Ulf53, I don't think anyone knows for certain the
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Posted On: 11/14/2020 9:09:35 AM
Ulf53, I don't think anyone knows for certain the full impact of a Biden administration. Biden does not appear to want to tell us what he intends to do, and our press (run by corporate multi-nationals) will not ask him questions. The fear on the part of the press is that anything Biden might admit to will likely cause major problems.
Lexaria is a Canadian company, and that means they will not be governed by our politics. On the negative side, Biden said he would double the capital gains taxes on stock trades, and has said he favors increased costs for trading. This could lead to many investors leaving the market. On the other hand, Biden is a liberal, so spending and increased national debt will become the norm. This suggests that gold stocks may be a good investment. The Obama/Biden Administration increased our national debt more than all other presidents in American history, and there is no reason to think Biden would do anything different. Increased government spending will keep the stock market going right up to the point where the country goes bankrupt, and our currency becomes worthless.
The typical liberal run state in American has a tax rate around 60% or higher. This means the stock market will not be very appealing should Biden do the same for the entire country. Bonds may become the preferred investment. But bonds would become worthless paper if the country goes bankrupt.
I can't think of many good points to tell you regarding a Biden administration, other than the increased spending, and that can only go on for so long. If lending rates increase, no amount of taxing will pay for all the government programs. In fact, Biden has already said he will slash defense spending to pay for government programs. Slashing defense spending will leave Europe and the rest of the world without a strong defense system to back them up. And this is at a time when China and Russia are increasing their defense build-up. As you likely know, Europe has not paid for its own defense for years, and they didn't like it when Trump made them pay up during his administration. Europe has made progress toward paying for their defense, but no one expects them to pay for all the years when they did not pay their share.
If Lexaria is working with big pharma, they will continue to do business no matter who is in power. Big pharma is comprised of multi-national corporations who will always find the most favorable tax structure, and they do not care what country that is in.
Lexaria is a Canadian company, and that means they will not be governed by our politics. On the negative side, Biden said he would double the capital gains taxes on stock trades, and has said he favors increased costs for trading. This could lead to many investors leaving the market. On the other hand, Biden is a liberal, so spending and increased national debt will become the norm. This suggests that gold stocks may be a good investment. The Obama/Biden Administration increased our national debt more than all other presidents in American history, and there is no reason to think Biden would do anything different. Increased government spending will keep the stock market going right up to the point where the country goes bankrupt, and our currency becomes worthless.
The typical liberal run state in American has a tax rate around 60% or higher. This means the stock market will not be very appealing should Biden do the same for the entire country. Bonds may become the preferred investment. But bonds would become worthless paper if the country goes bankrupt.
I can't think of many good points to tell you regarding a Biden administration, other than the increased spending, and that can only go on for so long. If lending rates increase, no amount of taxing will pay for all the government programs. In fact, Biden has already said he will slash defense spending to pay for government programs. Slashing defense spending will leave Europe and the rest of the world without a strong defense system to back them up. And this is at a time when China and Russia are increasing their defense build-up. As you likely know, Europe has not paid for its own defense for years, and they didn't like it when Trump made them pay up during his administration. Europe has made progress toward paying for their defense, but no one expects them to pay for all the years when they did not pay their share.
If Lexaria is working with big pharma, they will continue to do business no matter who is in power. Big pharma is comprised of multi-national corporations who will always find the most favorable tax structure, and they do not care what country that is in.
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