When capital gains are relegated to the wealthy/investors, it’s easy for the public to ignore it or casually support it.
But in the coming years the overwhelming majority of people will be forced to pay for capital gains on their homes, their cars, their bitcoin, their stocks, everything will be driving higher in dollar terms. And despite all those “gains,” people will feel poorer than ever.
It’ll probably be capital gains tax that triggers the revolt when plummeting purchasing power hits normal people with additional 20% tax on stuff that only went up in price because of inflation. 🤔
TheGuySwann / Guy Swann
npub1h8…6rpev
2023-12-04 00:51:40
Author Public Key
npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpevPublished at
2023-12-04 00:51:40Event JSON
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"content": "When capital gains are relegated to the wealthy/investors, it’s easy for the public to ignore it or casually support it. \n\nBut in the coming years the overwhelming majority of people will be forced to pay for capital gains on their homes, their cars, their bitcoin, their stocks, everything will be driving higher in dollar terms. And despite all those “gains,” people will feel poorer than ever. \n\nIt’ll probably be capital gains tax that triggers the revolt when plummeting purchasing power hits normal people with additional 20% tax on stuff that only went up in price because of inflation. 🤔",
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