US Presidential Election 2020 and its impact on gambling

[Fundamentals Of]

Before becoming is the president is the speech and after becoming and realizing the various factors would be different because now directly he would be responsible if by increasing taxes the  revenue decreases and I am sceptical he would be doing so, because now after pandemic it has already effected all businesses.

Biden has proposed a huge increase in the welfare budget. So in order to fund this increase, he needs to find funds. Either he can raise the taxes, or he can borrow from various donor agencies. The second option doesn't look very attractive right now, because the federal debt is already at sky-high levels. Anymore increase in the federal debt level can cause a collapse of the economy.

We need to take note that an increase in the services will almost always mean an increase of taxes. That is a pattern because governments are not creating money. They are printing money but they do not create its value. The value of money is backed by the economy. The government is not the one which creates the economy. The economy means money to the people, jobs, shops, stores, manufacturing companies, factories, etc, and they are created by the business sector. The money of the government is coming from taxes from the people and the business owners.

[bryant.coleman]

Without the COVID 19 pandemic, Trump would have easily won the elections. The economy was doing exceptionally well, and unemployment rate was at all time low. But the pandemic changed everything and the mainstream media pounced on the opportunity. For the last 5-6 months, the network news channels of US acted like the mouthpiece of Democrat party. Various biased opinion polls predicted a Biden blowout. And despite all this, Trump lose by a razor thin margin.

[jostorres]

There is no version where Trump "doesn't accept it" and he stays. USA is not some third world nation and there is no way that anyone would allow anything like this to happen if Trump requests it. Just for starters to help you understand, SCOTUS is filled and packed by Republicans, they put Barret literally few days before the election, they rushed it soooo quickly just so they could get her in, right now there is 3 Trump judges just in there and few from before Obama era, so it is HEAVILY republican, not even close.

You know what happened? When trump sent court case about election fraud, they rejected it instantly without even considering it, literally within few hours. Even republican packed SCOTUS doesn't care what Trump thinks when it comes to elections, while ruling the nation? sure, but not about elections.

[mindrust]

Before becoming is the president is the speech and after becoming and realizing the various factors would be different because now directly he would be responsible if by increasing taxes the  revenue decreases and I am sceptical he would be doing so, because now after pandemic it has already effected all businesses.

Biden has proposed a huge increase in the welfare budget. So in order to fund this increase, he needs to find funds. Either he can raise the taxes, or he can borrow from various donor agencies. The second option doesn't look very attractive right now, because the federal debt is already at sky-high levels. Anymore increase in the federal debt level can cause a collapse of the economy.

Trump said numerous times that the dems are going to raise taxes. Biden is also going to lock the country down. I even heard Biden is after a 5 Trillion USD QE which is... crazy af.

He is going for the great reset.

Even the world's reserve currency cannot handle that much QE but we will see.

[Cnut237]

Trump said numerous times that the dems are going to raise taxes. Biden is also going to lock the country down. I even heard Biden is after a 5 Trillion USD QE which is... crazy af.

He is going for the great reset.

Even the world's reserve currency cannot handle that much QE but we will see.

What Biden wants to do and what Biden can do might be very different things. It is likely he will face a Republican-controlled senate, so he's unlikely to get anything through without at least an element of cross-party appeal.

[Yudhisthir]

Trump said numerous times that the dems are going to raise taxes. Biden is also going to lock the country down. I even heard Biden is after a 5 Trillion USD QE which is... crazy af.

He is going for the great reset.

Even the world's reserve currency cannot handle that much QE but we will see.

What Biden wants to do and what Biden can do might be very different things. It is likely he will face a Republican-controlled senate, so he's unlikely to get anything through without at least an element of cross-party appeal.

Biden on his campaign promised to close tax loopholes for the rich and make them pay what they need to. He might do that but I don't think he'll be increasing the taxes for most of the part. It's still can't be said for exact as there have been claims of corruption and differential behavior to the business as well. There's an increasing trend of giving tax cuts for their supporter while increasing it for the ones who didn't supported him.
For gambling, it's been known that gambling tycoons had graced for Biden, he won't be hurting them.

[Vishnu.Reang]

Biden on his campaign promised to close tax loopholes for the rich and make them pay what they need to. He might do that but I don't think he'll be increasing the taxes for most of the part. It's still can't be said for exact as there have been claims of corruption and differential behavior to the business as well. There's an increasing trend of giving tax cuts for their supporter while increasing it for the ones who didn't supported him.
For gambling, it's been known that gambling tycoons had graced for Biden, he won't be hurting them.

The rich are already paying around 40% of their income as tax, while the middle-class is paying somewhere between 12% and 22%. If we take in to account the long term capital gains tax, then those at the highest income tax bracket are paying 20%, while the middle-class pay 0%. Biden wants to increase these rates, which can result in capital flight. Just remember what happened in France, when François Hollande imposed the 75% tax on the rich.

