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Non-Tech : Kirk's Market Thoughts
COHR 189.91+2.6%Jan 13 3:59 PM EST
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To: berniel who wrote (11983)9/15/2021 2:52:06 PM
From: Kirk ©1 Recommendation

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berniel

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Democrats include a wide swath of society running from commies and Antifa who want ALL the money anyone who works hard earns it so they can spend it "their way" to Larry Summers who thinks Biden's spending plan is a terrible idea.

Ever since Mad Maxie figured out she can badger the Federal Reserve to print money so her party can buy votes and stay in power and get rich from "managing" this government spending.... check out what her hubby does.... or Senator Feinstein's husband.... and you see why most democracies are doomed, even if they are fashioned as a Republic like THE US which just delays the inevitable.

FWIW, BOTH parties have figured out they can buy votes and power by printing money to keep rates low from massive deficit spending... and I think the higher taxes on people who actually create value is just to appease the far left of the Democratic party. Closing loopholes like carried interest and step up in basis is fine and a good way to tax wealth that was created by others.... but most things like higher taxes on income for corporations or individuals just makes it easier to waste money on things you can write off...
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