Is this bullish?

Is this bullish?

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Can't we just go back to printing money?

This is America's version of China banning bitcoin.

Yes because I have less than 1m

If I had more than 100m it would be bearish

Yeah for actual productivity. Consolidating stagnant/unproductive capital is bad for an economy.

>households
Kek
The oligarchies and politicians run everything through businesses. Me too. It’s legal and if you aren’t, you’re retarded or poor.

Uh oh, looks like we can't meet our debt obligations.

>Only tax millionaires
>Keep inflation going really hot, making everyone a millionaire
>Finally we get REAL socialism.

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Don't get excited folks. This is just to whip up poorer idiots and make them think "Muh gubernment is gonna make the rich pay and I'll feel better."
The ultra rich will find ways around this tax. They always do. That's why they're ultra rich. You would be better off asking yourself what steps they took to get so wealthy and then learning how to emulate those steps. Stop being poorfags. Learn how to make money. This is a BUSINESS site about BUSINESS and INVESTING. The conversations should be about making money, not finding a way to bring the rich down to the poor level so that everyone is miserable. That's called Socialism.

>copy/pastes passage from ‘mein kampf’

found the literal racist transphobe.

touch grass, bigot.

>The ultra rich will find ways around this tax. They always do. That's why they're ultra rich.
this is why ive given up and resigned to my life of serfdom

Bad for asset prices because the rich (who hold all the assets) will be forced to sell off assets every year to pay taxes on their unrealized gains

Socialists trying to ruin America yet again

>Buy assets
>Fed inflates assets more
>Sell assets
>Lobby to Fed to inflate assets more
Repeat

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90% of assets own by the top 10% lmao

There should be a tax on wealth holdings over 100 million. For a healthy society, wealth, and more importantly, access to wealth creation, MUST be decentralized, and when a small number of household own that much money it is literally a threat to national security due to the centralization of economic power. Crypto is taking off almost entirely due to the desperate need for decentralized finance, government policies should recognize this and act accordingly

America has already been ruined by corporate and republican decisions since the 70s. Labor is fit only for exploitation, suppression, or outsourcing. That leads to an unstable shit hole country.

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>You would be better off asking yourself what steps they took to get so wealthy and then learning how to emulate those steps
How exactly do you expect us to blackmail politicians and government agencies to look the other way for us?

>this is why ive given up and resigned to my life of serfdom
1. how much for your serfdom?
2. how soft is your skin?
3. are you willing to take estrogen pills?

wow I would be DEVASTATED if the rich put sell pressure on stocks and real estate, truly

It has a deflation effect. Not necessarily bad.

>You would be better off asking yourself what steps they took to get so wealthy and then learning how to emulate those steps
You mean like monopolizing the oil industry and perpetually price gouging while paying off regulators to allow your business to continue? Or like manipulating the whole silver market by spoofing only to pay a tiny operational fee when you get caught? I guess treason against the whole idea of a free market is the real way to get rich!

I thought it was a billionaires tax not millionaire. Do nothing democrats moving the goal posts once again

you forgot the best part op, taxing unrealized gains :)

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kys

none of this will make it through congress.
this is a play for november mid terms and his re-election in 2024

>20% on unrealized gains
If your house went up 2x in price, you have to pay 10% of the entire cost of your house in taxes :^) Haha

god i love capital flight.

>unrealized capital gains of U.S. households worth more than $100 million
I don't see the problem here

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