The main argument of the Bitcoin Proponents is that it would be a disaster for the economy and the government. However, there are plenty of people who have tried to predict the economy before, only to be proved wrong, but this time the predictions seem to be on the positive side. It would be a big mistake to try and tell the market what to do. There are still a lot of risks involved with these currencies, which means that it is a good idea to watch the movement and wait for a better situation.
According to the comments of the people who are not convinced by the proposal for a capital gains increase, the government should just close its eyes and trust the experts at the SEC to protect them. However, if the government really wanted to prevent a crisis, they will need to raise their capital or invest in some new assets, like bonds.
One person in the group of supporters of this proposal is John Edwards, the former Vice President and the Secretary of the SSA who made some waves for proposing a capital gains tax on the highest earners. People are saying that since he is not in office anymore, he will probably have more influence on the government’s plans.
Another supporter of the idea is Senator Barack Obama, who has recently announced his run for the White House, and he said that he is very much interested in the idea of increasing the capital gains tax. It is true that he is not running for any political office, so it would be quite impossible for him to actually push his proposal through. Nevertheless, he wants to do everything that he can to give the United States a strong hand in the World Bank and the International Monetary Fund. He also wants to make sure that there is no shortage of money and that the U.S. is still a leader in the world.
One of the other members of the team is Senator Joseph Paulson, the former CEO of Goldman Sachs who wants to see his friend Joe Biden elected President of the United States of America. He thinks that the capital gains tax should be increased because the current state of the economy is such a mess that the people should really start saving their money now.
All in all, it seems like a good argument and there are a lot of different points to be considered. One thing is sure: if you are afraid to put your money in a new currency, then the best thing you can do is to wait for a better situation and hopefully one comes along in the future.