Dollar Auction Show President Biden's Cap Gains Tax Plan Disaster
Today Alex talks about his view of President Biden’s Tax Policy – specifically his proposal to increase capital gains taxes to 43.8% on individuals making more than $1,000,000 per year. In our view this is a disastrous policy with terrible consequences and it goes much deeper than “tax the rich”.
In this episode, Alex discusses:
1. The origin of Capital gains taxes and why they are unique
2. Capital vs. Income taxes
3. Entrepreneurship, risk taking, and their ties to Capital Gains
4. Wealth vs. Money – how they are vastly different
5. Inflation
6. Leverage and unintended behavior
7. Trading frequency
8. The Government vs. the Individual
Great brief CNBC Overview: https://twitter.com/CNBC/status/1385636584456921089
http://hardcorefinance.com
@ShimonLazarov
@MrEBITDA