Biden Goes Full-On Communist with National Rent Control

The mask is off.

Texans for Fiscal Responsibility:

“Bidenomics” is nothing new. It is simply repackaged big-government communism, inspired by Karl Marx—but with a new name and face.

Just consider some of the main policy “achievements” of the Biden administration. It is full of spending increases and socialist policies. Billions in direct payments to individuals and businesses, $65 billion for businesses to expand broadband, $52 billion in corporate welfare for computer chip companies, billions in expanding socialized medicine, $80 billion for the IRS, and more green-energy incentives at the expense of taxpayers.

Major federal legislation passed under the leadership of Joe Biden—including the American Rescue Plan Act, the Federal Infrastructure bill, the CHIPS Act, and the spuriously named “Inflation Reduction Act”—have resulted in more than $4.12 TRILLION in new federal spending.

What has all of this resulted in? Nearly $33 trillion in national debt, which is roughly $100,000 owed per person in the United States (up from $27 trillion in January 2021 when Biden took office). It has also resulted in record levels of inflation, near-zero rises in wages when accounting for inflation, and a climate that continues to grow more hostile to American families and small businesses.

And that is only the beginning.

All these communist-like policies, and more, have been tried before (think Soviet Union, Cuba, Venezuela). They have always failed, and they will fail here too. They are explicitly designed to ensure big government is constantly intervening and controlling every aspect of the economy, private business, and American families—all at taxpayers’ expense.

Biden Wants National Rent Control

By: Newsmax, 16 July 2024:

President Joe Biden called on Congress Tuesday to pass legislation that would compel corporate owners of rental housing units to cap annual rent increases at 5% or lose some tax benefits.

The White House also unveiled efforts to use public land for as many as 15,000 affordable housing units in Nevada and to boost neighborhoods in Las Vegas and elsewhere.

Biden, a Democrat, is traveling in Nevada, a political swing state that he hopes to win in the Nov. 5 election against Republican Donald Trump.

“Rent is too high and buying a home is out of reach for too many working families and young Americans, after decades of failure to build enough homes. I’m determined to turn that around,” Biden said in a statement.

Nicotine reading…..