04-23-2021, 05:06 AM
Why you shouldn’t be worried about this scary tax news
<!-- SC_OFF --><div class="md"><p>Today was nuts. Everything was up. ETH was hitting record highs and everyone was celebrating, and then we get news about the potential insane tax hikes. </p> <p>Next thing you know, stocks AND crypto tank. </p> <p>I’m not going to get into the nuances of the tax bill, but here’s why you shouldn’t be worried:</p> <ol> <li><p>It’s not even based off a press conference or anything. Just a rumor Bloomberg published. Yes, I know Biden said he wanted 38%, but he’s a puss and also said “he’s open to negotiation”</p></li> <li><p>We haven’t even seen the details (again, because it was a rumor)</p></li> <li><p>If it IS true, it’d have to pass the house. There’s a decent chance it’d pass the house IMO, but there’s also a chance the super progressive members would want more from the bill.</p></li> <li><p>EVEN IF it passes the house, do you think Joe Manchin will go for it? The guy who just turned town a minimum wage increase for the whole counter? LOL</p></li> </ol> <p>Listen, the progressive in me hopes the tax thing goes through IF they’re going to actually use the money properly.</p> <p>But the realist and investor in me knows that this country runs on capitalism, and that’s where the power is. </p> <p>As someone from Las Vegas, I give this whole fiasco a 3% probability of actually happening. There’s a 97% chance everyone is freaking out over nothing.</p> <p>This isn’t financial advice, but all I know is that I got some cheap ass coins today.</p> <p>Edit: some people think I should have mentioned the tax hike only affects millionaires. I didn’t find that necessary for this post because my point is that it’s probably not going to pass anyways because the millionaires are in control.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/mstzbootman"> /u/mstzbootman </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mweyfp/why_you_shouldnt_be_worried_about_this_scary_tax/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mweyfp/why_you_shouldnt_be_worried_about_this_scary_tax/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Today was nuts. Everything was up. ETH was hitting record highs and everyone was celebrating, and then we get news about the potential insane tax hikes. </p> <p>Next thing you know, stocks AND crypto tank. </p> <p>I’m not going to get into the nuances of the tax bill, but here’s why you shouldn’t be worried:</p> <ol> <li><p>It’s not even based off a press conference or anything. Just a rumor Bloomberg published. Yes, I know Biden said he wanted 38%, but he’s a puss and also said “he’s open to negotiation”</p></li> <li><p>We haven’t even seen the details (again, because it was a rumor)</p></li> <li><p>If it IS true, it’d have to pass the house. There’s a decent chance it’d pass the house IMO, but there’s also a chance the super progressive members would want more from the bill.</p></li> <li><p>EVEN IF it passes the house, do you think Joe Manchin will go for it? The guy who just turned town a minimum wage increase for the whole counter? LOL</p></li> </ol> <p>Listen, the progressive in me hopes the tax thing goes through IF they’re going to actually use the money properly.</p> <p>But the realist and investor in me knows that this country runs on capitalism, and that’s where the power is. </p> <p>As someone from Las Vegas, I give this whole fiasco a 3% probability of actually happening. There’s a 97% chance everyone is freaking out over nothing.</p> <p>This isn’t financial advice, but all I know is that I got some cheap ass coins today.</p> <p>Edit: some people think I should have mentioned the tax hike only affects millionaires. I didn’t find that necessary for this post because my point is that it’s probably not going to pass anyways because the millionaires are in control.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/mstzbootman"> /u/mstzbootman </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mweyfp/why_you_shouldnt_be_worried_about_this_scary_tax/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mweyfp/why_you_shouldnt_be_worried_about_this_scary_tax/">[comments]</a></span>Kind Regards R