Biden’s billionaires tax is dead on arrival as bi-partisan support is set to remove what would be a devastating blow to America’s producers. A new poll shows that 7 out of 10 Democrats oppose taxing unrealized gains and 76% of independents are opposed to this as well.
The most outrageous part of Biden’s proposal was a tax on gains for tradeable assets. As if that wasn’t enough Biden’s billionaires’ tax would implement an annual tax on people with at least $1 billion in assets or $100 million income for 3 years. Currently, that would apply to approximately 700 individuals.
Biden’s proposed inheritance tax changes would destroy America’s farmers.
GUEST: Jack Hanney, CEO of Patriot Gold Group, can discuss how a tax like this would impact investments for all American’s not just the wealthy.
“America’s economy hangs on the brink and the Democrats are spending money like they’re printing it—oh wait, they are. We do not need more taxes we need to reform reckless spending.” Jack Hanney.
Discussion Questions:
What makes the billionaires tax so egregious?
Does the American economy need more taxation right now?
What do you see as the problem with taxes on investors both large and small?
Is it true that if Biden’s new taxes are enacted that the combined rate for higher inheritance tax and capital gains would be the highest in almost a century?
What kind of effect will all these taxes have on a fragile economy?
What do you recommend Americans start thinking about?
GUEST: Jack Hanney is the CEO/Senior Partner of Patriot Gold Group, with more than a quarter-century of experience in financial markets and trading.
MEDIA CONTACT: Tamara Colbert, e: tamara@ohsweetliberty.com, c: 626.244.5571 or Celinda Hawkins (432) 349 – 2736 or cemison@gmail.com
