America Is Turning Into Europe & We Just Don’t Know It Yet: The Grim Future of Tax

“President Biden’s tax plans might soon make Europe look like a capitalist heaven by comparison. He wants to raise the long-term capital-gains tax from just below 24% to above 43%.”

These words, from a recent Wall Street Journal article ring very true, and are also very concerning as stimulus continues and the government attempts to pass nearly $5 TRILLION dollars in infrastructure spending. 

America is on the verge of ushering in the largest tax on investment income in the world. If you have any pre-tax wealth, pay attention and take action, you stand to lose a huge chunk of it in the next few years.

Why is this age of government stimulus and higher spending a scary watershed moment for America? How is this morphing us slowly into high tax Europe? In this episode, I talk about the dangers of Biden’s budget, and what we can expect from it.