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- The present monetary system ‘is brutal, savage, cruel capitalism for the poor.’
- Kennedy Jr guarantees to introduce tax exemptions as soon as he’s president.
US Democratic presidential candidate Robert F. Kennedy Jr. mentioned the present monetary system permits the wealthy to withdraw belongings and fairness from the center class. “It’s brutal, savage, cruel capitalism for the poor.”
JUST IN: 🇺🇸 Presidential candidate Robert F. Kennedy Jr. says the monetary system is designed for the wealthy to strip the center class of their belongings and fairness. pic.twitter.com/BKLWMyyaM1
— Watcher.Guru (@WatcherGuru) July 26, 2023
In an unique interview with Fox Information City Corridor on Tuesday, the pro-Bitcoin presidential candidate mentioned the lockdown throughout the COVID-19 pandemic was the ‘remaining straw.’
“We moved $4 trillion {dollars} from the American center class to the super-rich.”
Robert F. Kennedy Jr. referred to as out a number of ‘bad decisions’ made beneath President Joe Biden within the White Home. The presidential candidate mentioned President Biden has by no means been good with phrases however didn’t immediately touch upon the president’s psychological, bodily, or cognitive capacity to manipulate the nation.
Kennedy Jr. famous that he had prevented “private assaults on folks,” whereas campaigning and asserted that,
“I’ll say, whether or not he’s as much as it or not, whether or not he’s making his personal choices – the choices which are popping out of the White Home are dangerous choices.”
In addition to criticizing the present reign, Kennedy Jr. has been a vocal crypto supporter all through his marketing campaign. Through the Heal-the-Divide PAC occasion, the presidential candidate introduced that he would back the US dollar with Bitcoin if he received the final elections.
Kennedy believes that incorporating exhausting belongings corresponding to Bitcoin will profit the economic system. He additionally proposed a gradual strategy by backing 1% of all issued treasury payments utilizing belongings corresponding to gold, Bitcoin, silver, or platinum.
Kennedy vowed to assist crypto in his presidential agenda by introducing tax exemptions. From his plan, any conversion of BTC to the US greenback is not going to undergo capital positive aspects taxes. His presidential agenda incentivizes buyers to retain their investment-related enterprise within the US as an alternative of relocating to different crypto-friendly nations.
On the Bitcoin 2023 convention in Miami, Kennedy mentioned the connection between Bitcoin, freedom, and democracy, emphasizing crypto’s sturdiness, energy, and flexibility. He additionally expressed his acceptance of Bitcoin donations for this marketing campaign.
Kennedy is transferring to enchantment to the crypto neighborhood and presenting his pro-Bitcoin regulation methods to have interaction the neighborhood additional.
On Might 3, Kennedy criticized the US authorities’s anti-crypto stand on Twitter. The presidential candidate tweeted that Bitcoin and digital belongings are “main innovation engines,” the federal government stances may hinder the trade’s potential development and drive the trade to innovate in different nations.
Cryptocurrencies, led by bitcoin, together with different crypto applied sciences are a serious innovation engine. It’s a mistake for the U.S. authorities to hobble the trade and drive innovation elsewhere. Biden’s proposed 30% tax on cryptocurrency mining is a nasty concept. 🧵
— Robert F. Kennedy Jr (@RobertKennedyJr) May 3, 2023
Moreover, Kennedy addressed the just lately prompt 30% tax on crypto mining on the grounds of intensive energy consumption. Whereas he is aware of of the energy-related points related to Bitcoin mining, Kennedy argues that the issues is likely to be exaggerated.
Kennedy argued that it’s unfounded to restrict the crypto trade solely based mostly on vitality consumption, saying that “Bitcoin mining makes use of about the identical as video video games.” he famous that the actual motivation behind crippling the crypto trade is as a result of it “threatens elite energy constructions.”
The presidential candidate additionally defended felony use accusations in opposition to Bitcoin and cryptocurrencies. Though he acknowledged the potential of these digital belongings getting used for unlawful actions, he argued that strange residents additionally worth and profit from the privateness provided by blockchain transactions.
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