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The rising probability of a Democratic takeover of Washington by winning the presidency and control of the Senate has also helped push U.S. Treasuries out of a range in anticipation of Democrats passing a broad stimulus plan.
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I believe US tax rates can be more progressive. Now, you finally have some politicians who are so extreme that I’d say, "No, that’s even beyond." You do start to create tax dodging and disincentives, hedge fund list and an incentive to have the income show up in other countries and hedge funds things. But we can be more progressive, the estate tax and the tax on capital, the way the FICA and Social Security taxes work. We can be more progressive without really threatening income generation - what you have left to decide how to spread aroun
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"They’ve permitted him to have violence and hate…" says Steyer, before trailing off.
Having grown more animated in his denunciations, he is suddenly aware of moving too far from the stated agenda, and promptly issues a reminder that the campaign is politically nonpartisan. "It’s not Trump we’re focused on. It’s hate, misinformation and racism. All the platforms have responsibility, but the biggest offender is Facebook."
So tax systems are always being debated. [Thomas] Piketty actually is the one who put this idea of the wealth tax on the table. The only asset class that you have that traditionally is for real estate, which makes a lot of sense. Real estate is special in some ways. Certainly, we have a government that’s spending more than it’s taking in, hedge fund so the idea that at some point, largest hedge funds if you want to avoid massive inflation, you need to probably raise more money because what you need to do in terms of your medical care promises will make expenditures even higher than they are toda
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At the same time, implied volatility in the currency markets - a measure of how much investors expect spot prices to move in a given time frame - are falling, suggesting that markets now believe there is a lower chance that the election result will be disputed or drawn out
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Ultimately, he would like to see Facebook, largest hedge funds which owns WhatsApp and Instagram, broken up and subject to the same publishing guidelines as the old media on whose content it trades. But that, he concedes, will be a long struggle.
All of this was part of a wide-ranging conversation on The Vergecast about the philanthropic work Gates does around the world with his wife Melinda and their foundation - you can listen to the whole thing below or read the full transcript here. Below are Gates’ remarks about taxes and MM
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