Harris loses the investor

She is now proposing to double the capital gains rate, tax unrealized capital gains and use the estate tax before death. She has just lost every investor who thinks she is serious…myself included. If this went through the markets would crater causing far more economic harm than these taxes would ever raise.

Classic Democratic dishonesty,  playing to the insane Democratic fringe.

Everything about her candidacy is a joke on bad taste...she's not qualified at all...would never have made it through a primary process...

Mzart 

That is not all - she now wants ro follow the example of  Mugabe and introduce price control over food prices,  Tha wll be a disaster and I now call her Mugabe Harris.  

Where did the Democrats this ignorant donkey as a candidate?   Unbelievable  garbage.  And that  simpleton she chosed as VP candidate is worse - a liar and open Chinese sympathiser.

I saw this coming from the word go - she was even worse than Madame Hitler of Michigan and Newsom of Caifornia

What is bad is that at least  the New York Times and CNN said she is talking BS.    And there are dbates coming up and she will get killed by Trump and Walz will lose badly n a debate with Vance.   

With Kennedy dropping out and supporting Trump and Haley about to start campaigning actively for Trump - how will the clowns Harris and  Walz win the election?   Or will the DP stage anoter coup and remove Harris and Walz as candidates?    

Mozart

What do you think about control of food prices by the Government?  If ever there was a catastrophic disasster for the people it would be that one.

That CIA instructor who spoke about people leaving the USA by 2030 if they want to liveand lose everything they own is likey to be right if  Mugabe Harris is elected in the coming election.   You are welcome to move to Riversdale in the Western Cape.    .     

Investors are a minority group, like the LGBT. It would be woke to put their interests over the majority. 

If it is in the Democratic majority's interest that shareholders pay the same rate of tax as everyone else, that is fine. 

Some investors like Warren Buffet, the Dragon's Den etc - are skilled investors that add more value than just buying shares. Many other investors just invest in a no-brainer like Google, Apple etc, which is a guaranteed payout. 

Increasing the inheritance tax is a good idea for assets over 5 million.
Who deserves to inherit millions without paying taxes? That helps prevent dynasties forming, oligarchs etc.

You must be kidding - nobody is going their US operatios alive - they will move theor ctivities to other countries with lower wage rates and low taxation for foreign owners.   It will destroy work opportunooes for millions of people.    It will destroy prvate farming as well and food production will take a dive.    

What is weird is  that  people with mpney will leave  the USA and take their assests with them.    It neve worls out for coumtries and the economy of the USA will inevitably collapse.

Nobody objects to death duties be paid - but to have it paid before death is really unheard of,     

Extreme socialism destroy economies.   What Mugabe Harris wants is the total control over everything and that includes all industrial, econmic, commercial and agricultural activities be ctrolled by the state - in other words a true fascist control system/   

Whe it becomes to food prices determined by the State  it will drive productive faming into death and the food will be come a luxury.   If anything is available it will be sold on the Black  Marke at ridiculous prices.   Kiss goodbye to freedom of people and mass starvaion already affecting ove 60 mllion people will  be ievitable.   

That is why I call the idiot Mugabe Harris - very appropriate - Mugabe used  the same policies and in the end 70% of te Zimbabweans starved.   The silly bitch does not realize what she is doing and advocating.            .   

"Dont be too quick to write off government intervention - given the rise of China. 

...losing some others too...poor interview.

SB

You really are totlly idiotic.   China is a dictatorship where bribery ad corruption leads inevitably to death penalties.  Is that what you are advocating  now.    The Democratic Party wants such a dictatorshiip in the USA and destruction of domecracy is their prime objective,

They do it by stealth and  will not openly implement their system,   Mugabe Harris is an idiot - she now claim hat her eblieves emaned he same.   Yet she now would implement policies of total cotrol of everything in the country.   Their election propaganda  consists of bte-spreading iro evryone who dar e to oppose their control of the country,              

Both Trump and Biden applied protectionism to promote American-made/manufactured products with government funding, as well as subsidies/ tax deductions. This is despite global agreements of a free market. 

China wants the world to be an open market where they can sell their products and services, while they are allowed to apply protectionism within their own market

If a government should intervene it should be to protect their local industries. For example, the EU wants to protect car manufacturing- so they have applied tariffs on Chinese cars. 

