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As we enter the final phase of the elections both the candidates have presented two very different approaches about how they wish to shape US economy.

Trump's version should be known by all as he’s favouring Make in America, offering to cut more corporate taxes, continue his trade war with China, and promote Private sector in US.

Biden on the other hand is keen to invest in public sector, fight inequality, make peace with allies and restore the trade deal with China, and further he intends to abide by WTO, and join back WHO.

As you can see both have a very different point of view for US economy, and whichever candidate wins it’ll definitely effect the global economy too. However if you had a chance to pick one version, and reject the other which one would one would you choose and why?.



Source:

https://www.barrons.com/articles/biden-vs-trump-on-the-u-s-economy-51600186881

It's subjective.

Personally I am in favour of reducing inequality, particularly inequality of opportunity. Rich people should be president rich based on their own merits rather than from being born into privilege. I would argue that Trump's approach benefits the already-wealthy at the expense of everyone else, and it also increases tensions between different elements of society (BLM as an example). Inequality - both having different levels of opportunity, and being treated differently, is a major source of the conflicts that exist within societies, and is also counter-productive to the long-term health of the economy, as it concentrates wealth in the pockets of the ultra-rich, rather than distributing it across ordinary people who put the money straight back into the economy instead of just hoarding it.

Bidens agenda looks good on paper, but the thing is if he'll be able to achieve half of the things in his manifesto in the next four years, if he is elected POTUS. when Donald Trump was campaigning to be president for the first time, there were numerous things he had promised to do and didn't or hasn't done till this time.

This is one very defining election in the U.S., with the pandemic and all, United States needs a president that'll focus on more important things than the current war with China or issuing policies that are only political with no benefit on the economic/micro level. Tensions have risen so much in the U.S. this year for different reasons, which Trump didn't address efficiently, imo what the U.S needs to move their economy out of it's present state is a calm headed president who will listen to the expert officials around him and issue orders that will only be beneficial to the entire country, not just the wealthy and definitely not just to display military strength.

The trade war with China is hurting the private sector. Just look at what's happening to Apple for a concrete example. If you lose an entire market, who cares if you get to pay less taxes?

Taxes are deducted from a company's revenue. Would you rather save ~500 million on taxes at the cost of losing a $44 billion market, or keep the market and pay a little more in taxes? Companies may be greedy, but they are not stupid.

For global people or just for Americans, Trump is looking to cut down the job opportunities of overseas residents inside America which could be appreciated by the American for sure and already he took action related to this by cancelling visa approval.And due to corona people also not support China government so Trump has better edge with majority of people supporting it.

Too many campaign promises made by both of them.  In fact, there are still many promises that have not been kept until now.  The current economic turmoil is exacerbating the condition of America.  What is needed is not a rhetorical leader who pledges without much tangible benefit to society.  I saw both of them only focus on themselves in winning this election.  Without thinking about the best strategy in dealing with the economic problems that are currently happening due to the pandemic.

I will definitely still support Trump for his next term. Biden's point of view is that he wants America to have a more civilized lifestyle, a greener environment, and he focuses more on people. and for Trump, he is a leading economist and can solve many economic problems for America so that they can be great again. Mr. Trump has been doing a really good job, he's growing the American economy to astonishing levels. In my opinion, Biden is no different from President Obama's version, he won't be as good economically as Trump.

Both names are on the voting list for a reason! Don't trust politicians! Simple as that! I don't understand how people can still believe in any politician, they are all the same shit! They don't care about you, they don't care about anything except to keep this fucked up system alive! It's better for all of us to have smart contracts running the show than corrupted politicians, and don't doubt for a second that every politician is a corrupted politician! I think people are waking up, we need better system, and most of us knows that. Internet and crypto are two things that can open your eyes, and I strongly believe in changes, I would like to be alive to see those changes!

