IS JOE OK? Biden Wants Those Who ‘Clip Coupons In The Stock Market’ To Pay Their Fair Share

Written by K. Walker on October 16, 2019

Joe Biden made a very bizarre statement about the capital gains tax at the Democratic Debate last night. Here’s the 411…

When Joe was queried about the plans by Warren and Sanders to eat the rich tax the wealthiest Americans at a higher rate, he responded in a way that viewers just couldn’t follow.

Biden responded, “Demonizing wealth… I talked about how you get things done. The way to get things done is take a look at the tax code right now. The idea, we have to start rewarding work, not just wealth. I would eliminate the capital gains tax — I would raise the capital gains tax to the highest rate of 39.5%. I would double it, because, guess what? Why in God’s name should someone who is clipping coupons in the stock market make, in fact, pay a lower tax rate than someone who in fact is, like I said, who is a school teacher and a firefighter?”

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If you can’t make much sense of that, you’re not alone.

Watch the strange, strange moment:

Was he talking about coupons from the supermarket or coupons in the stock market? It’s unclear if even he knows what he’s talking about.

Is he also implying that teachers and firefighters don’t invest in the stock market?

It was a hot mess of a statement.

Is there something wrong with Joe? Some think that there are warning signs.

Coupon-clipping is a commonly used phrase refering to earning dividends on bonds, but… not everyone knows that.

Some attempted to clarify what Joe meant.

His reference was clearly out of date.

Maybe he was just remembering the “good ol’ days” when he was threatening Corn Pop at a public swimming pool with a rusty chain.

There were some people who were very excited about the prospect of stock market coupons… or just mocked it.

The more he talks, the older he looks. No amount of plastic surgery can fix that.

It might be time to retire, Joe. Strike three and you’re out.

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ClashDaily's Associate Editor since August 2016. Self-described political junkie, anti-Third Wave Feminist, and a nightmare to the 'intersectional' crowd. Mrs. Walker has taken a stand against 'white privilege' education in public schools. She's also an amateur Playwright, occasional Drama teacher, and staunch defender of the Oxford comma. Follow her humble musings on Twitter: @TheMrsKnowItAll

 

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