Tariffs is more of a complex animal. Part of the reason for tariffs is too many regulations most often by Democrats increasing costs thus companies are less competitive on the world market. Originally Posted by farmstud60Yes, if you want American companies to be competitive, you need to do away with the tariffs, keep the corporate tax rate at a reasonable level compared to other countries, and not over-regulate.
and the Dems also want to tax unrealized capital gains. That will be a shit show as how are they going to define points in time to determine said value, will they allow tax deduction for unrealized capital losses, etc? Originally Posted by r66Agreed. Compliance would be a booger. Would we have the advantage in tech we do if founders of companies were constantly having to liquidate their ownership in their companies to pay tax?
And as to spending/impact on national debt, from 2010 until about 2020, the quarterly interest payment for the national debt was roughly 450 billion on average. Currently, the interest payment, under Biden, has hockey sticked to a little over 1 trillion per quarter...so doubled...The numbers must be annualized, not quarterly. Still over $1 trillion a year in interest expense is frightening. Our defense budget is $840 billion for comparison. Maybe this played a part in the Fed's decision to drop rates by 0.5%, when inflation is still above their target. Given that the politicians, Democrat and Republican, are unlikely to get deficits under control, high real interest rates could make interest payments totally unmanageable at some point.
https://fred.stlouisfed.org/series/A091RC1Q027SBEA Originally Posted by r66
and the Dems also want to tax unrealized capital gains. That will be a shit show as how are they going to define points in time to determine said value, will they allow tax deduction for unrealized capital losses, etc? Originally Posted by r66Why do you and the hard right deliberately demagogue this tax proposal? You drop this line with zero context. You know the tax would only apply to wealth that exceeds 100 million dollars. But you leave that out, because it destroys your bullshit point.
Why do you and the hard right deliberately demagogue this tax proposal? You drop this line with zero context. You know the tax would only apply to wealth that exceeds 100 million dollars. But you leave that out, because it destroys your bullshit point. Originally Posted by CapitalWhy did people condemn the German government for taking wealth away from some of its more prosperous and successful citizens, who happened to be Jewish, in the 1930's? Now Kamala certainly isn't as extreme. But Bernie Sanders and Elizabeth Warren are.