Obviously Biden fans will say Biden and Trump fans will say Trump but they do not serve for different lords. They are both fan of big corporations and they will both do everything in their power to actually make it their business for these corporations to make as much profit as they can. Wall street numbers matter to them more than unemployment numbers and both will try to cut tax on corporations and put heavy burdens on the regular public.

The only difference I see between them is not economical but social, Biden was VP for the first ever black president whereas Trumps make America great again is literally a slogan from white racists back in the day. So if Biden becomes president USA will be a "little" better for blacks (not too much) and if Trump stays president he would still hurt blacks most. For whites no difference will happen honestly.

Investors like Trump's corporate tax cuts and protectionist policies. He's good news for the US stock market, which is also good news for Bitcoin due to their positive correlation as risk assets.

That biases me quite a bit. I've got a lot of value held in BTC, some exposure to gold, and also some exposure to the stock market, primarily via pot stocks. I want those assets to keep appreciating and I believe Trump is much better for bulls than Biden.

Then again, there is no way cannabis is getting legalized under Trump. There is a slim chance it could happen under Biden, assuming there is a Democrat-controlled Congress as well. Legalization would send my stock positions through the roof.

On the flip side, a Biden crash would be good for my cash positions. :P

I would hate to see another 4 years of Trump too. It would just be depressing. I would love a break from his Twitter antics and his over the top rhetoric. Policy wise, I think both parties are garbage. I just want to see someone else in office.

So when you get down to it, I'm not sure which one I'd choose.

Trump inherited booming economy so that helped him a lot. The tax cut a couple of years ago was utterly useless, and I'm saying this as someone who has way too much money tied up in US stocks so it benefited me personally but it will fuck over my kids a couple of decades down the road.

Not sure what "promote private sector" means but business environment in the US is getting worse, particularly for small businesses that have been a major source of middle class wealth for decades and I don't think Trump has done anything to help it, the aforementioned tax cut notwithstanding. Crippling healthcare costs, useless tariffs, and the disastrous COVID-19 handling are the things that worry small businesses while Trump is in full denial.

But most importantly - I don't think Trump can bluster his way out of the recession. This requires actual work and preferably a boring president who doesn't feed on daily twitter drama.

Both Biden and Trump have the backing of oligarchs and plutocrats. This also makes Barnie who is more popular with his green new deal out of the way and resigns from the presidential candidacy, because he does not get support from the oligarchy. Each candidate has their own strengths and weaknesses, moreover, legal and thick money politics in America will not have a positive impact on the political world of the United States, it will lead to corruption, collusion and nepotism because there are obligations that must be fulfilled by the elected President to reciprocate support for supporters.

For the world, since the end of the second world war has been world hegemon, and in practice whoever the president is, America uses its power to suppress and control the world. It's just that the nationalist Trump is known as "the number one world enemy", moving more brutally, so that the world without Trump will be less war. But let's not forget that while democrats don't like to go to gun wars, the fact is that the product of the coalition between democrats and pharmaceutical oligarchs creates the reign of terror around the world.

But in the end, in a presidential election, logic is not enough, emotions and techniques are more decisive. Will history repeat itself where Hillary wins the vote but fails to become president.

In the last two years, Trump has been too tough on China and has killed small businesses. China has cheap and plentiful labor, and so are its products. Small businesses are too easy to deal with in symbiosis with China and they do it easily.
Maybe they need to change their way of doing things because in the long term China is their boss. Look at Apple, their technology was copied by the Chinese and made a wonderful product.

It is very difficult to say which version of trump's and biden's economy is better the effects of the epidemic have damaged the economies of both countries but critics claim that trump is ready to sacrifice the lives of citizens in exchange for the protection of the capital market by throwing away the national public health strategy to protect biden's economy from the worst-hit coronavirus. Trump is canceling the white house task force press conference on coronavirus ignoring health experts and paying more attention. But we will do it again we have started this process it's going to happen soon.

