Boiler Room: The Official Stock Market Discussion

[CrimsonTider]

the same talking points for GOP existed during the Clinton vs Bish election. Economy prospered when taxes were raised.

That’s cause the rich don’t spend, they hoard money

I can’t believe it’s 2020 and people still think republicans economic ideas are sensible

 

[Kyle C. Barker]

Might seem crazy but what if some of the super wealthy just up and leave. Like I don't know how taxes work in other countries but what if like Jeff Bezos says fukk it, ima move to Canada and goes up to Vancouver since it's right there by Seattle. Or any other billionaire. Can run the company remotely and travel in for important meetings on occasion. Don't know how the citizenship thing will work but with the world so connected now, presence isn't really needed. Just a thought in my head of what would happen if a rich person decided to move elsewhere. Does seem complicated depending on that countries tax laws as well. But the wealthy do have more possibilities of doing things like that. They can invest in crypto or other stock markets wherever they may go. I think Canada got a market, don't know if they have the major stocks on it. They'll find a way I'm sure. It's easier to make money when you have lots of money then when you don't have as much.

IRS rules are still very favorable to those in the top 10%. Put it this way, trump paid more taxes to China than he did to the U.S.

And Amazon is able to pay $0 in taxes just about every year. They ain't going anywhere. And that was with barack, bush, and Trump.

You also have to keep in mind that states actively throw money at large corporations to get them to move their operations locally. Texas threw money and tax incentives at Tesla to bring them in just like Virginia threw money and tax incentives at Amazon too open up a second HQ.


Anyways I wouldn't worry

 

[Starski]

That’s cause the rich don’t spend, they hoard money

I can’t believe it’s 2020 and people still think republicans economic ideas are sensible

I swear to god it’s fades on sight if anyone even remotely believes trickle down economics

I’m still standing by the fact anything other than a DDD sweep markets get spooked....

everyone from Powell to Jamie dimone & friends made it crystal clear.... if no substantial stimulus the economy is fukked.

shyt.... look at what SAP did this morning

 

[Kyle C. Barker]

And for a third example, Wisconsin threw money at Foxconn and gave them a ton of tax breaks as well as build roads for them

 

[dora_da_destroyer]

Might seem crazy but what if some of the super wealthy just up and leave. Like I don't know how taxes work in other countries but what if like Jeff Bezos says fukk it, ima move to Canada and goes up to Vancouver since it's right there by Seattle. Or any other billionaire. Can run the company remotely and travel in for important meetings on occasion. Don't know how the citizenship thing will work but with the world so connected now, presence isn't really needed. Just a thought in my head of what would happen if a rich person decided to move elsewhere. Does seem complicated depending on that countries tax laws as well. But the wealthy do have more possibilities of doing things like that. They can invest in crypto or other stock markets wherever they may go. I think Canada got a market, don't know if they have the major stocks on it. They'll find a way I'm sure. It's easier to make money when you have lots of money then when you don't have as much.

This isn’t happening. One, they didn’t move before trump - ie Obama era - Biden aint Bernie, he ain’t going full retard so what would they be running from? All the “attractive” countries have higher taxes including Canada and not of Europe.

Secondly, look at California and our taxes and see how empty the “fleeing billionaire” threat is. These people have so many ways around taxes including keeping money offshore, they ain’t stressing Biden ticking taxes up 1-5%

 

[dora_da_destroyer]

So if we woke up at 4am... we could be eating?

 

[dora_da_destroyer]

looks at all the red

 

[funkee]

it's hand-sitting and bagholding time for the near future for me other than m1 additions

 

[ExodusNirvana]

*makes some wires transfers to his brokerage*

 

[the cac mamba]

there's that pre-election 'uncertainty" ive been banking on

 

[Serious]

there's that pre-election 'uncertainty" ive been banking on

The question is.....

You buying, selling, or being scared and doing nothing

peep my sig you if need any guidance

 

[Rickdogg44]

The question is.....

You buying, selling, or being scared and doing nothing

peep my sig you if need any guidance

May play TZA, SQQQ, SPXU

 

[Scholar]

I swear to god it’s fades on sight if anyone even remotely believes trickle down economics

I’m still standing by the fact anything other than a DDD sweep markets get spooked....

everyone from Powell to Jamie dimone & friends made it crystal clear.... if no substantial stimulus the economy is fukked.

shyt.... look at what SAP did this morning

Powell been saying it for months.

Two deep red days might make Trump panic and somehow push a stimulus through

 

[Scholar]

If we get another October 29th crash

 

[Serious]

BURRRRRRRRRRRRRRR