The Economic Policies of the 2020 Election - Trump v. Biden: Biden's Big Plans For Change

The video discusses the contrast between Trump's 2017 tax cuts and Biden's proposed tax increases targeting high-income earners and corporations. Biden aims to address income inequality and fund government spending on social programs. However, the timing of these tax increases is questioned due to economic uncertainty from the coronavirus pandemic. The video also explores the potential impact on wealthy households and their increased mobility, as well as the political implications if Democrats gain control in upcoming elections.

What are the main groups targeted by the proposed tax increases mentioned in the text?

How does Biden plan to use the revenue generated from the tax increases?

What are the potential economic consequences of implementing tax increases during uncertain times?

What is the argument regarding capital flight in relation to high-income earners?

What political considerations might influence the timing of tax policy changes?