For American voters, this is like deciding who is the lesser evil between the two. Biden's economic approach is leaning towards the socialist ideology. There's nothing wrong with re-balancing the scales to make it even for the rich and the poor, though the question is how would he attain it? For trump, of course, it's the capitalist ideology. Knowing how great a businessman this guy is, he would of course lean towards making the rich even richer to potentially open some jobs for the working class. The thing is, more often than not, these rich people do not care about the welfare of the working class and instead just want to get more into their pockets than ever before. One thing's for sure though, a balance between these two approach is likely to get more satisfied people on board rather than having to go the extremes on their proposals.

From what I have perceived, it seems like a lot of people hates Trump a lot. I am not really the type that looks much into what’s happening in other countries, because my country has their own problems and I keep more of focus there, though like you have said, whatever decision that’s made in this US election will not only have an effect on just the US, but also other countries around the world. I can’t tell for sure who is better, like I said, I’m always seeing so many people hating on Trump, but at the same time I have also heard that he made their economy better. If Biden can do better than that, then he surely deserves the position.

1% of Americans already pays more than 80% overall taxes. This is unhonest. And Biden want to make this situation even worse

of course Trump.
first of all, Trump has experience and vision.

Perception counts for a lot. The BLS juicing unemployment numbers has done wonders for market sentiment. I think we'll see more and more massaging of the economic data, the same way they make adjustments to downplay how much inflation is eroding purchasing power. It reminds me of the boiling frog analogy. https://en.wikipedia.org/wiki/Boiling_frog


Biden and the Democrats aren't socialists. It's more about globalism (Democrats) vs. nationalism (Republicans). They both pander to corporations and elites.

What "overall taxes"? Their income tax share is about 40%. They do earn ~20% of all income so that basically reflects a ~2x higher bracket.

I don't know what else you include there or if you just made it up, but if it's something ludicrous like property tax or sales tax... well, duh. There is also a payroll tax cap at ~$130k and capital gains loophole. 1%-ers are not struggling and it's not "unhonest" in any way. It never made sense to me that wages are taxed at a higher rate than capital gains - it's a subsidy for people who don't really need it.

Very true. Why somebody should get taxed more for earned income (selling their labor) than unearned income (capital gains) is beyond me. There's really no rational explanation except that it's a direct subsidy to the rich.

Those who already own capital simply get taxed at a lower rate. ::)

It is not an easy choice.

If I had the opportunity to vote in the USA, I would vote for Biden because now the USA needs a President of the consensus who listens to his executive cabinet and all citizens. I think Americans have lost confidence in Trump because of all the mistakes he has made and they no longer tolerate the social problems that afflict them.

In my opinion, the two of them made too many promises, which in reality were only few that were realized. Therefore, most Americans
do not believe in politicians, who in fact are more selfish. Based on political developments in America that I know, the American population
has lost faith in Trump. So the possibility of Biden being lucky in this case, I personally really like Biden's agenda until now.So in my opinion,
Biden should be given the trust to lead America.

Trump is not an economist and hasn't done jack for the economy. He inherited a recovering economy that was already healthy and managed not to screw it up in spite of decimating tax revenues and pushing the deficit far past a trillion dollars a year when the economy was booming. That's debt that has to be paid back with interest so that the rich could get another tax cut they didn't need. He's running the finances of the country like he runs the finances of his businesses- straight into the ground. There's a reason he's declared bankruptcy so many times.

This is so ridiculous. Capital gains are taxed at a lower rate, because of two reasons:

1. The money that goes in to investment in shares/real estate have been taxed once.
2. The government doesn't compensate for capital losses. Only capital gains are taxed, while capital losses go unreimbursed.

And some people do have an assumption that only the rich go for investment in shares/real estate. Nothing can be farther from the truth. The vast majority of the investors are from the middle-class. If the tax rates are increased, they will simply keep the money in their account and the economy will collapse.

Only gains are taxed. The original investment is not taxed the second time.


