Discussion ***Official*** 2022 Stock Market Thread

[Amol S.]

The inflation creation act will work its insidious way into the economy. Also the Fed will raise rates again.

I found a pic of your real self being hugged by Donald Trump.


Let me make it easy for you if you still don't get it.... the baby sheep 🐑 is you.

 

[FelixDeCat]

¿What does he have to do with rampant inflation?

Let Jerome Powell do his job and stop pumping more government money into the economy. There is way too much as it is.

 

[Lost_in_the_HTTP]

Not sure how this turned in to P&N, but I glanced at a statement today for my 401K type account. There is a very pronounced upswing in the last couple of weeks from 2-3% down to over 3% up for the year.

 

[AdamK47]

¿What does he have to do with rampant inflation?

Let Jerome Powell do his job and stop pumping more government money into the economy. There is way too much as it is.

The majority of the funding for the Inflation Reduction Act will come from decreasing the tax gap. Increasing the money paid vs the money owed. Not sure how exactly they intend to accomplish this. It's not new money like the trillions pumped in during the pandemic.

 

[Red Squirrel]

Didn't they hire thousands of IRS people? Even if they were to assign one agent per person being audited they hired way more than they need if the goal is to go after the top rich who are the ones evading taxes.

They are going to be going after the middle class as usual, not the rich. People like grandma who do their own taxes and made a mistake 10 years in a row and now owes 50 grand and now they have to sell their house. That is who they are going to be going after.

 

[Amol S.]

¿What does he have to do with rampant inflation?

Let Jerome Powell do his job and stop pumping more government money into the economy. There is way too much as it is.

The idea of pumping money into the economy would cause more inflation came from Trump leaning politicians. The reality is the opposite, if money is given to corporations, then wouldn't their products cost less to still be on revenue?

 

[Brainonska511]

Didn't they hire thousands of IRS people? Even if they were to assign one agent per person being audited they hired way more than they need if the goal is to go after the top rich who are the ones evading taxes.

They are going to be going after the middle class as usual, not the rich. People like grandma who do their own taxes and made a mistake 10 years in a row and now owes 50 grand and now they have to sell their house. That is who they are going to be going after.

As per usual, so many things wrong in your post.

 

[Red Squirrel]

So what part of it is exactly wrong?

They are hiring 87 THOUSAND new IRS auditors. You really think they need that many just to go after the top rich? Give your head a shake. You need to use critical thinking.

Democratic economic package adds 87K new IRS agents

nfusion for the Internal Revenue Service is part of the economic package Democrats are working to push through Congress before their August break.

www.newsnationnow.com

 

[AdamK47]

So what part of it is exactly wrong?

They are hiring 87 THOUSAND new IRS auditors. You really think they need that many just to go after the top rich? Give your head a shake. You need to use critical thinking.

Democratic economic package adds 87K new IRS agents

nfusion for the Internal Revenue Service is part of the economic package Democrats are working to push through Congress before their August break.

www.newsnationnow.com

The IRS budget has eroded away over the past decade.

Chart Book: The Need to Rebuild the Depleted IRS | Center on Budget and Policy Priorities

This chart book provides background on the depletion of the IRS. For more on how to rebuild the IRS, see: Rebuilding IRS Would Reduce Tax Gap, Help Replenish Depleted Revenue...

www.cbpp.org

 

[Lost_in_the_HTTP]

This ain't P&N.

 

[dank69]

Didn't they hire thousands of IRS people? Even if they were to assign one agent per person being audited they hired way more than they need if the goal is to go after the top rich who are the ones evading taxes.

They are going to be going after the middle class as usual, not the rich. People like grandma who do their own taxes and made a mistake 10 years in a row and now owes 50 grand and now they have to sell their house. That is who they are going to be going after.

My mother didn't get her 2020 tax RETURN until a couple of months ago. Also, you don't assign one fucking agent to someone like Trump who files a stack of paper taller than you. A person like Trump could keep a hundred agents busy all year long. There are 724 billionaires in the US. Hundred-millionaires aren't going to be any less complicated.

 

[zinfamous]

Didn't they hire thousands of IRS people? Even if they were to assign one agent per person being audited they hired way more than they need if the goal is to go after the top rich who are the ones evading taxes.

They are going to be going after the middle class as usual, not the rich. People like grandma who do their own taxes and made a mistake 10 years in a row and now owes 50 grand and now they have to sell their house. That is who they are going to be going after.

huh? Is that the kind of tip that is now given away in Cracker Jax boxes in lieu of prizes these days?

 

[jpiniero]

The idea of pumping money into the economy would cause more inflation

That's exactly what happened. The money printer, the stimulus, the lockdowns... that's how inflation got out of control.

My mother didn't get her 2020 tax RETURN until a couple of months ago.

That's why I tell people to try to ensure their return is close to zero as possible.

 

[dank69]

That's exactly what happened. The money printer, the stimulus, the lockdowns... that's how inflation got out of control.



That's why I tell people to try to ensure their return is close to zero as possible.

I try to owe as much as possible without incurring a penalty.

 

[AdamK47]

That's exactly what happened. The money printer, the stimulus, the lockdowns... that's how inflation got out of control.



That's why I tell people to try to ensure their return is close to zero as possible.

I try to get as close to zero as possible. Last year was difficult as I had a lot of short term stock gains that was counted as regular income.

 

[FelixDeCat]

That's exactly what happened. The money printer, the stimulus, the lockdowns... that's how inflation got out of control.

Exactly. Pumping more money into an overheated economy just to win votes is a bad idea.💡 👎

 

[Amol S.]

Exactly. Pumping more money into an overheated economy just to win votes is a bad idea.💡 👎

So you want companies barely surviving to go bankrupt? Looks like someone here wants another 2008.

 

[dank69]

So you want companies barely surviving to go bankrupt? Looks like someone here wants another 2008.

I think he's been predicting it since then. I remember the resident stock expert at work in 2009 predicting another meltdown around the corner.

 

[FelixDeCat]

I think he's been predicting it since then. I remember the resident stock expert at work in 2009 predicting another meltdown around the corner.

I hear the Yellowstone Caldera is looking to blow off some steam within the next 10,000 years.

I wonder if IPhone sales will be down that year?

 

[AdamK47]

I hear the Yellowstone Caldera is looking to blow off some steam within the next 10,000 years.

I wonder if IPhone sales will be down that year?

The super volcano will blow. iPhone sales will tank. Market will rally.

Speaking of a rally...

 

[FelixDeCat]

The super volcano will blow. iPhone sales will tank. Market will rally.

Speaking of a rally...

Funeral home stocks will meme like crazy 🤪

 

[FelixDeCat]

Couldn't help it. I own 100 bananas of BBBY at $20.

If they can issue shares to get out of debt the sky's the limit.....unless the shares are offered substationally lower than the current market price.

 

[FelixDeCat]

Up nearly 100% and halted.

 

[brianmanahan]

lol why are all these meme stocks for dead stores that i haven't been to in 10+ years

 

[AdamK47]

lol why are all these meme stocks for dead stores that i haven't been to in 10+ years

They are propping up the stocks under the guise of going after hedge funds attempting to make profits shorting these companies.