Thinking of turning BLUE, convince me how voting Biden in 2024 will help me financially

I vote with my wallet (most of the time) and want to know how I can save money by voting for Joe Biden in 2024

Please cite specific policy proposals of his and how they will save me money. I know they have EQUITY based policies so keep in mind i'm just your averaged, run of the mill , middle class white dude

I don't want to know why I should NOT vote for one side. I want to know why I SHOULD vote for another side

Also, I'm not very financially savvy. How will voting Biden in 2024 affect my 401k VS voting RED

Keep it friendly
Keep it STATISTICAL
Keep it REAL

 

You won't Have to worry about spending on frivolous things; you've barely have enough for necessities.

 

Biden offers you the opportunity to join the team, the IRS is hiring, and of course, all of those public union benefits and pensions.. oh,... who am I kidding.

Biden's continued management of the economy is predicted to cut almost half of the value of equities. Which means, your 401K might not be worth half of what it is, even today, when he's through...

 

For starters, no one is going to convince you of voting for whoever. You will do all that by yourself.

Second, no president is going to give you a better chance at improving yourself unless you are extremely rich, like a multimillionaire/billionaire rich. If you are a multimillionaire or billionaire, you have the money, the moxie, and the motive to use all legal means, aka lobbying, to get your way and improve your financial situation no matter who is President. But for most common folks who take the scraps with glee from the multimillionaires and billionaires, we are not that lucky, even if we belong to a private or government labor union.

So in retrospect, you are screwed either way.

Now, for your own financial situation, there is a plethora of books and philosophies on how to improve your financial situation. By not knowing any specifics, such as how much debt you have, your annual income, your assets and liabilities, your DTI ratio, etc, it is hard to show you how to improve your financial situation. But I will recommend not providing those types of details on this forum. Find someone who you can trust to not spill your financial situation and go from there. Or find one of those apps to help you financially, but most of those have a subscription fee. So be careful with those.

 

The value of equities is based on how the stock market does and it has been up and down in 2022 and was up in 2021. Biden does not control the stock market, the computers do.

Second, government jobs are good, but their pay, depending on the agency and job description, is not on par mostly with private sectors. And yes, the IRS is hiring from Revenue Agents to IT personnel to Customer Service Representatives, and all the other job descriptions. Some other agencies are also hiring in mass like CBP and DHS for instance. But not knowing what his educational and work experience is, it is hard to say which job, private or public, is best for Darthcevantes.

 

Thanks for the reply. I think you entirely missed the point.

 

Yeah I got your point, blame Biden for everything going on.

 

Actually, not. The point was his policy is creating an impending disaster. Do you deny that?

 

It's YOUR job to help YOU financially. No one should ever rely on a president to help them financially.

 

I DO think presidents affect markets to at least a certain degree. Even with basic things like taxes. I know democrats like higher taxes so what is the benefit there? What else will be cheaper as a result of that? I am looking for specifics here. Like will gas be cheaper to compensate for those higher taxes? I'm looking for real information.
Some democrat policies confuse me. Like for example, importing more oil than we export? How does that make financial or environmental sense? The demand will be the same and the same amount will be produced which means same amount of pollution, but it makes it more expensive for US. I'm sure there is logic behind some of these democrat policies and they must have won for a reason.
So again, from a POLICY standpoint (this is a POLITICal forum), why should I vote for biden? I've voted democrat before and i'm not against doing it again, but I would like some convincing. Show me the light
This is your chance to convert someone

 

Like I said, blaming Biden. No President controls our economy, the stock market, or the number of jobs. That is beyond his purview and power. And yes, all presidents take the credit when the economy does great, and run away when the economy does poorly. But that is politics, not economic reality.

We are starting to have higher gas prices today because OPEC has decided publicly to cut production of 2 million barrels per day. Price of the crude oil in the futures market will go up to about $95 to $106 per barrel in the near future and that will increase the price of gas per gallon even further. Meanwhile, our own oil-producing companies will not increase demand to match OPEC cuts because they want higher gas prices, which translates into more profits for them, and more expenditures to enerrgy efficient technologies that the companies continue to invest in. Ain't capitalism grand though with all these changes going on with constant price increases that are not controlled by a central government or even the FED.

 

Well that was pretty unfair! I bet you get your quota of lies and propaganda with this lure I'll get the deep frier going!

 

Income taxes and the amount of taxes you pay is based on a number of factors, the least of which is the marginal tax you pay. If you ever take a look at an income tax return, you have income, adjustments to income, the standard or itemized deduction, the initial tax you pay, nonrefundable credits, additional taxes, the total tax you are required to pay, and payments ranging from federal withholding to estimate tax payments to refundable credits. All of that is based on what you decide to do, what income you receive, what deductions you are allowed to claim, etc. It has really nothing to do with Presidential policies to any degree.

That being said, all of the individual tax changes from the 2017 JCTA will expire in 2024. So what then?

 

So we are to believe like a Democrat and just lay down and give up..

NO THANKS!

 

Just in case you miss the theme of this thread!

 

I am not making an argument about political parties. I am making the argument that 98% of the populace does not have the moxie, money, or motive to change things to help them at all, PERIOD, for purely economic reasons.

 

The President obviously is the most powerful person in our government. Are you trying to say that our government does NOT have a significant impact on the economy, the stock market, or jobs?

 

LOL, I got the point a long time ago. Second, I have argued that policy does not matter no matter who is president for someone to vote the way they do or to help or hurt their economic decision. That is based on your choices.

For instance, you can vote for Trump all you want, but if you constantly get into the "get rich quick" schemes out there and lose all the time, does that help you financially? Is it Trump's fault for that or yours?

I am arguing personal responsibility for your own economic and financial issues. It will not be given to you on a "silver platter" or a magical box of some kind for you to find like in a Zelda video game.

Get it now? .

 

This post doesn't address the perimeters of the op topic..

 

But he does not control the stock market at all, does he?

 

Actually, it does, lock, stock, and barrel, pun intended BTW

 

Not about Trump! The question was clear as a bell..

 

The government ( and by extension the President), profoundly impacts the economy and jobs. The economy and jobs profoundly impact the stock market. This does not mean that the government controls every variable, far from it. But beyond any doubt, it has a profound impact.

I find your claim to the contrary difficult to comprehend.

 

Simple. Once we're all broke because of Democrat policies we'll all qualify for financial aid and won't have to work. It's like a permanent vacation!

 

I wasn't even arguing about Trump, the point was "but if you constantly get into the "get rich quick" schemes out there and lose all the time, does that help you financially?"