http://www.businessinsider.com/trump...m-plan-2017-10
Related to the tax reform attempts - it took 24 hours for Trump to go from "NO TOUCHING 401K!" to "Well, it's on the table!"
He's words are reliably unreliable.
http://www.businessinsider.com/trump...m-plan-2017-10
Related to the tax reform attempts - it took 24 hours for Trump to go from "NO TOUCHING 401K!" to "Well, it's on the table!"
He's words are reliably unreliable.
The market will tumble if cuts are promised but not delivered. It will not tumble solely due to existing business conditions. That's fearmongering.
The Stock Market is so ridiculously disconnected from the every-day income and employment reality of the common American as to be completely meaningless.
Short of the Stock Market dropping by something insane like half or more, a "tumble" will go absolutely unnoticed by the average American.
This is just more bullshit fearmongering by the 'cons to get stupid people to support things that are against their interests.
Human progress isn't measured by industry. It's measured by the value you place on a life.
Just, be kind.
[QUOTE=Mittens;47699248]That is common sense because none can actually predict the future. But if the financial experts of MMO-c are so sure that we are on a bubble, they are free to give it hand, else they are these guy:
lol 25% in such a short time, history kind of represents this as a sign of anything from a mini bust to a full on crash.
only time a gain like this sticks is right after the market drops 25-50%.
not to mention this is on top of a 200% run up prior to Trump even getting into office.
they might not be able to predict the future, but they sure are able to put odds on the table.
Fearmongering. Even if there is a short-term backlash, the market will correct itself. In any case, who cares, you should be investing in the long term anyway.
i don't see tax reform passing in its current format.
When the report shows that the current tax reform will actually increase tax on the middle class, and give massive cut on the wealthy.
The congress has shown its willingness to shut down any legislature that does not beneficiate its electoral base, regardless of parties.
People are opening their eyes on the ploy to make the rich richer at the cost of the average american.
I second this. People are working so hard to find the next Amazon/Google or trying to beat the market. They forgot that there are companies that have been beating the market for 30 years or more.
Take a look at Oracle. When Satya Nadella was asked which product he wishes that Microsoft had developed first, he had a somewhat surprising answer: The relational database, a key element of most software, which Oracle first brought to market in 1979. That 10-year lead gave Oracle a huge lead over their competitors that they have maintained to the present. Oracle's products market share is larger than nos. 2 and 3 combined (Microsoft and SAP). Actually it is larger than 2, 3 and 4, except I can't remember the name of no. 4.
Also Johnson & Johnson, Procter & Gamble and Quest Diagnostics. All three have one factor in common, even during the worst economic conditions, people still have to use their products.
While I was employed at Oracle 1983 – 1987 I took advantage of their stock discount program, and maxxed out my option every year. My roommate, we called him Mr. Wall Street Journal, kept telling me that I was wasting my money, and that the stock had already peaked. I wish we had kept in touch, just so I can say “I told you.”
Technically, truth can be fear-mongering. But I would take a qualified guess that if those tax cuts aren't passed, it would make the stock market tumble to some degree (this going from either dropping or just stagnating). It should be fairly obvious that some of the purchases and prices of stocks are at their current level, because they were expecting said tax cuts.
Unless of course someone can convince people that the price they bought for will just take a bit longer to be profitable.
From the angle I’m looking at it would be good if the market fell so that trump looks really good with a tax cut and then we can blame obama like how every other stock market crash blamed the previous president.
On the other hand which is reality the market is not going to crash anytime soon. The stock markets current uplift is reflected on the positive global growth. Everywhere that is connected to the global economy seems to be improving tremendously since the financial collapse of 08. This in turn spurs more growth for the stock market and with new consumer demand will only add to this positive vibe.
The tax cut itself I’m not looking at from a down trickle economics perspective I just see it as a necessity since our tax codes are archaic. Thirty years is a long time and with technology we need simplicity not complexity.
That's odd since their stock did not go public till 1986.
Initial Public Offering (IPO) of 2,100,000 shares was on March 12, 1986 (Merrill Lynch & Co., Alex Brown & Sons, Inc.), with an offering price of US$15.
seems like you had less then a year to take advantage of their program
It is something that I have been trying to explain to people. All they need to do is look at these companies' financial statement. Amazon (a company with revenue over 130 billion in 2016) paid 1.5 billion in taxes on a 47 billion profit. Oracle (50 billion in revenue in 2016) paid 2.56 billion on 30 billion profit. These companies, especially the multi-national and tech companies, are not paying anywhere near 35% tax rate. Not even 20%.
Yep. Here is an interview with Satya Nadella. Check the last question about corporate tax. Better yet listen to the podcast. Here is a CEO whose company is listed by WSJ as one of the top 10 companies that will benefit the most from the corporate tax reduction, and if you listen to the interview, it barely elicited any response, let alone excitement.
https://www.marketplace.org/2017/09/...resh-microsoft