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Discussion and Debate
Discussion and Debate
Politics
American Politics
Biden's capital gains tax proposal could crush the economy, experts say
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<blockquote data-quote="o_mlly" data-source="post: 77668002" data-attributes="member: 434838"><p>? You miss the point entirely. Those investments just never happen if the monies are taxed away.</p><p></p><p>Wow. Spur more investment? How does one invest more of that which they now have less of? </p><p></p><p>? Just how do you imagine that works out? If the government spends the taxed money (which they have shown a strong propensity to do) how exactly does that affect price levels?</p><p></p><p>Oh dear. Small business owners who sell do not get "multi-million" dollar payouts. They only get what a willing buyer will pay. And, whatever that amount is will be taxed as a capital gain at the higher rates under the Biden scheme.</p><p></p><p>? Is there buried in Biden's plan a mandated accounting change as well that's not mentioned in the article?</p></blockquote><p></p>
[QUOTE="o_mlly, post: 77668002, member: 434838"] ? You miss the point entirely. Those investments just never happen if the monies are taxed away. Wow. Spur more investment? How does one invest more of that which they now have less of? ? Just how do you imagine that works out? If the government spends the taxed money (which they have shown a strong propensity to do) how exactly does that affect price levels? Oh dear. Small business owners who sell do not get "multi-million" dollar payouts. They only get what a willing buyer will pay. And, whatever that amount is will be taxed as a capital gain at the higher rates under the Biden scheme. ? Is there buried in Biden's plan a mandated accounting change as well that's not mentioned in the article? [/QUOTE]
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Biden's capital gains tax proposal could crush the economy, experts say
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