IMPORTANT ‘Act Big' now to save economy, worry about debt later. Unrealised Capital gains Tax

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Stop Being Delusional

Senior Member
Jan 8, 2021
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If this is implemented this will completely devastate the economy, the house you own, you won’t own it anymore and your 401k‘s will be thrown out the window. You will have no 401k’s. The money you saved will be gone. This is serious, I hope people understand this.
This is part of their 2030 Agenda plan and they are 4 years behind, due to Trump getting in, which is why Biden has devastated America in less than 3 days. And if you think all this, that has happened in less than 3 days is bad, just wait. The world will be destroyed. Shakes head...

  • Unrealized capital gains refer to the theoretical increase in value of assets that an investor is holding onto.

U.S. Treasury Secretary nominee Janet Yellen reportedly said she would consider taxing unrealized capital gains — but billionaire investor Howard Marks said it’s not a practical plan and could hurt sentiment among investor.

“I think that would hit sentiment. It would obviously make it less attractive to be an investor, all things being equal,” said the widely followed investment guru, who is also co-chairman and co-founder of Oaktree Capital.

Unrealized capital gains refer to the theoretical increase in value of assets that an investor holds onto. The gains are only realized when the investor sells the asset at a price higher than what was initially paid to buy it.

The possibility of taxing wealthy investors on those yet-to-be realized gains was raised by Sen. Ron Wyden, D-Oregon, who will likely become chairman of the Senate Finance Committee.

Yellen, nominated by U.S. President-elect Joe Biden to head the Treasury, said she would consider such a proposal to boost government revenues, reported Reuters. That remark was made during her confirmation hearing on Tuesday and “raised eyebrows” among some senators and Wall Street investors, according to the news report.

The only way investors can avoid that taxation is by not making any profit from their assets, which is “not a great idea,” Marks told CNBC’s “Street Signs Asia” on Wednesday.

“Now the question is ... what are people gonna do with their money? Money has to go some place, it can’t be in the ether,” he said.

“I don’t think it’s a practical plan and I don’t know how you go out and tax everybody’s assets every year at what is supposed to be their market value. And then (there’s the) great question of what happens if you have a down year? You get a refund?” Marks asked rhetorically.

However, Marks also said he wouldn’t “second guess” Yellen’s move to support the U.S. economy. If confirmed, Yellen — who was the first woman to chair the Federal Reserve, and led the U.S. central bank from 2014 to 2018 — will also be the first woman to hold the position as U.S. Treasury Secretary.

Yellen said Tuesday the U.S. government should “act big” to help the economy get back on its feet after being severely hit by Covid-19. She acknowledged that the country’s debt is rising, but said the benefits of spending on more relief far outweigh the risks of a higher debt burden.

Marks said he agreed there’s a need to “save the economy first.”

“There are negative possible consequences from the debt and the deficits — but the fact that they exist doesn’t mean you shouldn’t do it. You have to do it, you have to save the economy first,” he said.



 
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1/2planetaway

Well-known Member
Jan 19, 2021
824
836
93
If this is implemented this will completely devastate the economy, the house you own, you won’t own it anymore and your 401k‘s will be thrown out the window. You will have no 401k’s. The money you saved will be gone. This is serious, I hope people understand this.
This is part of their 2030 Agenda plan and they are 4 years behind, due to Trump getting in, which is why Biden has devastated America in less than 3 days. And if you think all this, that has happened in less than 3 days is bad, just wait. The world will be destroyed. Shakes head...

  • Unrealized capital gains refer to the theoretical increase in value of assets that an investor is holding onto.

U.S. Treasury Secretary nominee Janet Yellen reportedly said she would consider taxing unrealized capital gains — but billionaire investor Howard Marks said it’s not a practical plan and could hurt sentiment among investor.

“I think that would hit sentiment. It would obviously make it less attractive to be an investor, all things being equal,” said the widely followed investment guru, who is also co-chairman and co-founder of Oaktree Capital.

Unrealized capital gains refer to the theoretical increase in value of assets that an investor holds onto. The gains are only realized when the investor sells the asset at a price higher than what was initially paid to buy it.

The possibility of taxing wealthy investors on those yet-to-be realized gains was raised by Sen. Ron Wyden, D-Oregon, who will likely become chairman of the Senate Finance Committee.

Yellen, nominated by U.S. President-elect Joe Biden to head the Treasury, said she would consider such a proposal to boost government revenues, reported Reuters. That remark was made during her confirmation hearing on Tuesday and “raised eyebrows” among some senators and Wall Street investors, according to the news report.

The only way investors can avoid that taxation is by not making any profit from their assets, which is “not a great idea,” Marks told CNBC’s “Street Signs Asia” on Wednesday.

“Now the question is ... what are people gonna do with their money? Money has to go some place, it can’t be in the ether,” he said.

“I don’t think it’s a practical plan and I don’t know how you go out and tax everybody’s assets every year at what is supposed to be their market value. And then (there’s the) great question of what happens if you have a down year? You get a refund?” Marks asked rhetorically.

However, Marks also said he wouldn’t “second guess” Yellen’s move to support the U.S. economy. If confirmed, Yellen — who was the first woman to chair the Federal Reserve, and led the U.S. central bank from 2014 to 2018 — will also be the first woman to hold the position as U.S. Treasury Secretary.

Yellen said Tuesday the U.S. government should “act big” to help the economy get back on its feet after being severely hit by Covid-19. She acknowledged that the country’s debt is rising, but said the benefits of spending on more relief far outweigh the risks of a higher debt burden.

Marks said he agreed there’s a need to “save the economy first.”

“There are negative possible consequences from the debt and the deficits — but the fact that they exist doesn’t mean you shouldn’t do it. You have to do it, you have to save the economy first,” he said.



Biden destroys pipeline and 50,000 jobs on 1st day, then warns the economy is going to go bad...no s*** sherlock....then produces a 198 page covid plan...then goes on to say things are going to get worse...saying his own plan is not going to work? hilarious....anyway...boys in dresses have got a leg up on the girl competition anyway...thats a positive...lol
 

Gearboxmichael

Active Member
Jan 9, 2021
148
85
28
Yup you’re going to see a lot more rapes of girls and women in the bathrooms now, but hey this bullshit is normal right? 🙄
It's very important to comprehend what this word Debt is Fed Up, Dept, dept to who?
Even MORE So when your are the Federal Greedy Government and you Pull Off the Biggest Bank Heist and Robbery in History of the American People by simply adding Trillions of Dollars to the national debt Not just Once but Several times over !!! Give a man a Gun and he'll Rob a Bank , Give some men a Bank (The Federal Reserve) and they'll Rob the Country Blind AND the WORLD !!!
 

Stop Being Delusional

Senior Member
Jan 8, 2021
1,932
1,923
113
Well when we are in debt, who is it too? Your next door neighbour? The policeman? The school? The government? Or the BANKERS? Those that control the money control the world, thus those you are in debt too are the ones who own the banks.
 

Stop Being Delusional

Senior Member
Jan 8, 2021
1,932
1,923
113
1611437565557.jpeg

They knew Biden would do this. Fools.
 

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