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Discussion and Debate
Discussion and Debate
Politics
American Politics
Biden's capital gains tax proposal could crush the economy, experts say
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<blockquote data-quote="Hans Blaster" data-source="post: 77669510" data-attributes="member: 396028"><p>And I have only discussed assets and transactions subject to capital gains taxes, nothing else. Some of the investment you think is suppressed by those taxes aren't.</p><p></p><p>Yep. I knew that yesterday (and 30 years ago).</p><p></p><p>So tertiary affects. That's the why we need to keep taxes on stock capital gains low is so that the market for IPOs is super robust? Balderdash. Yes IPOs do inject new cash into a company, but at the same time the early investors use the IPO to cash out to a big payday. They got their money and a big return (probably). Is that all just going to stop if they had to pay a bit more cap gains tax on it? (I doubt it, or maybe it would be slightly better as they'd be a bit more cautious in their investments and we wouldn't get so many garbage fad bubble companies (see recently "crypto" and "AI") funded by them.</p><p></p><p></p><p>"real investments" were the kind of economic investments that you claimed this tax change would impact. The kind that grow the economy and create jobs. The primary impact of (and losers to and) increased cap gains taxes are those who gain most of their income from (long term) stock speculation. While purchase of existing corporate securities is called "investing" by investment managers, it does not grow the economy.</p><p></p><p>I didn't claim that they were subsidies. I said that economic investments (expanding commercial capacity) are often subsidized. Purchasing 100 shares of APPL or DJT doesn't grow the economy and other than your potential windfall from such a purchase, the only ones that benefit are stockbrokers.</p><p></p><p>I just explained it again. I don't need to one more time.</p><p></p><p>This proposal doesn't tax businesses, it taxes those who own and sell shares of those businesses. When companies spend their own cash on expansion (aka, investment) that reduces their profits and *lowers* their taxes as other posters have already noted.</p><p></p><p>I'm not sure you know what nonsense is.</p></blockquote><p></p>
[QUOTE="Hans Blaster, post: 77669510, member: 396028"] And I have only discussed assets and transactions subject to capital gains taxes, nothing else. Some of the investment you think is suppressed by those taxes aren't. Yep. I knew that yesterday (and 30 years ago). So tertiary affects. That's the why we need to keep taxes on stock capital gains low is so that the market for IPOs is super robust? Balderdash. Yes IPOs do inject new cash into a company, but at the same time the early investors use the IPO to cash out to a big payday. They got their money and a big return (probably). Is that all just going to stop if they had to pay a bit more cap gains tax on it? (I doubt it, or maybe it would be slightly better as they'd be a bit more cautious in their investments and we wouldn't get so many garbage fad bubble companies (see recently "crypto" and "AI") funded by them. "real investments" were the kind of economic investments that you claimed this tax change would impact. The kind that grow the economy and create jobs. The primary impact of (and losers to and) increased cap gains taxes are those who gain most of their income from (long term) stock speculation. While purchase of existing corporate securities is called "investing" by investment managers, it does not grow the economy. I didn't claim that they were subsidies. I said that economic investments (expanding commercial capacity) are often subsidized. Purchasing 100 shares of APPL or DJT doesn't grow the economy and other than your potential windfall from such a purchase, the only ones that benefit are stockbrokers. I just explained it again. I don't need to one more time. This proposal doesn't tax businesses, it taxes those who own and sell shares of those businesses. When companies spend their own cash on expansion (aka, investment) that reduces their profits and *lowers* their taxes as other posters have already noted. I'm not sure you know what nonsense is. [/QUOTE]
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Biden's capital gains tax proposal could crush the economy, experts say
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