MAGA caller says he likes Trump policies, but can't name 1 policy live on the air

[LeftofLeft]

What? What was the Inflation Reduction Act?

She said she plans to address price gouging. So corporate welfare is good.

The inflation

Analysis of Harris’s Billionaire Minimum Tax on Unrealized Capital Gains

In her campaign for president, VP Kamala Harris has embraced all the tax increases President Biden proposed in the White House FY 2025 budget—including a new idea that would require taxpayers with net wealth above $100 million to pay a minimum tax on their unrealized capital gains from assets...

taxfoundation.org

We already have capital gains taxes and investors still invest. I don’t know why you think it would be advantageous to keep cash on their sidelines. Investors are smarter than that.

investors are smarter than that… the upside of investing money that has already been taxed and to assume the risk that goes with investing is the capital appreciation and paying capital gains tax upon the sale of the investment. Continuous/annual paying another layer of taxes introduces more risk and strain on the cash flow compared to paying gains upon the sale of the investment. I don’t know how and why you think the level of investment will stay the same if Harris plan goes into effect and why/how that is good for Capital markets. You mentioned earlier that investors holding a stock for the long-term is “tax avoidance”. They still pay a tax when they sell and it is good for the stock that investors are holding.

This is a bad plan.

 

[Marener]

Haha yea I guess it was worse when they were laid off during a global pandemic

Harris and xiden’s polcies are comparable to that time

It’s currently better than 2017 and 2018.

What did you mean by “record”, exactly?

 

[Marener]

investors are smarter than that… the upside of investing money that has already been taxed and to assume the risk that goes with investing is the capital appreciation and paying capital gains tax upon the sale of the investment. Continuous/annual paying another layer of taxes introduces more risk and strain on the cash flow compared to paying gains upon the sale of the investment. I don’t know how and why you think the level of investment will stay the same if Harris plan goes into effect and why/how that is good for Capital markets. You mentioned earlier that investors holding a stock for the long-term is “tax avoidance”. They still pay a tax when they sell and it is good for the stock that investors are holding.

So what are the going to do with the money if not invest it?

Only a moron would stick it in a mattress. These wealthy individuals are not morons.

 

[LeftofLeft]

So what are the going to do with the money if not invest it?

Only a moron would stick it in a mattress. These wealthy individuals are not morons.

Only a moron is going to invest in a stock where the risk and costs (continued annual unrealized capital gains taxes) outweigh the benefits of a potential return. I’m not saying ALL investors would not invest under this plan but I am saying more investors would stay away under her plan and/or seek alternative investments.

You still haven’t provided why and how this is good or at least inconsequential for capital markets.

 

[Marener]

Only a moron is going to invest in a stock where the risk and costs (continued annual unrealized capital gains taxes) outweigh the benefits of a potential return. I’m not saying ALL investors would not invest under this plan but I am saying more investors would stay away under her plan and/or seek alternative investments.

You still haven’t provided why and how this is good or at least inconsequential for capital markets.

But it doesn’t actually change the benefits because all they do is change when capital gains are assessed.

It’s not supposed to be good for capital markets. It’s good for the federal debt. You know. That thing that we keep adding to.

 

[LeftofLeft]

Analysis of Harris’s Billionaire Minimum Tax on Unrealized Capital Gains

In her campaign for president, VP Kamala Harris has embraced all the tax increases President Biden proposed in the White House FY 2025 budget—including a new idea that would require taxpayers with net wealth above $100 million to pay a minimum tax on their unrealized capital gains from assets...

taxfoundation.org

From the article you shared, it expands on the negative impacts I touched on such as discouraging angel investing, entrepreneurship, and, from a tax perspective, is an unstable, unreliable source of revenue.

 

[Marener]

From the article you shared, it expands on the negative impacts I touched on such as discouraging angel investing, entrepreneurship, and, from a tax perspective, is an unstable, unreliable source of revenue.

It’s their opinion, and they’re pretty much against any tax increases in general.

