Active market traders

[Jtbny]

The past couple of weeks I have tried to educate myself more on SPACs. They sound cool, but not sure I like them much and they are way overhyped. I receive reports from the SEC daily and this one came in this morning.

I love SPACs but the space is weird right now. In the last 6 months or so it seems everyone is starting one. The key is management. I look for teams that have launched successful SPACs targeting a sector I like. For example - GSAH is Goldman Sacs who is targeting fintech (rumor of Blockfi). Then look at the PIPE and how the deal is structured. Its a great opportunity to get in low. Look at Roblox this week. It IPOed at $45 but retail wasn't in under 60. If you get into a SPAC at around $10 and you don't like the target once announced or they fail to deliver you lose nothing if you redeem your shares prior to a merger.

Also as an option guy selling contracts on SPACs has been pretty profitable. I can sell the 12.5p contract when its below that for 60 days out. I use the above criteria except I also target the SPACs that have been around a little while as they need to find a target as part of their charter.

UTZ went public via SPAC. Same with Draftkings, SPCE, Purple, ect ect.

@ID - Cool Lambos. I love their loud colors. Kind of like a bag of Skittles

@Joel - good idea taking bits and bytes profits and turning it into something tangible. Me, Ive been buying cars because I'm a degenerate. I just bought a 2010 Honda Element I'm turning into a qusi bug out vehicle. I have a love for Chevettes and sold my red 78 and picked up another 78 in much better condition and I bought a 79 Firebird Formula w/a 400 in it because I think its cool Its not silver but its something

[Mark1T]

Good post, JT. You are more educated than most. I believe the SEC's concern are more for the not so informed day-traders who might be influenced by celebrity spokespeople and other types of hype.

[NorwichGrad]

I love SPACs but the space is weird right now. In the last 6 months or so it seems everyone is starting one. The key is management. I look for teams that have launched successful SPACs targeting a sector I like. For example - GSAH is Goldman Sacs who is targeting fintech (rumor of Blockfi). Then look at the PIPE and how the deal is structured. Its a great opportunity to get in low. Look at Roblox this week. It IPOed at $45 but retail wasn't in under 60. If you get into a SPAC at around $10 and you don't like the target once announced or they fail to deliver you lose nothing if you redeem your shares prior to a merger.

Also as an option guy selling contracts on SPACs has been pretty profitable. I can sell the 12.5p contract when its below that for 60 days out. I use the above criteria except I also target the SPACs that have been around a little while as they need to find a target as part of their charter.

UTZ went public via SPAC. Same with Draftkings, SPCE, Purple, ect ect.

@ID - Cool Lambos. I love their loud colors. Kind of like a bag of Skittles

@Joel - good idea taking bits and bytes profits and turning it into something tangible. Me, Ive been buying cars because I'm a degenerate. I just bought a 2010 Honda Element I'm turning into a qusi bug out vehicle. I have a love for Chevettes and sold my red 78 and picked up another 78 in much better condition and I bought a 79 Firebird Formula w/a 400 in it because I think its cool Its not silver but its something

Thanks for sharing your thoughts on SPAC. Just so you know since you like IPOs, Coinbase will soon go public. I plan to snag some shares. And there is absolutely nothing wrong with toys. You and ID both like cars. I like guns. hehehe. My dream gun is a Barrett 50-cal. Someday I will exchange some cryptos not for silver, but for a Fiddy Cal. In the meantime, 300 Winchester magnum will do.

[Jtbny]

Good post, JT. You are more educated than most. I believe the SEC's concern are more for the not so informed day-traders who might be influenced by celebrity spokespeople and other types of hype.

Oh ya people are getting sucked in. As long as they are in at the NAV (Floor price) its not too risky. I rarely buy a SPAC that is 10% above that floor price with the exception of CCIV (Merging w/ Lucid). This one is two fold for me; I like the company and it was oversold when it dropped; the IV is high which means good premiums on the options I'm selling on the 300 shares I currently own.

Thanks for sharing your thoughts on SPAC. Just so you know since you like IPOs, Coinbase will soon go public. I plan to snag some shares. And there is absolutely nothing wrong with toys. You and ID both like cars. I like guns. hehehe. My dream gun is a Barrett 50-cal. Someday I will exchange some cryptos not for silver, but for a Fiddy Cal. In the meantime, 300 Winchester magnum will do.

