Will President Joe Biden be good for business?

[jaysabi]

No...he won't be.

His plans involve increasing the tax rate and expanding on Obamacare, which Trump should have repealed honestly. It also includes 1.9 trillion dollars in COVID spending which is overall bad for the economy if you pay attention to inflation rates.

You might consider his 15 dollar minimum wage catastrophic for the economy too. Big corps will do well, because all politicians are in the pockets of large companies, but the small businesses end up getting the short end of the stick.

Considering republicans cut taxes primarily for the wealthy and ballooned the deficit to over a trillion dollars per year before the pandemic, this sounds like a great idea. You're not wealthy enough to have your taxes go up under the Biden plan, in fact the vast vast majority of Americans aren't, so there's actually very little reason not to repeal the tax cuts on the wealthy the nation already couldn't afford. trump couldn't get the ACA repealed because Americans don't want it repealed. Having a pandemic resulting in mass unemployment and millions of people losing health insurance has only demonstrated to the public how stupid having life-sustaining access to healthcare being tied to employment is. America is the only major western nation to live in the stone age like this.

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[sana54210]

His past record is not going to matter much, as he had campaigned on a far left platform for the 2020 elections. He may have been a moderate, but that was ages ago. The Democrat party itself has moved a lot further to the left during the last 1-2 decades. The initial announcements, such as imposing a 40% tax rate on long term capital gains, and multi-trillion USD stimulus points towards that direction.

Multi trillion dollar stimulus package happened during Trump administration as well, arguably the furthers right America has ever gone was during Trump, no other president was as right as him before and dude was champions for far-right people, you may think trump was far-right or not but we all know white extremist and racist people who were far-right and Qanons all loved Trump, if wrong people loves you that means you might be doing something that makes them happy.

So, if all those far-right people and their president did a multi-trillion dollar (2.2 trillion to be exact on the first one) that means wanting another multi-trillion stimulus shouldn't be far-lef, it is just patriotic, you would want your people to be better, who would want everyone to suffer? Trump wanted 2k checks, Biden wants the same, so everyone wants that, it is not about left or right anymore, both parties and both presidents wanted the same thing, that is just a decent thing to want. Seriously it is a bipartisan whole nation thing.

[AndySt]

His past record is not going to matter much, as he had campaigned on a far left platform for the 2020 elections. He may have been a moderate, but that was ages ago. The Democrat party itself has moved a lot further to the left during the last 1-2 decades. The initial announcements, such as imposing a 40% tax rate on long term capital gains, and multi-trillion USD stimulus points towards that direction.

So, if all those far-right people and their president did a multi-trillion dollar (2.2 trillion to be exact on the first one) that means wanting another multi-trillion stimulus shouldn't be far-lef, it is just patriotic, you would want your people to be better, who would want everyone to suffer? Trump wanted 2k checks, Biden wants the same, so everyone wants that, it is not about left or right anymore, both parties and both presidents wanted the same thing, that is just a decent thing to want. Seriously it is a bipartisan whole nation thing.

I think that it is not necessary to attach such strong importance to Biden's campaign slogans and allegedly his excessive leftism. The left wing is gaining strength in the Democratic Party, but the centrists still keep the situation under control and Biden is among them. Any president of the United States, no matter what party he belongs to, would still take the same actions in the current situation and would be engaged in injecting freshly printed dollars into the economy.

[Twentyonepaylots]

I believe the wage increase is a very necessary thing to do to help our fellow employees who find living really hard. Although honestly I don't think implementing it while the world is still suffering from a pandemic is a good idea, since business are still far from recovering. The economy is still in the dumpster, and enforcing higher wages can just force businesses to close down and would then cause much more problems for the common joe.

[Sithara007]

His past record is not going to matter much, as he had campaigned on a far left platform for the 2020 elections. He may have been a moderate, but that was ages ago. The Democrat party itself has moved a lot further to the left during the last 1-2 decades. The initial announcements, such as imposing a 40% tax rate on long term capital gains, and multi-trillion USD stimulus points towards that direction.

Multi trillion dollar stimulus package happened during Trump administration as well, arguably the furthers right America has ever gone was during Trump, no other president was as right as him before and dude was champions for far-right people, you may think trump was far-right or not but we all know white extremist and racist people who were far-right and Qanons all loved Trump, if wrong people loves you that means you might be doing something that makes them happy.

So, if all those far-right people and their president did a multi-trillion dollar (2.2 trillion to be exact on the first one) that means wanting another multi-trillion stimulus shouldn't be far-lef, it is just patriotic, you would want your people to be better, who would want everyone to suffer? Trump wanted 2k checks, Biden wants the same, so everyone wants that, it is not about left or right anymore, both parties and both presidents wanted the same thing, that is just a decent thing to want. Seriously it is a bipartisan whole nation thing.

