How will Joe Biden GOVERN? General Biden Administration F**kery Thread

[winb83]

the smaller investor will get hurt bad by this tax. they dont need to make over 1m to get hurt. more bags to hold and less gains to see

so many people got into investing the past year and a half or so and they are gonna see all this red and gtfo which is honestly part of why i see this being proposed. no one on either side wants the little guy to win in the stock market

Not really. As a small investor doesn't bother me at all. If you aren't knowledgeable enough about the stock market to know that headlines like this and the market in general to headlines overreacts and you pack up and leave then you hurt yourself.

The reality is this is just noise. It's unlikely to even get passed anyway.

 

[NkrumahWasRight Is Wrong]

Not really. As a small investor doesn't bother me at all. If you aren't knowledgeable enough about the stock market to know that headlines like this and the market in general to headlines overreacts and you pack up and leave then you hurt yourself.

The reality is this is just noise. It's unlikely to even get passed anyway.

i hear you

perhaps i was hyperbolizing

but its inaccurate to say that this would just impact the big dogs

 

[Pressure]

the smaller investor will get hurt bad by this tax. they dont need to make over 1m to get hurt. more bags to hold and less gains to see

so many people got into investing the past year and a half or so and they are gonna see all this red and gtfo which is honestly part of why i see this being proposed. no one on either side wants the little guy to win in the stock market

Your suggestion is the little guy will be hurt bad by this tax because...

There was a paper published by the government back during the great recession that spoke on capital gains taxes. I'll have to look it up, but some major takeaways were that:

Capital gains tax increases do not have a long term strong affect on market behavior.

The average American wouldn't even be affected since most of their wealth is tied up in retirement accounts or primary residences that aren't affected by this. And what little was left in the market was only 12% of their total wealth.

 

[NkrumahWasRight Is Wrong]

Your suggestion is the little guy will be hurt bad by this tax because...

There was a paper published by the government back during the great recession that spoke on capital gains taxes. I'll have to look it up, but some major takeaways were that:

Capital gains tax increases do not have a long term strong affect on market behavior.

The average American wouldn't even be affected since most of their wealth is tied up in retirement accounts or primary residences that aren't affected by this. And what little was left in the market was only 12% of their total wealth.

noted and i adjusted my stance slightly before your post...however i would like to note that investing landscape is vastly different now than 2008 in terms of how many people are in due to increased accessibility etc. not that your referenced paper is obsolete just that it is not necessarily transferable at the moment either

 

[Pressure]

noted and i adjusted my stance slightly before your post...however i would like to note that investing landscape is vastly different now than 2008 in terms of how many people are in due to increased accessibility etc. not that your referenced paper is obsolete just that it is not necessarily transferable at the moment either

Fair. And I think we may suffer from some of our own biases. According to the federal reserves, it's actually worse now. This data is from 2020 :

Top 1% of households: Assets

Equities 34%
Other assets 22.4%
Private businesses 21.7%
Real estate 12.8%
Pensions 5.9%
Consumer durables 3.2%
Source: Federal Reserve

Bottom 50% of households: Assets

Real estate 54.4%
Consumer durables 20.4%
Other assets 12%
Pensions 9.4%
Equities 2.2%
Private businesses 1.7%
Source: Federal Reserve

This country needs some type of wealth redistribution and taxes are usually one of the first steps along with using those taxes for good programs.

Some may argue that isn't fair and duly noted, but neither are those numbers above.

 

[NkrumahWasRight Is Wrong]

Fair. And I think we may suffer from some of our own biases. According to the federal reserves, it's actually worse now. This data is from 2020 :



This country needs some type of wealth redistribution and taxes are usually one of the first steps along with using those taxes for good programs.

Some may argue that isn't fair and duly noted, but neither are those numbers above.

tangentially related: id like to see legislation banning non citizens from buying real estate here..particularly foreign based companies

 

[ADevilYouKhow]

Maxine Waters rips GOP criticism: 'I'm not going to be bullied'

 

[ADevilYouKhow]

Key GOP senators say they’re open to corporate tax increase

Lol

 

[Saysumthinfunnymike]

i hear you

perhaps i was hyperbolizing

but its inaccurate to say that this would just impact the big dogs

i'm with you... the growth rate of many companies would be likely to slow down which affects all of us.. don't even see how that's arguable.

 

[FAH1223]

Yikes

and

 

[NkrumahWasRight Is Wrong]

i'm with you... the growth rate of many companies would be likely to slow down which affects all of us.. don't even see how that's arguable.

Will it curtail the wealthiest from exacerbating the wealth divide? Maybe

But this will actually trickle down into every stakeholder at least to some degree.

I would like to think there is some sort of targeted thing that would prevent that from happening but maybe that doesnt really exist

 

[Saysumthinfunnymike]

Will it curtail the wealthiest from exacerbating the wealth divide? Maybe

But this will actually trickle down into every stakeholder at least to some degree.

I would like to think there is some sort of targeted thing that would prevent that from happening but maybe that doesnt really exist

we're probably discussing it and nothing will actually happen...

 

[chineebai]

Wealthy people knew this tax was coming. Trust, they'll find a way around it, they always do.

 

[NkrumahWasRight Is Wrong]

we're probably discussing it and nothing will actually happen...

I said last year I was going to sell eventually because the market would come down on biden tax plans. And I did to some degree. But I'm a little peeved that I parked so much of my money in retirement accounts

 

[☑︎#VoteDemocrat]

Biden is the most progressive president ever and yall ain't even peep