Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (160955)	8/6/2020 6:20:57 AM
From: carranza2	Respond to of 217792

Biden has promised to increase taxation and transfer payments to the great unwashed. One aspect of what he has promised to do is to increase taxation of inherited assets. This is significant because we are undergoing one of the largest wealth transfers ever, from greatest generation to baby boomers. Instead of using value of asset at death for calculating basis for capital gains taxes, Biden would use value of asset at time of acquisition by dead parent for typical 25% tax. Makes an enormous difference as many elderly parents have shares and assets that were acquired long ago and have appreciated significantly. And capital gains taxes to go up as well as personal and corporate income taxes. College loans would be forgiven. Many other taxes would go up to ‘fund’ increased transfer payments to USA wastrels. In short. Biden would be a tax ‘n spend president. A disaster. Trump just spends. Taxes would remain same, probably. Biden’s policies are sure to create stagflation. He'd be a disaster for the economy. Trump, on other hand, should be inflationary. Continued bubble in all asset classes if not burst before election. Both horrible for USD, budget deficits, etc. Neither will reduce budget deficits. Both guaranteed to make them higher. Both therefore good for gold. Biden’s mental decline should be apparent to all soon enough. Even if ignored by voters, and he wins, decline would be severe during his first term, meaning he could not possibly run for re-election. Who will win 2020? Who knows. Lots and lots of spinning and dishonesty. Polls are biased. I think Trump has slight edge because of Biden’s apparent mental decline. And protestors, liberals like AOC, BLM, etc., including allied MSM, are creating silent, deadly hate for Democrats, who are seen as joined at the hip with antifa, police defunders, and other lunatics. These silent haters know Trump is not attractive, but see alternative as worse. On the other hand, TDS among the afflicted is super-strong and being stoked continuously by media. Worse social unrest guaranteed if Trump wins. USA is screwed. Caught between two spend thrift parties, one of which is becoming socialist with abject ignorance of fact that socialism has never worked and that it is dangerous. All this means USD as reserve currency is toast. Typical voter doesn’t have any idea what reserve currency is, what it means, and the enormous privilege it conveys. We should be doing everything we can to bolster true economy, rein in big federal government, reject socialism, etc. in order to protect USD, but are on exact opposite and unalterable course. We’ll miss it when gone. We are screwed because USD is becoming new assignat. I don't see anything on horizon that would cause a problem for gold, regardless of who is elected.