What the heck is Joe Biden talking about?

During a Q&A on Saturday in Washington, Iowa, the former vice president insisted all of his new government programs he has a way to “pay for.”

In an attempt to provide an example, he claimed people can make $50 million a year by “clipping coupons.”

“Everything I’m talking about, I pay for, doesn’t increase the deficit,” Biden claimed to the small crowd.

“For example, if we were to make sure that people who are— clip coupons for a living— we should reward work, not just wealth. If you’re clipping a coupon and that’s the basis for how you’re making all your wealth and you’re making 10, 20, 30, 40, 50 million bucks a year, you should pay at the tax rate you’re listed at,” he said.

“Not at 21 percent. That would raise $800 billion,” Biden insisted. “Cutting— that is what it would do.”

During an October debate, it was the first time Biden seemed to confuse the stock market with a super market.

When asked about taxes, Biden said he would “eliminate” the capital gains tax, before correcting himself, saying he would increase it to 39.5 percent, doubling it.

“I would eliminate the capital gains tax,” he said, “that, I would, I would raise the capital gains tax to the highest rate of 39.5 percent, I would double it, because guess what? Why in God’s name should somebody who’s clipping coupons in the stock market make, in fact, pay a lower tax rate than someone who, in fact, is, like I said, a school teacher and a firefighter. It’s ridiculous, and they pay a lower tax.”

Biden continued, “Secondly, the idea that we in fact engage in this notion that there’s 1 point— there’s 1 trillion, 640 billion dollars in tax loopholes. You can’t justify, at minimum 600 billion dollars of that.

“We can eliminate it all,” Biden contended. “I could go into detail if I had the time. Secondly, I mean thirdly, what we need to do is we need to go out and make it clear to the American people that we are going to.”