Everybody needs money. That's why they call it money.

From full global headquarters, this is Motley Fool Money.

It's the Motley Fool Money radio show. I'm Ron Gross sitting in for Chris Hill.

Joining me today are senior analyst Andy Cross and Jason Moser, gentlemen.

How you doing?

Hey Ron!

Great to see you both.

Earning season, rolling along. Today we're going to talk about some of my favorite things.

Streaming TV, burritos and beer.

But we must begin with taxes.

On Thursday, the Biden administration proposed a plan to increase the capital gains tax rate on those earning more than $1 million to 39.6%.

Proceeds will be used to help pay for Biden's American family plan, which includes spending and tax credits to fight poverty and help American families.

Now Jason, this is a business show, so let's keep politics out of it.

But I want to know what you think the impact will be on wealthy investors and on the stock market as a whole.

Yeah, I mean this is bold language and there is definitely a political discussion to be had, which is of course what we don't do here so we won't.

I appreciate that Ron. Regardless of where you fall on the political spectrum though, I think.

Wow, this makes for a wonderful investing headline.

It sure lights the fuse on Twitter for a lot of folks.

It's really not terribly meaningful in the context of most retail investors.

You went through a lot of the mechanics there in regard to the proposition.

There's some interesting data out there that's fact set chart making the rounds out there earlier showing that really there's a lack of correlation between changes in the capital.

Games rates and market returns and for example, you go back to 2013.

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