I love both cars AND guns

[Jtbny]

I started to take a position in $UWMC (United Wholesale Mortgage). Their financials are amazing AND they pay a dividend. They seem to be highly undervalued and heavily shorted.

200 shares at 8.40 and sold 2 $9put contracts to be assigned at $8 per share if assigned.

***Not advice. I have a brain the size of a peanut.

[Jtbny]

GME:

Not sure if anyone is still following along the Gamestop saga but we had another twist late last week. A movement by WallStreetBets started off small and exploded. No, not another stock but a movement to adopt gorillas. Yup, those retards, over the course of (I think) 2 days, donated $200K to the Dian Fossey Gorilla Fund and she responded by making a thank you video.

So the next time you hear one of these suits jump on TV and cry about the market being a casino remember these kids who are donating are not rich. Many of them are still in college and are trying to just make it week to week. Yet, here they are having a positive impact because "They like the stock" and want to do better than these market manipulators. Another amusing aspect of this is that were donating in the name of Gamestop.

Heres the Director of the Gorilla fund sending her thanks

https://www.reddit.com/r/wallstreetb...r_of_the_dian/

Edit: there is a reason WHY its gorillas too. Long story but just no it wasn't random

[NorwichGrad]

I have always wanted a 1-kilo silver bar. So when the opportunity presented itself, I took profit from ethereum and exchanged it for physical asset. The timing was also great because Wall Street Silver / Silver Squeeze happened this week. The goal of this movement is to expose the crimes at COMEX by draining their physical silver. It was great to be part of this peaceful revolution against the criminal bankers.

A few years ago, a kilo bar was 'only' 500 bucks. Now it's a little over a grand.

I am carefully watching the NYSE. The DOW seems to be approaching the 100th year high point. When this happens, correction may be imminent. Some analyst are saying it could correct down to 15K. It doesn’t matter where the DOW or the other major indices go. But it matters in a sense that when NYSE corrects, cryptos will follow. And when cryptos drop, there’s buying opportunities.

Buy low. Buy at the dip.

At any rate, I have diversified my crypto portfolio:

Bitcoin – Why? Why not. Cuz it’s the OG of cryps, yo.

Ethereum – Why? Why not Cuz it’s the OG of alt coins, yo.

So far I’m thankful to both BTC and ETH for helping me stash more phyzz. (Pronounced fizz, short for physical silver in the stacking community).

XRP – I am bullish and long term on this. There is good chance it will be used by most banks around the world. France and Japan are already using it. XRP is cleaner, faster, and cheaper than BTC. Who knows, it may even replace BTC. Yes, I hate banks and gubmints. They are criminals. But they are not going away any time soon. So I might as well play.

XLM – XRP is to bankers what XLM is to the common dood. The founder of XLM used to work on the XRP when he was with ripple.

Cardano – possibly the next ethereum. The founder used to work for ethereum. In fact, he was co-founder. You guys see any pattern here?

Theta – lots of potential. Imagine a decentralized internet. That’s the power of theta.

I plan to keep stacking the shiny with BTC and ETH profits. I expect cryptos to be bullish for the next couple of years, to include the anticipated NYSE correction.

The other alt coins are for mid to long term.

And don’t forget, keep paying it forward fellas!

PS - John. I know I had mentioned this before. But just want to mention it again. Thanks for starting this thread. This thread was exactly what I needed to motivate me to play the game. I knew about the game long ago, but I didn't play it until now.

[NorwichGrad]

GME:

Not sure if anyone is still following along the Gamestop saga but we had another twist late last week. A movement by WallStreetBets started off small and exploded. No, not another stock but a movement to adopt gorillas. Yup, those retards, over the course of (I think) 2 days, donated $200K to the Dian Fossey Gorilla Fund and she responded by making a thank you video.

So the next time you hear one of these suits jump on TV and cry about the market being a casino remember these kids who are donating are not rich. Many of them are still in college and are trying to just make it week to week. Yet, here they are having a positive impact because "They like the stock" and want to do better than these market manipulators. Another amusing aspect of this is that were donating in the name of Gamestop.

Heres the Director of the Gorilla fund sending her thanks

https://www.reddit.com/r/wallstreetb...r_of_the_dian/

Edit: there is a reason WHY its gorillas too. Long story but just no it wasn't random

LMAO!! If they ever have another stunt for goats, I am in!!!

