
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| Biggest Rip-Off in World History Finally, the mainstream press is catching on to what Bill has been saying for years. The Washington Post just blamed the Federal Reserve for making the already-rich richer. Its ultra-low interest rates and bond-buying sprees are affecting economic inequality, says the Post. But it stopped short of saying they should come to an end. |
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| You Get What You Pay For President Biden’s spending spree continues. Hot on the heels of his $2.3 trillion infrastructure plan comes the $1.8 trillion American Families Plan. There’s something for everyone. But don’t be fooled. It is all designed to win back working-class votes to give the Democrats a more permanent grip on the Oval Office. |
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| No Tears for the Rich Someone will have to pay for Biden’s big-spending stimulus plans. “We’ll tax the rich,” he says. And most folks seem pretty happy with that solution. But Bill has his doubts that the Democrats will really squeeze the rich with substantially higher taxes. The policy wonks will get to work rewriting the laws so the rich can sleep well at night. |
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| A Chance to Double Your Money… Every Two Weeks This weekend’s guest editor, Jeff Clark, has come up with a way to potentially double your money… every two weeks. During his career as a newsletter editor, he’s shown his readers over 700+ winning trades. He says this is the biggest opportunity he’s seen in his career. |
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