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

Not complaining about my income.
Go earn it

 

What about hurting politicians instead?

 

Nope. The economy grew due to the tech boom. Deficits and debt EXPLODED because revenues fell.

False.

His recovery was fantastic. It’s the longest period of economic expansion since ww2

It has fluctuated repeatedly because trump is a moron and can’t stop twittering.

Because your ideology trumps reality to you.

 

It's THEIR cash. They can do whatever they want with it and nobody has a right to try to take it from them because of some perceived idiotic notion that people deserve it just because they exist. Some people have money because they worked hard for it. Some folks are poor because they won't get off their fat asses and get a job and are happy living off handouts from the gubmint. If people can move here with 20 bucks in their pocket from Russia and become millionaires then I am positive that Americans that were born here can do pretty much the same thing. It's not my responsibility to fund some person that I don't even know for any reason.

 

High-net worth individuals (HNWIs) — people with at least $1m in investable assets"

They are investigating! The pie chart is about investments! And there has been some growth in investments, that are cash/cash equilvents....which only means they are investments that are more liquid....ie easier to turn into cash and spend! Your OP, actually goes against you! They want to be able to turn their investments in to cash quicker! TO SPEND IT

 

It's unclear that you understand what you are looking at. You are suggesting that high net-worth investors have too much cash in their portfolios.

Are you suggesting that investors shouldn't do this? Why should investors not keep liquids assets in their managed portfolios?

 

Are you suggesting that Cash in an Investment Portfolio isn't an investment...

Because that isn't correct.

 

I'm curious as to what financial/economic rationale you're using to discount cash & cash equivalent as an investment. Cash obviously yields a return because there is an opportunity cost.

If you're saying cash has no opportunity cost, you're essentially saying that it has no value, which is also incorrect.

Either way, you try to explain your logic in the best way that you can. So far, it's not make any sense.

 

Every time they talk about helping "the poor", they're really talking about helping themselves to the stuff of everyone that makes more than them.

They don't want UHC because it supposedly lowers costs, they want it because people that earn 5 time their income will pay 5 times more in payroll taxes to cover them.

 

If Biden were to get his high tax rate for capital gains it's Katy bar the door on the Street because you want to take your profits now while tax rates are still somewhat reasonable.

 

The economy didn't take off. We haven't even had yearly 3% GDP growth. The deficit, on the other hand, is back up to a trillion, so I guess we can't say the tax cuts had no effect.

 

There are still some people here who believe the rich have their best interests at heart? Oh man. How many times do you have to be hit over the head? The rich don't even live in the same world as we do. Companies like Apple, Google, Facebook, Purdue, etc. do not care about you and would walk over your corpse to scrape up an extra penny for the shareholders.

I don't know why you Trump supporters were ever OK with giving the big tech companies debt-exploding tax breaks. Did you actually think they would spend the extra money responsibly? Lol

 

Is GDP higher or lower than under Obama? Unemployment? Consumer confidence? The stock market did take off, at the same time Trump was elected in anticipation of lower regulation and taxes. That foresight turned out to be true.

Personal tax receipts are higher, that's because of spending.

 

But Swamp People do?

 

It depends on the time period. Obama had several quarters of 5%/near 5% growth. Trump hasn't been able to pull that off yet.

Lower. Do you think the tax cuts were responsible? Because unemployment had been dropping long before the tax cuts were passed.

Offhand, I couldn't tell you.

The stock market has continued it's same steady upward trend it's been on since before Obama's second term.

U.S. Tax Revenues Fall, Deficit Widens in Wake of New Tax Law
https://www.wsj.com/articles/u-s-tax-revenue-declined-0-4-in-2018-11550084426
Treasury has attributed the weaker revenue—including lower corporate and individual income-tax rates—to the tax law that took effect in January 2018

 

No. Instead of the tax cuts that were passed, that mostly benefited the wealthy and elite corporations, I would have slashed middle-class rates and increased the Child Tax Credit to help out working families.

I certainly wouldn't have modeled a tax plan on making giant tech companies richer. Why were you guys OK with lining the pockets of companies like Google, Facebook, Apple, etc. ? Who thought THAT was a good idea? Did you?

 

Big Tech companies are some of the best companies to invest in. They obviously spend their money responsibly...

 

Nobody works as hard as they do for themselves. People work hard to support their families, give their kids a better opportunity than they had, maybe a little easier too, and ultimately retire knowing that their loved ones are as well taken care of as possible. You are no way negatively impacted by my kids inheriting my wealth after I die.

 

That is simply false, on election day the market was about at the same place it was in December 2014. At the time of the election the market began rising, 1680 points total to Inauguration Day, in anticipation of lower regulation and taxes. The market is up over 48% since election day.

 

You can't do a tax cut without benefiting the wealthy, who pay most of the taxes. They are the job creators. Can we agree on raising taxes on the half the country that pay zero income tax?

 

LOL, you think being wealthy makes kids lazy?

Bless your heart

 

Managing (ie, protecting, preserving, modest growth, etc) a reasonable estate is pretty much a full time job.

 

And yet plenty of people received pay rises, got promotions, educated themselves to higher paying jobs, etc etc.

 

You said that out loud (my bold).

Unbelievable.

 

People who 'hoard' their money are doing just that. Providing for their families. Something we're all supposed to be doing.

It's Progressives who want to avoid that responsibility.