CMacchiato
2021-04-23
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"Bitcoin Fixes This": Silicon Valley Icon Slams "Job-Crushing" Biden Tax Plan, "Oppressive Government"<blockquote>“比特币解决了这个问题”:硅谷偶像猛烈抨击拜登“摧毁就业”税收计划、“压迫性政府”</blockquote>
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You could see people pull forward their gains to this year. It would potentially reduce the flow of capital because people would be less willing to take gains and move onto something else.</i> <i><b>People would be less willing to trade if they had to pay a tax that high.</b></i><b>Chris Zaccarelli, chief investment officer for Independent Advisor Alliance</b></p><p><blockquote><i>第一个影响将是人们决定要么现在就利用他们的收益,试图超越它。你可以看到人们将他们的收益提前到今年。这可能会减少资本流动,因为人们不太愿意接受收益并转向其他事情。</i><i><b>如果人们不得不缴纳那么高的税,他们就不太愿意交易。</b></i><b>Chris Zaccarelli,独立顾问联盟首席投资官</b></blockquote></p><p><i>It will incentivize selling this year before it does anything else. In the years to come,</i> <i><b>it will probably discourage selling, to some extent, but may also discourage buying as well as people look at other things to do with their money</b></i> <i>.</i> <i><b>The higher the taxes, the less people are likely to participate in activities that cost them tax.</b></i><b>Dan Suzuki, Richard Bernstein Advisors LLC’s deputy chief investment officer</b></p><p><blockquote><i>它将在采取任何其他措施之前激励今年的销售。在未来的岁月里,</i><i><b>在某种程度上,这可能会阻碍卖出,但也可能阻碍买入,因为人们会把钱放在其他事情上</b></i><i>.</i><i><b>税收越高,人们就越不可能参与需要缴税的活动。</b></i><b>丹·铃木,Richard Bernstein Advisors LLC 副首席投资官</b></blockquote></p><p><i>It’s more aggressive than what people were expecting. I would personally fade the reaction though</i> <i><b>. Seems very unlikely that it will pass in its current state, so it would be heavily diluted.</b></i><b>Sameer Samana, Wells Fargo Investment Institute’s senior global market strategist</b></p><p><blockquote><i>它比人们想象的更具侵略性。我个人会淡化这种反应</i><i><b>它似乎不太可能以目前的状态通过,因此它将被严重稀释。</b></i><b>Sameer Samana,富国银行投资研究所高级全球市场策略师</b></blockquote></p><p><i>If this is the start of less market-friendly policies, it could make the gains from here a lot choppier.</i> <i><b>We worry less about an increase in corporate tax rates and more about capital gains taxes/changes in stepped up basis.</b></i> <i>Those latter two have a much more chilling and direct effect on how people invest.</i><b>Max Gokhman, head of asset allocation at Pacific Life Fund Advisors</b></p><p><blockquote><i>如果这是对市场不太友好的政策的开始,这可能会使这里的收益更加不稳定。</i><i><b>我们不太担心公司税率的提高,而更担心资本利得税/税基的变化。</b></i><i>后两者对人们的投资方式有着更加令人不寒而栗和直接的影响。</i><b>Max Gokhman,太平洋人寿基金顾问公司资产配置主管</b></blockquote></p><p><i>I don’t think anyone is truly surprised that Biden is unveiling a cap gains tax, but what few people expected is that he’d do it so soon and in this magnitude.</i> <i><b>Unless it’s effective retroactively for 2021, it’s likely to be a 2022 rule -- in that case you will see at least marginal selling this year.</b></i> <i>And while retail investors get a lot of press right now for being a dominant force in day-to-day volume, the reality is that most stocks held by individuals are held by the wealthiest ones.</i><b>Kim Forrest, chief investment officer of Bokeh Capital Partners</b></p><p><blockquote><i>我认为没有人会对拜登公布上限利得税感到真正惊讶,但很少有人预料到他会这么快、这么大规模地这样做。</i><i><b>除非它在 2021 年追溯生效,否则它很可能成为 2022 年的规则--在这种情况下,今年至少会出现边际销售。</b></i><i>虽然散户投资者现在因为是日常交易量的主导力量而受到很多媒体的关注,但现实情况是,个人持有的大多数股票都由最富有的人持有。</i><b>Kim Forrest,Bokeh Capital Partners 首席投资官</b></blockquote></p><p><i>Prices are set by the balance of buyers and sellers so if you have more incentive to be a more active trader to reduce taxes, that’s going to put limits on how high stocks can go because there will be more sellers. And that’s the market mechanism on any given day. I’m not saying that ultimately but you’re artificially creating sales.</i><b>Chris Grisanti, chief equity strategist at MAI Capital Management</b></p><p><blockquote><i>价格是由买卖双方的平衡决定的,因此,如果你有更多的动力成为一个更积极的交易者来减少税收,这将限制股票的涨幅,因为会有更多的卖家。