Why the Inheritance Tax is Dumb

Given these realities, I consider the Estate Tax a giant tax break for people such as Bezos and Elon Musk. Musk America’s second richest man, is only 50. If Musk lives as long as Buffett, the federal government or the Republic of Mars will not collect his inheritance tax until 2061.

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How Much Money Does BioNTech make from vaccines?

BioNTech’s bet on mRNA is paying off. Its quarterly revenues grew from $30 million on 31 March 2020 to $2.467 billion on 31 March 2021.   Similarly, BioNTech’s Total Assets grew from $803 million on 31 March 2020 to $4.942 billion on 31 March 2021. In addition, the cash and short-term investments grew from $496 million on 31 March 2020 to $1.048 billion on 31 March 2021.   One person who believes in BioNTech (BNTX) is Mr. Market. Market paid $50.88 for BNTX on 26 May 2020 and $202.37 for the stock on 26 May 2021.

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The Trump Nihilism will Grow Worse

Trumpism is nihilism. The Internet Encyclopedia of Philosophy describes nihilism as “the belief that all values are baseless and that nothing can be known or communicated. It is often associated with extreme pessimism and a radical skepticism that condemns existence. A true nihilist would believe in nothing, have no loyalties, and no purpose other than, perhaps, an impulse to destroy.”

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Predictions for 2021

I expect the first American food riots in February or March if the present gridlock in Washington DC continues and Congress does not wise up and start making regular stimulus payments.

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Will Ripple (XRP) Leave America?

Those people fear the United States is no longer a safe place to conduct business. The executives fear that coronavirus, political unrest, riots, violence, economic upheavals, and income inequality make America a dangerous place to do business.

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