That's not quite true, not in the US anyway. Taxes are paid only if there is a total net gain for the year. If there is a net loss it can be used to reduce to overall taxable income. This is limited to a certain amount but it can be carried over to subsequent years.


Given a 5-8% annual gain for a typical middle class long term hodler I doubt that a tax increase reducing it to ~4.5-7% would deter them, not to mention that e.g. 401k disbursements are not eligible for capital gains rates anyway.

When you sell those shares/real estate for profit, you have received new income which has never been taxed before. Why should it be taxed at a lower rate?


The government also taxes your paycheck, but if you lose the money, they don't reimburse you. How is that any different?

Of course the government shouldn't reimburse you for making crappy investments, any more than they should reimburse a gambling addict who blows his paycheck at the casino. In both cases, money was lost. In neither case should one of the taxpayers be subsidized so the other is at a disadvantage.

Quite interesting to see the amazing arguments about how "1% pays 80% taxes" (they don't) and how "trump because he has experience and vision" and basically nothing more, these are either bots, Russian helpers, or basically just moron Americans, thankfully I am not American but if I were, it would be soooooo easy to prove these wrong.

First of all 1% say they pay for 80% of the taxes, they avoid taxes, they get penalty for not paying it, then Trump cut 2 trillion dollar tax debt all over again, so as you can be 1% do not pay 80%, they do not even pay 50% of the taxes in entire USA, plus federal taxes for huge companies like amazon, facebook, google, wallmart doesn't even exist, they do not pay a single cent. Experience is something nobody can deny Biden has, dude has been in politics for 40+ years and did VP as well for 8 years, I will take that over some tv host.

Some of the losses can be carried forward, up to 3 years. But what if the individual doesn't invest in any stocks for the next 2-3 years, or he remains at a loss? Investing in the stock market involves a huge amount of risk, and that is the reason why the tax rates are lower. If the tax rates are sky high, then what prevents the same individuals from purchasing bullion instead of stocks? The only difference is that bullion investment doesn't benefit anyone other than the investor. However, investment in stocks spur job-growth and a growth in indirect tax revenue for the government.

I think the social media has been trump weakness too because he has given more time to Twitter than really tackling the real challenges. The health sector is not what it used to be during the Obama administration. I can't predict how the election will turn out but Trump need to boom the American economy and leave chasing shadows on Twitter.

The point is that at least some investment losses can be compensated. Also business losses. If you're earning wages you're at a significant disadvantage compared to many other kinds of income, due to higher tax rates, inability to write off loses/expenses, additional payroll taxes, etc.

It's incorrect to classify all investments as "huge risk" or income tax rates as "sky high". The difference is 10-15 percentage points and that's enough to create all sorts of loopholes for e.g. restructuring income as qualified dividends to take advantage of lower rates. No risk, all reward. These tricks are generally out of reach for the middle class. And equalizing tax rates would not make stocks less appealing than other types of investments, most of which are also taxed the same way.

How about : None?
Honestly I am not even bothered what both if them are writing , they will of course write things like that when the election days are near but at the end when it comes to actually working out these problems most of the time, it goes downhill.
Joe biden of course used words strategically but I do think the accusations that he is corrupted should be addressed first.
Trump should never be the option , he is not fit to be a president , he actually uses his Twitter account like a 5 year old , no doubt it's hilarious reading his tweets but at the same time the orange man needs some professionalism , at the same time don't ever believe what he says , what he did with Mexico was unforgivable , kids were orphaned , parents forced to flee , the situation in these Modern concentration camps is something that's not even humane. The guy committed a crime , these detention centers should never be made in the first place. I don't see any reason why someone should even consider voting for Trump.

It seems he was very active on that social media.
Well for me, Press Trump is in between considering people who were born with silver-spoon and people who have works hard to achieve their financial freedom and power. In business, it is always more scalable to speak with the people with established wealth rather than who are still striving to get there. If I would be Trump, I will barely decide which are the best.

