#66 – The U.S. Debt Ceiling Explained & Discussion On Unrealized Capital Gains Tax

Debt Ceiling:

  • US Government Income, Expenses, and Deficit Explained
  • Debt Ceiling Explained
  • What does it mean for investors? Uncertainty

Warren Buffett’s Take On Debt Ceiling:

  • At Berkshire Hathaway’s annual shareholder’s meeting in 2011, billionaire investor Warren Buffett was asked what he thought about the contentious negotiations happening in Congress over whether or not to raise the debt ceiling. His response: failing to raise the debt ceiling would be a massive mistake.
  • “It would probably be the most asinine act that Congress has ever performed,” Buffett said. In fact, “having a debt ceiling to start with is a mistake.”

Newsroom clip: https://www.youtube.com/watch?v=Gj5-G01iRyk

#41 – US Debt & Modern Monetary Theory: https://coldbrew.money/41-us-debt-and-the-modern-monetary-theory/

Warren Buffett on Debt Ceiling: https://buffett.cnbc.com/video/2011/04/30/buffett-not-raising-the-debt-ceiling-would-be-asinine.html

#15 – Divraj Singh episode: https://coldbrew.money/15-in-conversation-with-divraj-singh-pannu-an-equity-research-analyst-about-intraday-and-long-term-investing/

Timestamps

Tapan’s trip to Edinburgh: 00:00

Atit’s Car Discussion: 03:35

What is Debt Ceiling (Income, Expenses, Deficit, Treasury Explained): 05:45

What does the Government need to do?: 11:39

Capital Gains Tax Discussion: 18:20

Summary of the episode: 22:53

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Tapan Desai: https://tapandesai.com/

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Disclaimer:

The information in this video is general information only and should not be taken as constituting professional advice from Atit or Tapan. Atit and Tapan are not financial advisers. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Atit or Tapan are not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this video.

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