Will President Joe Biden be good for business?

[hahay]

I'm sure every president will always be good for business but this time I think it will still take time for Joe Biden, because this is a pandemic era which of course will need time for recovery first to end the spread of Covid19. After all these problems are resolved, I am sure that the economic recovery will make the business sector the foremost move to be able to make the economy more advanced and this is a superpower that I think there is no doubt to go ahead.

[Yatsan]

President Joe Biden is just newly inaugurated as the 46th president of the United States of America and with the short span of time, he has still just being fresh on the position although already his second time on the national government as an official because he was once a vice president, we can say that he still have many years to prove himself worthy of the trust that the people of America have entrusted to him so why bother evaluating him with just a short span of time he was on the position? Surely he will be a good president that is good in business and everything because it is not already his first time after all and he will not take the courage to take the position if he does not know what he is doing. Just trust him and let time pass by that his platforms stated be come true and not be just a promise.

[Sithara007]

Biden has been in office only for a few days and the initial indications are not good. He has promised to increase the minimum wage, along with the corporate tax and income tax. The capital gains tax is also going up. While these measures may be beneficial for the lower class, they spell doom for the businesses, which are already in a very difficult position due to the COVID 19 pandemic.

[dupee419]

Our hopes are high up again with expectations from the new government, will campaign promises be fulfilled? Or are we about to get something again that we didn't bargain for?
With the inauguration of Joseph Robinette Biden Jr. as the 46th president of the United States, what is to be expected in the economic world?

Shouldn't expect too much from him already, but to compare him with Trump, I don't think he'll do much worse on what Trump did in his term, I'm looking forward for him to be as open as he can in terms of business and for his countrymen, though I am positive that Biden would fix and clean the things Trump messed up in his term, I'm just glad Trump is not president anymore.

[sana54210]

Since Republicans have had poor economic rates in statistics, there’s hope for Biden. During Trump’s administration, by August, unemployment rates increased to 8.4% from 4.7%. Stock prices have been increasingly volatile and consumer confidence has gone down.
Volatility is never good for business and it makes decision-making for investments even harder due to the lack of predictability. Biden puts most of his attention on restoring faith in government amidst the pandemic while curbing the situation altogether.  Biden’s plan of raising taxes for families with an income of and over $400,000 (which is only 1%)  is a relatively good one. The 1% would have to remunerate 80% of the tax incrementation.
Joe Biden intends on supplementing the Affordable Care Act by curtailing the lower age limit to just 60 from 65. He promises free tuition for students with families under the income of 125k at universities. It might just be that Biden will reintroduce a better business.

Do not say that Trump had a very bad economical management even with record breaking 30+ million unemployment applications, tax breaks of 2+ trillion dollars ending up meaning nothing, pandemic bankrupting millions of business or 8+ trillion dollar deficit addition because then you will make some Republicans sad and upset and they will share some data from republican sources how Trump was awesome.

Also do not share how Obama took over from Bush a 2008 crisis ridden and almost bankrupting nation and gave Trump a nation that had a positive increase in every direction because they want to say it was early years of Trump that managed it as soon as he came. It is obvious that USA is a divided nation and nothing can change that now, Trump was a dictator to nearly 80 million people and nearly 75 million people voted for him anyway, we can't have peace anymore. Biden being good or bad will not change anything.

[BrianH]

Joe Biden's platform and policies are identical to his democrat base in states like california and new york. One might say, it is possible to predict the effect Biden's policies will have on business by looking at the net effect similar policies have had in those states. Elon Musk recently moved from california to texas. Citing the negative business atmosphere democrats have created there. If Biden follows the same democrat policies, we could see the same bad policies we've seen in california and new york. Only on a national scale, throughout the entire country. Which would be very bad for the USA.

What's bad for america, could be good for europe and asia. If the united states declines, it would create opportunities for other nations to expand their marketshare. And that could well be one intended effect of Biden assuming the Presidency.

Exactly.

Tax cut under Trump was finally causing the US's debt/GDP to fall and businesses to improve, until COVID hit.

Biden bought by China and will tax the country into third world poverty, along with opening the doors to the third world. Democrats will seal permanent majorities in the US through illegal immigration/anchor babies and turn the country Communist. Downfall of US will have ripple effects across Western world with no one to protect them. Look to China to start taking military action within the next 10 years, as the US economy fails under it's mounting debt.

Buy crypto to save yourself from the inflation. Government will try to control it, but they can't completely.

[tbterryboy]

I do not belong to USA but whenever a President is changed I never see any big changes or something done out of the blue so I don't expect anything big to happen apart from a few policy changes which outsiders will not even notice unless they are deeply researching about them.