[ReiMomo]

I suggest that the title should be replaced because there is no connection to gambling unless, if you bet on who among these two candidates will win. Among the two the impact on gambling candidate is unclear unless they have laid down their platforms about it but until date, neither of the two have provided their outlook regarding gambling and casinos.

[aesma]

Some of you have answered me that gambling sites don't accept US citizens, and that Biden hiking taxes could affect gambling. If you're a US citizen and gambling online, you are thus using a fake identity, so I doubt you're paying taxes on your gains !

Besides, Biden wants to increase the taxes for people making more than 250,000$/year, is that you ?

Before becoming is the president is the speech and after becoming and realizing the various factors would be different because now directly he would be responsible if by increasing taxes the  revenue decreases and I am sceptical he would be doing so, because now after pandemic it has already effected all businesses.

Biden has proposed a huge increase in the welfare budget. So in order to fund this increase, he needs to find funds. Either he can raise the taxes, or he can borrow from various donor agencies. The second option doesn't look very attractive right now, because the federal debt is already at sky-high levels. Anymore increase in the federal debt level can cause a collapse of the economy.

Trump said numerous times that the dems are going to raise taxes. Biden is also going to lock the country down. I even heard Biden is after a 5 Trillion USD QE which is... crazy af.

He is going for the great reset.

Even the world's reserve currency cannot handle that much QE but we will see.

First of all, why would you believe anything Trump says ?

Trump was all for QE, even before the pandemic, he was rambling day and night that the Fed wasn't printing enough money, and of course under him the deficit skyrocketed, which shouldn't happen if the economy is doing well, the deficit should be 0 or even negative.

[ene1980]

Without the COVID 19 pandemic, Trump would have easily won the elections. The economy was doing exceptionally well, and unemployment rate was at all time low. But the pandemic changed everything and the mainstream media pounced on the opportunity. For the last 5-6 months, the network news channels of US acted like the mouthpiece of Democrat party. Various biased opinion polls predicted a Biden blowout. And despite all this, Trump lose by a razor thin margin.

Even i think Trump would have easily won the elections if not for the pandemic as he was a good president in my opinion and it is true that he did some exceptional things but the media was more focused on tarnishing his image and he did not do anything that could make that better either and as you said most of the network news channels were against him from the beginning mocking and undermining his achievements.

[rodskee]

I suggest that the title should be replaced because there is no connection to gambling unless, if you bet on who among these two candidates will win.

of course there is Mate because the new President will have His own stand regarding gambling policies and also for cryptocurrencies so this means effect will be on soon.

and As we are talking about America for sure gambling site owners now are having concerns for what will be the future deals.

Among the two the impact on gambling candidate is unclear unless they have laid down their platforms about it but until date, neither of the two have provided their outlook regarding gambling and casinos.

That is why OP is asking for t least we will have our own opinion and ideas for what will be tomorrow says.
So at least we will be ready in case big changes comes right?

[peter0425]

Sorry but seems like i am loss?what is the connection of post to the title?you did not even give a meaningful question.

But if you are asking of Our opinion if how and what will the Winner though it is an obvious in your post that pointing into the new administration of Biden.

I think we can see small future compared to what Trump's administration treat this community.

[bryant.coleman]

Without the COVID 19 pandemic, Trump would have easily won the elections. The economy was doing exceptionally well, and unemployment rate was at all time low. But the pandemic changed everything and the mainstream media pounced on the opportunity. For the last 5-6 months, the network news channels of US acted like the mouthpiece of Democrat party. Various biased opinion polls predicted a Biden blowout. And despite all this, Trump lose by a razor thin margin.

Even i think Trump would have easily won the elections if not for the pandemic as he was a good president in my opinion and it is true that he did some exceptional things but the media was more focused on tarnishing his image and he did not do anything that could make that better either and as you said most of the network news channels were against him from the beginning mocking and undermining his achievements.

It was not just the mainstream media. Social media was also extremely biased in this election and the Democrats used their leverage with various social media platforms very cleverly. Both Facebook and Twitter censored or removed posts from Donald Trump and the other Republicans, while refusing to allow publication of anything which would harm the prospects of Joe Biden. The Hunter Biden scandal was not covered by any of the mainstream media channels and social media blocked anyone who would post anything related to this news. And BTW, the legal head of Twitter (Vijaya Gadde) is an extreme-left loonie.

Now coming back to the topic, I hope those who bet in favor of Joe Biden have received their rewards. Trump is yet to concede, but now it looks clear that Biden will take charge on January 2021. So I would assume that the gambling sites would start distributing the winning amounts this month itself.

