I believe that the USA really wants to become communist. I don't know if it's true or not, but I've seen that they want to raise the capital gain tax to 44% and that's not all, they want to tax unrealized capital gains, which I find to be a real economic lightning bolt in free property.
Imagine how many homes will be put up for sale because they now cost $400,000 and some elderly people bought them for $20,000 in the past. It would mean that everyone who owns a home would have to pay hundreds of thousands of dollars to the American government. Meanwhile, that "capital gain" grows because it rises with inflation. It's like having $1 million invested in the stock market and being taxed every time the government increases inflation. In the end, you will be left with nothing.
I remember when Donald Trump used to say that the USA will never be socialist. So? It seems that some really want communism in the USA?
1. You had 10$ in 10 eggs worth $1 each.
2. 10x Inflation comes, and now 1 egg is $10.
3. You have $100 but -44% with the tax... you now have 6.6 eggs and $66.
4.Then another inflation of 10x.
5. You now have $660, -44% = $369, that's 3.7 eggs.
of course you can keep the 10 eggs if you work as a slave and pay 44% of whatever inflation will come
Last edited: Apr 25, 2024
Imagine how many homes will be put up for sale because they now cost $400,000 and some elderly people bought them for $20,000 in the past. It would mean that everyone who owns a home would have to pay hundreds of thousands of dollars to the American government. Meanwhile, that "capital gain" grows because it rises with inflation. It's like having $1 million invested in the stock market and being taxed every time the government increases inflation. In the end, you will be left with nothing.
I remember when Donald Trump used to say that the USA will never be socialist. So? It seems that some really want communism in the USA?
1. You had 10$ in 10 eggs worth $1 each.
2. 10x Inflation comes, and now 1 egg is $10.
3. You have $100 but -44% with the tax... you now have 6.6 eggs and $66.
4.Then another inflation of 10x.
5. You now have $660, -44% = $369, that's 3.7 eggs.
of course you can keep the 10 eggs if you work as a slave and pay 44% of whatever inflation will come
Last edited: Apr 25, 2024
