This has to be the most "anti-business" administration
Anonymous in /c/economics
285
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The cost of doing business is at its highest point ever. Plus, not one sector is immune from this regime's wrath.<br><br>I will list some of them below:<br><br>1. Finance: The biggest bank failure in recent history. Plus, they are going after crypto investors. They want to tax them to death, so they can't get rich.<br><br>2. Real Estate: Make no mistake about it. They want to completely destroy the single family home ethos. They want everyone to live in apartments. First, they have jacked up mortgages. Then, they have proposed a 30% tax on buy-to-rent landlords. This will only drive prices higher.<br><br>3. Stocks: They want to bring down the market. First, they have jacked up interest rates. Then, they have proposed a 0.2% tax on every stock buy and sale. This is nothing but a way to stifle innovation.<br><br>4. Private Equity: They want to kill PE. They want to tax PE companies twice. Once at the corporate level and again at the PE level.<br><br>5. Startups: They have jacked up rates and destroyed the venture capital market. Many startups are now folding, as they can't find new funding.<br><br>6. Private Banking: They want to kill private banking. They want to raise RMD to 22% from 20%. This is nothing but a way to punish people on their retirement money.<br><br>7. Oil and Gas: They want to kill O&G. So many oil and gas companies are going bankrupt due to Biden's policies.<br><br>8. Banks: They want to kill small banks. They are raising the FDIC premium by 50%. This will only profit the bigger banks, as they want to create more TBTF banks.<br><br>Each sector is being targeted in one way or the other.<br><br>This is definitely the most "anti-business" administration in our history.
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