Will President Joe Biden be good for business?

[Twinkledoe]

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.

I hope people let him work and do the job of the President. Because what I noticed during Trump's admin, was that he was busy defending himself and not fully doing his business as President, as there were so many people against him. Maybe I have different outlook on this matter as I am not a citizen of their country. But that was what I perceived on the situation. Now, hopefully, Biden will implement policies that are really pro-people and address the real problem of its constituents.

[1714303061]

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[1714303061]

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[kpierce77]

I hope people let him work and do the job of the President. Because what I noticed during Trump's admin, was that he was busy defending himself and not fully doing his business as President, as there were so many people against him. Maybe I have different outlook on this matter as I am not a citizen of their country. But that was what I perceived on the situation. Now, hopefully, Biden will implement policies that are really pro-people and address the real problem of its constituents.

Yeah, they better fix the regulations which currently look really bad. I'm also not an American citizen, so I can only observe it from the outside. in my opinion, during the Trump administration, they were too businesslike. maybe it's because Trump's background as a businessman, and on the other hand, Trump is quite ignorant of several important aspects such as cultural aspects and other important things which in my opinion are quite bad. This has led to many divisions and movements that have occurred in America because it deals with divided societies. but it's what it is, I hope that Biden is able to solve the problem from the grassroots, and be able to make better regulations for everyone both in business and in other aspects. Expecting something new is fine, but we also have to give them time to work

[bryant.coleman]

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.

Biden has some radical plans that require trillions of USD in additional spending. And with the federal debt at record high levels, there is only one way to do that - to raise the taxes. He had already promised to raise corporate and income taxes. I am afraid that he will consider some of the crazy ideas that were proposed by radical left wing senators such as Ron Wyden, who want to tax unrealized capital gains.

[nomenclatur]

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?

economic hopes can be much more increased after joe Biden took office, hopefully, all sectors of the economy can increase further and cryptocurrency can be wider Covid can quickly pass and the economy can continue to grow faster to be able to compete with the country great, of course, it is very important if the economy and defense can be stronger ability to make everyone feel safe and awake without having experienced economic hardship and eating is very important.

[redsun114]

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.

I do want to believe that as well but we haven't even seen anything done about fillibuster and we haven't seen any 2000 checks like it was promised. Even these talks about "1400 checks because that would make it total of 600" are the big problems we are facing right now. If Biden ends up giving 1400 dollars in 6 months and say it is total of 2000 with the 600 already given, that would make them lose Georgia next time for sure, and probably couple more seats.

The only reason democrats won with this razor thin margins is the fact that Trump was horrible, and everyone was worse because of him, if they end up with not running the country to much better situation, democrats will not go out to vote this much again, and republicans always show up to vote, which means we are going to end up seeing a republican surge in congress and in the house as well. In order to prevent that, Biden has a lot of work to do.

[fullhdpixel]

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?

That’s what you can’t really tell, what the future of the next government will be like, whether they will be good or bad. I don’t live in the US, but I live in a country where we have already given up hope on the government lol, every new government that comes in, people never expect anything good from them because they think they will be nothing better than the other government. Like the saying goes, power corrupts the heart of men, there are people that will be good at the start but once that power is given to them they will have a change of mind and wouldn’t even fulfill any of their promises.

[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

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.

Personally, I do not need medicine to be free - because it is much more convenient for me to choose a clinic myself than to have no choice. If all medicine is paid, then there is a factor of competition for the patient, including the level of price/quality ratio. And if we have only free and paid medicine, then paid medicine will always be better because the clinic on state funding does not need to participate in the "battle" for the "consumer", they will get their money anyway.
I don't want to pay taxes for something that I won't use.
The same applies to education and other "socially significant things that should be free". In the world, nothing is free - just either you pay for things yourself or they are paid out of your salary.

[jaysabi]

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.

God, how will the rich people cope having to pay a living wage to employees and pay more on taxes of investments? Imagine the horror of having all those Walmart and McDonald's employees getting off food stamps and government aid because their employer finally started paying them them a living wage! I know I'm outraged. Outraged, I say!  /s

Here's a source in case you're as clueless as you seem:  https://www.cnbc.com/2020/11/19/walmart-and-mcdonalds-among-top-employers-of-medicaid-and-food-stamp-beneficiaries.html

Having the government subsidize people who have a job because their employers refuse to pay a living wage is not acceptable. This is a direct transfer of wealth to the owners of multi-billion dollar businesses by creating conditions that allow them to pay less than the cost of living for their employees and having the government pick up the difference. These businesses can afford this, and it is a moral imperative they shoulder their own responsibilities and get off the government teat. Businesses like Costco pay far over the minimum wage and are very profitable, and they do it to set an example for other businesses. Business will be fine.

