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The economy

Discussion in 'BBS Hangout: Debate & Discussion' started by NewRoxFan, Aug 18, 2019.

  1. ThatBoyNick

    ThatBoyNick Member

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    Great video, don't know particularly where it belongs so I'll post it in a couple of threads

     
    IVFL and B-Bob like this.
  2. NewRoxFan

    NewRoxFan Contributing Member

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  3. dobro1229

    dobro1229 Contributing Member

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    Wait what?? .... so they are also incentivizing massive sell offs now? If anyone was still wondering if the Trump admin thinks it’s sole mission is break everything they touch.
     
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  4. Nolen

    Nolen Contributing Member

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    That should go well. Before stocks really slide, make it easier for the biggest investors to jump out, so we can get that thrilling "falling off a cliff" effect.

    MAGA
     
    mdrowe00, dobro1229, RayRay10 and 2 others like this.
  5. Rashmon

    Rashmon Contributing Member

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    Worst president ever. Not even close.
     
  6. Dubious

    Dubious Contributing Member

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    When in reality, micro-taxing all stock and bond transactions seems like the best tact for deficit reduction (and pay the defense budget)
     
  7. JuanValdez

    JuanValdez Contributing Member

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    This is the idea that when calculating capital gains tax, the original purchase price should be adjusted for inflation -- so you'd tax real dollars gains instead of nominal dollar gains. Here's an article about it. The b-schooler in me actually likes this approach. But I'm not too inclined to give billionaire's money for no reason -- make the change and increase the rate at the same time. And if we're pegging capital gains to inflation, that's probably a good time to peg minimum wage to inflation too, and raise it to a living wage while we're at it.

    (Btw, why is it that whenever we talk about raising minimum wage somebody will wring their hands about how it will impact inflation. A $15 minimum wage is estimated to inject $120 billion. Doing capital gains on real dollars will inject $100 billion. Where's the concern about inflation?)

    I would think making this policy change would put downward pressure on stock prices because you would have more willing sellers. But the reason the Trump Admin would consider doing this (aside from repaying their billionaire friends) is that they can do by executive action and don't need to run it by Congress. It's probably impossible for them to get the House to do anything to delay a recession before the election. But, giving more money to billionaires before the election is probably not a good look for Trump either. He's probably better off bullying the Fed into artificially goosing the economy to get to 2020. I'm happy to take the recession now. It's going to come sooner or later, and I suspect delaying tactics might work but would probably make the recession deeper in exchange.
     
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  8. ROXTXIA

    ROXTXIA Contributing Member

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    THANK you.
    And even more.....immigrants do a lot of jobs that U.S. citizens won't touch. (Relating to this issue of hard workers.) As opposed to "come here to steal jobs" (very partially true, not "bigly" true).
     
    #48 ROXTXIA, Aug 20, 2019
    Last edited: Aug 20, 2019
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  9. adoo

    adoo Member

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    the trading patterns would change. But, w AI, programmed-trading,

    w just a few updates to the trading logarithms,
    would still be able to game the market
     
  10. LabMouse

    LabMouse Member

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    Immigrants keep working, and some lazy Americans keep talking, without immigrants, us will be the number 2 behind China.

     
  11. No Worries

    No Worries Contributing Member

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  12. ROXTXIA

    ROXTXIA Contributing Member

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    That's, "Jy-na".*

    *The World According to Trump.
     
  13. JuanValdez

    JuanValdez Contributing Member

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    Thinking about it more, yeah it'd price loose some shares that people are reluctant to sell because of the tax implications. But, it would also lower the tax burden of buying, so it might not really put any down pressure on prices. Whatever the effect, billionaires would win and middle class taxpayers would lose.
     
  14. adoo

    adoo Member

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    thought abut it more,

    agree that it'd apply selling pressure, causing stock price to fall.
    that said, simultaneously, it'd also create a profitable shorting opportunity for short sellers
    (people who don't own the stock, but borrow it from the broker and sell the downward trending stock.
    this adds more selling pressure. after the stock price goes down some more, they buy the stock back
    at a much cheaper price, and return the stock to the broker.) easy money !
    programmed trading reaps profits when a stock trends up, as well as trending down.​
     
    #54 adoo, Aug 20, 2019
    Last edited: Aug 20, 2019
  15. NewRoxFan

    NewRoxFan Contributing Member

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    ... and btw, with all the complaining about Powell... trump should fire the guy that nominated Powll to the Fed...

     
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  16. NewRoxFan

    NewRoxFan Contributing Member

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  17. KingCheetah

    KingCheetah Contributing Member

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  18. NewRoxFan

    NewRoxFan Contributing Member

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    Interesting...

     
  19. edwardc

    edwardc Member

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    [​IMG]
    Oh it's happening get ready.
     

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