Good execution and long term investments have a major difference that is very vital. The time and the process.

https://i.imgur.com/S8oCeyQ.jpg

Trump has miles of boats organizing victory parades for him. That has to count for something. And who are these mystery boaters, one might wonder. Are they russian agents? Nope. They're americans who saw their health insurance premiums double or triple under obamacare which was passed when Joe Biden was Vice President of the country alongside Obama.

Most don't follow current events closely enough to know what is truly happening in the world. Trump has done a lot of good for his country as President. While Biden has been in office near to 50 years and no one can remember a single good thing he has done.

I don't prefer to discuss governmental issues I simply disdain them.
I realize we should offer our input concerning the best politician yet for me all the politicians are trick all the need charges from their resident.
Bitcoin and digital currency can beat the government since its decentralized and tax-exempt.

Biden's economy is more attractive for average citizens (=most of Americans). And, of course, the top 1% of the USA population will consider Trump's economy as a better version.

We cannot further say on which version is the way better than the other between Trump and Biden for we are talking about the election campaign on which for sure they would like to impress the people and gain them as constituents to support them on the upcoming election day. Well, that is pretty normal in politics to gain people's hearts to get their votes right straight into their names. Practically speaking upon reading the agendas, it is a lot more obvious that Biden have a big perception and plans when he become the new president which is impressive compared to Trump that will still insist to continue what his administration have started with. Looking upon those agendas, it will look like Biden have a great plan to implement it on his administration but will it be more likely to be achievable or just a statement to get people's support for the election. Either way, the betterment between the two will just be witnessed right after the election and once one of them is already situated in the position as the reigning president or the newly elected one to implement their agendas for the sake of their own country.

I noticed that the election result is of concern to everyone in the world, as it is directly related to the stock market, and therefore to the cryptocurrency market. But regardless of who wins, we are all going to have a hard time, because the economy is pumped to the limit and in any case it is waiting for a downturn.

Well, yeah.  And I'm no fan of Trump, but you certainly can't say that the economy has suffered in the last four years of his administration.  Of course, he came into office in the middle of a bull market that hasn't yet run its course, so I'm not giving him all the credit for that.  He also knows a lot about finance and business, and I'm not sure what exactly Biden knows or if he's even fit to lead the US.  This election really, really sucks--just like the last one, actually.

What inequality of opportunity?  Companies are falling all over themselves trying to hire anyone who isn't a white male.  There's never been more equality of opportunity for historically oppressed groups, but it's up to them to take advantage of that opportunity. 

And how can you help it if you were born into privilege?  That notion of "privilege" has been blown so far out of proportion in the past few years that it makes me nauseous. 

All the SJW BS aside, I hate to say it but I think Trump would be better for the economy, but he's a horribly divisive president and I don't think the country can take another four years of that.  Just look at all the protests taking place all over the US.  The left might not be entirely correct about Trump, but they're not entirely wrong either. 

Can't wait for the debate!

Because USA is a world great leader and who ever won the election, people are relying to them especially my poor country. The election is crucial considering the situation right now, and they have both good and bad agendas, people of the USA knows better so I trust them to vote who’s right to win and who they think can help USA stand strong again, I’m rooting for a good US Economy.

Recently, Trump made a good move about giving benefits to those who are unemployed due to this pandemic.

Although, Trump is the one who causes the rise in unemployment, he still have an urge to help its people to sustain themselves but it is only for three weeks.

But in contrast with Biden, probably Trump is better due to its good service for the sake of its people. Americans love Trump due to prioritize the employment of its citizen compared to overseas workers.

If I'm giving that  chance to pick, I will prefer Trump because he has the ability to deliver the economy of US. If you think about richest he is there I believe every economy of a country needs more money to revive it. Biden don't have that Power to improve economy of US like the way Trump have all it takes to improve the economy.

