
Originally Posted by
walrus
He’s only been in 100 days. He acted to quickly changing the border stuff but what the hec I’m still hoping he does well. I’m not going to rip him apart at day 100. Sure there are somethings he’s doing I don’t care for but so what. I’m wondering if some of his tax plans are just bad timing with the economy trying to bounce back, raising the capital gains on the higher earners will have an impact on 401k and middle class investors but it’s not like there is anything solid yet. I’ll reserve my judgement it doesn’t really matter much anyway although it gets some people upset. We are all just writing words from thoughts or observations. No one has the market cornered in those that I know of. All we are saying, is give Joe a chance.
Cutting the corporate tax rate by a third had absolutely fuck all effect when Trump did it a few years ago other than to send corporate profits skyrocketing. Trump cutting the top rate of tax likewise had no effect on economic growth. Why would raising the top rate back where it was have any effect on economic growth?
Capital gains tax is being increased on people making a million dollars a year. How will this affect 401ks and middle class investors exactly?
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