I personally benefit by voting Trump (tax break for the top earners) but I'm also thinking beyond that to 'future sustainment' and investment opportunities in the new era we're approaching. Hillary is the smart safe choice will provide status quo stability to the financial markets. Trump's lack of knowledge and volatility would cause an instability that would cause speculators to go wild with an ensuing market collapse. I'm not voting for that. Originally Posted by Sistine ChapelDear Sistine Chapel,
O.K., according to the headlines, USA markets were up on Monday because participants believed it was more likely Hillary would win the presidency, after the release of the Trump video. And they were down on Tuesday because participants believed there could be a blowout, with Democrats sweeping the House and the Senate too.
Yes, if Trump controlled all three branches of government, and, say, actually stopped trade with China, Mexico, etc. by raising tariffs sky high, he would throw us into a worldwide depression.
The effect of long-term Democratic Party control of all branches of government would be just as pernicious, although slower to manifest itself. Your fantasies of future "sustainment" and investment opportunities are a pipe dream. One example, the Democrats obsession with green energy would lead us down the same road as Spain and Germany, with gasoline and electric bills multiples of what they are now, and minimal effect on total worldwide CO2 emissions or global warming. As it is, even with a Republican Congress, the executive branch and Democrat-controlled state governments are holding up natural gas pipelines that would REDUCE CO2 emissions by displacing fuel oil and coal. The war on hydraulic fracturing and oil pipelines means that the next time there's an Arab or OPEC oil embargo, like 1973, we'll be fucked. And until then our trade deficit, and the resulting debt we owe to foreign governments, will continue to soar because of our oil imports.
Your capital gains taxes will go up under Hillary's plan, even though there's wide agreement that the government will collect LESS from the capital gains tax because people will delay or stop selling assets, in order to put off paying the higher tax. In other words, everyone and the federal government end up worse off with Hillary's plan to raise taxes on capital gains.
The marginal income tax rate on your personal income and any non-subchapter C businesses you own will go to 47.4% if you live in Texas, or about 58% if you live in California. This will diminish your appetite for risk taking and reduce the amount you could reinvest in any businesses you own. Then after you die, your estate will be required to give up to 65% of everything you still owned to the federal government.
Regulation will continue to increase. Along with higher taxes that means fewer jobs in the private sector will be created.
If you believe as I do that Hillary Clinton will win the election, then you should vote for Republican Congressmen and Senators. It's in your best interest. It's in the best interest of the United States of America.