In fact, the issue of Trump's failure to manage Covid continues to be repeated from various points of view, both from the point of view of immigrants, from the point of view of national defense, from an economic point of view, from a minority perspective, from a security perspective, all of which are detrimental to Trump being blown up by Biden. And in the end, according to the poll, Biden is superior to Trump. Even though Trump has been marked with controversy but there is a positive side to trump which is a true fighter who works hard for his victory.

Nationalism, patriotism & America first should be emulated by many countries in order to be truly sovereign. Will the rope a dope strategy bring Trump to win again like in 2016 where Trump dropped a crushing blow in the final round with his deal maker strategy.

If we will only be basing on the words being spoken out by the two aspiring presidents,  (the one to retain on position, the other to get the position to be throned as the new one) for me the best approach and platform will be bias into the ones being stated by Biden for it is futuristic and is thinking of the welfare and has a good plan for his administration unlike Trump that will jusy continue what he is doing once being re-elected as a president. But that is not how we can tell whether which one of those two economy will be the best until one has been elected as a president already. But practically wise depending on the statement given by the two more likely I would go to Biden but still works and actions matter and not words and promises to the people. Execution of the agenda and plans will be the one who can say which is the best economy between Trump and Biden's administration.

I agree. Biden's plan to tax capital gains on par with other income (39.6%) is going to destroy the US economy. The investors will simply dump the US stocks and move to some other country, where the capital gains tax is in the 10%-15% range. Biden's plan is to loot money from the middle-class and the rich, and to redistribute that money to those who don't work. It is not a sustainable policy, as we have seen in the case of Venezuela and Cuba.

Donal Trump's economy will kill a series of small businesses, large businesses in the chip manufacturing industry, phone components will have significant sales cuts in the fields they produce. There will be thousands of skilled workers unemployed in the field of manufacturing electronic components and semiconductor systems.
But thanks to Donal Trump, the US economy is protected with research achievements. Perhaps America will go to another level higher. Businesses and employees will have to upgrade themselves. A highly developed country is a country with high technology development.

Biden's economy will be close to China, and the US continues to suffer brain drain. China will grow faster by stealing technology and enjoying economic incentives.

It depends on who you ask. Honestly, this is highly subjective question. Some may be in favor of Trump, while some may be in favor of Biden. It depends on their personal belief and upholding principles.

They both have a nice campaign and advocacies for America. Hence, people depending on their values would side to either of the two politicians. It's a matter of what you personally like best for the country based on their said endeavor. Who you think suits best for the position that could do a great change for the betterment of America's economy and overall state, especially now that we're in the middle of pandemic.

It's really up to the people to decide whom to elect to address and make necessary actions to combat covid-19 and of course, who can make a good long-term impact for the country's future position globally.

You do realize that Trump is the reason why 300k+ people died and economy is in shambles with over 10 million people unemployed and peaking at over 30 million people looking for work? We are talking about historical numbers here, not working with china or trying to keep jobs American has never been the priority of trump, it never was and it will never be, dude is the friends of the capitalists that caused it and you are still thinking he is going to help you.

When there is an illegal immigrant working very cheap and you are unemployed because of it, it is not illegal immigrant that is doing something bad, it is the boss that hired him because he can abuse his cheap labor that is doing a bad thing. You will never reason with republicans, no way, they even made the zero tax a no big deal thing when they pay more than him.

I'm very intrigued that you state "first of all" then after that, nothing follows. Because of this, it occurs to me that there would always be fanatics of the president no matter what their records speaks about them. I can't really understand the logic on how can people support a candidate without any backups on why they're supporting this.


Nice take, given that almost all of the replies I've read in this thread are only speaking numbers, and the promises both parties give. I do understand that this talks about economy, but the people of a country, rich or poor, is part of the economy, disregarding the poor gives you "better economy" but in my vision for economy, humanity must still exist while growing.

And for my own opinion, as for I am not even a US citizen but I've read lots and lots of information regarding the state of USA, I would probably say that I will favor Biden. Making a better way for blacks to have a decent and just life is great, also having some balance between rich and poor is also a good take for me. Although I know that this promises maybe false, I would like to base my opinion base on the past deeds of the both parties, and their platforms for presidency.

