bearister said:
In looks like the election will be determined by the Really Rich Guys that want those tRump tax cuts and the proletariate will gladly serve those up for them. Maybe the Trickle Down Theory will provide them with scratch to buy more MAGA gear.
David Sacks: Silicon Valley should "think really hard" about 2024 vote
https://www.axios.com/2024/05/15/david-sacks-axios-bfd
"In a wide-ranging conversation at Axios BFD San Francisco, Sacks was asked a hypothetical question about taxing of unrealized gains, something the Biden administration has proposed as a means of engineering a fairer tax code.
What he said: "I don't think …the whole way that Silicon Valley works based on stock options and…widespread ownership of companies will survive in its current form if you have this, you know, 25% under gains tax," Sacks said."
I repeat: A tax on unrealized capital gains is one of the DUMBEST things that can ever be proposed.
It's still surprising to me that there are "educated" people that actually believe that we don't have a SPENDING problem in Washington, DC., and that the "cure" for massive deficits for as far as the eye can see is to simply tax unrealized gains and an upper class that ALREADY pays the bulk of the income taxes in this state and country.
Think the IRS can "account" for unrealized gains of the wealthy?
Hell, they can't even get the average American's income tax statements done in a timely manner.
But hey, I guess there will always be people who believe that GOVERNMENT KNOWS HOW TO SPEND OUR MONEY BETTER THAN WE DO.
How about another Bullet Train to LA?
How about a duplicative subway from BART thru San Jose and Santa Clara at a cost of $13 BILLION that was TRIPLE the original estimate and won't be done till 2037?
Think paying $2.1 BILLION is a good deal?
How is BART doing these days with ridership down 50%?
Will they have to start terminating service and closing stations in a couple of years given their massive deficit?
Or do you just want to keep throwing money down the toilet because GOVT KNOWS HOW TO SPEND YOUR MONEY BETTER THAN YOU DO!
Opinion | The Great California Train Robbery (msn.com) "Cults don't end well. They really don't."