Truth.
Let’s talk about Bidenomics.
Last week the Fed released a new report showing that wealth of the top 1% in America has reached a new record high.
The top 1% in America hold 45 trillion dollars worth of wealth. This is up 50% from 2020, when the top 1% only held 30 trillion dollars worth in wealth.
Why would that be?
Well, in the last 3.5 years our government has printed over 5 trillion dollars. One in every three dollars circulating right now was printed after 2020.
- 1.9 trillion dollar COVID relief package which had 128 billion dollars for schools (money they used for DEI, CRT and dr*g queen story hour)
- 1 trillion dollar “infrastructure bill”
- 2 trillion dollar “Inflation Reduction Act”
- lest we forget the 175 billion dollars for Ukraine
Money is printed, money is pumped into the financial markets (because the Fed buys financial assets and then subsidizes lending versus printing bills in some basement). Since the Fed repealed the reserve requirements free money is flowing like candy through Wall Street.
So, money is pumped into the financial markets, rich people get loans for swimming pools, houses and whatever else they want. So, swimming pool guy hires people to put in the pool, those people use that money to live, the people they pay with that money then go and buy groceries or pay for vet care for their dog. Finally, after many links in the chain, that money finally makes its way to people who live on a fixed income like social security and pension. By the time it gets to them, all they have left is inflation.
So, since Biden took office for example the cost of owning a home (an asset that creates wealth) has doubled. A median home costs close to 3,000 dollars per month instead of 1500 dollars per month. If you didn’t buy a home before, good chance you won’t be able to for a long time. If ever.
This is called redistribution of wealth without a bloody communist revolution. The only reason the top 1% saw their wealth increase by 15 trillion dollars is because it was taken away from the middle and lower classes.
The middle and lower classes lose wealth and gain a 30% yearly tax called inflation. It costs 30% more to live the same way that you lived in 2019.
So, democrats print money for foreign aide, abortion on demand, DEI, transgender surgeries in the army, the green new grift and so on. Their mega donors take loans to develop companies that will help implement things like the green new grift for climate justice. The rich get richer, you get poorer.
Then Biden will increase taxes and take away your measly 100 dollar a month cushion and tell you the rich are paying their fair share.
See, you don’t need a bloody communist revolution to redistribute wealth and make everyone except the top 1% poor. You just need one more three year round of the type of inflation you see today. Then the top 1% will own 99% of the wealth and the remaining 99% will all be poor and dependent on the government equally.
Forever.
Like all communist countries in the history of the world, there is a top 1% who control everything. They are rich. They are the people who seize power, also called the government. Everyone else is dirt poor and that lasts until there is no food and the choice is for communism to fall or for starvation to kick in.
That is what awaits America if democrats win one more election.