这就是任何一天的市场机制。我最终不是这么说的,但你是在人为地创造销售。</i><b>Chris Grisanti,MAI Capital Management 首席股票策略师</b></blockquote></p><p><i><b>The devil will be in the details -- will it be retroactive to January 1 of this year and then you wouldn’t need to sell right away? Will it be the beginning of next year? That all begs the question, will it get passed?</b></i> <i>With taxes especially there’s a lot of horse trading before the final deal. There are a lot of moving parts. One thing investors can be sure of is that taxes are going up and we have to at least partially pay for all the money we’ve been spending on stimulus.</i><b>Dave Portnoy,</b><b><i>Owner of DDTG Global</i></b></p><p><blockquote><i><b>细节决定成败--是否可以追溯到今年 1 月 1 日,然后您就不需要立即出售了?会是明年初吗?这一切都回避了一个问题,它会通过吗?</b></i><i>尤其是在税收方面,在最终交易之前有很多交易。有很多活动部件。投资者可以肯定的一件事是,税收正在上涨,我们必须至少部分支付我们在刺激经济上花费的所有资金。</i><b>戴夫·波特诺伊,</b><b><i>DDTG Global 所有者</i></b></blockquote></p><p><img src=\"https://static.tigerbbs.com/b6e835520d729a1d0c7be7bef75bba1c\" tg-width=\"516\" tg-height=\"663\" referrerpolicy=\"no-referrer\">Preston Byrne had an interesting take, pointing out that it would be<i>\"awesome Millennials and Gen Xers agreed to Gamestop the hell out of this and refuse to sell anything until the tax is repealed\"</i></p><p><blockquote>普雷斯顿·伯恩提出了一个有趣的观点,他指出这将是<i>“了不起的千禧一代和 X 世代同意游戏驿站,在税收被废除之前拒绝出售任何东西”</i></blockquote></p><p><img src=\"https://static.tigerbbs.com/1738fa9c61987f34d39ba3959aeac997\" tg-width=\"513\" tg-height=\"257\" referrerpolicy=\"no-referrer\">On a more ominous note, it would appear Silicon Valley's honeymoon with the Harris-Biden presidency could be ending fast as billionaire VC Tim Draper rage-tweeted that<b>the potential doubling of the capital gains rate could kill off American job creation</b>...</p><p><blockquote>更不祥的是,硅谷与哈里斯-拜登总统任期的蜜月期似乎可能很快结束,亿万富翁风险投资家蒂姆·德雷珀愤怒地在推特上表示<b>资本利得率可能翻倍可能会扼杀美国的就业机会</b>...</blockquote></p><p><img src=\"https://static.tigerbbs.com/ba1d31ec1d2eb2bf350d649672b9de3c\" tg-width=\"511\" tg-height=\"275\" referrerpolicy=\"no-referrer\">Draper does have a 'solution' to this tyrannical soak-the-rich scheme, tweeting that<b>the \"antidote for oppressive government and runaway taxes is... Bitcoin.\"</b></p><p><blockquote>德雷珀确实有一个“解决方案”来解决这个暴虐的吸收富人的计划,他在推特上写道<b>“压迫性政府和失控税收的解药是……比特币。”</b></blockquote></p><p></p><p><img src=\"https://static.tigerbbs.com/060345a06eeaa795e7383931d4457094\" tg-width=\"509\" tg-height=\"202\" referrerpolicy=\"no-referrer\">Finally, since none of this actually applies to the rich who invest via hedge funds which are <i><b>off</b></i> <i><b>shore</b></i> tax entities, here is a snapshot of the current mood in the Cayman Islands.</p><p><blockquote>最后,因为这些实际上都不适用于通过对冲基金进行投资的富人。<i><b>离开</b></i> <i><b>海岸</b></i>税务实体,以下是开曼群岛当前情绪的快照。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>\"Bitcoin Fixes This\": Silicon Valley Icon Slams \"Job-Crushing\" Biden Tax Plan, \"Oppressive Government\"<blockquote>“比特币解决了这个问题”:硅谷偶像猛烈抨击拜登“摧毁就业”税收计划、“压迫性政府”</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n\"Bitcoin Fixes This\": Silicon Valley Icon Slams \"Job-Crushing\" Biden Tax Plan, \"Oppressive Government\"<blockquote>“比特币解决了这个问题”:硅谷偶像猛烈抨击拜登“摧毁就业”税收计划、“压迫性政府”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-04-23 10:24</span>\n</p>\n</h4>\n</header>\n<article>\n<p>With stocks tumbling following the report that Joe Biden is considering a proposal that would double the capital gains tax, as investors dump in hopes of locking in existing cap gains rates - an exercise in futility if Biden and the socialists in Congress decide to make such a tax change retroactive to all of 2021 - Bloomberg quickly polled several Wall Street traders who focused on the policy’s implications for investing, and concluded that while it was too soon to panic, prospects of a higher levy on stock profits could spark near-term selling as investors look to skirt a higher rate.