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Thread: Biden crashes the market

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    Default Biden crashes the market


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    He actually did. His talk about doubling Capital gains taxes roiled the markets.

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    I guess someone doesn't understand the meaning of "session lows". Every day there is a session low and a session high.

    A drop of less than 1% in a single day is hardly a crash.
    "We are all born ignorant, but one must work hard to remain stupid."

    "Any fool can criticize, condemn and complain - and most fools do."

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    Quote Originally Posted by Sailor View Post
    He actually did. His talk about doubling Capital gains taxes roiled the markets.

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    DEMOCRATS always want to try to sell this stuff as only hitting the “wealthy,” but it always includes us one way or another in the end, either because they outright tax non-wealthy people, too, or the taxes they impose are then passed on.

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    Quote Originally Posted by Legion View Post
    DEMOCRATS always want to try to sell this stuff as only hitting the “wealthy,” but it always includes us one way or another in the end, either because they outright tax non-wealthy people, too, or the taxes they impose are then passed on.
    Yeah. The rich are going to pass the taxes on to me for all the money they were hiding in overseas accounts.

    "We are all born ignorant, but one must work hard to remain stupid."

    "Any fool can criticize, condemn and complain - and most fools do."

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    Bungling Biden Eyeing Tax Rate as High as 43.4%

    Bungling Joe Biden will propose almost doubling the capital gains tax rate to 39.6% to help pay for a raft of social spending, according to people familiar with the proposal.

    The new top rate, coupled with an existing surtax on investment income, means that federal tax rates for investors could be as high as 43.4%.

    The new marginal 39.6% rate would be an increase from the current base rate of 20%, the people said on the condition of anonymity because the plan is not yet public.

    Stocks slid on the news, with the S&P 500 Index down at the close. Ten-year Treasury yields fell.

    The White Louse has already rolled out plans for corporate tax hikes to fund the $2.25 trillion porkulus package.


    https://www.bloomberg.com/news/articles/2021-04-22/biden-to-propose-capital-gains-tax-as-high-as-43-4-for-wealthy

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    Poor Legion. He’s desperate.

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    Well, if one wants to go there, as inane as it is, Stock Market, January 21, 2021, 31,188.38, Stock Market today, 33,815.90, yeah, that's some crash, investors out on the ledge with that crash

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    Quote Originally Posted by Sailor View Post
    He actually did. His talk about doubling Capital gains taxes roiled the markets.
    Yup.

    Most of the time these ‘president X tanks market’ threads are partisan hackery. But Biden really did tank the Dow.

    He owns it.
    Coup has started. First of many steps. Impeachment will follow ultimately~WB attorney Mark Zaid, January 2017

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    Quote Originally Posted by Darth Omar View Post
    Yup.

    Most of the time these ‘president X tanks market’ threads are partisan hackery. But Biden really did tank the Dow.

    He owns it.
    He sure does. And I am certain he will be responsible for many, many more times.

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    Quote Originally Posted by Darth Omar View Post
    Yup.

    Most of the time these ‘president X tanks market’ threads are partisan hackery. But Biden really did tank the Dow.

    He owns it.
    Once again, Stock Market, January 21, 2021, 31,188.38, Stock Market today, 33,815.90, yeah, that's some crash, investors out on the ledge with that crash

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    Quote Originally Posted by Sailor View Post
    He sure does. And I am certain he will be responsible for many, many more times.
    Nah, he could just pull a Trump and blame it on everyone and anyone other than himself, why not, you bought Trump doing it for four years

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    Quote Originally Posted by archives View Post
    Nah, he could just pull a Trump and blame it on everyone and anyone other than himself, why not, you bought Trump doing it for four years
    You whine like a bitch Archives. Seriously.

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