Taxing Unrealized Gains Would Obliterate The U.S. Economy
by Zero Hedge
Zero Hedge— Taxing Unrealized Gains Would Obliterate The U.S. Economy Submitted by QTR's Fringe Finance Having used up all of the rest of the batshit, insane, counterintuitive economic dirty tricks left in the "we'll literally do anything but cut spending" bag, the Biden administration is pushing what could be the most destructive idea for our country since prohibition: taxing unrealized gains. As part of its budget proposal for the 2025 fiscal year, the Biden administration is trying to...
www.counterpunch.org—The U.S. Economy is Not What It’s Cracked Up To Be. How will Biden conceal the inflation rampaging throughout his term? The latest scheme appears to be draining the Strategic Petroleum Reserve to the last drop. It’s already down to 17 percent, because Biden opened the spigot when his idiotic sanctions on Russian energy back in 2022 boosted prices at the pump into the stratosphere, always a terrifying development for homo politicus. Biden tamed gas prices by emptying most of the SPR. Now he may finish it off, because no, he can’t have gas prices...
RussiaFeed—U.S. foreign policy isolates the U.S.. https://youtu.be/WWi-dhKxLFA
Fortune—The U.S. economy is actually a ‘wolf in sheep’s clothing’ as the weak GDP report masks underlying strength, Wells Fargo says. "Higher rates are intended to cool consumer demand; the trouble for the Fed is: it's not working."