</p><p><blockquote>有报道称乔-拜登(Joe Biden)正在考虑一项将资本利得税提高一倍的提案,投资者纷纷抛弃锁定现有上限利得率的希望--如果拜登和国会中的社会主义者决定将这种税收变化追溯到2021年全年,这种做法将是徒劳的--彭博社很快调查了几位华尔街交易员,他们重点关注了该政策对投资的影响,并得出结论:虽然现在恐慌还为时过早,但随着投资者希望规避更高的税率,对股票利润征收更高税率的前景可能会引发近期抛售。</blockquote></p><p><i>The first impact would be people deciding they are either going to take their gains now to try to get ahead of it. You could see people pull forward their gains to this year. It would potentially reduce the flow of capital because people would be less willing to take gains and move onto something else.</i> <i><b>People would be less willing to trade if they had to pay a tax that high.</b></i><b>Chris Zaccarelli, chief investment officer for Independent Advisor Alliance</b></p><p><blockquote><i>第一个影响将是人们决定要么现在就利用他们的收益,试图超越它。你可以看到人们将他们的收益提前到今年。这可能会减少资本流动,因为人们不太愿意接受收益并转向其他事情。</i><i><b>如果人们不得不缴纳那么高的税,他们就不太愿意交易。</b></i><b>Chris Zaccarelli,独立顾问联盟首席投资官</b></blockquote></p><p><i>It will incentivize selling this year before it does anything else. In the years to come,</i> <i><b>it will probably discourage selling, to some extent, but may also discourage buying as well as people look at other things to do with their money</b></i> <i>.</i> <i><b>The higher the taxes, the less people are likely to participate in activities that cost them tax.</b></i><b>Dan Suzuki, Richard Bernstein Advisors LLC’s deputy chief investment officer</b></p><p><blockquote><i>它将在采取任何其他措施之前激励今年的销售。在未来的岁月里,</i><i><b>在某种程度上,这可能会阻碍卖出,但也可能阻碍买入,因为人们会把钱放在其他事情上</b></i><i>.</i><i><b>税收越高,人们就越不可能参与需要缴税的活动。</b></i><b>丹·铃木,Richard Bernstein Advisors LLC 副首席投资官</b></blockquote></p><p><i>It’s more aggressive than what people were expecting. I would personally fade the reaction though</i> <i><b>. Seems very unlikely that it will pass in its current state, so it would be heavily diluted.</b></i><b>Sameer Samana, Wells Fargo Investment Institute’s senior global market strategist</b></p><p><blockquote><i>它比人们想象的更具侵略性。我个人会淡化这种反应</i><i><b>它似乎不太可能以目前的状态通过,因此它将被严重稀释。</b></i><b>Sameer Samana,富国银行投资研究所高级全球市场策略师</b></blockquote></p><p><i>If this is the start of less market-friendly policies, it could make the gains from here a lot choppier.</i> <i><b>We worry less about an increase in corporate tax rates and more about capital gains taxes/changes in stepped up basis.</b></i> <i>Those latter two have a much more chilling and direct effect on how people invest.</i><b>Max Gokhman, head of asset allocation at Pacific Life Fund Advisors</b></p><p><blockquote><i>如果这是对市场不太友好的政策的开始,这可能会使这里的收益更加不稳定。</i><i><b>我们不太担心公司税率的提高,而更担心资本利得税/税基的变化。</b></i><i>后两者对人们的投资方式有着更加令人不寒而栗和直接的影响。</i><b>Max Gokhman,太平洋人寿基金顾问公司资产配置主管</b></blockquote></p><p><i>I don’t think anyone is truly surprised that Biden is unveiling a cap gains tax, but what few people expected is that he’d do it so soon and in this magnitude.</i> <i><b>Unless it’s effective retroactively for 2021, it’s likely to be a 2022 rule -- in that case you will see at least marginal selling this year.</b></i> <i>And while retail investors get a lot of press right now for being a dominant force in day-to-day volume, the reality is that most stocks held by individuals are held by the wealthiest ones.</i><b>Kim Forrest, chief investment officer of Bokeh Capital Partners</b></p><p><blockquote><i>我认为没有人会对拜登公布上限利得税感到真正惊讶,但很少有人预料到他会这么快、这么大规模地这样做。</i><i><b>除非它在 2021 年追溯生效,否则它很可能成为 2022 年的规则--在这种情况下,今年至少会出现边际销售。</b></i><i>虽然散户投资者现在因为是日常交易量的主导力量而受到很多媒体的关注,但现实情况是,个人持有的大多数股票都由最富有的人持有。</i><b>Kim Forrest,Bokeh Capital Partners 首席投资官</b></blockquote></p><p><i>Prices are set by the balance of buyers and sellers so if you have more incentive to be a more active trader to reduce taxes, that’s going to put limits on how high stocks can go because there will be more sellers. And that’s the market mechanism on any given day. I’m not saying that ultimately but you’re artificially creating sales.</i><b>Chris Grisanti, chief equity strategist at MAI Capital Management</b></p><p><blockquote><i>价格是由买卖双方的平衡决定的,因此,如果你有更多的动力成为一个更积极的交易者来减少税收,这将限制股票的涨幅,因为会有更多的卖家。