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US medical and a proposed 39.6 capital gain rate will destroy US economy

Arthur Hanson

Well-known member
Low quality(37th), high cost medical that consumes twenty cents of every dollar combined with Biden's proposed 39.6% capital gains rate will destroy not only the tech sector, but the US economy. Combined these two factors consume sixty percent of all funds, which no economy can even survive for an extended period. That our president would ever propose a capital gains tax that would severely damage our entire business ecosystem demonstrates that congressional resistance is key to the nations economic survival. The tech sector requires and economic capital structure and in the US, it is getting destroyed by bad government policy in both medical and finance. This is going to make the entire US economy and especially the tech sector that requires reasonably cost of capital and regulations to slowly bleed to death. Our tech and chip industry in particular cannot compete or even function properly under these conditions. One hope is that the tech sector has the ability to lower health care cost at every stage from prevention to treatment with an ROI that could be staggering and beneficial to our economy. Any thoughts, comments or solutions sought and welcome.
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