Stock Market Impact

[MOS0231]

https://www.zerohedge.com/markets/stocks-puke-bidens-capital-gains-tax-reality-strikes
Not sure if the capital gains tax affects anyone here, but all the markets are taking a hit. If you have a longer event horizon, then no big deal (least SHTF).

 

[Brent S]

https://www.zerohedge.com/markets/stocks-puke-bidens-capital-gains-tax-reality-strikes
Not sure if the capital gains tax affects anyone here, but all the markets are taking a hit. If you have a longer event horizon, then no big deal (least SHTF).

Yeah, I doubt anyone here will be in the million dollar plus tax bracket. One thing I noticed in the article was it said the Dow ’plunged’ over this report. The 250 point move is pretty normal by todays standards. If it moved 250 points a few years ago it would have been a big deal, but that’s a normal day lately, up or down. I actually think that the rich paying the same rate as the common people is a good idea. I’m a big fan of the fair tax. When rich people use accountants to not pay their share I feel like we didn’t even get Vaseline.... one thing I wish though would be that the govt quit wasting all the money they get from us. I’m ok with paying taxes and understand we need roads, bridges and such, but stop pissing away huge amounts of money on worthless crap.....

 

[Mountain trapper]

https://www.zerohedge.com/markets/stocks-puke-bidens-capital-gains-tax-reality-strikes
Not sure if the capital gains tax affects anyone here, but all the markets are taking a hit. If you have a longer event horizon, then no big deal (least SHTF).

Much of my income comes from dividends. Currently capital gains are taxed at 15%. Of course that POS Biteme wants to raise it.

 

[MOS0231]

Yeah, I doubt anyone here will be in the million dollar plus tax bracket. One thing I noticed in the article was it said the Dow ’plunged’ over this report. The 250 point move is pretty normal by todays standards. If it moved 250 points a few years ago it would have been a big deal, but that’s a normal day lately, up or down. I actually think that the rich paying the same rate as the common people is a good idea. I’m a big fan of the fair tax. When rich people use accountants to not pay their share I feel like we didn’t even get Vaseline.... one thing I wish though would be that the govt quit wasting all the money they get from us. I’m ok with paying taxes and understand we need roads, bridges and such, but stop pissing away huge amounts of money on worthless crap.....

Well said.

 

[MOS0231]

Much of my income comes from dividends. Currently capital gains are taxed at 15%. Of course that POS Biteme wants to raise it.

Yeah, he needs a way to pay for his infrastructure plan, that about half actually real infrastructure.

 

[Brent S]

Im not saying I agree with it but I have a feeling we are all going to be paying more taxes in the future, and not just the rich. In the real world you can’t just keep spending more money without getting it from somewhere.

 

[MOS0231]

Im not saying I agree with it but I have a feeling we are all going to be paying more taxes in the future, and not just the rich. In the real world you can’t just keep spending more money without getting it from somewhere.

Between that and his recent announcement of cutting carbon emission by 50% by 2030, I think a lot of things are going to get more expensive, especially food.

We have needed infrastructure repairs and upgrades for decades. But redefining what is infrastructure is just plain moronic.

 

[Mountain Dragon]

and not just the rich

Not just the rich?

Better go and take the REAL taxes from the big multinational firms - not only like 0.02% like from Amazon or similar firms. Take the same percentage like they take from the workers salary - then we can go ahead talking.

 

[Mountain trapper]

Im not saying I agree with it but I have a feeling we are all going to be paying more taxes in the future, and not just the rich. In the real world you can’t just keep spending more money without getting it from somewhere.

Thats what you voted for when you cast your ballot for Biden. You should be ecstatic to be paying more for EVERYTHING.

 

[Dracos]

No one, not even even a government can keep borrowing forever. I think most of us know hyperinflation is a real threat. When it happens, I would rather have tangible assets like land and tools, but also gold and silver. And of course weapons and ammo.

 

[Brent S]

The world is going to ****, and has been for a long time now. As I’ve said before, stick to the basics of prepping and you will survive. There are some hard economic times coming up but people have faced them throughout history. Remember the basics, water, food, shelter, security. Then comes family and friends. If you have these things covered then you will be ok