Comments by "Hari Sadu" (@harisadu8998) on "Jim Cramer on reports that President Biden is planning first major federal tax hike since 1993" video.

  1. Taxing the rich is a stupid idea aimed only at making a moral statement. When you raise taxes for the rich and then cut for the middle class and lower middle class, your tax cut on the bottom-side ends up being larger than that at the top. America is not actually serious about raising revenue. Sweden, whom everyone loves to quote has a marginal tax rate of 52% at an income level of $60000. For the same level of income, the tax rate may be around 27%
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  2. America can issue debt and print money in its own currency. This behaviour has led them to feel that they're invincible. So nothing will be done about until they're well and truly broke.
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