Jim Boswell Blog | Build Back Better | TalkMarkets
Executive Director, Quanta Analytics
Contributor's Links: Globanomics
Author of Globanomics. Jim has nearly fifty years of professional experience in the development of management information and analytical business decision support systems. Broadly disciplined with exceptional experience. Education includes an MBA from the Wharton School-University of Pennsylvania, ...more

Build Back Better

Date: Monday, December 13, 2021 6:06 AM EDT

It's time to pass the BBB bill.  I heard how the so-called Republicans are sitting back, thinking they cannot lose.  They think the BBB bill will bite the democrats in the ass if it passes.  They think the democrats will look silly if they don't pass it.

I'm not big on ass biting, but just like it is for most of the current issues of our time--the republicans are wrong, wrong, wrong.  The republicans of today are not even qualified to debate any issues.

So the big question is this.  Is Manchin a republican or a democrat?  He sure the hell is not an economist.  The same goes for Sinema.  

I just checked it out.  YTD--the market value increase in 2021 for just three companies (Apple, Amazon, and Tesla) is a little more than $1 Trillion.  These three companies represent probably about 10% of the market value of all U.S. companies, implying that the total market value gain in 2021 for American companies is probably going to be about $10 Trillion.  These are ballpark numbers, but essentially the market year for 2021 is over.

If the government has built there EGSB (which they should have by now), they would have the market value "exact" figures, not just for the United States but for all of the other countries of the world.  Taxing market gains pays for the bbb bill.  Where is inflation if you pay the bill?  How can you be adding to the deficit if you pay the bill.  How can you say that you are simply "jacking up the economy" when you are taking away (market value) from the economy at the same time. 

Now if you are scared to tax "market value gains", then yes, you may have a problem down the road.  But sooner or later, someone is going to get smart and do their math.  

The bbb bill is the reverse of "trickle down" theory.  If you tax "market value gains" and pass the bbb bill which helps the poor and the middle class--then government is finally working the way it should.  It's time the rich do actually start lifting up the poor and the middle class.  For too long now, we have been operating in reverse.

ps.  If the President gives us World Peace on Friday, much of the above will be moot--even though it will still be true.

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