That goes both ways. The problem is that you are looking only at one side of the picture. Obviously the far right gained great prominence during the Trump presidential term (2017-2020). But the same can be said about the far-left as well. Never before in the history of the United States did such widespread rioting occurred across the country, organized by BLM and Antifa (and supported by the Democrat politicians). The first stimulus was OK, since it was needed. The US economy was going through a rough patch and the stimulus helped the economic recovery. But when the economy has already recovered, I don't think that there is any need for another $1.9 trillion stimulus.

[Spaffin]

I have not found a single statement by Biden that would relate to his attitude to cryptocurrency and to the real plans for cryptocurrency when he took over as president. Although many media sources stated that Biden's wards constantly used cryptocurrency to fight Trump, or rather, used the real possibility of anonymity of money transfers. In this situation, it is very difficult to determine the attitude of the new US government in the future regarding the cryptocurrency, since everything will depend on a real desire to remain anonymous or gain control.

[bosede1]

Really looking forward to a great turn out especially from the manifesto. Joe Biden should be good for the business from the look of things and hoping for the best policies should be propagated from him as he takes over the mantle.

[sana54210]

The problem is that you are looking only at one side of the picture. Obviously the far right gained great prominence during the Trump presidential term (2017-2020). But the same can be said about the far-left as well. Never before in the history of the United States did such widespread rioting occurred across the country, organized by BLM and Antifa (and supported by the Democrat politicians). The first stimulus was OK, since it was needed. The US economy was going through a rough patch and the stimulus helped the economic recovery. But when the economy has already recovered, I don't think that there is any need for another $1.9 trillion stimulus.

Do not be against something just because democrats are doing it, makes no sense to not want something that would make the world a better place just because democrats are doing it.

You wanna know why I know you dislike it just because Biden is doing it? Because this is literally the thing that Trump wanted but senate didn't do, Trump himself wanted 2k checks, and with only 600 coming to your way, Biden didn't do what "left" wanted, I am a progressive left that you talk about being far-left that likes AOC and Bernie and Ilhan and all others that are progressive and we wanted 2k checks on top of that 600, but Biden "found the middle" and gave extra 1400 to make it even 2k, so you can be sure that Biden did literally what Trump wanted to do only few months ago, we can be 100% certain that as a progressive I promise you Biden is still by far the most centrist president you can find, Bernie was the far-left one and we didn't get it.

[Smartprofit]

Really looking forward to a great turn out especially from the manifesto. Joe Biden should be good for the business from the look of things and hoping for the best policies should be propagated from him as he takes over the mantle.

I also believe that US President Joe Biden will not make high-profile statements about Bitcoin. 

Nevertheless, his decisions will have a direct impact on the economy of the United States and the entire world.  Refusal to increase the Central Bank's discount rate (refinancing rate) will have a beneficial effect on the price of Bitcoin.  In my opinion, a lot of new dollars will be "printed" during the Joe Biden presidency. 

Will Bitcoin be banned?  In my opinion, no. 

Bitcoin mining contributes to increased energy consumption.  Banning bitcoins will negatively impact economic activity.

[CarnagexD]

I can see Biden being very compassionate to the common salaryman, especially with him spearheading the wage increase per hour of the average American employee, which is really integral especially during this time of need. However, I don't think it is wise to force it upon businesses who just barely started, or those that are just recovering from the huge blows it receive courtesy of the COVID-19 pandemic. Repeat offenders like fast food giants must definitely work on increasing their compensation to their workers, but for small businesses, not so much.

[wxxyrqa]

I can see Biden being very compassionate to the common salaryman, especially with him spearheading the wage increase per hour of the average American employee, which is really integral especially during this time of need. However, I don't think it is wise to force it upon businesses who just barely started, or those that are just recovering from the huge blows it receive courtesy of the COVID-19 pandemic. Repeat offenders like fast food giants must definitely work on increasing their compensation to their workers, but for small businesses, not so much.

It seems to me that we should wait a little longer to see Biden's first steps in the presidency, and besides, the fact that he canceled some of Trump's orders on the first day after the inauguration does not say anything yet. But what I'm most interested in is what Biden's official statement will be regarding cryptocurrencies.

[Cling18]

As for me, no politician or leader could change the economic situation the way that we'll feel satisfied. There will always be lapses because even honest and good leaders couldn't please their people. The government will always make promises that they couldn't fulfill and we should expect that. There is no such this as perfect leaders or perfect government.

[Question123]

Actually Donald Trump is more better to him in the field of business because we know that this man is a business mam but let see if Biden are do better the economy of America compared to the Donal Trump and I hope many new business and project will create in his term so many people will get benefits from it because they can apply the job to earn money.