In Huge Letdown For Historically Oppressed Rich People, Trump Rules Out Capital Gains Tax Change
In another body blow for the downtrodden 0.1% (who everyone knows have suffered mightily under Donald Trump's Aristocracy-Kleptocracy combo regime), the White House has ruled out indexing capital gains to inflation - at least for now.
On Wednesday, Trump was scheduled to meet with his economic team to discuss the proposal for the umpteenth time.
It's got the backing of Republicans and would be yet another boon for the rich on top of the president's original tax cuts.
Read more: Trump, Economi
Or someone suggested that there would be a stampede to the exits to lock in the benefit while it exists and so send the market into a tailspin.
Yeah, that’s what I’d expect – big selling pressure. Followed by extreme anxiety during litigation over the validity of the indexing. Oh woe would have been the shareholder classes.
Trump just publicly telling his base he’s on their side against elites (like himself). Pre election campaigning.