Arnold Schwarzenegger Kamala Harris? Trump as a rubbish man? With the US Presidential election only some days away (and in full meme mode), we revisit every candidate’s insurance policies in our new 99Bitcoins video.
Democratic candidate Kamala Harris’s insurance policies start with nominating Mark Cuban for the SEC, an Unrealized Capital Positive aspects Tax, and pushing for extra black males to undertake cryptocurrency.
Right here’s Kamla Harris’s new crypto and financial insurance policies in two minutes!
Arnold Schwarzenegger Kamala Harris? Don’t Overlook Mark Cuban Too
The primary notable level in Kamala’s plan is nominating Mark Cuban—sure, that Mark Cuban—for the top of the Securities Trade Fee (SEC).
Cuban has been an ardent supporter of cryptocurrency, and now Kamala Harris not too long ago stated in an interview with Fox he desires to be the brand new SEC head below her administration.
As for her personal crypto insurance policies, the Kamala Harris camp launched its ‘Crypto For Harris’ promotion, which goals to outline clear regulation for cryptocurrencies if she wins in November.
Mark Cuban runs cowl on Kamala's document however it doesn't go properly…
Scott Jennings: “You act as if she simply landed right here on a spacecraft 13 weeks in the past”
“She's been the vice-president for a complete time period” pic.twitter.com/jiM9F4jxlF
— MAGA Useful resource (@MAGAResource) October 26, 2024
Kamala’s help for crypto hasn’t gone unnoticed within the trade.
Bitmex cofounder and ex-CEO Arthur Hayes celebrated the transfer, saying it gained’t matter who takes the White Home; the crypto market will increase because of Trump and Kamala’s help for blockchain and rampant cash printing, in fact.
XRP co-founder Chris Larsen additionally donated $1 million to the Kamala marketing campaign to sway authorities help for Ripple. Kamala additionally made a plan directed at Black males to get them extra concerned within the cryptocurrency markets.
She believes black males are underrepresented within the crypto trade – however, you already know, I’m right here so…
Listed below are Some Closing Issues in Kamla’s Financial Plan
Kamala helps Unrealized Capital features—i.e. income that reside solely on paper that you simply haven’t taken but—and can purpose this coverage at households value over $100 million. Curiously, this tax invoice is extra radical than any proposal by far-lett Democrats Bernie Sanders or Elizabeth Warren.
Detractors like presidential candidate Donald Trump say this can be a slippery slope to full-blown communism.
Nonetheless, advocates of Kamala’s plan argue that this transfer is extra about leveling the enjoying subject, guaranteeing that the mega-rich shoulder tax burdens in keeping with what on a regular basis earners face. Her invoice requires equity in a tax panorama usually skewed to favor these on the high of the monetary meals chain.
Harris additionally backs a company tax hike from 21% to twenty-eight%, echoing Biden’s name for tax fairness.
Lastly, and a little bit of an except for crypto, Kamla is promising to cancel scholar mortgage debt, grant $25,000 to first residence patrons, and enact worth controls saying, “[We will] “revitalize competitors” by “investigating and prosecuting price-fixing” and go “the first-ever federal ban on worth gouging” for groceries.”
We give Kamala Harris’s financial plan a 3 stars, a coconut tree, and an emoji of Joe Biden consuming ice cream out of 5.
If you wish to know extra about Kamala’s financial insurance policies, keep tuned for our election protection on November 5.
Watch the Full Video Right here
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