[Jtbny]

PS - John. I know I had mentioned this before. But just want to mention it again. Thanks for starting this thread. This thread was exactly what I needed to motivate me to play the game. I knew about the game long ago, but I didn't play it until now.

Damn this pic made me smile. I REALLY need to think about turning profits into something more "physical" (other than cars ). Lately my vehicles have been money suckers...

I don't disagree about cyrpto but I still have a hard time understanding the "why". Its all extrinsic value and only has value because some say it does. Until it gets more widely accepted I'm still out. Its the same as these new NFT. The artist Beeple sold a collection of his digital art as a NFT for $70m. How does this even make any sense? BUT I do cheer on all of you making bank trading/holding it. Just remember it's not actual profit until you close your position.

Haha if I can nudge the next wave of donations at WSB ill do it towards goats. I'm active there but not sure I could pull that off

JPOW is on the mic this week. Quad witching hour this Friday. Should be a bumpy ride. Trade wisely my fellow traders.

[NorwichGrad]

Damn this pic made me smile. I REALLY need to think about turning profits into something more "physical" (other than cars ). Lately my vehicles have been money suckers...

I don't disagree about cyrpto but I still have a hard time understanding the "why". Its all extrinsic value and only has value because some say it does. Until it gets more widely accepted I'm still out. Its the same as these new NFT. The artist Beeple sold a collection of his digital art as a NFT for $70m. How does this even make any sense? BUT I do cheer on all of you making bank trading/holding it. Just remember it's not actual profit until you close your position.

Haha if I can nudge the next wave of donations at WSB ill do it towards goats. I'm active there but not sure I could pull that off

JPOW is on the mic this week. Quad witching hour this Friday. Should be a bumpy ride. Trade wisely my fellow traders.

Agreed 100%. I'm a traditionalist investor in a sense that I believe in the old saying "If you don't hold it you don't own it."

Cryptos are speculation. I don't see them as investment. They can go to zero as fast as they can go 5 digits.

The NFTs are mind-blowing. IMO, this is another reason for the oligarchs to preserve their wealth, by putting their digital wealth into something they believe will hold value. Just my opinion.

I always refer to Exter's reverse pyramid. What the original pyramid does not show is silver. I believe it is the tip of the reverse pyramid, and NOT gold.

Central bankers hold gold for a reason. Because historically, they have always returned to gold standard when the system failed, only to go full fiat again.

Wash. Rinse. Repeat.

https://sdbullion.com/blog/financial-crisis-protection

But this time there are cryptos. Some believe they are assets. I don't believe so. I think cryptos will be used to transfer the quadrillion derivatives into another form of digital 'fake assets' to keep the liquidity going.

Without liquidity, the whole credit market will seize up.

Bankers can also use gold to back their debt-based monetary system. But this means they will have to allow gold and silver to hit fair market value. And based on the M2 money supply, gold should be $35K an ounce and silver should be close to 5K an ounce. The system will be shocked if they allow this to happen. lol.

We live in interesting times for sure. Lots of goofy things going on behind the scene.

But there are also opportunities. I just wish more common people will see and seize these opportunities as we are doing.

[Mark1T]

You guys watch the 10-year and how it affects tech stocks in the NASDAQ?

Like right now, since the 10-year is approx 1.6, more investors move their money to safety and away from tech. Just another factor.

[NorwichGrad]

You guys watch the 10-year and how it affects tech stocks in the NASDAQ?

Like right now, since the 10-year is approx 1.6, more investors move their money to safety and away from tech. Just another factor.

As predicted.

The 10-year is key. If it goes up it will pop the bubble. If you listened to Jerome Powell carefully, he basically lied about the true state of the economy. Americans are losing their jobs weekly at a rate of 800,000 a week for the past several months yet the unemployment is still single digit.

Powell also said in a slick snake oil salesman matter that he will just let the market go to crap. Lol.

The market is due for a major correction.

The next downturn will be used as an excuse to kill the dollar and usher in a new fiat currency.

[Mark1T]

^^G, Yellen scares me. She is actually listening to the progressives in relation to taxes. The Fed isn’t supposed to support confiscation. But she will look at it.

[NorwichGrad]

^^G, Yellen scares me. She is actually listening to the progressives in relation to taxes. The Fed isn’t supposed to support confiscation. But she will look at it.

Exactly. As I have stated many times

The fed had become the buyer and seller of last resort.

