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'Time to pay up': Venture capitalists spar over Biden's plan to raise taxes

Time to pay up : Venture capitalists spar over Biden s plan to raise taxes Cyrus Farivar © Melina Mara Image: Vice President Kamala Harris and Speaker of the House of Representatives Nancy Pelos applaud as President Joe Biden addresses a joint session of Congress at the U.S. Capitol on April 28, 2021. (Melina Mara / AFP - Getty Images) President Joe Biden’s pledge to pay for his comprehensive child care and infrastructure packages by raising taxes on the wealthy is creating battle lines among venture capitalists. Even before a specific bill has been formally introduced, some Silicon Valley venture capitalists and other large investors outside California have mobilized to protest the president’s plan to raise the capital gains tax, which investors pay when they sell financial assets. The opposition has started with the industry’s largest lobbying group, the National Venture Capital Association, which has publicly opposed raising capital gains. That move

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How to fix market manipulation

The Straits Times The Reddit investors demonstrated in the starkest terms that they could manipulate the market.PHOTO: REUTERS Andrew Ross Sorkin https://str.sg/JH4a They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. Get unlimited access to all stories at $0.99/month for the first 3 months. including the ST News Tablet worth $398.

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The lessons of GameStop: How Wall Street can stop markets being manipulated

The lessons of GameStop: How Wall Street can stop markets being manipulated By Andrew Ross Sorkin Save Normal text size Advertisement There will be academic case studies on the mania around GameStop’s stock. There will be philosophical debates about whether this was a genuine protest against hedge funds and inequality or a pump-and-dump scheme masquerading as a moral crusade. Eventually, we will learn whether this was a transformational moment powered by social media that will shift the investing landscape forever, or a short-term blip that soon fades away. What’s less up for debate is this: The public has a deep distrust of the stockmarket and everything it represents. That lesson has been laid bare by the anger coursing through the Reddit posts and Twitter threads of GameStop traders and throngs cheering them on.

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Anyone can manipulate the market. Here's how to fix that

Anyone can manipulate the market. Here's how to fix that
theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.

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Ways to Build Trust in the Post-GameStop Markets - The New York Times

Six ways to make trading fairer As we try to understand what happened in the meme-stock frenzy a populist uprising, a skillfully disguised market manipulation, or both? one thing is clear: The public doesn’t trust the stock market. In his latest column, Andrew offers some potential ways to make investing fairer and regain trust: A transaction tax, even of 0.1 percent of a trade’s value, could reduce the attractiveness of the high-speed trading that gives sophisticated Wall Street firms a huge advantage. Force hedge funds to disclose short-selling positions. “If we as a society believe transparency is important to understand who is buying up shares, it would seem logical that we also want to know who is betting against them,” Andrew writes.

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