What?  Are you saying that when everyone withdraws their money from Blackrock ($10 trillion under management) and Vanguard ($7.7 trillion under management), that it might pop the stock market like a bubble?  

Yeah, but nobody takes that seriously.

Biden Embraces a Wealth Tax to Address Racial Wealth Inequality

Biden Explanations

There’s still more if you dive into General Explanations of the Administration’s Fiscal Year 2025 Revenue Proposals

The explanations are 256 pages long. The following points do not represent all of the ways the administration is coming after you.

I have a 15-point synopsis at the end for those just wishing to see general ideas.  Here are some details:

  - The child tax credit would be expanded through 2025, would permanently be made fully refundable, determined monthly, and paid out in advance. Reforms to the delivery of the credit would facilitate take-up. The earned income tax credit would also be expanded to cover more workers without children. The premium tax credit expansion first enacted in the American Rescue Plan Act of 2021 and extended in the Inflation Reduction Act of 2022 would be made permanent, making health insurance more affordable for millions of families.

  - Raising the corporate income tax rate is an administratively simple way to raise revenue to pay for the Administration’s fiscal priorities.

 -  The proposal would increase the tax rate for C corporations from 21 percent to 28 percent. The effective global intangible low-taxed income (GILTI) rate would increase to 14 percent under the proposal.

 -  The proposal Revise the Global Minimum Tax Regime, Limit Inversions, and Make Related Reforms described later in this text would further increase the effective GILTI rate to 21 percent.

Biden Treasury Department says we need higher taxes on capital gains because it would hurt white people more and take away their wealth.

Whites own too many stocks and businesses, so they need to pay. pic.twitter.com/JVv9T4zL2q

Richard Hanania  (@RichardHanania) April 25, 2024

More:   https://mishtalk.com/economics/biden-embraces-a-wealth-tax-to-address-racial-wealth-inequality/

We got ourselves a true believer! How cute!

I guess I’ll be the one to break this to you: there’s no politicians that give a flying fuck about you or I. They’re not trying to defend your “rights,” or protect your bank account.

If you need examples of this, ar15.com gonna have to buy more internet space. It’s a long list.

Hunter paid his taxes yet?  That should be the first question every time pedopeter mentions tax increases.  Next one should be, "Are hookers still deductible?"

It’s easy to vote for more taxes when you never pay any. Our politicians and their pet illegals have capitalized on that for decades. This new percentage is just to maximize  profits and restore the middle class for all time.

Keep voting! It works out so well!

Uh, it literally does. Check ever single targeted year retirement fund, ever. Every single one shifts from growth to income the closer you get to the retirement target.

Now reduce the ROI for equity return, and how exactly do you envision that this won’t significantly impact investment strategies?

Because Bond funds are constantly being sold and turned into cash and spent as part of the normal process. And massive amounts of new equities are being purchased by younger people. You are massively oversimplifying the way the market works.

Let me guess.  You graduated from Harvard and have never owned a business.