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Originally Posted by lewdog
It will likely be effected, yes. But Biden's tax plan is hardly progressive and for most Americans the effect will be minimal.
The biggest issue we will see if deflationary pressure. It's coming regardless of who won the election as it's been happening for years. The Feds continuing to prop up the market, along with injecting money into the economy. This societal buildup of extending credit and accumulation of debt will lead to many problems in the next few years and some form of economic downturn.
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I do not see deflation coming.If the economy severely contracts we will have "stagflation".