Why Joe Biden’s tax plan will bring on a more sluggish US economy

He really does not understand the economy.

Unfortunately, most high taxation progressives believe the "Scrooge McDuck" Caricature of the wealthy. They get their millions or billions, convert into gold coins, precious gems, and baseball cards. They place that wealth in their vault and swim in it while they make fun of everyone else.

That is pure nonsense. The vast majority is not in that kind of "liquid wealth." It is out in the economy fueling additional economic activity. Growth of government produces a paltry few jobs for career bureaucrats, who in business terms are "non-productive" labor, which does very little to increase GDP, while increasing overhead. Those "shovel ready" jobs are mired in waste fraud, abuse, environmental impact studies, and unnecessary government regulation.

All his handlers want voters to hear is "tax cut", not how this will affect them later.