Biden’s projected federal tax hike may propel him into universal popularity into a second term like Clinton’s 1993 hike did through progressive government spending. A major philosophy of Republican federalism defers authority to regional state and
municipal authorities while minimalizing central authority and autonomy. A prospect to a federal tax hike is population migration to Republican low state tax rates like Texas and Florida. While this is in keeping with free market ideology and
corrective economies a Keynesian interpretation favors risk management game theory among the wealthy and, momentarily disregarding economic inflation, would increase the value of long term investments by managing risk among demographics of property.
https://www.forbes.com/sites/sarahhansen/2021/03/23/new-biden-tax-hike-details-are-out-heres-what-we-know-now/
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