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This bill will kill me, and millions of others, with new taxes, but I thought that at least it will send the stock market higher, but the market has been down every day since the passage of the bill.
Um... yeah... because it's NOT a tax cut for the rich. It benefits the WORKING class. What is it going to take for the brainwashed lefties to GET that?
Um... yeah... because it's NOT a tax cut for the rich. It benefits the WORKING class. What is it going to take for the brainwashed lefties to GET that?
I am not rich, but I am going to get hammered with a tax hike.
So, you are saying a corporate tax cut will NOT benefit corporations, and will NOT benefit the stock market?
You also seem to be saying the stock market is driven only by the rich?
I think you need to check with your handler about the talking points.
Um... yeah... because it's NOT a tax cut for the rich. It benefits the WORKING class. What is it going to take for the brainwashed lefties to GET that?
This wasn't passing without come concessions to the middle class, stop avoiding the obvious benefits to the wealthy. Even Mitch McConnell admitted he needed to satisfy his donors, why can't you.
This wasn't passing without come concessions to the middle class, stop avoiding the obvious benefits to the wealthy. Even Mitch McConnell admitted he needed to satisfy his donors, why can't you.
Watch the stock market. If the tax bill benefitted the rich instead of the working class, the stock market would have soared after it passed. It hasn't.
Watch the stock market. If the tax bill benefitted the rich instead of the working class, the stock market would have soared after it passed. It hasn't.
Wondering why your 'Quants' are apparently worried?
Quote:
“It’s a Ponzi scheme,” a Wall Street executive told me, dismissing the idea that a multi-trillion dollar tax cut for multinational corporations would trickle down throughout the economy and also pay for itself. It’s a view that’s widely shared among the bankers, hedge-fund managers, traders, and quants whose job it is to determine, with Vulcan accuracy, how the Republican tax bill that passed the House yesterday will actually affect the markets. It’s also more than a little ironic, given that the plan was spearheaded by two former senior partners of Goldman Sachs turned Trump shills—Gary Cohn and Steve Mnuchin—a pedigree that has done little to reassure Wall Street veterans who worry that the White House may accidentally nuke the economy in the name of “tax reform.” “Will this be the first tax cut in American history that actually results in a recession?” the executive asked.
It's a good question. ...
“IT’S A PONZI SCHEME”: WALL STREET FEARS TRUMP’S DERANGED TAX PLAN COULD KICK OFF ECONOMIC EUTHANASIA
Wall Street vets say an attack on blue states could start a chain reaction in the housing market. “Will this be the first tax cut in American history that actually results in a recession?”
Wondering why your 'Quants' are apparently worried?
Not my quants. Wall Street firms' and huge state pension plans' quants. Why are they worried? The new tax law DOESN'T benefit the rich. It's for the working class.
Quote:
“IT’S A PONZI SCHEME”: WALL STREET FEARS TRUMP’S DERANGED TAX PLAN COULD KICK OFF ECONOMIC EUTHANASIA
Wall Street vets say an attack on blue states could start a chain reaction in the housing market. “Will this be the first tax cut in American history that actually results in a recession?”
Watch the stock market. If the tax bill benefitted the rich instead of the working class, the stock market would have soared after it passed. It hasn't.
I imagine that the recent soaring gains in the stock market were in anticipation of the coming tax reform bill. If one wishes to profit in the market, one buys ahead of such events, not after the anticipated event happens.
I imagine that the recent soaring gains in the stock market were in anticipation of the coming tax reform bill. If one wishes to profit in the market, one buys ahead of such events, not after the anticipated event happens.
While that's generally true, if this were a huge tax cut for the rich, they'd anticipate the savings and invest even more.
It's the working class that will benefit from this tax law, NOT the rich.
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