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This isn't about racing the rich. It's about propping up the US dollar and kicking the can down the road. Think about it. "Rich people would have to tank the m
by big-green-man 2y ago
This isn't about racing the rich. It's about propping up the US dollar and kicking the can down the road.
Think about it. "Rich people would have to tank the market yearly just to pay their taxes." Except they wouldn't do that. They'd store the tax rate on their expected gain in dollars. That puts a significant demand on USD. Every year, spending a portion of their revenue by parking it in a bank waiting for Jan 1st. That's what it is about.