Arnold Schwarzenegger Kamala Harris? Trump as a garbage man? With the US Presidential election only a few days away (and in full meme mode), we revisit each candidate’s policies in our new 99Bitcoins video.
Democratic candidate Kamala Harris’s policies begin with nominating Mark Cuban for the SEC, an Unrealized Capital Gains Tax, and pushing for more black men to adopt cryptocurrency.
Here’s Kamla Harris’s new crypto and economic policies in two minutes!
Arnold Schwarzenegger Kamala Harris? Don’t Forget Mark Cuban Too
The first notable point in Kamala’s plan is nominating Mark Cuban—yes, that Mark Cuban—for the head of the Securities Exchange Commission (SEC).
Cuban has been an ardent supporter of cryptocurrency, and now Kamala Harris recently said in an interview with Fox he wants to be the new SEC head under her administration.
As for her own crypto policies, the Kamala Harris camp launched its ‘Crypto For Harris’ promotion, which aims to define clear regulation for cryptocurrencies if she wins in November.
Mark Cuban runs cover on Kamala's record but it doesn't go well…
Scott Jennings: “You act as though she just landed here on a spacecraft 13 weeks ago”
“She's been the vice-president for an entire term” pic.twitter.com/jiM9F4jxlF
— MAGA Resource (@MAGAResource) October 26, 2024
Kamala’s support for crypto hasn’t gone unnoticed in the industry.
Bitmex cofounder and ex-CEO Arthur Hayes celebrated the move, saying it won’t matter who takes the White House; the crypto market will boom thanks to Trump and Kamala’s support for blockchain and rampant money printing, of course.
XRP co-founder Chris Larsen also donated $1 million to the Kamala campaign to sway government support for Ripple. Kamala also made a plan directed at Black men to get them more involved in the cryptocurrency markets.
She believes black men are underrepresented in the crypto industry – but, you know, I’m here so…
Here are Some Final Things in Kamla’s Economic Plan
Kamala supports Unrealized Capital gains—i.e. profits that live only on paper that you haven’t taken yet—and will aim this policy at households worth over $100 million. Interestingly, this tax bill is more radical than any proposal by far-lett Democrats Bernie Sanders or Elizabeth Warren.
Detractors like presidential candidate Donald Trump say this is a slippery slope to full-blown communism.
However, advocates of Kamala’s plan argue that this move is more about leveling the playing field, ensuring that the mega-rich shoulder tax burdens in line with what everyday earners face. Her bill calls for fairness in a tax landscape often skewed to favor those at the top of the financial food chain.
Harris also backs a corporate tax hike from 21% to 28%, echoing Biden’s call for tax equity.
Lastly, and a bit of an aside from crypto, Kamla is promising to cancel student loan debt, grant $25,000 to first home buyers, and enact price controls saying, “[We will] “revitalize competition” by “investigating and prosecuting price-fixing” and pass “the first-ever federal ban on price gouging” for groceries.”
We give Kamala Harris’s economic plan a 3 stars, a coconut tree, and an emoji of Joe Biden eating ice cream out of 5.
If you want to know more about Kamala’s economic policies, stay tuned for our election coverage on November 5.
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