Taxing billionaires is NOT complex or difficult, but the Biden admin is trying to create the impression it is by proposing an idiotic tax on "unrealized capital gains". Such a tax would force billionaires to sell shares of their companies every year, which artificially depresses the share value and reduces their stake. The elites *know* this is idiotic, which is why they proposed it - they know it won't actually be passed/implemented and it's probably not even constitutional.
The correct way to tax billionaires is simple: a progressive capital gains tax. Currently, capital gains tax rate is the same % for everyone, whether you sell $30 of Bitcoin or $100M of Microsoft shares. With a progressive cap gains tax, billionaires would be hit with a 45% rate on every stock/crypto profit exceeding $350,000. Good luck finding a loophole around that.
The correct way to tax billionaires is simple: a progressive capital gains tax. Currently, capital gains tax rate is the same % for everyone, whether you sell $30 of Bitcoin or $100M of Microsoft shares. With a progressive cap gains tax, billionaires would be hit with a 45% rate on every stock/crypto profit exceeding $350,000. Good luck finding a loophole around that.
In a couple hrs from now there will be exactly 19 million BTC in existence. Only 2 million left to mine!
https://www.buybitcoinworldwide.com/how-many-bitcoins-are-there/
https://www.buybitcoinworldwide.com/how-many-bitcoins-are-there/
bitbo.io
How Many Bitcoin Are There? How Much Supply Left to Mine?
This is a complete guide to how many Bitcoins there are. Learn how many exist plus much more from this in-depth post (updated hourly).
Young people have a choice now: either college or a house.
https://www.sfgate.com/news/article/Colleges-scramble-to-recruit-students-as-17047912.php
https://www.sfgate.com/news/article/Colleges-scramble-to-recruit-students-as-17047912.php
SFGATE
Colleges scramble to recruit students as nationwide enrollment plunges
INDIANA, Pa. - On Valentine's Day, her hometown college offered BreAnn Stineman a seat in...
Look who wrote the EU's anti-privacy law 😒
https://www.coindesk.com/policy/2022/03/31/im-not-anti-crypto-says-architect-of-controversial-eu-money-laundering-proposal/
https://www.coindesk.com/policy/2022/03/31/im-not-anti-crypto-says-architect-of-controversial-eu-money-laundering-proposal/
CoinDesk
I’m Not Anti-Crypto, Says Architect of Controversial EU Money Laundering Proposal
In an exclusive interview, Belgium’s Assita Kanko tells CoinDesk she just wants to stop anonymous payments being used for crime. Her claims seem unlikely to impress an industry complaining of privacy violations and stifling innovation.
👍2🤮2