Then he goes on and tell us that he wants to help the poor and middle class. . . but goes on to show that he has a fundamental misunderstanding of how economic works.
Sure, the rhetoric SOUNDS good, if you have an IQ under 100, and have the understanding of how economics works like AOC or Bernie Sanders.. . but really? That just isn't how the real world works.
We are already in a stagflation spiral.

Folks already can't afford prices, and Biden wants to interfere even MOAR in the economy?
"For folks at home does anybody really think the tax code is fair?
Do you really think the wealthy and big corporations need another $2 trillion in tax breaks?
I sure don't. I'm going to keep fighting like hell to make it fair!"
<snip>
"In 2020 55 of the biggest companies in America made $40 Billion in profits and paid zero in federal income taxes.
Not any more!
Thanks to the law I wrote and signed big companies now have to pay a minimum of 15%.
But that's still less than working people pay in federal taxes.
It's time to raise the corporate minimum tax to at least 21% so every big corporation finally begins to pay their fair share.
I also want to end the tax breaks for Big Pharma, Big Oil, private jets, and massive executive pay!
End it now! "
Earlier in the speech. . .
". . .A future where the days of trickle-down economics are over and the wealthy and biggest corporations no longer get all the breaks.
I grew up in a home where not a lot trickled down on my Dad's kitchen table.
That's why I'm determined to turn things around so the middle class does well the poor have a way up and the wealthy still does well.
We all do well.
And there's more to do to make sure you're feeling the benefits of all we're doing. . . "
Read the full text of President Biden's prepared remarks for his 2024 State of the Union address, as released by the White House.
www.cbsnews.com
How exactly do they think taxes and devaluing the currency work? That they can just destroy the value of the dollar and tax corporations, and these economic elites won't pass production costs on down to the consumer?
It is like these folks live in some alternative universe.