- April 23, 2021
- Posted by: admin
- Category: Fiat
Capital Gains Tax Biden Administration?
The rise of US long-term bond yields explains the underperformance of emerging equities (-1.7% for the MSCI Emerging index in dollars). With investors seeking better returns adoption of Bitcoin ETFs and crypto company listings (IPOs) gain increasing attraction.
The MSCI Emerging Markets Index captures large and mid-cap representation across 27 Emerging Markets (EM) countries. The index covers approximately 85% of the free float-adjusted market capitalization in each country included.
Coverage of the relevant investment opportunity set with a strong emphasis on index liquidity, investment ability, and replicability.
What is Capital Gains Tax?
A capital gains tax is levied on the profit made from selling an asset and is often in addition to corporate income taxes, frequently resulting in double taxation. Capital gains taxes create a bias against saving, leading to a lower level of national income by encouraging present consumption over investment.
The Biden Administration Policy Direction
Will the wealthy just pass on the tax burden?
In the case of personal taxation, taking money from the rich and giving it to the less well off benefits corporations. Why?
- consumers typically immediately spend their money,
- which stimulates the economy (corporations)
- offset by the benefits of social programs, etc
Technocratic Society the future of finance
In a world-driven economic policy, social outcomes and political dispute the future belongs to the most focused.
With technology companies such as Apple, Amazon, and Verizon expanding their footprint across the globe a new era in technological governance propagates. The divide in information technology skills (those that know and those that do not know) is growing and is accelerated through technology advances like blockchain.
With blockchain integrating finance and information technology the era the rise of technocratic government is inevitable. The discussion of centralized algorithms within the social media ecosystem has affected political views with access to information being restricted by a central authority.
No longer is there trust without blockchain
Hidden Funds: The Market Reacts
Fluctuations within the cryptocurrency market have been a common event (all markets have a cycle). However, with the recent institutional money invested and the IPO of Coinbase (Crypto Exchange), it is likely that market adoption of cryptocurrencies will be accelerated.
With data suggesting bitcoin supply is decreasing and fewer miners are sellers in the market.
Bitcoin Supply: Miner Tracking
The inception of the banking system around 1401, with the oldest bank still operational Banca Monte dei Paschi di Siena, headquartered in Siena (Italy) was the start of the financial system.
He pushed hard for a British-style central federalist system, created the first central bank in the US, and was the 1st US Secretary of the Treasury.
A system truly governed and owned by the elite Bitcoin, a peer-to-peer payment network held by the community (the consumer). In 2009, the establishment of an internal fortified system capable of replacing banking services called Bitcoin.
No longer a subject of central bank policies, a servant of the “old era”. A new decentralized, secure global network able to function independently of the financial system.
The inclusion of a market subjected to poor monetary and fiscal policies that aim to benefit central authorities. No longer do developing nations have to rely on the exchange rate or inflated money supplies.
Bitcoin, a win for consumers!