Monday, March 04, 2024

Why Team Biden might be purposefully crushing the middle class - Social Links forGlenn H. Reynolds

Team Biden might be purposefully crushing the middle class - Glenn H. Reynolds
Vladimir Lenin supposedly once said, “The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.”
There’s some doubt as to whether this line is genuine; regardless, it seems like a pretty good description of what the Biden administration is doing to America’s middle class...
  • Inflation is running rampant. 
  • Gas prices going up?...
  • More expensive oil, coupled with the Ukraine war, also means more expensive fertilizer and thus more expensive food...
  • Then there’s the baby formula shortage...
So does the Biden administration actually want to see middle-class Americans reduced to poverty and privation? 
Or is it just too stupid to foresee the obvious consequences of its own actions? 
At this point, I’m not even sure which is worse...

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