@NunyaBisn3ss@WriterPaulBond@BudvarCat \2 And yes, Dems are indeed discussing taxing to the gills. E.g., top tax rate all in of ~ 70%, yearly wealth tax of 5% starting at $50M. At these rates, productive people will simply log out.
@NunyaBisn3ss@WriterPaulBond@BudvarCat \1 I hate "fair share." It's a mechanism to endlessly raise taxes, because tax happy politicians can claim the current level is never enough. Mention the specific tax burden, not this pablum.
@ralphmurcio@BadAndy167 They may not own stocks directly, but a lot of them, such as teachers, get pensions. And pension funds just happen to invest in the stock market.
@Lambdathfqee@sethbannon No major tax changes are imminent. But by 2028, the inevitable Dem total victory will concentrate the mind and investors will bail hard to protect what they can.
@sethbannon Wish that were so. Likely after 2028 sweep:
โข Wealth tax, perhaps starting at $50M
โข No pref for cap gains
โข Top tax rate, perhaps 50%
โข Single payer health care
โข No cap on SS tax
โข No QSBS
โข And so much more
And massive stock selling before 2029. See futures.
@sethbannon Yes, that is indeed commendable. But let's not put the blinders on as to what will transpire in a couple of years if you cherish capitalism.
@sethbannon Enough of Trump, Trump, Trump already. He's a lame duck with a couple of years left. Let's look to the future to see what's really at stake in this election. Besides the antisemitism, El-Sayed represents a party that as well stated by @Musk supports: https://t.co/gjosUYFLOS
My biggest concern is that if there is a clean sweep by Democrats of the House, Senate and Presidency in 2028, they will:
1. Make DC and Puerto Rico states to gain a strong majority in the Senate.
2. Open the borders and legalize everyone living in America illegally to cement a permanent majority.
3. Increase the size of the Supreme Court to gain an immediate majority.
This would result in America becoming a permanent one-party state and the end of democracy in any meaningful sense of the word.
All that is needed to ensure this doesnโt happen is 51 Republican senators in 2029. That is why you should vote for Republican senators this election. Other reasons are irrelevant compared to this one.
@sethbannon That's politics. He'll say what he needs to say to win. He campaigned with Piker four times during the primaries, including at his election night watch party! And were supposed to believe they weren't (aren't) simpatico? Come on, man.
@sethbannon He's buddy, buddy with Hasan Piker. But, I'll give him credit for being a masterful dissembler.
Oh, and he dissembles on the issues as well. His Medicare for All is really single payer. No way is it possible to expand health care coverage and provide high quality care.