The US Democrats are proposing a bill to tax the some 700 billionaires. Since I can comfortably say we are all under that threshold save Elongated Muskrat’s secret Reddit account when he lurks here, Mitt Romney basically flat out stated that it’ll basically force the extremely wealthy to purchase other hard assets and basically flee the stock market that has been giving protections to the masses via their job security and padding their IRAs and 401k. When they destroy capitalism and move towards a socialist society, that’s when you see the billionaires get pushed against the wall and Bitcoin hit $1m at the very least.
Also, I am aware that the wealth tax is just a temporary measure until they start implementing it to the middle class. I can just hope society as a whole can stop irresponsible fiscal policy.
Submitted October 26, 2021 at 06:39PM by JeremyLinForever https://ift.tt/3jZCYt9 https://ift.tt/2Z7cX2s
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