In his first 100 days in office, President Joe Biden is demonstrating his preference for controlling other people’s money over letting them build future wealth. He had taxpayers finance a $1.9 trillion COVID-19 stimulus bill that has little to do with COVID relief. He’s encouraging Amazon’s employees to unionize. His green energy plans emphasize industry subsidies. His nominee to lead the Securities Exchange Commission appears in favor of helping activist investors mine company data for political purposes.
But even ardent Biden supporters should be concerned that his approach will make his goals financially unattainable.
Read Dr. Jamison’s complete blog post at AEI.