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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 385.99+1.6%Nov 12 4:00 PM EST
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To: maceng2 who wrote (172715)6/2/2021 4:19:57 AM
From: TobagoJack1 Recommendation

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maceng2

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Just finished drinks w/ visitor from San Francisco, and he works as CFO of a daisy-chain of startups bird-dogging the flow of money. He tells me that should Team Biden get the tax plan implemented his effective tax rate would be ~60% of income and some awful number on capital gains. He is holding dialogues w/ bankers to see how to not-sell / leverage-up so as to keep invested and not owe capital gains.

I reckon should the protocol described go pervasive (due in part that it is too late to sell and recognize gains because Biden tax proposal is retroactive to April?), it might have implications for future financial stability, and if the Fed is going to underwrite financial stability, then implications for future monetary stability.

He also described the reports he had to file with the authorities as folks who were not even employees of any of the companies he is CFO of filed fraudulent claims during CoVid lockdown, and he mentioned government loans made to startup companies that benefit the shareholders and their easy forgiveness.

All seems rather astounding to me in HK as we ‘only’ benefit from such largess indirectly, by speculation.

Seems to me that whatever do go wrong as a consequence of Biden tax plan would bite come 2024, and of course something must go wrong, because big plans made in a hurry cannot help but go wrong.
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