[Lorence.xD]

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.

As a citizen that has lived long enough and has reach the age of reason, we should know by now that any words or promises made by politicians are nothing but BS that needs to be said so they can win the people's confidence into voting them into power. I saw a post in Twitter about the similarity of the people believing in politician's promise to the people who believes that the prostitutes are in love with them.

To answer the question as to whether Biden's administration will be good for business, definitely women and minorities will be a highlight in their presidency but the recent ghosting of their administration on the BLM movement after the election will definitely be a factor in this part; most programs and regulations will be targeting the recovery of the economy and considering small business are hit the hardest although they are making the big part in economy, which could mean that there is a possibility that most programs and regulations will be good for small businesses. And maybe they will give power to some big fintech companies. In conclusion, this administration will be a mixed bag.

[shenmedoubudong]

US President-elect Biden announced on Thursday (January 14) a US$1.9 trillion economic stimulus plan to revive the economy and accelerate the pace of response to the new crown epidemic.

[Smartvirus]

As a citizen that has lived long enough and has reach the age of reason, we should know by now that any words or promises made by politicians are nothing but BS that needs to be said so they can win the people's confidence into voting them into power. I saw a post in Twitter about the similarity of the people believing in politician's promise to the people who believes that the prostitutes are in love with them.

That's a very funny way to put it, "Prostitutes are in love with them", and that's the truth about the matter. There have always been un-kept or fulfilled campaign promises and that of President Joe Biden won't be any different. Its always there steering pistol to keep the wheel rolling as it produces the result they desire, but then, it would be hard to say if business and economic growth will thrive in his tenor as his just few weeks in office and we can't really conclude based on his ideas alone as, his subject to change. Lets wait for at least a year to ascertain how his doing before we can say a word or two on the matter and be a lot more accurate.

[darewaller]

As a citizen that has lived long enough and has reach the age of reason, we should know by now that any words or promises made by politicians are nothing but BS that needs to be said so they can win the people's confidence into voting them into power. I saw a post in Twitter about the similarity of the people believing in politician's promise to the people who believes that the prostitutes are in love with them.

To answer the question as to whether Biden's administration will be good for business, definitely women and minorities will be a highlight in their presidency but the recent ghosting of their administration on the BLM movement after the election will definitely be a factor in this part; most programs and regulations will be targeting the recovery of the economy and considering small business are hit the hardest although they are making the big part in economy, which could mean that there is a possibility that most programs and regulations will be good for small businesses. And maybe they will give power to some big fintech companies. In conclusion, this administration will be a mixed bag.

I am pretty sure there is a difference between women and minorities issues versus economical issues. One of them is fiscal whereas the other is social and Biden could be a bit more liberal when it comes to social stuff so we will definitely see improvements on the lives of minorities and women but he is also financially fiscal person as well, he will not let the debt get out of control and economy to crash.

He already passed a 1.9 trillion dollar package that mostly helped the poorer people, planning to rise the nation to its feet from the bottom up so that we could actually have a recovery and not just some rich folks being able to afford their third yacth with a new tax cut. He is going to get the american working machine all riled up and will make his presidency a great deal about how financially recovered USA will be by the end of his term.

[AndySt]

As a citizen that has lived long enough and has reach the age of reason, we should know by now that any words or promises made by politicians are nothing but BS that needs to be said so they can win the people's confidence into voting them into power. I saw a post in Twitter about the similarity of the people believing in politician's promise to the people who believes that the prostitutes are in love with them.
To answer the question as to whether Biden's administration will be good for business, definitely women and minorities will be a highlight in their presidency but the recent ghosting of their administration on the BLM movement after the election will definitely be a factor in this part; most programs and regulations will be targeting the recovery of the economy and considering small business are hit the hardest although they are making the big part in economy, which could mean that there is a possibility that most programs and regulations will be good for small businesses. And maybe they will give power to some big fintech companies. In conclusion, this administration will be a mixed bag.