[Plateauplower]

Typically I DCA 50% of our Roth IRAs and put my max in January then scheduled my max for my wife’s until just before the deadline (April 15). Market is just way too uncertain. Spread the gains and losses. Definitely due for a correction, but really shouldn’t have one considering the money being infused to prop up the entire circus.

[Jtbny]

As predicted.

The 10-year is key. If it goes up it will pop the bubble. If you listened to Jerome Powell carefully, he basically lied about the true state of the economy. Americans are losing their jobs weekly at a rate of 800,000 a week for the past several months yet the unemployment is still single digit.

Powell also said in a slick snake oil salesman matter that he will just let the market go to crap. Lol.

The market is due for a major correction.

The next downturn will be used as an excuse to kill the dollar and usher in a new fiat currency.

Not sure its due for a correction. Remember, we had one a "crash" 1 year ago this week. I think we see a transfer of where the funds are going but I really can't see a catalyst that will bring a major correction outside another unforeseen pandemic/war/spaceship landing. Rates not moving until 2023 earliest, oil flopping back and forth, gold/bitcoin and now NFT. There is more liquidity than people know what to do with. The market will benefit, IMO, from this. The main issue I'm having is the massive volatility we are seeing. I've been trading SPY for a few years. I can't remember it ever moving $5-$8 dollars in a single day before. Now it does that a couple times a week.

Our mission is to ride the wave and get off before it crushes the village

[NorwichGrad]

John -

It will be bullish for the next 3 years.

The "crash" we had a year ago became a K-shape recovery, where the top sub 1% profited and became mega billionaires while 70% of mom-and-pop businesses died and will never recover.

I have to be careful with my terms, because terms do matter as you know.

When I say "major correction" it will be similar to the "crash" we saw a year ago. The DOW will drop, but the fed will come to the rescue once again and prop it up. And then it will continue to set new records.

The reason I say this is because I have watched the actions of the federal reserve long enough to know that the oligarchs indeed play the Hegelian Dialectic. Problem. Reaction. Solution.

Right now, the fed has created a condition for the "major correction" (but NOT the CRASH) so that they watch how the public will react because the fed already has the solution.

The major volatility we are seeing is that addicted market waiting for the fed to inject a higher dose of that crack and heroin.

As investors / speculators, we will surely benefit from the new liquidity created. That's the crack and heroin.

"Major correction". Followed by public reaction. Then the Solution.

Then the market will continue to rise (as we continue to profit).


The major "CRASH" like the 1929 will happen later, after we take advantage of the wealth transfer.

We're gonna keep playing the game and ride the wave they created for us. that's for sure. And don't forget to convert your profit into some silver.

[Jtbny]

John -

It will be bullish for the next 3 years.

The "crash" we had a year ago became a K-shape recovery, where the top sub 1% profited and became mega billionaires while 70% of mom-and-pop businesses died and will never recover.

I have to be careful with my terms, because terms do matter as you know.

When I say "major correction" it will be similar to the "crash" we saw a year ago. The DOW will drop, but the fed will come to the rescue once again and prop it up. And then it will continue to set new records.

The reason I say this is because I have watched the actions of the federal reserve long enough to know that the oligarchs indeed play the Hegelian Dialectic. Problem. Reaction. Solution.

Right now, the fed has created a condition for the "major correction" (but NOT the CRASH) so that they watch how the public will react because the fed already has the solution.

The major volatility we are seeing is that addicted market waiting for the fed to inject a higher dose of that crack and heroin.

As investors / speculators, we will surely benefit from the new liquidity created. That's the crack and heroin.

"Major correction". Followed by public reaction. Then the Solution.

Then the market will continue to rise (as we continue to profit).


The major "CRASH" like the 1929 will happen later, after we take advantage of the wealth transfer.

We're gonna keep playing the game and ride the wave they created for us. that's for sure. And don't forget to convert your profit into some silver.

Well said. For retirement funds none of this really matters unless you're close today. For you and I in our 40's we need to set it and forget it. BUT with active trading this market is just so hard to gauge, at least for me. What should make sense doesn't. Hell, look at Gamestop. I know the reasons its where it is but the companies valuation is retarded right now.

But never fear the government is looking into taxing our trades now to protect us from ourselves. Ughhh

[NorwichGrad]

Well said. For retirement funds none of this really matters unless you're close today. For you and I in our 40's we need to set it and forget it. BUT with active trading this market is just so hard to gauge, at least for me. What should make sense doesn't. Hell, look at Gamestop. I know the reasons its where it is but the companies valuation is retarded right now.