这就是任何一天的市场机制。我最终不是这么说的,但你是在人为地创造销售。</i><b>Chris Grisanti,MAI Capital Management 首席股票策略师</b></blockquote></p><p><i><b>The devil will be in the details -- will it be retroactive to January 1 of this year and then you wouldn’t need to sell right away? Will it be the beginning of next year? That all begs the question, will it get passed?</b></i> <i>With taxes especially there’s a lot of horse trading before the final deal. There are a lot of moving parts. One thing investors can be sure of is that taxes are going up and we have to at least partially pay for all the money we’ve been spending on stimulus.</i><b>Dave Portnoy,</b><b><i>Owner of DDTG Global</i></b></p><p><blockquote><i><b>细节决定成败--是否可以追溯到今年 1 月 1 日,然后您就不需要立即出售了?会是明年初吗?这一切都回避了一个问题,它会通过吗?</b></i><i>尤其是在税收方面,在最终交易之前有很多交易。有很多活动部件。投资者可以肯定的一件事是,税收正在上涨,我们必须至少部分支付我们在刺激经济上花费的所有资金。</i><b>戴夫·波特诺伊,</b><b><i>DDTG Global 所有者</i></b></blockquote></p><p><img src=\"https://static.tigerbbs.com/b6e835520d729a1d0c7be7bef75bba1c\" tg-width=\"516\" tg-height=\"663\" referrerpolicy=\"no-referrer\">Preston Byrne had an interesting take, pointing out that it would be<i>\"awesome Millennials and Gen Xers agreed to Gamestop the hell out of this and refuse to sell anything until the tax is repealed\"</i></p><p><blockquote>普雷斯顿·伯恩提出了一个有趣的观点,他指出这将是<i>“了不起的千禧一代和 X 世代同意游戏驿站,在税收被废除之前拒绝出售任何东西”</i></blockquote></p><p><img src=\"https://static.tigerbbs.com/1738fa9c61987f34d39ba3959aeac997\" tg-width=\"513\" tg-height=\"257\" referrerpolicy=\"no-referrer\">On a more ominous note, it would appear Silicon Valley's honeymoon with the Harris-Biden presidency could be ending fast as billionaire VC Tim Draper rage-tweeted that<b>the potential doubling of the capital gains rate could kill off American job creation</b>...</p><p><blockquote>更不祥的是,硅谷与哈里斯-拜登总统任期的蜜月期似乎可能很快结束,亿万富翁风险投资家蒂姆·德雷珀愤怒地在推特上表示<b>资本利得率可能翻倍可能会扼杀美国的就业机会</b>...</blockquote></p><p><img src=\"https://static.tigerbbs.com/ba1d31ec1d2eb2bf350d649672b9de3c\" tg-width=\"511\" tg-height=\"275\" referrerpolicy=\"no-referrer\">Draper does have a 'solution' to this tyrannical soak-the-rich scheme, tweeting that<b>the \"antidote for oppressive government and runaway taxes is... Bitcoin.\"</b></p><p><blockquote>德雷珀确实有一个“解决方案”来解决这个暴虐的吸收富人的计划,他在推特上写道<b>“压迫性政府和失控税收的解药是……比特币。”</b></blockquote></p><p></p><p><img src=\"https://static.tigerbbs.com/060345a06eeaa795e7383931d4457094\" tg-width=\"509\" tg-height=\"202\" referrerpolicy=\"no-referrer\">Finally, since none of this actually applies to the rich who invest via hedge funds which are <i><b>off</b></i> <i><b>shore</b></i> tax entities, here is a snapshot of the current mood in the Cayman Islands.</p><p><blockquote>最后,因为这些实际上都不适用于通过对冲基金进行投资的富人。<i><b>离开</b></i> <i><b>海岸</b></i>税务实体,以下是开曼群岛当前情绪的快照。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.zerohedge.com/markets/stunned-wall-street-responds-bidens-shock-proposal-double-cap-gains-tax\">zerohedge</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index","SPY":"标普500ETF"},"source_url":"https://www.zerohedge.com/markets/stunned-wall-street-responds-bidens-shock-proposal-double-cap-gains-tax","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120089535","content_text":"With stocks tumbling following the report that Joe Biden is considering a proposal that would double the capital gains tax, as investors dump in hopes of locking in existing cap gains rates - an exercise in futility if Biden and the socialists in Congress decide to make such a tax change retroactive to all of 2021 - Bloomberg quickly polled several Wall Street traders who focused on the policy’s implications for investing, and concluded that while it was too soon to panic, prospects of a higher levy on stock profits could spark near-term selling as investors look to skirt a higher rate.The first impact would be people deciding they are either going to take