I’m not actually a big fan of it either and would have alternatives to address this issue. The ultra wealthy have distorted the tax code greatly and we should be thinking of new strategies.

 

[Rambunctious]

What is Fat Elvis' plan for healthcare?

What is his economic plan? To tax Ghina with tariffs that he thinks that country pays?

What is his policy to reduce the price of eggs?

Go to Trump's site he has it all on his website...
But since you won't because you are dumb I will tell you... to stop this war on fossil fuels and to stop fighting with energy producers in court and allow us to drill where we want and where we need to.... to become energy independent... bingo prices for everything will fall...
Healthcare plan is to get government out and allow for competition in healthcare...

 

[otto105]

Go to Trump's site he has it all on his website...
But since you won't because you are dumb I will tell you... to stop this war on fossil fuels and to stop fighting with energy producers in court and allow us to drill where we want and where we need to.... to become energy independent... bingo prices for everything will fall...
Healthcare plan is to get government out and allow for competition in healthcare...

Is it this...a nothingburger of bullshit.

Healthcare​

Agenda47 places a focus on pharmaceuticals and medical devices manufactured within the U.S.

Under the plan, essential medical devices and medicines would be manufactured in the U.S. and federal agencies would be required to “Buy American" to prevent shortages.

It also calls for an increase in the production of drugs domestically, bans agencies from other countries from buying "essential drugs" and demands that pharmaceutical companies only be paid the “best price they offer to foreign nations.”

WTF

 

[Marener]

Healthcare plan is to get government out and allow for competition in healthcare...

What does that mean? No more Medicare?

 

[Rambunctious]

Is it this...a nothingburger of bullshit.

Healthcare​

Agenda47 places a focus on pharmaceuticals and medical devices manufactured within the U.S.

Under the plan, essential medical devices and medicines would be manufactured in the U.S. and federal agencies would be required to “Buy American" to prevent shortages.

It also calls for an increase in the production of drugs domestically, bans agencies from other countries from buying "essential drugs" and demands that pharmaceutical companies only be paid the “best price they offer to foreign nations.”

WTF

No its not nothing dummy... remember when we didn't have enough masks or ventilators because they were made in China?.... we also faced heart medicine and BP med shortages because they are made in China... first things first... fix what's not working... he also wants drug companies to sell to us what they charge other nations... the American people are subsidizing drugs for other countries.... and that has to stop...

 

[Rambunctious]

What does that mean? No more Medicare?

No it means pull back on regulation...

 

[Marener]

No it means pull back on regulation...

What regulation specifically?

Like less drug safety testing from the FDA?

 

[Rambunctious]

What regulation specifically?

Like less drug safety testing from the FDA?

Government regulations have contributed to higher healthcare costs in a number of ways, including:
For one thing Consolidation of markets: Government policies have led to the consolidation of health care markets, which has reduced the number of independent medical practices and limited patient choices.....

 

[Marener]

Government regulations have contributed to higher healthcare costs in a number of ways, including:
For one thing Consolidation of markets: Government policies have led to the consolidation of health care markets, which has reduced the number of independent medical practices and limited patient choices.....

What regulations exactly?

 

[LeftofLeft]

It’s their opinion, and they’re pretty much against any tax increases in general.

I’m not actually a big fan of it either and would have alternatives to address this issue. The ultra wealthy have distorted the tax code greatly and we should be thinking of new strategies.

UnRealized Capital Gains Taxes is not a good new strategy.

 

[Rambunctious]

What regulations exactly?

Regulation that Consolidates markets... it makes everything cost more... do I have to put it in brail for you?...

 

[Rambunctious]

Marener

The Truth About Government-Controlled Health Care

Washington’s health policy decisions directly affect the life and well-being of every American.

www.heritage.org

 

[Marener]

Regulation that Consolidates markets... it makes everything cost more... do I have to put it in brail for you?...

And what regulations consolidate market?

 

[Rambunctious]

Marener Did you know government places a limit on new specialists?... have you ever had to wait months to see one?... this also raises the cost of going to a specialist...