Kamala Harris's Tax Plan and Kiyosaki's Crash Warning: What You Need to Know This Week

Kamala Harris Backs Biden’s Tax Proposal on Unrealized Gains

Vice President Kamala Harris supports President Biden's controversial proposal to raise taxes on unrealized gains, targeting wealthy Americans. The plan aims to increase capital gains tax to 44.6% and implement a 25% minimum tax on unrealized gains for individuals with over $100 million in wealth. Additionally, Harris plans to raise the corporate tax rate from 21% to 28%.

Robert Kiyosaki Warns of Impending Market Crash

Financial author Robert Kiyosaki, known for his book Rich Dad Poor Dad, has issued a stark warning about a potential market crash. He criticized U.S. leadership, referring to them as the “3-Stooges”, and advised his followers to invest in gold, silver, and bitcoin for safety, emphasizing the importance of self-reliance over dependence on the Federal Reserve.

Peter Schiff Calls for Interest Rate Hikes

Economist Peter Schiff has urged the Federal Reserve to raise interest rates instead of cutting them, even at the risk of triggering a recession. He cautions that this could lead to significant declines in stocks and real estate, warning of a hard landing for the economy.

Bitcoin ETFs Continue to Thrive

In financial markets, U.S. spot bitcoin ETFs have extended their winning streak for the sixth consecutive day, accumulating $64.91 million. Conversely, ether ETFs have experienced minor outflows, losing $874,610.

Franklin Templeton Expands Blockchain Initiatives

Franklin Templeton has expanded its blockchain efforts by launching a tokenized U.S. Government Money Fund on the Avalanche network, marking a significant development in the firm’s on-chain financial products.

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