Biden Calls for 44.6% Capital Gains Tax Rate, Highest Capital Gains Tax Since Its Creation in 1922
(www.atr.org)
BANK & ECON COLLAPSE 💸
Comments (50)
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Nobody panic, I’m sure politicians are exempt. 🤡
Shit is it to late for us to run for office 😂
I hope before then. All the poors won’t have any shares by then as inflation eats them alive.
Though I think probably some 5D strategy happening to fix stock market and destroy central bank while simultaneously fixing the debt.
No cell, no sell.
Yeah idk, I’m rooting for MOASS this year and only idiots pay the capital gains.
WHY SHOULD I GIVE THE MONEY I MADE RISKING MINE, to government?! Who works against me and actively hates me
Edit, I’ll die in a jail cell before I ever give another tax or pointless fee voluntarily. Not when the entire system is a fraud
FJB
I propose a 99% illicit Ukrainian gains tax on all politicians
And 110% (tax) for The Big Guy
That should wake up a lot of wealthy Dem voters.
If I didn’t know better, I’d think Biden was controlled by White Hats, and being made to propose things that anger the Dem voter base.
These are the things politicians do AFTER they get voted in. Proposing record setting tax increases while you’re running for office is something no politician would ever do… unless they were intentionally trying to turn voters away.
I agree, this is wild..44%! Wow.
This news is good for the Trump campaign.
Which dem voters the ones that voted multiple times in one election
It's another supporting argument for devolution. A strong one.
That would completely stop any investment.
Imagine to compete with other countries where the rate is 20% or less. Where would you invest?
It’s easy to transfer the funds abroad and invest somewhere else.
Once you invest:
you risk to lose all money invested,
if the tax is too high - there is not much profit to compensate that risk.
High risk + low earnings = no investment.
This decision will be killing new jobs.
That's an empty move considering I've seen little to no capital gains since he's been in. Lmao
I wonder what the capital gains tax on -$200k is? Asking for a friend.
Looks like the government owes you $88k.
I call for a 98% tax rate on all those in Congress making over 100k a year.
And staff.
Investment will grind to a halt.
Klaus Schwabs hand rubbing intensifies
If you can't beat them, arrange to have them beaten.
Nice. When the stock market crashes... and everyone rushes to bail out of stocks... they face at least a 44.6% Capital Gains tax.
While Biden is at it... due to the Covid Vax deaths.... why not pass a 70% inheritance tax too?
If the market crashes there won’t be profits to tax. This is to trigger the sell off that causes the crash. Basically popping all the investment bubbles at once.
We will probably see a blow off top right before it happens so wall street can dump at all time highs
At some point we are just going to have to ignore them. Or throw all their taxable shit into the harbor..or something like that.
Raise goats. Eat goats. Now you don't need money anymore.
A lot of people are "going Galt" and it became fashionable in 2008.
You ever wonder why airplanes are losing their doors? Because there are no longer enough competent workers to keep everything working anymore. Tell whitey that he's not wanted, and he goes and builds a homestead and eats homemade bacon.
Wait until you hear about the cheap coders they used for the plane software. Shit is a hot mess behind the curtains at boeing
The engineering industry goes in cycles:
Because of all the people about to get filthy rich from buying stock in DJT, no doubt
In 2025? Trump will take over and hopefully end federal income tax and replace taxing with tariffs.
Something with such massive impact would see years at a minimum in legal warfare alone
"This is not another 4 year election, we are returning power back to you, the american people"
Which does not change what I said. It doesn't matter if it's "not another 4 year election", because legal warfare still takes years.
There is no world where by 2025 that federal taxation is outright replaced by a system using tariffs. Feel free to save this post and come back and boast that you were correct, but that is simply not how it's going to work.
That is hopeful fantasy, but not grounded in realism. That is far too short of a timeline.
The entire world is about to change when the cabal is destroyed. Get ready for the golden age. Feel free to save this post and boast that you were incorrect.
Btw I didn't downvote you.
Nah dude it's okay haha.
I don't even want to boast that I'm "correct", because it means we wouldn't have seen such insane progress in such a short time. I'd much rather you were right on this.
But I'm just not sure which mechanism you believe will unilaterally do this without legal challenge, especially in a permanent way that won't just be overwritten the moment that they get a President in.
We would have to have all three branches of government, including both the House and Senate as well as at least a strong majority of SCOTUS.
That's a lot of people that need to agree on something, and that alone takes time.
Shits about to moon!
Like the great woman Margaret Thatcher said in the 80s "Socialism is fine until you run out of other people's money".
So this is needed because they have to raise more cash to launder through Ukraine (to save Democracy).
If that capital gains tax happens we are going to see a huge sell off of assets. Figure any sizeable asset that the owner had plans to sell in the next year or two is immediately on the market.
If you had a $500k gain on your house you bought 30 years ago it would be worth selling now to save $100k in taxes. Otherwise your cost to carry will be $8k per month.
Lots of vacation properties that are barely making enough to hold will be reevaluated with less profit from gains available.
Any retired person with stocks transitioning into bonds will accelerate that money movement to protect their nest egg.
Anybody sitting on cheap crypto might sell all or part as well.
Basically nobody wants to give the government half their investment income.
This is exactly what they want us to do. It will basically get us to their goal of "Own Nothing and Be Happy."
Castrudeau has done it too. As if.... Wait.. Could it be coordinated? Lol
FJB can call for all he likes, but he does not set taxes.
Probably trying to trigger panic selling.
Don't worry the super rich don't pay this, they just borrow money and never pay taxes.
grifters
It is just a show for their base. It affects all politicians and their donors.
Oh, yeah, I'm sure that would boost the economy and flatline inflation! What could possibly go wrong?
Moronic. The answer to this is don't sell. Stocks, small business sales dry up as nobody who owns anything will sell anything.
As long as that tax is targeting the fat-cat "republicans" and their financial donors who have been funding these traitorous, worse-than-useless "republicans" in office, then I am all for it! Hell, make it an 84% tax if I can see guarantees that such a tax will hit SOH Mike Johnson, Mittens Romney, McCarthy, and the other (R) party jackasses...etc... Let's see how well that UniParty alliance holds up after the democrats get real power.
Let's show RAND Corporation, Karl Rove, the Koch Brothers, the Bush dynasty, and all of those other weakling "republican" party financial backers what funding piece-of-shit candidates earns them, by voting for a democrat candidate most likely to beat their (R) candidate during an election.
Call it the: "Pass Dat Fat-Cat Tax Initiative."
Give them the stupid prize they have earned by playing stupid games. "ReAL SoCiALiSm". Bruh!
If you got a RINO state rep./senator, encourage them to pass the tax. Allow Biden and the lawless dems to take all of their money.
Well past the time of throwing tea into the harbor!