Tuesday, November 24, 2020

The part of the sequence in which we have huge tax battles

Rich Americans Scrambling To Buy 'Golden Passports' To Second Country

The global economy is a snake of super wealthy avoiding taxes. They wind around, moving themselves and capital to minimize unexpected tax jolts.

They and the tax agents have started the cat and mouse, and it goes on for at least a quarter. maybe two. It is a higher energy level events because it requires coordination with California, which has opposite spin in the Pauli sense.  Last time it all boiled down to an income tax referendum in California, followed by last hour tax deal in the Swamp.  We have to do that, at a minimum, but it is now complicated by union battles and Swift banker rebellion. Made worse by the loss of so many tax hikes this election.

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