Wow this has to be one of the worst administration's in history and it's already been only 2 days. Literary everything they are doing is fucking over Americans.
Equity markets plummet.
Bond markets get hit as well. With public equity funding collapsed, a massive shift to debt funding and with capitalizations down, rates double. My field (private finance) sees a boom again like 2008.
"Uh, our bank said we gotta shave 20 mil off our primary cuz ratios are all out of whack now. What will you do a 48 month mezz piece at?"
Ten points plus one plus one.
"What! The building is 100 percent leased and we are an A rated medical provider!"
Sucks to be you. Issue more stock.
"In 90 days? A secondary at half what we were trading at six months ago?"
Also, lemme guess? No investment bank is gonna underwrite a 20 mil five year note. Not worth their time. So like I said, its ten plus one plus one. I don't have a gun pointed at my head. You do.
Dems NEVER think in terms of econ growth. Just in terms of the max they can steal now.
I'm starting a list of the dumb, anti-American things this administration does. I want to keep it simple, so I'm only picking the worst events of the day, even though there are likely to be many. Today is a toss-up between this post and sending troops back to Iraq. I think I'll save the Iraq one for when they solidify it more since all it takes is scaring investors to cause damage to the stock market.
Day 1: Killed 10,000 jobs with Keystone XL pipeline cancelation
Day 2: Treasury secretary proposes killing investment (and by proxy the economy) by taxing unrealized capital gains
Wow this has to be one of the worst administration's in history and it's already been only 2 days. Literary everything they are doing is fucking over Americans.
it almost like he proposedly trying to kill the stock market............
If this gets any traction, the market will tank to levels never before seen. The sell-off of the century
no joke, im think about pulling my 401k out. it better off under my mattress.
Silver, bullets, food, seeds
Wait until the hyper inflation hits
Fuck, those Gold shills may have a point.
Cayman Account in another currency
Equity markets plummet. Bond markets get hit as well. With public equity funding collapsed, a massive shift to debt funding and with capitalizations down, rates double. My field (private finance) sees a boom again like 2008.
"Uh, our bank said we gotta shave 20 mil off our primary cuz ratios are all out of whack now. What will you do a 48 month mezz piece at?"
Ten points plus one plus one.
"What! The building is 100 percent leased and we are an A rated medical provider!"
Sucks to be you. Issue more stock.
"In 90 days? A secondary at half what we were trading at six months ago?"
Also, lemme guess? No investment bank is gonna underwrite a 20 mil five year note. Not worth their time. So like I said, its ten plus one plus one. I don't have a gun pointed at my head. You do.
Dems NEVER think in terms of econ growth. Just in terms of the max they can steal now.
Steal and salt(Destroy beyond all possible means of recovering)
Can you ELI5?
Holy shit this is depressing lol.
Can we just do the January 6th protest again, for real this time?
And then his cronies will but super low just in time for him to reverse it.
And then they're going to give it back to us when the stocks lose theoretical money, right?
lol look at bill gate right now........owning huge farm land......
Unrealized Losses. Lol!
Let's make sure to spread the word when he inevitably fucks up the economy. Blame Biden for everything like they did to Trump, this is a war.
This might be one of the worst proposals in history. Imagine getting unrealized gains taxed. That's just scary
It’s called phantom taxes. You have a tax on earnings that don’t exist. Imagine having to pay 20% cash tax without the actual cash in hand.
Wealth redistribution. Somehow the elite will avoid it. Middle class will be impoverished.
It's worse than that. You're supposed to have a few million in your account to retire on.
If you have >400k in your IRA, you get hit with the wealth cap gains taxes.
So fucking stupid. Taxed for unrealized gains, then taxed again for realized gains.
I'm starting a list of the dumb, anti-American things this administration does. I want to keep it simple, so I'm only picking the worst events of the day, even though there are likely to be many. Today is a toss-up between this post and sending troops back to Iraq. I think I'll save the Iraq one for when they solidify it more since all it takes is scaring investors to cause damage to the stock market.
Day 1: Killed 10,000 jobs with Keystone XL pipeline cancelation
Day 2: Treasury secretary proposes killing investment (and by proxy the economy) by taxing unrealized capital gains
Now that Soros got Trump fraudulently removed he can get The Great Reset under way in in FULL FORCE.
They now got 9 years to completely destroy the US military, the government and the economy of the country and all the people.