David McIntosh: Biden’s $3.5T disaster for the economy and Democrats | Fox News

As recently noted in the Wall Street Journal, the bill would enshrine “a trillion-dollar entitlement for the middle class, untied to work.” This would be one large step closer to a European-style nanny state and the attendant economic malaise that comes from discouraging work, and penalizing saving, investment and entrepreneurship. 

A look at the numbers is instructive. 

The U.S. economy could easily/see/a loss of $3 trillion in economic output over 10 years along with a drop of $1.6 trillion in worker compensation over the next decade (roughly $10,000, on average, in worker compensation), and a lifetime drop in living standards of 4% for young workers. In addition, the United States will have the highest corporate tax rate and highest capital gains tax rate in the developed world. 

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And to make things worse, Polish is said to be an exceptionally difficult language to learn.