[Cnut237]

Both Facebook and Twitter censored or removed posts from Donald Trump

Twitter tagged certain Trump posts with 'Some or all of the content shared in this Tweet is disputed and might be misleading about an election or other civic process'. This was actually extremely generous of them, given that everyone knew that the stuff he was posting was outright lies with zero basis in fact. If he claims fraud, or claims that he won, then he needs to supply evidence. This is quite straightforward. The reason he hasn't supplied evidence is that there isn't any, because it didn't happen. He should really be prosecuted for the inflammatory lies he posts, instead of receiving a little 'might be misleading' tag.

[Vishnu.Reang]

I decided not to bet for this election. I thought that I would bet in favor of Biden, when he was the underdog (beginning of this year), but then his odds improved and Trump became the underdog. I was waiting for better odds and the odds got worse. So in the end, I thought it would be better not to place a bet. So what about others? Those who bet in favor of Biden have received their winning amount, or the gambling sites are still processing them?

[GeorgeJohn]

I see some news about betting in the US presidential election. Many people wager in a very high amount, till $5M. It is wow and tell us that everything can be a matter of betting, moreover this kind of a big thing.
'but here I am, not taking part in the party  

let's see what will the decision take and what we will get the good news or bad news later. And let's see how the condition of the gamblers after the election and the final result.

See I will advise everyone not to gamble in US election because I think their is a lot of controversy concerning the election and if mistakenly gamble such,their will be a lot of lost, that's from my perspective, but i don't from others.

[dishku]

I see some news about betting in the US presidential election. Many people wager in a very high amount, till $5M. It is wow and tell us that everything can be a matter of betting, moreover this kind of a big thing.
'but here I am, not taking part in the party  

let's see what will the decision take and what we will get the good news or bad news later. And let's see how the condition of the gamblers after the election and the final result.

See I will advise everyone not to gamble in US election because I think their is a lot of controversy concerning the election and if mistakenly gamble such,their will be a lot of lost, that's from my perspective, but i don't from others.

But for some people gambling bring a lot of fun and joy when they got the result into their favor. Even gambling is not a good habit but when we do this for fun than it would be nice but when we rely on it and do this for our living than it turn into crap. I also place my bet on Biden and luckily it helped me to get good amount.

[doomloop]

When you spread lies, there is really no censorship, you do not have the "right to lie if I want to" in free world, you do have the right to lie, but you also have the opportunity to face the consequences of that. Free speech is not something you enter with others, it is something you enter with government, you can say "fuck trump" or "fuck biden" and that would be free speech but that doesn't mean others will not say anything to you, they could still decide to fire you or not work with you for example.

Hence trump saying "I won the election" type of stuff while ALL PROOF from election officials and counts show that Biden has won, could be silenced very easily by putting "official results say the opposite" and that is not censorship, that is just fact checking.

[Lanatsa]

Both Facebook and Twitter censored or removed posts from Donald Trump

Twitter tagged certain Trump posts with 'Some or all of the content shared in this Tweet is disputed and might be misleading about an election or other civic process'. This was actually extremely generous of them, given that everyone knew that the stuff he was posting was outright lies with zero basis in fact. If he claims fraud, or claims that he won, then he needs to supply evidence. This is quite straightforward. The reason he hasn't supplied evidence is that there isn't any, because it didn't happen. He should really be prosecuted for the inflammatory lies he posts, instead of receiving a little 'might be misleading' tag.

Its just right for them to block those tweets or post into known big social medias yet this will really give out false information due to those kind of baseless claims that he won that election.

I don't know on why he do still fight for the said position if its already been declared officially on who had win the presidential election.Whining and throwing baseless accusations would turn out
to be a joke and Trump should accept on whats the outcome.

Talking about impact on gambling? It doesn't really give out significant impact yet this is just an another major event where gamblers can do make some bet.

[STT]

Without the COVID 19 pandemic, Trump would have easily won the elections. The economy was doing exceptionally well

The economy was above water but exceptionally well is over stating it, there is massive amounts of QE even before the pandemic and its clear trouble would occur without that support.   You cant argue in favor of both, strong economy needs no support and sadly its still required every year.   Its problem not well discussed by either side.
   I agree Trump would have won 2020 if this had been a normal year, he has the most votes ever collected by a losing candidate apparently.    The ironic thing to his bad natured loss is his supporters were well behind him still; its just the other side rose up even more with again a recording breaking amount of votes and were unsurmountable.   Theres such a thing as a good fight and that was it tbh

Raising taxes is not gonna help, they need to attract investors so they can increase their tax revenue by not affecting the life of the small earners.

Raising taxes can reduce the taxes received, its a not quite as conflicted statement as it sounds.   Put simply government requires efficiency, they cannot place too much tax on any particular source of revenue or risk the overall reduction of the tax take and losses to business moved abroad.   Its not something avoidable by either side but taxes explains why the Senate remains in Rep hands for now, populations fear excessive red tape and restriction from over taxation.    In betting terms this Georgia Senate race should be interesting to see contrasted vs the change in the white house.