I do think the West needs to do more manufacturing again, and should apply protectionism against China - especially given that China does this within their own market. 

Hall Of Fame

52387 posts

SB

You really are totlly idiotic.   China is a dictatorship where bribery ad corruption leads inevitably to death penalties.  Is that what you are advocating  now.   

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@DumbMike, if someone gets the death sentence for committing bribery and corruption, I would not mind. I would probably just prefer they went to jail, but if it was extreme then the death penalty could be considered. (For example, the Evergrande owner caused allot of damage)

 

Trompie ................ lest we forget

Economists calculate richest 400 families in US paid an average tax rate of 23% while the bottom half of households paid a rate of 24.2%

hey were billed as a “middle-class miracle” but according to a new book Donald Trump’s $1.5tn tax cuts have helped billionaires pay a lower rate than the working class for the first time in history.

In 2018 the richest 400 families in the US paid an average effective tax rate of 23% while the bottom half of American households paid a rate of 24.2%, University of California at Berkeley economists Emmanuel Saez and Gabriel Zucman calculate in their new book, The Triumph of Injustice.

Taxes on the rich have been falling for decades. In 1960 the 400 richest families paid as much as 56% in taxes, by 1980 the rate had fallen to 40%. But Trump’s tax cuts – his most significant legislative victory – proved a tipping point.

Thanks to the controversial tax package the top 0.1% of US households were granted a 2.5% tax cut that pushed their rate below that of the lower 50% of US earners.

“This is a revolutionary change and the biggest winners will be the everyday American workers as jobs start pouring into our country, as companies start competing for American labor, and as wages start going up at levels that you haven’t seen in many years,” Trump said in September 2017 as he fought to pass the tax package.

But the tax cuts have not led to a significant uptick in economic growth, hiring has slowed and wage growth has remained lackluster. In the meantime the national deficit has swollen to $1tn.

The calculations of Saez and Zucman, who have previously worked with the French economist Thomas Piketty, take into account not just federal income taxes but also state, local and corporate taxes.

The pair argue that the dramatic fall in taxes for the ultra wealthy is the result of policies enacted by both Republican and Democratic administrations which have both cut top rates and taxes on capital gains while allowing corporations to shelter their profits overseas.

BB

This si real shit of for years ago.   Trump applied deductions triggered by ivestment in industry and job creation.   Much of he benefits went to the middle icom small and minor gowth i the middle and lower income developers.   Bidena applied the deductions irrespective of whether job vreation benefit requirements attached to it.    That benefit the ultra-rich and destroy the smaller developments already struggling as a result of Covid.

When Trump helped he people sufferinga s a result of Covid included  provided to State and Local Government money to fund assistance to medium nd small enterprises,    According to he Audior General report that in Democratic controlled states and Cities $5,4 bilion vanished into thin air and called for arrest of the looters - but very lttle about recovery of the money was achieved and he lottes wer nt charged in most states and cities yet,   

Bidn also did cotinue with he deductions for job creation without  applying tha requirement at all,  So Biden develop his won job creation program and that entialed the followig:-

*     Revcovery of  jobs that existed before covid - that is exiisting jobs that was closed  down temporarily - because of Covid 

*     Losing 2,6 millon permanent manufacturing jobs.

*     Creating millions of temporary jobs  most of which supported the illegal migrant employment program - axccording to the New Yorrk Times it included jobs for children used as slave labor a were he Government provided free housing to migrantsa nd paid then $700 dollars to cover their food costs (see the following video about that one); and

https://www.hawley.senate.gov/hawley-slams-biden-official-releasing-migrant-children-human-traffickers/

*      Creating of federal government jobs to apply the implementation of tens of thosuands of new regulations isued by the Biden Regime.

Most of the jobs were unproductive and also inaccurate.   Governemnt propaganda  on the Biden Job Creation program was not supported by facts - the latter stats contained  a 1 000 000 job over- estimate.    The fact is that Government spending feed inlation and the real economic siutuaion is putrid.   

Under Trump's policy productive  jobs were created without forcing up inflation and causing the working class to have extra money in their pockets and the investors expanding businesses - under Biden the rich got richer  and everyone else poorer.