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Reply to "biden pushing for new capital gains tax "
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[quote=Anonymous]Biden is awful. $1M is NOT a lot of money sorry. Maybe if you only will ever earn $75k/yr it is but to most of us who have a couple degrees or own a successful mid size business - $1M is not anywhere close to gobs of money. In the very near future, given how general inflation is and how food prices soar, $1M will be more the hope that UMC want to target as HHI. So this whole raising this much in any tax rate is obscene. He's going for votes really. He's been on a tear between taking away student debt to everything on the legislation front, trying to win votes from Trumps market - the lower/middle class. This is a show and something he can brag about in trying to equalize everyone. For UMC folks, this is not a good sell. I think he figures that the hatred for Trump already established in educated populations overrides any votes he loses in that market. I almost hope he loses even though I don't want Trump either. I'm very disappointed in Biden. I would have preferred that he focus on other priorities than things like this which really doesn't impact the entire country very concretely.[/quote]
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