Ok that's it. Biden won't get elected. Wall Street, other than high tech and weapons, is only one of the few industries that's left in the West that's making money and they still want to tax that? We already pay so much on each transaction when we trade. The Wall Street right off the bat won't stand for that. She's completely out of touch of reality it seems.
Yeah that's because all of the policies take a way to take effect. So very likely it's the Republican presidents that started the economic recovery initiatives but it didn't fully take effect until their terms were over and when democrats started their terms, all of the initiatives were really making an impact so it made all of the democrat presidents look good. The only exception might be Bill Clinton. The guy genuinely inherited a bad economy and really turned it all around and pushed it into new heights and really started the new IT era. And the only Republic president that fit the norm is George W. Bush. He genuinely inherited a strong economy with surplus and spent it all of the surpluses and turned the economy into a trillion-dollar deficit and started a recession.
While annoying i personally don't think thats very bad for us traders. 1. Afaik as a professional you can avoid it by founding a LLC (GmbH). But more important: 2. It "only" affects Derivatives, thus it will move a lot of retail speculation money from somewhat shaddy otc (KO Warrants, CFD...) back to plain stock trading. Ie. more liquidity, speculation, trading opportunities. Edit: btw. Germany sucks anyway... Not autobahn and Oktoberfest but more on the policital side, especially immigration laws...
Because of citizenship based taxaation, as a US citizen you are liable to submit a tax return wherever you live until you renounce your citizenship or die. You may also have to pay to a country you don‘t even live - how F-in stupid is that?