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Comment by ahs1 | Hacker News Reader

Apolitical answer:

Markets prefer political stability. Average annual S&P 500 returns are around ~7% adjusted for inflation, but ~12% when a President is in his second term.

Political answer:

A Trump loss would be presumably be to one of the self-avowed socialists running which would certainly crash the markets.

Furthermore, even without a market crash, a socialist implementing mark-to-market capital gains taxation while also doubling the long-term capital gains rates (15% to 32% for me) would drastically slow down my march towards $1,000,000.

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I see. Interesting what you say about returns during second terms. I'll need to read more on that.

> A Trump loss would be presumably be to one of the avowed socialists running

Oh bless, the tendency in the US towards labelling people still right of the centre by most countries' standards as "socialists" for being left of the Republicans is cute.

edit: self-avowed socialists

I'm not American, but the Democratic party self-describes as social-liberal.

Of course people can agree or disagree with the ideology, but only you here seem to have attached stigma to the word.

(Though the same could have been said for 'fascist', which certainly now has widespread stigma attached, and most proponents have stopped self-describing as such.)

> I'm not American, but the Democratic party self-describes as social-liberal.

Social-liberal isn't socialist. I live in a liberal-social democracy, but very few workers own the means of production here.

> but only you here seem to have attached stigma to the word.

American society as a whole has attached a stigma to it. Claiming otherwise is either disingenuous or ignorant, I'll let you take your pick as you listen to the dulcet tones of Ronald Reagan disclaiming the dangers of socialised medicine. https://www.youtube.com/watch?v=AYrlDlrLDSQ

Further up in the thread he said he wanted to live in the USA because it’s a Free Country too, so I’m assuming he’s not being entirely serious.

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