Just a casual non-American observer. I think there are a few industries that would have to be "made in America". China is NOT a friend, you can just look at how they treat their neighbors or anyone beholden to them.

Well I am not a citizen of US but one thing I have realized after watching a few videos of the presidential debate is that Trump is too loud and insensitive to be a President. But maybe his policies are better for the Americans especially the big Giants of America but his policies pose a problem actually he is stressing upon make in America which companies might not really like. Companies would love to have corporate tax cuts but they want their produce to be manufactured at lowest cost which will definitely not happen with make in America. His economic model is contradictory. How can you foster the private sector by forcing them to manufacture at high cost by breaking ties with China?

For eg choice for the companies is either sell at $200 and makes the product at $120 from China would be happy to pay 30% tax on it's 80$ profit
or the other scenario where they could make the product at $150 and paying 15% tax on $50. The residual in the first case is much more than that in second case. And differences of cost of production are definitely more than this.

Bidden on the other hand offers a much realisitc model even though he focuses on restoring trade with China which most of the people from US might not like but technically bringing equality between rich and poor is the most important thing America wants as of now. Boycotting international associations in long term won't work for America they have to realise they are no more having the monopoly status in the world.
Yet I feel Trump has a larger chance of winning these elections.

Trump was really overestimated when he was taking over. People thought he'd be great for cryptocurrencies as a free market investor, shareholder and so on but he never attempted to popularize or support crypto. He's the man who likes his green.

When we look from a crypto holder's viewpoint both of them are going to be bad choices but Biden probably a worse one.

I am not supporting Biden's point of view of economic reform as it will hurt the economy further, what he is implying is that the wealth should be distributed equally taking from the rich and distributing it to the poor, on paper a typical Robin Hood story but in reality it will not help the economy.
People make money through their hard work and intelligence, if he is looking to give everyone equal opportunity then it is well and good but that is not what Biden is talking about.

The policy Trump is taking is reforming by strengthening the private sector and if any country has to recover economically both the private and the public sector should be solid.

Trump is a conservative with libertarian leaning. He is for lower taxes, irrespective of the income range. On the other hand, Biden is a liberal with socialist leaning. Kamala is even more liberal-socialist when compared to Biden. And as far as cryptocurrency is concerned, I have a feeling that Trump/Pence is going to be far better than Biden/Kamala. Socialism can never be good for cryptocurrency. 

I have to agree here. As bad as trump may look with his idiotic ideas like that one with the president of Mexico financing the wall, but socialist ideas are much worse.
Most of the EU is already liberal socialist because it's fashionable. Socialist ideals are the best when you want to buy your voters in a democratic system because the majority usually doesn't earn a lot and people are greedy in nature. You offer them some money for free they'll sell their souls.

No they're not, they're hack partisans who vote red until they're dead. Trying to paint it as conscientious voters who are responding to health care costs is a laughable distortion of both the issue of healthcare and the reality of what Trump supporters vote on. And Trump hasn't done jack for the country. He started a trade war that has destroyed small farmers, then pushed bailouts that went largely to massive farming corporations. Everything Trump has done has been designed to loot the treasury for his own gain or fat cat cronies. And just because you can't think of anything Biden has done doesn't mean "nobody" can. You sound like a typical Trump booster, so you'd deny reality anyway.

The 3 8-year POTUS terms before Trump were filled with absolute cronyism. I'm not talking small million dollars here and there, we're talking billions on tax evasion schemes and embezzlement. Clintons became billionaires after growing up in Arkansas - able to spend over $50 mil on Chelsea's wedding alone. Bush's VP Cheney was able to get Haliburton billions of dollars in government no-bid contracts. Obama didn't send a single person from SEC nor any bankster to jail all while his supporters did the whole occupy nonsense. Solyndra walked away with ½ billion in loans with nothing to show for it.

