Well on this, I can agree with Ray Dalio.
In a note in mid-March investor Ray Dalio argued that the United States is on a path to being “inhospitable to capitalism” because of a “new paradigm” of “shocking tax changes” put in place to pay for the fiscal response to Covid-19.
https://blockworks.co/theres-no-merit-to-that-80-crypto-capital-gains-tax-rumor/
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No doubt about it. The problem is that the debt being generated is not growing the economy so it is bad debt.
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Without a doubt.
The debt that is around the world is strangling the global economy. It is bad in the United States because we are falling so far behind the historic curve. Crypto is actually a means to freeing up the cash to innovate. Of course, the government is going to try and squash that.
Either way, we just have to keep building and developing since the economy looks like it is going to be mired in the same 1%-3% range it was for the last decade+.
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