- Jun 10, 2004
- 14,600
- 6,084
- 136
The problem with the ultra rich is they can always vote with their feet and choose to move somewhere else. See: France.
Red Squirrel
No Lifer
I'd be ok if they simply enforced existing tax laws the same on them as they do on us. People making millions should be paying 40% (all taxes combined) of their income just like the rest of us. Get rid of all the weird loopholes and oversea havens. Actually do something about the panama papers instead of just forgetting about it.
They also should move up the income tax brackets to give us middle class people some relief on inflation. In some places you need to be making like 6 figures just to be able to have an average house, and making that much puts you in a very high tax bracket even though by the time all the bills come out, you're not rich at all.
Also should be possible to write off living expenses. We should only pay taxes on our profit left over after all the bills come out, like a company. That would give a huge relief.
They also should move up the income tax brackets to give us middle class people some relief on inflation. In some places you need to be making like 6 figures just to be able to have an average house, and making that much puts you in a very high tax bracket even though by the time all the bills come out, you're not rich at all.
Also should be possible to write off living expenses. We should only pay taxes on our profit left over after all the bills come out, like a company. That would give a huge relief.
- Aug 4, 2000
- 30,994
- 2,680
- 126
- Aug 4, 2000
- 30,994
- 2,680
- 126
00:24 Time traveler says Donald Trump is re-elected. (video is 6 years old)
I guess if Trump loses we will finally know if Time Travel is bullshit.
08:04 Time traveler is arrested for turning $800 into $350,000,000 in two weeks back in 2003. Im guessing he wasn't long Game Stop. He is released on bail and vanishes.
- Aug 4, 2000
- 30,994
- 2,680
- 126
Indus
Lifer
- May 11, 2002
- 15,981
- 11,120
- 136
- Aug 4, 2000
- 30,994
- 2,680
- 126
My spidey sense tells me we might see QQQ 550 by YE, which is another 10% increase in 60 days.
That means Kamala wins and Republicans take both houses or Trump wins.
The reason is in the near term markets prefer Republicans or at least stalemate government.
- Aug 4, 2000
- 30,994
- 2,680
- 126
Seeking Alpha to the rescue...
Except that its now $32 on fears they will be delisted and kicked out of S&P.
....and this is not the first time its happened for them. I guess they forgot the old adage "Fool me once, we wont get fooled again. Meet the new boss, same as the old boss."
Except that its now $32 on fears they will be delisted and kicked out of S&P.
....and this is not the first time its happened for them. I guess they forgot the old adage "Fool me once, we wont get fooled again. Meet the new boss, same as the old boss."
- Aug 4, 2000
- 30,994
- 2,680
- 126
JTsyo
Lifer
- Nov 18, 2007
- 12,032
- 1,132
- 126
Intel being replaced by nVidia on the Dow Jones. So I expect all the ETFs that track it to be selling Intel and buying nVidia. Question about how it'll work though since Dow Jones is based on stock price; will they be replacing it 1:1 in stock or total amount?
- Aug 4, 2000
- 30,994
- 2,680
- 126
JTsyo
Lifer
- Nov 18, 2007
- 12,032
- 1,132
- 126
It's not, that's why I'm not sure how it works.
Looking further down in the Wiki it seems they will just swap Intel price with nVidia's and then change the factor so that the price stays constant between the swap.
- Aug 4, 2000
- 30,994
- 2,680
- 126
Red Squirrel
No Lifer
Going to be one crazy night. Hard to know what it will do to stock market but I imagine there are lot of major stock holders getting ready to mass buy or mass sell, depending on who wins. I guess tomorrow will be when we see that activity. Although it seems the stock market never is affected as much as we figure by political events, so maybe nothing will even happen.
Charmonium
Lifer
- May 15, 2015
- 10,527
- 3,524
- 136
Gold is up about 60% over the past year and it looks like it's got some staying power. If you look at a chart, that's almost hyperbolic.
I really can't see it staying at current levels tho, but who knows.
I would expect another but small percentage rise once Harris wins. Nobody seems to trust her on the economy.
It's interesting that people still see real estate as the main thing that counts for real wealth. So if this increase is gen z socking away some acorns, you have to expect a more gradual decline as they draw down on those holdings.
I really can't see it staying at current levels tho, but who knows.
I would expect another but small percentage rise once Harris wins. Nobody seems to trust her on the economy.
It's interesting that people still see real estate as the main thing that counts for real wealth. So if this increase is gen z socking away some acorns, you have to expect a more gradual decline as they draw down on those holdings.
- Aug 4, 2000
- 30,994
- 2,680
- 126
- Aug 4, 2000
- 30,994
- 2,680
- 126
Red Squirrel
No Lifer
biostud
Lifer
- Feb 27, 2003
- 19,919
- 7,021
- 136
Tell that to the stock market, lol.
Gotta say I didn't see this coming. Figured it would be an easy victory for Kamala. Futures are up huge.
biostud
Lifer
- Feb 27, 2003
- 19,919
- 7,021
- 136
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