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

To: TobagoJack who wrote (178851)	9/24/2021 8:08:30 PM
From: sense	1 Recommendation Recommended By Follies Read Replies (2) \| Respond to of 217542

Does this below initiative matter? "a proposal to tax billionaires for the appreciation in their investments on an annual basis, a change that would prohibit some of the richest Americans from deferring their tax bills" I think it obviously matters in a couple of ways... starting with it being brain dead stupid... both as policy, and as politics, for what it exposes in the lack of understanding of those making the proposal... But, of course, they don't really mean it... as the "language" in "some of" being the operative ? "They" are likely intending to use it to pick winners and losers in the economy... to punish political opponents and reward political cronies... because that is what "they" do. But, that would only apply to those who take it seriously. Others might recognize it as a ploy... to threaten the worst they can think of... in order to extort something else in compromises, concessions, exceptions and exemptions... as "rewards" in return for contributions... The odds of that becoming law ? Who knows. Republicans will not vote for it... probably not a single one... and any who do will likely be ending their careers... and, yes, it is quite likely the effort being made will have both known and intended consequences... and others... not well considered. Democrats chose as party policy to not talk about taxes until October... because the markets swooned early in the year when they started talking about this crap... So, swoon deferred... soon to swoon again. But, don't discount the ability of Republicans to screw up this political "gimme" ? Republicans abject lack of basic political competence... Mitch McConnell... is the only reason we're constantly being saddled with Democrats destructive lack of practical competence... resulting in governance by the most confident and certain, but least competent and knowledgeable ? The irony, of course... to thick to ignore... that they delayed TALKING about it... to keep the markets moving higher this year ? But they still somehow expect that actually implementing it will increase the tax take... rather than eliminate all the gains ? And, when the market does revalue... as it will, since it makes it impossible to act rationally in making investments ? The correction imposed will have to account not only for the attempt to implement "takings" in open ended value theft... but in recognition of the fact that we're led by morons, who understand nothing about how things work. The market may well do that just based on the threat ? And, then, of course... it won't just be "the few very wealthiest" who are no longer paying taxes on gains that don't exist ? So, the plan to steal from the wealthy... will do nothing but destroy the wealth that it intends to steal... but there is not any natural limit at ONLY that wealth ? And, of course, the wealthy with brains enough to "get it" have had since January to plan for this, and likely have already moved their money to safety ? The stupidity of attempting to adopt it... would force a massive shift in the economy... altering planning from that based in reason focused on delaying taxes on gains until they are recognized... to delaying or preventing any potential for CREATING that recognition of gains... by avoiding efforts enabling them... as that plan put forward is not "sharing gains fairly"... but "stealing the capital account" ? It will either put an end to our being ruled under the stupidity of the politicians who ARE that stupid... or it will mark a definitive end point end in the existence of the country... and we'll have to see what comes next... And, yes... the half life of any political party confused enough to adopt moronic policies like that... is liable to be mercifully short... only not nearly as short as it should be...