Alitoh
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“摧毁就业”的拜登税收计划和“暴虐的政府”</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拿走他们的收益,试图超越它。你可以看到人们将收益提前到今年。这可能会减少资本流动,因为人们不太愿意获取收益并转向其他领域。</i><i><b>如果人们不得不支付那么高的税,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>它将在做其他事情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,这可能会阻止人们出售,但也可能会阻止人们购买,就像人们看着他们的钱做其他事情一样</b></i><i>.</i><i><b>税收越高,人们参与需要纳税的活动的可能性就越小。</b></i><b>Dan Suzuki,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。不过我个人会淡化这种反应</i><i><b>以目前的状态,它似乎不太可能通过,所以它会被严重稀释。</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,可能会使此后的收益更加波动。</i><i><b>我们不太担心公司税率的上升,更担心资本利得税/递增基础的变化。</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>我认为没有人真正对拜登推出上限收益税感到惊讶,但很少有人预料到他会这么快就这么做,而且规模如此之大。</i><i><b>除非它对2021年追溯有效,否则它很可能是2022年的规则——在这种情况下,你今年至少会看到边际抛售。</b></i><i>尽管散户投资者目前因成为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是由最富有的人持有的。</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>价格是由买家和卖家的平衡决定的,所以如果你有更多的动力成为更积极的交易者来减税,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。我不是说最终,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——它会追溯到今年1月1日,然后你就不需要马上出售了吗?会是明年年初吗?这就引出了一个问题,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讨价还价的机会。有很多活动部件。投资者可以肯定的一件事是,税收正在上升,我们必须至少部分支付我们在刺激上花费的所有资金。</i><b>戴夫·波特诺伊,</b><b><i>DDTG Global的所有者</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·伯恩有一个有趣的观点,指出这将是<i>“令人敬畏的千禧一代和X一代同意游戏驿站摆脱这一切,并拒绝出售任何东西,直到税收被废除”</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似乎可能会很快结束,亿万富翁风险投资家蒂姆·德雷珀(Tim Draper)在推特上愤怒地表示<b>资本利得率可能翻倍可能会扼杀美国的就业创造</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”来解决这个暴虐的富人计划,他在推特上写道<b>“暴虐政府和逃税的解药是……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,由于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,这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“摧毁就业”的拜登税收计划和“暴虐的政府”</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“摧毁就业”的拜登税收计划和“暴虐的政府”</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·拜登正在考虑一项将资本利得税提高一倍的提案后,股市暴跌,投资者纷纷抛售,希望锁定现有的上限利得税率——如果拜登和国会中的社会党人决定这样做,这种做法将是徒劳的。税收变化追溯到2021年全年——彭博社迅速对几位华尔街交易员进行了民意调查,他们重点关注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,但对股票利润征收更高税的前景可能会引发近期抛售,因为投资者希望规避更高的税率。</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拿走他们的收益,试图超越它。你可以看到人们将收益提前到今年。这可能会减少资本流动,因为人们不太愿意获取收益并转向其他领域。</i><i><b>如果人们不得不支付那么高的税,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>它将在做其他事情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,这可能会阻止人们出售,但也可能会阻止人们购买,就像人们看着他们的钱做其他事情一样</b></i><i>.</i><i><b>税收越高,人们参与需要纳税的活动的可能性就越小。</b></i><b>Dan Suzuki,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。不过我个人会淡化这种反应</i><i><b>以目前的状态,它似乎不太可能通过,所以它会被严重稀释。</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,可能会使此后的收益更加波动。</i><i><b>我们不太担心公司税率的上升,更担心资本利得税/递增基础的变化。</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>我认为没有人真正对拜登推出上限收益税感到惊讶,但很少有人预料到他会这么快就这么做,而且规模如此之大。</i><i><b>除非它对2021年追溯有效,否则它很可能是2022年的规则——在这种情况下,你今年至少会看到边际抛售。</b></i><i>尽管散户投资者目前因成为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是由最富有的人持有的。</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>价格是由买家和卖家的平衡决定的,所以如果你有更多的动力成为更积极的交易者来减税,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。我不是说最终,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——它会追溯到今年1月1日,然后你就不需要马上出售了吗?会是明年年初吗?这就引出了一个问题,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讨价还价的机会。有很多活动部件。投资者可以肯定的一件事是,税收正在上升,我们必须至少部分支付我们在刺激上花费的所有资金。</i><b>戴夫·波特诺伊,</b><b><i>DDTG Global的所有者</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·伯恩有一个有趣的观点,指出这将是<i>“令人敬畏的千禧一代和X一代同意游戏驿站摆脱这一切,并拒绝出售任何东西,直到税收被废除”</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似乎可能会很快结束,亿万富翁风险投资家蒂姆·德雷珀(Tim Draper)在推特上愤怒地表示<b>资本利得率可能翻倍可能会扼杀美国的就业创造</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”来解决这个暴虐的富人计划,他在推特上写道<b>“暴虐政府和逃税的解药是……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,由于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,这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":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","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":{"SPY":0.9,".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":366,"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":7,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/376731123"}
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