
<p>Kamala Harris&#8217;s economic plan has faced widespread criticism, with many deeming it impractical and misguided. We will boil it down into two primary points.</p>



<p>First, she plans to spend money in large, large chunks. On her watch, the Biden Administration did this before with the &#8220;Inflation Reduction Act&#8221; which expanded our money supply resulting in massive inflation over several years. She speaks boldly about higher prices and inflation &#8211; as if she had nothing to do with it.</p>



<p>Does Kamala Harris not have ANY economist who can explain how inflation is generated from over spending? She has been there for three and a half years, was supposedly the &#8220;last person in the room&#8221; (likely utter BS), and she can&#8217;t see cause and effect of the Biden policies?</p>



<p>Second, these socialist in nature. Price controls are a socialist nightmare and ALWAYS result in inflation (1. price control &#8211; 2. shortages &#8211; 3. black market &#8211; 4. collapse of legit market). The other points involve more control and influence by the government. I.e. socialist. But like every socialist who is told that socialism has failed EACH and EVERY time, Kamala is boldly declaring that her plan is different (like every other socialist has done &#8211; just before they fail miserably).</p>



<p>Bonus Stupidity: She will be paying for this by increasing corporate taxes from 21% (Trump&#8217;s level) to 28%. OMG! As our friend Larry Horist will tell you, corporations do not pay taxes. They simply adjust their prices to provide a profit level and pass on the extra costs directly to the consumer. THIS IS DIRECTLY INFLATIONARY. Not to mention that the decreased competitiveness will cost jobs in the U.S. in favor of foreign imports that do not have such a heavy burden.</p>



<p>Note that Kamala Harris has no history of running any kind of organization, she was not a governor, she has never run a company, she only played second fiddle to Biden as Vice president, no direct responsibility nor accountability. Our prediction is that if she wins, her plans will not have support. If she passes any part of her plan, they will be poorly targeted and will have unintended consequences that will hurt the country more than they help.</p>



<p>The following is a partial summary, with our commentary in parentheses:</p>



<ul class="wp-block-list">
<li>Price Controls: Introduce federal price controls, particularly on food items, to combat what is perceived as corporate price gouging (yes, the socialist nightmare, shortages, inflation, with every consequence except the actual limit of prices).</li>



<li>Minimum Wage Increase: Propose raising the federal minimum wage to improve income for low-wage workers (inflationary, will increase unemployment, slow productivity, and help no one).</li>



<li>Child Tax Credit Expansion: Expand the Child Tax Credit to provide a $6,000 tax cut for families with newborns and restore the expanded child tax credit up to $3,600 per child (if we had a working economy with low inflation, we would not need this…).</li>



<li>Earned Income Tax Credit Expansion: Extend the Earned Income Tax Credit to cover lower-income workers without children (let&#8217;s discourage competition, increase the de facto welfare)</li>



<li>First-Time Homebuyer Assistance: Provide $25,000 in down-payment assistance and offer tax incentives for first-time homebuyers. (Spend, cause inflation. This will cause all housing prices to immediately jump by $25000 &#8211; that is the net effect).</li>



<li>No Tax on Tips: Propose eliminating taxes on tips, a measure aimed at supporting workers in the service industry. (Stolen from Trump)</li>



<li>Federal Ban on Price Gouging: Implement the first-ever federal ban on price gouging, particularly for essential items like food. (This is a red herring, price gouging is such a small part of the problem that it is not noticeable. Inflation is real and is the primary problem.)</li>



<li>Support for an ‘Opportunity Economy’: Create an economy where everyone has the chance to succeed, with a focus on fairness and equal opportunity. (Everybody&#8217;s doing this, Trump did it better than Biden.)</li>



<li>Strengthening Worker Protections: Enhance protections for workers, particularly those in lower-wage jobs, to ensure fair treatment and compensation. (Worthless platitude, leads to socialist support systems.)</li>



<li>Incentivizing Family Growth: Encourage larger families through expanded child tax credits and financial support, aligning with populist policies that aim to support family growth. (Spend money, spend money, she will find a way for this to fail while increasing inflation and hurting the families she wants to help.)</li>
</ul>



<p>These all sound nice if you don&#8217;t realize how tragically misguided they are, the best case scenario is if she is not able to do any of it (or rather that Trump is elected).</p>



<p>A final note, let&#8217;s not forget, she is still in office. If she thinks these ideas are so great, why doesn&#8217;t she go back to her office and implement them? In fact, why are they not already implemented? (hint: even if she could convince people, this stupid wench doesn&#8217;t know how.)</p>

Has Kamala Learned Nothing about Inflation?
