A 'modest' wealth tax! Who defines modest? Somebody probably once said something about new taxes being a Pandora's box. They all start out with the intention of being modest.Well, having been reasonably fully invested for the Obama rally I took some money off the table the day after the election. I added a little back in the day after Christmas last year, but am still in a fairly conservative spot. As for taxes, Trump runs a trillion dollar deficit in the tenth year of an expansion. You can hardly get less fiscally responsible than that. The comparison to Clinton’s track record in the 90’s would be stunning, if we weren’t already stunned. A modest wealth tax that captures assets shielded by foundations and trusts would be a good thing. Increased corporate taxes the same (FedEx doesn’t really need a negative effective tax rate). Taxing financial transactions is a lot trickier, and probably less wise.
Last year, 60 Fortune 500 (US) companies avoided paying all (US) federal income tax in 2018 under Trump law (among them Amazon with more than $11B profit).If you've been out of the stock market since, let's say, Trump was elected, I can see why you're so grumpy.
I think the stock market would take a hit if Trump were removed from office. But what would really rattle it would be various Warren and/or Sanders tax proposals getting serious consideration: weath tax, financial transaction tax, increased corp taxes, etc., etc. Speaking of etc's, the 40% 'exit tax' is another amusing one.
But not CGT on private businesses, I hope!Raise the Capital Gains tax, at least on the profits from the sale of shares of companies the taxpayer is an executive officer for. Would close the share buyback loophole.
Show me a headline that claims Trump spoke the truth about something and I’ll show you fake news."Trump is lying about the ‘new’ ‘Apple’ factory"
https://www.theverge.com/2019/11/20/209 ... le-factory