Biden Will Hike The Top Capital Gains Tax Rate To 39.6%: What That Means For Markets

[Turveyd]

Democratic socialists like Bolshevik Bernie Sanders and Karla Marx (AOC) can no longer point to Venezuela as a socialist model that works because it failed so miserably, so they now hold up Sweden, Denmark, and Norway as their preferred examples of democratic socialism that supposedly works. But there’s a big problem with using those Nordic countries as examples of the socialist utopias that America should emulate. Especially for Sweden as Johan Norberg points out in a Cato Institute Policy Report “Sweden’s Lessons for America“: Sweden is NOT socialist:

If Sanders and Ocasio‐Cortez really want to turn America into Sweden, what would that look like? For the United States, it would mean, for example:

1. More free trade

2. A more deregulated product market

3. No Fannie Mae and Freddie Mac

4. The abolition of occupational licensing and minimum wage laws

5. The abolition of taxes on property, gifts, and inheritance

6. Even after the recent tax cut, America would still have to slightly reduce its corporate tax

7. America would need to reform Social Security from defined benefits to defined contributions and introduce private accounts

8. The US would also need to adopt a comprehensive school voucher system where private schools get the same per‐pupil funding as public ones.

If this is socialism, call me comrade.

That sounds fine, but that's socialist democracy same as UK is supposed to be, so best bits of both, what I'm expecting is full on socialist more like China.

 

[Windlesham1]

Biden = Socialist in no time!

He'll be getting in rigged if needed, all part of the covid scam, why go through all this then fail by not rigging the election again ??

So everyone will be equally as poor working or not, but perks for being a good worker.

So huge taxation, to pay the none working a living wage.

MAGA Moron -you have absolutley no idea of that which you write.

 

[Windlesham1]

Biden = Socialist in no time!

He'll be getting in rigged if needed, all part of the covid scam, why go through all this then fail by not rigging the election again ??

So everyone will be equally as poor working or not, but perks for being a good worker.

So huge taxation, to pay the none working a living wage.

You must be the brighest of the MAGA crowd. You have no idea,literally no idea. Joe is about as communist as the Rothchilds
For the avoidance of doubt,the bloated orange moron has screwed you people massively. Your debt is a catastrophe and Trump has alienated just about everybody in the US and abroad. Not even MAGAs are so stupid as to wish a second term of utter mayhem including record bankruptcies,record unemployment, the worst Covid figures in the world. Trump makes Mugabe look like a saint. The US has no future with Trump- get over yourselves. And his tax breaks? Gifted half a trillion to his owners and fucked the rest of you as you will be paying for decades to come. Germany in the 1930s had precisely the same vision- a powerful elite got a useful idiot in power only to find out they had no control. The US has great wealth, and potential don't blow it with hubris.

 

[Windlesham1]

Entire world is going socialist he'll 'win', if America the land of the free falls then the rest of the world will follow.

Trump is fighting it, but most people have been turned stupid PC and aren't capable of thinking for themselves or be reasoned with.

Sas times

Truvey I thought you were ok but clealry the Trump team has got to you. The US is at zero risk of socialism-you people hate each other - if you had any fellow feeling you'd have free healthcare. It's why so mnay American women used to come to the UK to have a baby. That and the fact that 200-450,000 people die in the US due to medical accidents. That is also a 3rd world trait. Still Trump will have killed about half a million by his pig ingorance and dumbfuckery

 

[Turveyd]

Truvey I thought you were ok but clealry the Trump team has got to you. The US is at zero risk of socialism-you people hate each other - if you had any fellow feeling you'd have free healthcare. It's why so mnay American women used to come to the UK to have a baby. That and the fact that 200-450,000 people die in the US due to medical accidents. That is also a 3rd world trait. Still Trump will have killed about half a million by his pig ingorance and dumbfuckery

I'm a brit not a yank, so no idea on a lot of that, there trying to go socialist here.

Bankrupt the country then go socialist afer all the civil unrest and rioting, police state.

US Trump would block it, Biden far enough left to let it happen.

We shall see, why else all the over reaction to Covid.

The hospital deaths are more the American way of life, you don't want to pay for healthcare for all, via tax therefore poor people die needlessly, terrible system.

p.s. I'm a Leftie hater, but not a Rightie, I think there both moronic and inbetween makes sense. ( have zero contact with Righty's so less annoy me less )

 

[gkishot]

Biden’s tax plan could create a tax rate of as much 62% for New Yorkers and Californians, studies show:
https://www.cnbc.com/2020/10/19/tax-rates-could-top-60percent-und.html

 

[Turveyd]

Biden’s tax plan could create a tax rate of as much 62% for New Yorkers and Californians, studies show:
https://www.cnbc.com/2020/10/19/tax-rates-could-top-60percent-und.html

1 Country was that dog poor just, it's went Socialist just, the first and not the last.

 

[notagain]

but... Wall Street wants Joe, cause good dog Joe is in it for the money.

 

[Windlesham1]

1 Country was that dog poor just, it's went Socialist just, the first and not the last.

Firstly apologies for my rant- Idespise Trump with a passion and it seems the gutless White House pussies are terrified of his threats and menaces. I am no socialist but the radical right have hijacked the US, and spread lies about Biden and the Dems being socialist. It's simply not the case, but a fairer tax system might see the filthy rich actually contributing to the world. I believe Trump is 100% owned by a sinister cabal and he is their useful idiot, but it went off the rails about 2 weeks into the experiment

 

[Turveyd]

Firstly apologies for my rant- Idespise Trump with a passion and it seems the gutless White House pussies are terrified of his threats and menaces. I am no socialist but the radical right have hijacked the US, and spread lies about Biden and the Dems being socialist. It's simply not the case, but a fairer tax system might see the filthy rich actually contributing to the world. I believe Trump is 100% owned by a sinister cabal and he is their useful idiot, but it went off the rails about 2 weeks into the experiment

No worries!!

It's what I suspect and Green stuff aswell, the Covid is being abused and over reacted for, they got a lot better odds of getting what they want with Biden in than Trump, put it that way, I see UK failing soon it'll be that dog poor and unemployment will be so stupid, they'll be calling out for it, poor already want a living wage benefit.

I like Trumps stance on Covid, he's right, it's not that bad, not bad enough to warrent the damage being done and the UK 3x's the deaths from lockdown than the virus itself, madness.

Trumps owned by Putin isn't he, millions maybe billions in debt to him, is the theory.

Thankfully incompetent, so deviated from the script 2 weeks in LOL
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