I am pretty sure there is a difference between women and minorities issues versus economical issues. One of them is fiscal whereas the other is social and Biden could be a bit more liberal when it comes to social stuff so we will definitely see improvements on the lives of minorities and women but he is also financially fiscal person as well, he will not let the debt get out of control and economy to crash.
He already passed a 1.9 trillion dollar package that mostly helped the poorer people, planning to rise the nation to its feet from the bottom up so that we could actually have a recovery and not just some rich folks being able to afford their third yacth with a new tax cut. He is going to get the american working machine all riled up and will make his presidency a great deal about how financially recovered USA will be by the end of his term.

I'm not sure that an infusion of trillions of hastily printed money will necessarily guarantee recovery, but on the other hand, I am well aware that the government's arsenal of funds is not so large and this action is necessary in the current conditions of the ongoing pandemic. I also think that any relatively adult person should not wear rose-colored glasses and treat politicians and their actions with a certain amount of healthy cynicism, the most important thing is that the cynicism of the politicians themselves does not go off the scale and they still implement at least most of their promises.

[Quidat]

US President-elect Biden announced on Thursday (January 14) a US$1.9 trillion economic stimulus plan to revive the economy and accelerate the pace of response to the new crown epidemic.

Okay lets put up some links that would be showing off this headline.
https://www.nytimes.com/2021/01/14/business/economy/biden-stimulus-plan.html
https://www.reuters.com/article/us-usa-biden-stimulus-idUSKBN29J1B1
So it doesnt need to elaborate nor tell on what would be the effect of this?

[Gyfts]

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.

[Traderbtcc]

Our hopes are high up again with expectations from the new government, will campaign promises be fulfilled?

Indeed there.are alot of expectations for Joe Biden's administration, we just hope he's up to task and can actually do every political manifesto he made before he got elected, cause these politicians all have something in common, most times after been elected they don't act according to their words and that's what they have been doing for a long time now and it's been working on the citizens,hoping for a politician to do everything he promised a complete waste of them.

[Vishnu.Reang]

Okay lets put up some links that would be showing off this headline.
https://www.nytimes.com/2021/01/14/business/economy/biden-stimulus-plan.html
https://www.reuters.com/article/us-usa-biden-stimulus-idUSKBN29J1B1
So it doesnt need to elaborate nor tell on what would be the effect of this?

I don't really care about Biden or his multi trillion USD stimulus. In the end, this is going to be beneficial for the Cryptocurrency market. The value and acceptability of Bitcoin is inversely proportional to the purchasing power of the US Dollar. Let Biden take out all his stimulus measures and crash the value of US Dollar. We will see even more institutional investors moving towards cryptocurrency.

But there is another argument as well. A lot of people say that cryptocurrency investments increase when the stock market is in good health. Because they claim that people make their investment, when they have surplus cash. And another factor is related to the long-term capital gains tax. Biden want to increase them, making them on par with the income tax. This can have a negative impact on the cryptocurrency investors.

[metenjean]

Almost one month Bidden become United State president nothing new announcement what his regulation on the future with bitcoin or altcoin, maybe many countries keep thinking focus with covid 19 and miss many other thing. Now they have try working every time how effective to make Covid 19 gone from their country and try thousand way to make all it clear.

[Spaffin]

Almost one month Bidden become United State president nothing new announcement what his regulation on the future with bitcoin or altcoin, maybe many countries keep thinking focus with covid 19 and miss many other thing. Now they have try working every time how effective to make Covid 19 gone from their country and try thousand way to make all it clear.

You are really right. Each politician in his election campaign speaks very well and promises a lot, but we must evaluate the new head of state only by the results of his activities. Based on this, in any case, it is worth waiting before declaring something categorically. I believe that many peoples are now waiting for the moment how Biden's rule will be reflected in life in these countries.

[bryant.coleman]

Almost one month Bidden become United State president nothing new announcement what his regulation on the future with bitcoin or altcoin, maybe many countries keep thinking focus with covid 19 and miss many other thing. Now they have try working every time how effective to make Covid 19 gone from their country and try thousand way to make all it clear.

Do you expect Joe Biden to make announcement regarding Bitcoin? I am afraid that it is not his job. The treasury secretary (Janet Yellen) on the other hand has issued a series of announcements related to cryptocurrency, and as expected all of them were hostile towards crypto. From what I can see, there will be much more regulations and scrutiny for cryptocurrency and its users in the Biden term when compared to the 4 years of Trump presidency.