LARRY KUDLOW: Biden's economic vision is an unlimited welfare state

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LARRY KUDLOW: Biden's economic vision is an unlimited welfare state
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OPINION: Biden's economic vision is an unlimited welfare state: larry_kudlow

Mississippi Republican Sen. Roger Wicker voices his concerns over the Chinese spy craft on 'Kudlow.'

He would ban resort fees, cap concert tickets, tell where people should sit on airplanes and dictate airline baggage costs, give the teacher's union another pay hike, restore the full child tax credit with no work requirements and basically scratch every radical left-wing itch in the Democratic Party, but my work was too modest.

Then again, Biden loves electric vehicles, but he hates the mining necessary to produce mineral resources like copper, nickel and lithium. In a gift to China, his Interior Department just banned mining up in the Iron Range in Minnesota next to Lake Superior. It's called a "billionaire’s tax," but it would hit anybody's net wealth exceeding $100 million with a 20% marginal tax rate on all manner of income, including stuff that's not income, that is unrealized capital gains. Even if there's no sale, no transaction, a 20% tax kicks in.

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