Is still difficult to say what and what he is going to do because all we heard before is more of campaign talk and campaign is usually different from reality and the Covid situation will make his job more difficult IMO, but we should expect this airdrop because it is more of Bipartisan IMO, the issue I will have with him is the tax, especially with Crypto gains now because there are so many proposal being thrown around recently

Not sure about crypto gains but one thing I heard about the new government is that they are trying increase taxes on the higher society and bigger organizations while the lower earning members of the society are not affected by this policy. If you want to read more, you might want to visit This Article

I would avoid making any assessment or statement on the government because it is too early to call them good or bad and for crypto I don't think much is going to change.

[StartupAnalyst]

Joseph Robinette Biden Jr. is already 79 years old! Do you really believe that in this age he will solve any problems that occur in USA?! He is a member of the Democratic Party, so now they will lead country. Soon we’ll see is it better or worth then Donald Tramp’s presidency.

[bits4books]

Even during the campaign, there was a lot of information that Biden would start raising taxes. Any increase in taxes is always bad for both business and workers, because where will the money for these taxes be taken from? That's right, from salaries. There is a chance that Biden will break everything that Trump did and then will justify that "You see what kind of system Trump created - that it did not survive easy reforms." Biden and his team are just left-wing scammers, greedy for power and seeking to suppress anyone who disagrees with them. I'm afraid that he will not just be a bad president, but will become a disgusting president with a bunch of non-obvious and disastrous decisions in terms of economy

[metenjean]

I heard behind Joe Bidden team when campaign have many investor from cryptocurrency and we are waiting is true or not after Joe Bidden become president of United State, will he make change bad opinion with bitcoin or altcoin after last president Donald Trump hate with bitcoin or altcoin, maybe we are waiting what the first announcement from him with cryptocurrency, become legal currency or bitcoin become illegal in United State.

[laredo7mm]

Do you really believe that in this age he will solve any problems that occur in USA?

I believe. The age won't be an obstacle for him to solve any problems in the USA. He isn't a new one in USA government. He ever became a vice president when Obama was president of USA. And he proved to everyone he succeeds at that time. This is enough as the reason that he can solve any problem there. In addition, we don't forget that he won't work alone. 

President George W Bush and Obama ignite the war in the middle east but trump was the one who didn't start any war in his time. Now Biden again brings those people to his Administration who was responsible for the war in the middle east. Biden said he will bring the glory back to America so I think he will continue what Obama and Bush have done.   He could be good for business for America, not the world.

[huff87]

Biden will try to repair trade relations with allies that Trump sundered with such ill-advised gambits as tariffs on their products in the name of U.S. national security. He will rejoin the Paris climate accord, but, to the consternation of his green supporters, he says he won’t try to shut down fracking for shale oil and natural gas or adopt the liberals’ Green New Deal. He may step up antitrust enforcement, which would be bad for the targets of government lawsuits but potentially good for their smaller rivals. Biden’s earliest priority must and will be getting a grip on the Covid‑19 pandemic. For business, Trump’s greatest failing was to prioritize economic growth over human lives by playing down the coronavirus. That had the unintended consequence of harming both lives and livelihoods: Businesses ranging from restaurants to airlines are in worse shape than they would have been if the administration had combated the virus earlier and more aggressively.

[coolcoinz]

People were expecting a lot from Trump in the beginning and got an unpleasant surprise. We tend to have big expectations at first and when facing the "bad known" we turn to the unknown, even if there's a chance it could be even worse in the end.

Joseph Robinette Biden

Lol, is that his middle name?  I confess I don't watch the news and hate politics, but that's an interesting one if true.

He says it's his grandmother's name.
J. Robinette Batman

[AndySt]

People were expecting a lot from Trump in the beginning and got an unpleasant surprise. We tend to have big expectations at first and when facing the "bad known" we turn to the unknown, even if there's a chance it could be even worse in the end.

It should be clear to any person that usually there can be no such thing that all the wishes and expectations will necessarily come true. If we talk about the "new unknown", then it is still worth saying that the current administration can hardly be called completely unknown and familiar people work in it. Unlike the Trump administration, there is great hope that the new administration will be less impulsive and more predictable for everyone.

[Sithara007]

He says it's his grandmother's name.
J. Robinette Batman

Biden's official name is Joseph Robinette Biden Jr. His father is Joseph Robinette Biden Sr., who was born in 1915. His maternal grandmother was Mary Elizabeth Robinette Biden (b.1894). The name of his great-grandfather was George Hamilton Robinette (b.1844), and that's from where this strange middle name originates. One of Biden's children (Joseph "Beau" Robinette Biden III) also shares the same middle name. As you can see, the names were passed down from one generation to the other and that's the reason how obsolete names such as "Robinette" finds a space.

Personally I don't care much about his middle-name, as long as he is not overly anti-business. Even Barack Obama had a strange middle name.

