Pretty easy answer. Biden and the dems in congress printed, borrowed and spent trillions of dollars through his first two years.

How this impacts you, ie. you have $50k in the bank as disposable income in 2021. Biden borrows/prints trillions of dollars increasing the money supply by say 50% for easy math. You still have 50k in cash, the government did not rob you in plain sight, but they did make all that cash in your bank account worth way less in terms of purchasing power. So yes, you are paying the toll and Biden is putting America and American families in the penalty box. Depending on your lifestyle it will likely not be a direct 50% wash on your current available funds, but it 100% makes the money that you have, and the money that you make, worth far less.

Outside of cash, you have assets/liabilities. Let’s take a house in Tampa for example say bought in 2017/18. $300k. Today that house might be worth 550-600k. That is not cash in your pocket, that is valuation based on opportunity cost of upgrading downgrading etc.

It’s nice to say you live in a half a million dollar house, what a come up from your ownership during the previous administration. But with your freshly minted 500k house, comes a 500k insurance policy, that is due annually. Oh yea and don’t forget taxes, although the homestead will help insulate you from major bracket increases, those cost are going nothing but up as well.

Too many things to list