Like Biden, Sen. Kamala Harris is a vocal supporter of a government-guided economy.
In her time on the campaign trail, she offered up all the freebies you’d expect from a politician eager to buy some votes: free income… free college… free child care… free healthcare…
Biden and Harris 2020 – what are they promising?
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In a debate last year, Harris called out Trump for focusing on stock gains as a measure of prosperity.
“Well, that’s fine if you own stocks,” she said. “So many families in America do not.”
To us, that says more about our nation’s embarrassingly low levels of financial literacy than anything about social disparity.
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The idea may have held some water in the pre-internet days, before online brokerages and commission-free trading made it easier and cheaper than ever to invest.
But thanks to those advances, anyone – of any means – can own stakes in the market’s hottest companies.
And the advent of fractional shares trading is making it even more accessible.
If you’re unfamiliar with the concept, here’s how Andy summed it up in June:
Don’t have $2,500 for Amazon (AMZN)? No problem. Plunk down $25 and get a hundredth of a share.
You still get voting rights, any dividend payouts and the full upside of the stock.
In Democratic primary debate Kamala promised to immediately tax “the 1%” (although the Senate taxes, not the President) to give profits of $500 / month to workers via the government’s inefficient bureaucracies.
(She *could* support such a payment directly from business by tax incentives, thereby minimizing federal agency inefficiencies.)
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