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The future of the US economy: What is behind Bidenomics?
According to a report from www.rnd.de, economic policy plays a crucial role in the current US election campaign. President Joe Biden's team is now promoting the term “Bidenomics” to illustrate its economic goals. Biden plans to invest in infrastructure, education and the middle class, tax the super-rich more heavily and support people with low incomes. This is in contrast to the old economic policy “Reagonomics,” which relied on the trickle-down effect and advocated tax cuts for the rich. The proposed measures could have a significant impact on the market and the financial industry. Greater taxation of the super-rich could change the distribution of income and increase confidence among...
The future of the US economy: What is behind Bidenomics?
According to a report by www.rnd.de,
Economic policy plays a crucial role in the current US election campaign. President Joe Biden's team is now promoting the term “Bidenomics” to illustrate its economic goals. Biden plans to invest in infrastructure, education and the middle class, tax the super-rich more heavily and support people with low incomes. This is in contrast to the old economic policy “Reagonomics,” which relied on the trickle-down effect and advocated tax cuts for the rich.
The proposed measures could have a significant impact on the market and the financial industry. Greater taxation of the super-rich could change income distribution and influence investor confidence. However, investments in the middle class and the labor market could lead to strengthening domestic demand and stimulate economic growth.
The public's reaction is also important. Although Biden is selling his economic policy as a success, surveys show that Americans are skeptical. The acceptance of his measures and the general mood towards the economy could have a significant impact on investment behavior and economic development in the USA.
Read the source article at www.rnd.de