Rich people are hoarding cash, and wealth managers are getting frustrated

Discussion in 'Current Events' started by Quantum Nerd, Sep 10, 2019.

  1. Bowerbird

    Bowerbird Well-Known Member

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    This is not helping
    upload_2019-9-11_7-27-31.jpeg
    Who wants to invest if the Stockmarket is volatile
     
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  2. vman12

    vman12 Well-Known Member Past Donor

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    0.7%?

    That's 7k for every million.....
     
  3. rahl

    rahl Banned

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    The economic trend has been on the same unchanging line since 2010. Tax cuts did not have any effect on it. All that happened, is the same thing that happens every other time republicans do it. Deficits and debt EXPLODE, and wealth is further concentrated to the top 1%.
     
    Last edited: Sep 10, 2019
  4. Paul7

    Paul7 Well-Known Member

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    No, it causes the economy to take off, even when Democrats like JFK cut taxes. To use his words, a rising tide lifts all boats.

    Let's see, the stock market was flat for a year up until 11/16, then dramatically took off. Wonder what happened that month?
     
    Last edited: Sep 10, 2019
  5. rahl

    rahl Banned

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    And the data directly refutes this fanatic religious belief of you righties. Tax cuts do not cause economies to magically take off. They cause deficits and debt to explode. We have decades of data showing this. The economic trend has remained unchanged since 2010. Trumps tax cuts did not change it. They only caused a falling deficit handed to him by Obama, to trillion dollar deficits. It’s total fiscal incompetence.
    The stock market tripled under Obama. It’s fluctuated dramatically under trump. Mainly because he is an incompetent buffoon who can’t keep his thumbs off of Twitter.
     
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  6. Bluesguy

    Bluesguy Well-Known Member Donor

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    So raise taxes on the bottom 50%?
     
  7. FreshAir

    FreshAir Well-Known Member Past Donor

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    I agree, too risky right now, and too big a chance of a crash where they can put money back in for cheap
     
    Last edited: Sep 10, 2019
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  8. FreshAir

    FreshAir Well-Known Member Past Donor

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    pay the bottom 50% enough to be taxed
     
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  9. squidward

    squidward Well-Known Member

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    Is that why we smack the **** out of people who only make a few hundred K with the tax code?
     
  10. squidward

    squidward Well-Known Member

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    Earn it
     
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  11. squidward

    squidward Well-Known Member

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    People complain about "the rich" then praise government when it makes them richer.
    Makes no sense
     
  12. FreshAir

    FreshAir Well-Known Member Past Donor

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    they do, just the rich want cheap labor and wont pay it, that is why people like Trump hire illegals, and foreign labor

    when the bottom 50% do better, the country does better
     
    Last edited: Sep 10, 2019
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  13. Right is the way

    Right is the way Well-Known Member

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    Who is not tax at the same rate. Everyone pays the same rate as they move up the bracket. And as you love to a new bracket you pay increasingly more. Are you saying everyone should pay, say 25% on everything?
     
  14. jcarlilesiu

    jcarlilesiu Well-Known Member Past Donor

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    How many poor people are taking risks?

    Lol.

    Come on.
     
  15. squidward

    squidward Well-Known Member

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    I'm not complaining.
     
  16. Paul7

    Paul7 Well-Known Member

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    Nonsense, when Reagan cut taxes, for example, tax receipts doubled because the economy was ignited, one year I believe growth was over 7%. That's not supposed to happen, at least if you're a liberal. JFK's tax cuts produced similar results. What causes deficits and debt to explode is entitlement spending, freebies for illegals, etc. I'm certainly against those tax cuts that allowed half the country to pay no income tax.

    LOL, Obama was a major league debt producer, his phony stimulous bill was just a payoff to his union cronies.

    Starting at a VERY low point after the housing crash, big deal. Normally the worse the recession the greater the recovery, not with the community organizer.

    Bunk, from election day 2016 to today the DJIA is up about 48%, from 18,145 (about what it was in December 2014) to 26,909 as of today. After being flat most of 2016 the market took off when Trump was elected in anticipation of business friendly policies, it was up 1,680 from Election Day to Inauguration Day, an event the LW no doubt wrongly credits Obama with.

    I'll take more of that buffoonery, please.
     
    Last edited: Sep 10, 2019
  17. Socratica

    Socratica Well-Known Member

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    Everyone (or everyone with a higher than average risk tolerance). If there is no volatility, then there is no way for equities to move. If equities don't move, investors don't earn capital gains.
     
  18. Socratica

    Socratica Well-Known Member

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    I have to say, I'm disappointed. Given our conversations, I thought you would have made a more informed post than this.
     
  19. Socratica

    Socratica Well-Known Member

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    Mh... I can't disagree with part of your post. There are legitimate issues with Wealth Managers...
     
  20. The Wyrd of Gawd

    The Wyrd of Gawd Well-Known Member

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    You are only taxed if you have an income. You could have $1 Billion in cash and have no income so you wouldn't owe any tax.
     
  21. Rexxon

    Rexxon Well-Known Member

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    Imo, only if that tax rate HURTS the rich as much as it does the poor.

    A 25% tax rate will hurt the rich much less than the poor, whom have less disposable income.
     
  22. Socratica

    Socratica Well-Known Member

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    On the first $100,000? What do you mean by this?
     
  23. FreshAir

    FreshAir Well-Known Member Past Donor

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    why did you snip my post? You're not complaining about Trump hiring illegals or American corps preferring non-American workers over American workers?
     
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  24. Professor Peabody

    Professor Peabody Well-Known Member Past Donor

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    It always happens when Democrats are vowing to take it away.
     
  25. Professor Peabody

    Professor Peabody Well-Known Member Past Donor

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    YES! That's why he wants to build a wall to keep them out............:roll:
     

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