their gains now to try to get ahead of it. You could see people pull forward their gains to this year. It would potentially reduce the flow of capital because people would be less willing to take gains and move onto something else. People would be less willing to trade if they had to pay a tax that high.Chris Zaccarelli, chief investment officer for Independent Advisor AllianceIt will incentivize selling this year before it does anything else. In the years to come, it will probably discourage selling, to some extent, but may also discourage buying as well as people look at other things to do with their money . The higher the taxes, the less people are likely to participate in activities that cost them tax.Dan Suzuki, Richard Bernstein Advisors LLC’s deputy chief investment officerIt’s more aggressive than what people were expecting. I would personally fade the reaction though . Seems very unlikely that it will pass in its current state, so it would be heavily diluted.Sameer Samana, Wells Fargo Investment Institute’s senior global market strategistIf this is the start of less market-friendly policies, it could make the gains from here a lot choppier. We worry less about an increase in corporate tax rates and more about capital gains taxes/changes in stepped up basis. Those latter two have a much more chilling and direct effect on how people invest.Max Gokhman, head of asset allocation at Pacific Life Fund AdvisorsI don’t think anyone is truly surprised that Biden is unveiling a cap gains tax, but what few people expected is that he’d do it so soon and in this magnitude. Unless it’s effective retroactively for 2021, it’s likely to be a 2022 rule -- in that case you will see at least marginal selling this year. And while retail investors get a lot of press right now for being a dominant force in day-to-day volume, the reality is that most stocks held by individuals are held by the wealthiest ones.Kim Forrest, chief investment officer of Bokeh Capital PartnersPrices are set by the balance of buyers and sellers so if you have more incentive to be a more active trader to reduce taxes, that’s going to put limits on how high stocks can go because there will be more sellers. And that’s the market mechanism on any given day. I’m not saying that ultimately but you’re artificially creating sales.Chris Grisanti, chief equity strategist at MAI Capital ManagementThe devil will be in the details -- will it be retroactive to January 1 of this year and then you wouldn’t need to sell right away? Will it be the beginning of next year? That all begs the question, will it get passed? With taxes especially there’s a lot of horse trading before the final deal. There are a lot of moving parts. One thing investors can be sure of is that taxes are going up and we have to at least partially pay for all the money we’ve been spending on stimulus.Dave Portnoy,Owner of DDTG GlobalPreston Byrne had an interesting take, pointing out that it would be\"awesome Millennials and Gen Xers agreed to Gamestop the hell out of this and refuse to sell anything until the tax is repealed\"On a more ominous note, it would appear Silicon Valley's honeymoon with the Harris-Biden presidency could be ending fast as billionaire VC Tim Draper rage-tweeted thatthe potential doubling of the capital gains rate could kill off American job creation...Draper does have a 'solution' to this tyrannical soak-the-rich scheme, tweeting thatthe \"antidote for oppressive government and runaway taxes is... Bitcoin.\"Finally, since none of this actually applies to the rich who invest via hedge funds which are off shore tax entities, here is a snapshot of the current mood in the Cayman Islands.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,"SPY":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1007,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/376733629"}
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