Hey Friends. I hope you’re having a wonderful spring season thus far. Everything is green, green here in the deep south. This is a favorite time of year for me when everything is showing “life” again after the winter passes.

You have probably read some news this past week with regard to President Biden’s plans to raise capital gains taxes to pay for various programs. If not, here is one article on the subject:

Go here to read about the capital gains matter expected to be raised at a joint session of Congress next week.

Here’s another piece on how some in the investment world are looking at the potential impact of a significant increase in the capital gains rate, including what it might mean for cryptocurrencies:

Go here to read on that debate.

My personal view is that effectively forcing the wealthy investor to pay the ordinary tax rate on all capital gains achieved would have a disrupting impact on the markets.

Here’s one more article on the subject:

Go here.

As are many of you, I’m concerned over the exploding national debt. It has been a topic of concern for years now but the rate of its expansion today is mind-blowing and clearly implies a train wreck ahead. Among things to watch, keeping an eye on this capital gains tax proposal seems sensible to me.

See you next time.

Paul