[Kittygalore]

Biden will try to repair trade relations with allies that Trump sundered with such ill-advised gambits as tariffs on their products in the name of U.S. national security. He will rejoin the Paris climate accord, but, to the consternation of his green supporters, he says he won’t try to shut down fracking for shale oil and natural gas or adopt the liberals’ Green New Deal. He may step up antitrust enforcement, which would be bad for the targets of government lawsuits but potentially good for their smaller rivals. Biden’s earliest priority must and will be getting a grip on the Covid‑19 pandemic. For business, Trump’s greatest failing was to prioritize economic growth over human lives by playing down the coronavirus. That had the unintended consequence of harming both lives and livelihoods: Businesses ranging from restaurants to airlines are in worse shape than they would have been if the administration had combated the virus earlier and more aggressively.

So in summary, Biden plans to undo every shenanigans that the previous administration has created right? If he wants to go as far, then he might as well screw over the laws Trump has passed about individual tax. I think what Biden should do in his term is to create a law that imposes bigger taxes on the big companies, with no ability to be exempted from it like how the rich provides charity events to use as a tax write off. I do think that Biden's administration will be a 50/50 split on business, it will be good for the small and sometimes family owned businesses but bad for the big companies like Amazon. Hopefully, this administration also becomes a friendly entity with cryptocurrency, as the last president is a big opposition of cryptocurrency.

[SquallLeonhart]

Tax cut under Trump was finally causing the US's debt/GDP to fall and businesses to improve, until COVID hit.

Biden bought by China and will tax the country into third world poverty, along with opening the doors to the third world. Democrats will seal permanent majorities in the US through illegal immigration/anchor babies and turn the country Communist. Downfall of US will have ripple effects across Western world with no one to protect them. Look to China to start taking military action within the next 10 years, as the US economy fails under it's mounting debt.

Buy crypto to save yourself from the inflation. Government will try to control it, but they can't completely.

I don't know where you get your information from but Biden's one of the first executive orders was to ban Chinese immigration which was overruled by republican court. Which means Biden said we do not want Chinese here while republicans said you have to accept Chinese to the nation.

So, if you think "biden will make it communist and sell it to china" you are very wrong, in fact it is literally exactly the reverse where republicans allowed Chinese people whereas Biden didn't want to. You have to realize now that things you read online could be wrong, look at the laws and things they do instead of the news you hear because news could be fake but the things they do are there for seeing.

Trumps tax cuts didn't help the nation as a whole, it helped the big companies to profit more, look at the unemployment rates, uninsured or underinsured people number increase, amount of shops closed and poverty levels applying for welfare, all increased during trump while companies made more profit.

[barbara44]

Even during the campaign, there was a lot of information that Biden would start raising taxes. Any increase in taxes is always bad for both business and workers, because where will the money for these taxes be taken from? That's right, from salaries. There is a chance that Biden will break everything that Trump did and then will justify that "You see what kind of system Trump created - that it did not survive easy reforms." Biden and his team are just left-wing scammers, greedy for power and seeking to suppress anyone who disagrees with them. I'm afraid that he will not just be a bad president, but will become a disgusting president with a bunch of non-obvious and disastrous decisions in terms of economy

I believe higher taxes are not really required to achieve what Biden wants to achieve, that is not really a problem that he is trying to solve, higher taxes could happen but that is just show of how he failed to find another way, the reality is that enough taxes are taken from public for decades already to cover for most things, there is really no need. You want universal health care that makes everything free? All hospitals, medicine, pills, injections everything free?

Well, there is enough money paid to insurance companies and taxes and pentagon alone that we could cover it twice around with the money that is collected anyway, you want free schools? That is going to be incredibly cheap compared to all the other things we pay for, get few less airport like ships, basically Bidens promises are good, the way he does will decide if he did it bad or good way, I want all the things he promises, just not pay incredible amount of taxes for it that's all, pay it with taxes people already pay.

[virasog]

Our hopes are high up again with expectations from the new government, will campaign promises be fulfilled? Or are we about to get something again that we didn't bargain for?
With the inauguration of Joseph Robinette Biden Jr. as the 46th president of the United States, what is to be expected in the economic world?

No one knows how the Joe Biden government will fulfill their promises and how they will help to make a world a better place. However we should hope for the best but at the same time prepare for the worst too. Many people are hoping to get stimulus checks but it seems that the government is trying to delay it which may cause disappointment for many voters of Joe Biden.

[metenjean]

Our hopes are high up again with expectations from the new government, will campaign promises be fulfilled? Or are we about to get something again that we didn't bargain for?
With the inauguration of Joseph Robinette Biden Jr. as the 46th president of the United States, what is to be expected in the economic world?

No one knows how the Joe Biden government will fulfill their promises and how they will help to make a world a better place. However we should hope for the best but at the same time prepare for the worst too. Many people are hoping to get stimulus checks but it seems that the government is trying to delay it which may cause disappointment for many voters of Joe Biden.

Still not any update yet what the first he announcement after become United State president, maybe he was standing for many news later and make on conclusion announce to public, I hope Joe Bidden become friendly with bitcoin and altcoin currency because United State is the most take effect country how the future bitcoin and altcoin as digital currency payment, I hope Joe Bidden become the first president of United State want to make bitcoin as legal payment currency.