It is by caffeine alone I set my mind in motion. It is by the beans of Java that thoughts acquire speed, the hands acquire shakes, the shakes become a warning.
-Kujako-
It is true in the short term.
In the long term, pretty much all the data in the world - and the data we've accumulated since the beginning of recording data - tells us that taxes do good things for economic growth, and that cutting them only cripples that growth.
But we live in a world where people think Obama killed coal because we only show them the 8 years of coal under Obama, so the short term is really all that matters in a media-centric world.
Pretty much, they believe that businesses having more will magically mean they pass it on to employees. In reality they just split it between the executives and the shareholders and employees get shafted.
Tax cuts and tax incentives without explicit requirements that they go to the employees won't do jack shit.
I've stated in the past I'm perfectly willing to see corporate tax cuts and incentives as long as the bill/law passing this shit also explicitly requires that these funds be passed on to employees proportionately. I've never gotten a response from any of the righties about this kind of thing except for once, when they told me that "telling a business how to use its money is communism" and will thus kill people and other such nonsense.
2014 Gamergate: "If you want games without hyper sexualized female characters and representation, then learn to code!"
2023: "What's with all these massively successful games with ugly (realistic) women? How could this have happened?!"
2014 Gamergate: "If you want games without hyper sexualized female characters and representation, then learn to code!"
2023: "What's with all these massively successful games with ugly (realistic) women? How could this have happened?!"
What has GOP said negative about his tax code? There is no reason to believe GOP would block it.
Yes, but unemployment has dropped by less than a .5% and the growth exceeds that of Obama’s 5% drop. The things you mention about business friendly administration, hinges on the tax code.There is lots to explain the increase. Reduction in unemployment, reduction in regulations, and anti-regulation administration, and the speculation of a business friendly administration. Companies are continuing to see record profits and there are major sectors of the economy that are doing well regardless, frankly, of who is in the white house.
You are right here. I made a mistake. I should have said 15% of the growth aggregate. It would be 15% of the growth that wouldn’t have happened without speculation based on Trump assertions.I'm not saying the stock market won't react if the tax deal falls apart...I just don't follow the logic of the magnitude of the reaction. I mean a 15% drop in the stock market would be a 3,500 point loss on the DOW. That's...really really big, and unreasonably big for what is essentially a status quo continuation.
Folly and fakery have always been with us... but it has never before been as dangerous as it is now, never in history have we been able to afford it less. - Isaac Asimov
Every damn thing you do in this life, you pay for. - Edith Piaf
The party told you to reject the evidence of your eyes and ears. It was their final, most essential command. - Orwell
No amount of belief makes something a fact. - James Randi
I like looking at data. It can be pretty interesting as long as you can detach yourself. Sometimes, major shifts can happened in a relatively short amount of time.
For example, up to 2014, both the US and global stock markets were dominated by oil companies (Exxon, Chevron, Shell, Petrobas, Petro China). Then after the oil price crashed, the last 4 years have been dominated by the likes of Apple, Alphabet, Microsoft, Amazon, Berkshire Hathaway, Johnson & Johnson , and Facebook. Both Apple and Microsoft now have market caps of twice that of Exxon. Amazon and B&H market caps are higher than Exxon. That is quite a shift in fortune in a short amount of time.
Last edited by Rasulis; 2017-10-23 at 07:46 PM.
It is very possible. The stock market is very vulnerable to emotion from investors.
Uhh...were you in a coma from 2008-2016?
- - - Updated - - -
I believe there were some "we have to keep it revenue neutral" from some of the usual suspects. And that I think is the biggest deal breaker atm...
Not entirely. You cannot ignore the effect of the reduction in regulations, putting very business friendly people in charge of key departments like the EPA, nor can you ignore the general sort of protectionism coming from the administration. I'm not at all saying the tax discussion isn't a factor -- I just think it's not quite as all encompassing as (I think) you are portraying it.The things you mention about business friendly administration, hinges on the tax code.
That makes more sense to me. Thanks!You are right here. I made a mistake. I should have said 15% of the growth aggregate. It would be 15% of the growth that wouldn’t have happened without speculation based on Trump assertions.
Fun Fact the stock market gains under Trump isn't more then the gains under Obama's re-election
Since Nov9, 2016 to now (349 days after Trump's election):
Dow up 27.07%
S&P 500 up 20.35%
Nasdaq up 28.05%
Since Nov7, 2012 til Oct 21,20013(349 days after Obama's re-election):
Dow up 16.36%
S&P 500 up 22.15%
Nasdaq up 31.70%
So only the Dow 30 stocks (Apple wasn't part of the Dow in 2013) are up higher under Trump then Obama's re-election which the stock market knew that more socialism? was coming...
Personally I think the reason the market hasn't pulled back since Trump's election is the promise of a capital gains tax cuts. Why would you sell stocks when a tax cut is likely to occur under full Republican control. Then once they saw how Trump is a giant baby hell bent on undoing everything Obama did and Obama increased cap gains tax on Trump's friends it seems very logical for wall street to assume a tax cut is coming for them.
Cleared out my 401k and etrade account and put the funds in my dresser drawer. I'll take them out when all of this blows over.
Yeah, I'm sure I am not someone who stands out here on mmo-c. I doubt I'm ever recognized by the average, common, mmo-c poster.
There are definitely some pretty crazy things posted on this forum by people who regularly back up their crazy posts. I should probably just make my signature "~slash_s" cause I rarely take or post anything on this forum in a serious way*.
*Except for the current thread on beer. Now THAT is serious. Beer lover here
Last edited by callipygoustp; 2017-10-23 at 09:11 PM.