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Reply to "biden pushing for new capital gains tax "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Biden Calls for 44.6% Capital Gains Tax Rate, Highest Capital Gains Tax Since Its Creation in 1922 - ENJOY.[/quote] Higher taxes are INEVITABLE, as is forced purchase of treasuries. US has catastrophic debt level, particularly at the current interest rates. UMC will be the first to bear the brunt. Middle class down the line. [/quote] Of course it's never a spending problem..it's always a tax problem.[/quote] I don’t think you understand the math. This is decades worth of rampant spending. There is no belt tightening that can make a difference. In fact many prominent economists say we are past the point where increasing taxes, even at exorbitant levels, can make a difference. From here on out it will be rapid quality of life decreases and asset transfers to gov. or…..war. [/quote]
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