I'm surprised there's a knee jerk reaction to this. Its been known for months 39.6% for long term capital gains over $1M was all but a guarantee to at least be proposed. [Reply]
Originally Posted by MTG#10:
Went from up 6% on the day overall to down 2% in the matter of minutes. But Presidents don't have an effect on the stock market.
Not my fault you own a bunch of shitty meme stocks with pussy assed retail investors.
Really scary when politicians get involved in the markets like this. Why long term capital gains though? Wouldn't you want people to invest long term and hold in good investments? These people are absolutely incompetent. I hope people don't get crushed. [Reply]
Originally Posted by Ninerfan11:
Really scary when politicians get involved in the markets like this. Why long term capital gains though? Wouldn't you want people to invest long term and hold in good investments? These people are absolutely incompetent. I hope people don't get crushed.
Not that I agree with the increase but it’s if you’re earning $1M or more in financial assets. This doesn’t effect very many people and definitely not the middle class and probably no one on CP.
People drawing out $1M or more in a year won’t be getting “crushed.” [Reply]
Originally Posted by lewdog:
Not that I agree with the increase but it’s if you’re earning $1M or more in financial assets. This doesn’t effect very many people and definitely not the middle class and probably no one on CP.
People drawing out $1M or more in a year won’t be getting “crushed.”
I'm talking about the people who will be left holding the bags. Smart people and business owners are already leaving the US. [Reply]
Originally Posted by Ninerfan11:
I'm talking about the people who will be left holding the bags. Smart people and business owners are already leaving the US.
Originally Posted by eDave:
Weird post to neg rep me over, Niner. I'm not wrong. Yes, I do know economics.
This should have already been baked in.
This type of stuff is not "baked in" because it sounds ludicrous during campaigns and no one actually thinks they are going to go through with presenting it (same with DC statehood, electoral college, etc)...so when it actually DOES get presented it scares the crap out of everyone. These dirty lunatics have courage, I'll give them that, but they also have the entire media supporting them. [Reply]
Originally Posted by Rain Man:
Who's leaving? Links?
I know plenty of crypto people and silicon valley people who are leaving. Leaving the US is HUGE in crypto right now...this will only spread. LOL @ "links"...the really influential people won't have "links", they'll just bounce to Cayman. [Reply]
