Democrats Mull $100 Monthly 'Biden Bucks' Gas Stimulus Checks to Buy Your Vote
The Democrats have hit upon a simple way to end inflation. Why not give every American a $100 check every month to offset the inflation that their policies
pjmedia.com
The Democrats have hit upon a simple way to end inflation. Why not give every American a $100 check every month to offset the inflation that their policies caused in the first place?
Better yet, Congress could give kids another $100 a month so that a family of three or four would be eligible for up to $300 a month in “Biden Bucks.”
Of course, what all that deficit spending will do to the inflation rate can only be guessed at. But when you have the power to print cash, it doesn’t matter, does it? If inflation gets too bad, you can always print up more “Biden Bucks.”
Eventually, they’d have to denude the Enchanted Forest of trees to print all that cash, but there are plenty more where those came from.
CBSNews:
Called the Gas Rebate Act, the bill is being proposed by Democratic Reps. Mike Thompson of California, John Larson of Connecticut, and Lauren Underwood of Illinois. No word on how the Biden Bucks would be paid for, but if history is any guide — and when it comes to federal spending, it usually is — Congress will sorta, kinda, mostly forget that little detail when it comes to passing the bill.
In 1980, Congress tried another “Windfall Profits Tax.” It defined “windfall profit” as the “excess of the removal price of a barrel of crude oil (amount for which barrel is sold) over the sum of the base price adjusted for inflation and the amount of the severance tax adjustment. Specifies that the windfall profit on any barrel of crude oil may not exceed 90 percent of the net income attributable to such barrel.”
The complexity of the oil industry — a complexity that no Democratic politician understands — can’t be reduced to gibbering bureaucratic blather in order to find a unique way of taxing profits.
If anyone thinks a “Big Oil Windfall Profits Tax” would bring in $45 billion, I have a fine, beautiful, bridge over the Chicago River I’d like to sell you.
It won’t be necessary, after all. Biden Bucks will be spent on something else in the government that will be equally wasteful, equally stupid, and equally expensive.
