Anyone that thinks that a Bloomberg administration would keep the economy humming is kidding themselves. Bloomberg’s economic blueprint, which was outlined in this article, would be catastrophic. According to the article, the Bloomberg blueprint says “The 2020 presidential candidate unveiled $5 trillion in proposed new taxes Saturday as part of his sweeping domestic program. They would pay for infrastructure projects, as well as investments in green energy, affordable housing, education and health care, the billionaire Democratic candidate said.”

It continues with a quote from Bloomberg, which says “[the] plan I am releasing today raises rates on wealthy individuals and corporations, closes loopholes, cracks down on tax avoidance, expands the estate tax, and reduces the tax advantages that investors have over workers.” Finally, there’s this:

Among the proposals: rolling back President Trump’s corporate tax cuts; a new 5% surtax on incomes above $5 million a year; taxes on capital gains; lowering the threshold for the estate tax; and restoring top rates back to the Obama-era 39.6%.

In other words, Bloomberg’s plan would incentivize manufacturers to leave the US for places like Mexico, China and other foreign nations. Further, it would incentivize companies to not invest their money but rather to sit their cash on the sidelines. That’s the fastest way to slow job growth.

Then there’s this part of Bloomberg’s plan for economic justice for African Americans:

Black Americans have been disproportionately incarcerated, politically disenfranchised and subject to systematic discrimination. The enduring legacy of discrimination is reflected in the fact that the typical Black family has one-tenth the wealth of the typical white family.

Bill Clinton signed the bill that started mass incarcerations. President Trump signed the First Step Act that’s starting to reverse that incarceration trend. Democrats have taken African-Americans for granted. Democrats want their votes. They haven’t done anything to warrant the previously monolithic vote, though. Third, Ben Carson and Tim Scott have led the GOP’s efforts to create wealth for African-Americans through enterprise zones. President Trump signed significant increases in Historically Black Colleges and Universities, aka HSBU. Now, President Trump and his team are working on the Second Step Act to improve African-Americans’ lives.

Whatever Bloomberg promises to do, President Trump has already started doing. Bloomberg’s immigration policies are open border policies:

  1. Mike formed the pro-immigration organization New American Economy, representing more than 500 mayors and CEOs from all 50 states who are highlighting the contributions of immigrants.
  2. Mike ensured confidentiality of immigration status for all people who interacted with New York City government.
  3. Mike made New York City’s 311 government services hotline available in 170 languages and required city service agencies to provide translation and interpretation.

If you want the Democrat’s counterproductive policies on steroids, vote Bloomberg. Here’s a preview of Bloomberg’s TV ad that will air during the Super Bowl:

This won’t stop gun violence. It will only take guns out of law-abiding citizens. That’s the definition of counterproductive.

3 Responses to “Bloomberg’s domestic agenda”

  • eric z says:

    Gary and readers, any thought about the DNC changing its debate rules to include Bloomberg, despite his approach which clearly disses campaigning, beyond spending millions to buy the election? In particular, if you like or dislike particular parts of what you see of Bloomberg, what?

  • Gary Gross says:

    I think the DNC’s stunt is disgusting. I don’t agree with anything in Bernie’s agenda but I hate the dirty tricks that the DNC is pulling on him because they hate him & don’t want to listen to his ideas. Justice is about thoughtful rules that are upheld time after time after time. At this point, it’s painfully obvious that the DNC wants Bernie’s voters but that they don’t want much of his agenda. That’s plain wrong.

  • Chad Q says:

    Bloomberg is just another arrogant rich guy who thinks he can tall others how to live their lives while he does not walk the walk he talks.

    I would find it hilarious if the guy is the democrat nominee seeing how the socialists hate rich people. Oh wait, that’s all the democrat’s running. A bunch of rich, white, old people who think they know best how you should live you life.

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