by Matt Margolis
When Kamala Harris became the presumptive nominee of the Democratic Party, it undoubtedly caused a jolt of enthusiasm for her party, which had been looking at a landslide defeat with Joe Biden on top of the ticket. She took the lead in the polls as well as in the political markets.
Harris had as much as a seven-point lead in Polymarket in the days leading up to the Democratic National Convention. Between the wall-to-wall glowing coverage from the media and the convention coverage, Harris would maintain that lead, if not expand on it.
However, the lead she had before the convention is gone. It’s not only been wiped up, but as of the morning of the third day of the convention, Donald Trump has also regained the lead. By the second day of the convention, Trump had a one-point lead. As of this writing, he has taken a five-point Polymarket lead over Harris.
Harris had a 7-point lead in @Polymarket last week. pic.twitter.com/64qbEPPPbD
— Matt Margolis (@mattmargolis) August 21, 2024
Rich Baris, the director of Big Data Poll, found this to be an extraordinary shift, considering the timing.
Why are Donald Trump's odds of winning the presidential election getting better during the DNC?
That's so weird.
— Rich Baris The People's Pundit (@Peoples_Pundit) August 20, 2024
It is an absolutely fair question to ask why this is happening during the week of Kamala’s convention. A big part of it is that last week, Kamala unveiled her key economic agenda, and it was nothing short of a disaster, drawing criticism from both sides of the political spectrum.
Her most contentious proposal, a federal ban on “price-gouging,” sparked outrage even within her own party. When Kamala tried to explain how she would fund her plans, things went from bad to worse. She delivered one of her trademark word salads, repeatedly insisting that there would be a “return on investment” for her policies — as if the costs would magically cover themselves.
As if that wasn’t enough, the Harris-Walz campaign announced on Monday that Harris would raise the corporate tax rate to 28% if elected. And now, Harris is pushing for a 45% capital gains tax on long-term investments and a 25% tax on unrealized gains.
Free Vasectomies free Abortions via roach coach, all to be paid for with your 401K! Endless wars, when is Zelensky coming to speak? Send your kids to battle, they will come back but maybe the not same sex as they marched off. Your kids property of the State, whats a little medical kidnapping and induced mental illness? Certainly experimental vaccines as part of the schedule of jabs needed to be in school. or for your electronic money to work.
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No, I guess Thats why I dont see the cup of coffee thingie.
the Bitter Dregs from the Demon-Rat Party
When the Income Tax was first proposed it was only going to be “the rich,” who paid it.
What is it now?
So, that’s why kamala’s new 25% tax on unrealized gains worries all Americans.
Even a tax only on rich people’s unrealized gains would be a disaster, but it would not stay a tax only on the rich.
As people flee America (to RUSSIA?*) to avoid destruction of their hard-earned nest eggs, the gov’t would have to make poorer and poorer people bear the brunt.