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De Omnibus Dubitandum - Lux Veritas

Tuesday, April 27, 2021

Bad Earth Day: No More Beef, Much Higher Taxes

By LAWRENCE KUDLOW, Special to the Sun | April 26, 2021

Stocks in the past few days have moved higher across the board. Mr. Market has apparently decided that President Biden’s sweeping tax hikes won’t be passed. We’ll just have to see.  Remember, Democrats will have two bites out of the 51 reconciliation process that these tax hikes will have to be put through. So caveat emptor. Be warned. I’m still suffering economic shock from Bad Earth Day. It was bad because Mr. Biden announced a 50% cut in carbon emissions in only a few years. That is going to throw a wet blanket over this booming economy.  Of course it will wreck the fossil fuel sector, which still accounts for 70% of our power.

Speaking of stupid, there’s a study coming out of the University of Michigan that says that to meet the Biden Green New Deal target, America has to stop eating meat, poultry, fish, seafood, eggs, dairy, and animal-based fats.  OK? No burgers on the the Fourth. No steaks on the barby. I’m sure Middle America is going to love that. Can you grill Brussel sprouts? Get read. You can throw back a plant-based beer with your grilled Brussel sprouts and wave your red, white, and green American flag...........To Read More....

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