I know Trump has a lot of nasty crooks surrounding him, but I've yet to see a single crony capitalism event that netted his estate or his close friends anything near 1 billion in sales. He hosts something at his property and collects $500k in fees per event. Meanwhile Gavin Newsom in CA is giving away 1.7Billion dollar no-bid contracts to BYD because suppedly 3M can't make enough masks. Throw 1.7B at 3M and see what they can do.

America is great at Marketing, knows the psychology of people well, they want to be leaders in the world, including economics. To say short, they know how to be a leader and manage others. China lacks this, they are just in position where manager asks his employee to do this thing and manager will take care of others... Hope you understand the point of this... But recently, China is developing well and copied these skills from America. USA don't like this and look china as their opponent. China learnt how to use their resources for themselves and not for USA. That's the reason why Huawei succeed, TikTok succeed, china succeed in social projects. USA looks it as a threat cause it wants to be a leader who will manage others and don't need an opponent. That what Trump wants, to not be dependent on China and use other countries that will offer nearly same opportunities (cheap workers, manufacture...) and won't have an ambitious of cascading waves of change. On  paper, it looks like Trump want to strengthen America but finally the main idea behind everything is personal strength and success.

I don't know their inner politics well but that's what I think personally.

But in overall, election is a versus of good words, hopes and proposals. Those, who have a lot of money and nice words - wins.

If Biden is not bad enough, there is always a chance of Kamala Harris becoming the next president within the next 1-2 years. Biden is close to 80 years and I don't expect him to complete his first term. If something happens to him while he is at the office, then obviously Kamala is going to succeed him. And she is far more liberal and left-wing than Biden can ever be.

To me the U.S. economy is doing amazingly well as the U.S. has set a record in terms of employment the unemployment rate in the United States was 14.6 percent a slight improvement. That month added 2.5 million new jobs to the country's economy as a result the unemployment rate dropped to 13.3 percent. About 22 million people lost their jobs in the country in March and April due to the ongoing lockdown due to the coronavirus epidemic some trade resumed in May and the re-employment of workers began.

This is the reason I do believe that US Presidential Election will have significant effect on the markets. Trump or Biden is the big question there. People will be fearful until the outcome, market makers don't need Biden by any means. Market will go negative if Biden wins. The entire world is watching and wants Trump to win.

You can expect the stock markets to crash very badly, if Biden wins. During Trump's term the Dow Jones Industrial Average went up from 18,847 to 27,682.81, which represents an increase of 47% in just 4 years. No other president can claim something like this. All these gains will vanish in case Biden/Kamala gets elected. I am wondering whether I should sell my stocks, since Biden is well ahead as per the opinion polls.

This is not even about economy anymore, this is more about not killing people anymore and that is very important. Trump is the president that made white racism rampant in the nation, Trump is the president that "allowed" cops to kill blacks because when it happens he doesn't condemn the people who killed innocent person, he doesn't acknowledge it which gives the cops who kill people more courage, Trump is the president when a white terrorist kills 2 people with illegal guns get out of jail and wait his trial at his home, a MURDERER.

Most importantly Trump is the president when over 200k people died, there was math calculation somewhere that said if all Trump had to do was stay at the busiest place of New York and killed 1 person ever 6 minutes he would have caused less death. This is beyond economy now, much beyond.

As per the stats, that is incorrect.

https://en.wikipedia.org/wiki/Race_and_crime_in_the_United_States


https://www.fbi.gov/news/pressrel/press-releases/fbi-releases-2019-statistics-on-law-enforcement-officers-killed-in-the-line-of-duty

Also, the FBI states that 89 police officers (79 of whom were white) lost their lives in 2019, during "line-of-duty incidents". Out of the 49 officers killed as a result of felonious deaths, around 80% were white (40 in number). You are so vocal about the deaths of a couple of Black civilians at the hand of cops, but you are silent about the deaths of dozens of police officers by the "civilians".