But never fear the government is looking into taxing our trades now to protect us from ourselves. Ughhh

Absolutely! And you have a bad habit of mispelling gubmint. hahaha..

You and I knew what was gonna happen once Janet Yellen was tapped to head the Treasury Dept.

The fed has one more trick in its sleeve. It's called NIRP.

It will be implemented next, especially if there's reason to (ie market correction).

[Mark1T]

So, if taxes go up across the board very soon, there may be a sell-off, because the capital gains tax will increase significantly. Do you sell now and take the tax hit for today's capital gains tax or do you stay in knowing you will get taxed at a much higher rate?

When Obama was president, the corporate tax rate was 35%. Many major corporations moved their money to low-tax countries like Ireland at 9%. It will happen again. Money is mobile, people are mobile. It is not political to say that democrats have no clue about increasing the GDP and being competitive. It is too obvious that raising taxes so much and across the board influences corps and people to move to lower taxed countries and States, respectively, thereby damaging the GDP and States revenue.

In addition, the admin is telling States that if they lower taxes, they will not receive federal funding.

Why are people and companies moving out of NY, CT, NJ, CA? The ridiculous taxes. Yet, Biden and his team and the dems ignore this reality.

I don't care which party the presidency is, but when they make these type of decisions that make no sense, I will speak up.

[Jtbny]

So, if taxes go up across the board very soon, there may be a sell-off, because the capital gains tax will increase significantly. Do you sell now and take the tax hit for today's capital gains tax or do you stay in knowing you will get taxed at a much higher rate?

When Obama was president, the corporate tax rate was 35%. Many major corporations moved their money to low-tax countries like Ireland at 9%. It will happen again. Money is mobile, people are mobile. It is not political to say that democrats have no clue about increasing the GDP and being competitive. It is too obvious that raising taxes so much and across the board influences corps and people to move to lower taxed countries and States, respectively, thereby damaging the GDP and States revenue.

In addition, the admin is telling States that if they lower taxes, they will not receive federal funding.

Why are people and companies moving out of NY, CT, NJ, CA? The ridiculous taxes. Yet, Biden and his team and the dems ignore this reality.

I don't care which party the presidency is, but when they make these type of decisions that make no sense, I will speak up.

When has it been said taxes are going to rise across the board? I havent seen this?

Have to look at the issue along the entire political spectrum. No matter whos in charge conservatism and fiscal responsibility are no longer a thing. You don't get to run the deficit up for 4/8/12 years and not have to pay the bill. I don't know the answer here but what I've been seeing for the last 8-12 years I've been really paying attention can't be good.

State taxes have always been a thing in the states you mentioned. I'd argue it's more regulation driven rather than tax driven although that doesn't help. Whenever I see this argument I have to point out that the states like Fla/Ala/Ky are welfare states while NY/CA ect fund them (send in more than they get back). I'd like to see more equitable terms when it comes to that. States that rely on federal money because they don't collect state taxes shouldn't get to benefit from the fallout from states that have state tax.

I'll reserve judgement on Biden and his team as they just started. I can look back at the previous 4 years and see how much of a cluster fuk that was fiscally. If in 4 years we are in even worse shape that's a valid argument.

To bring this back on topic I havent a clue how whats going to happen. I do think we see a shift at some point but until there are better places other than the market w/ better returns I think the dance continue at least until rates rise.

[_zman]

When has it been said taxes are going to rise across the board? I havent seen this?

Have to look at the issue along the entire political spectrum. No matter whos in charge conservatism and fiscal responsibility are no longer a thing. You don't get to run the deficit up for 4/8/12 years and not have to pay the bill. I don't know the answer here but what I've been seeing for the last 8-12 years I've been really paying attention can't be good.

State taxes have always been a thing in the states you mentioned. I'd argue it's more regulation driven rather than tax driven although that doesn't help. Whenever I see this argument I have to point out that the states like Fla/Ala/Ky are welfare states while NY/CA ect fund them (send in more than they get back). I'd like to see more equitable terms when it comes to that. States that rely on federal money because they don't collect state taxes shouldn't get to benefit from the fallout from states that have state tax.

I'll reserve judgement on Biden and his team as they just started. I can look back at the previous 4 years and see how much of a cluster fuk that was fiscally. If in 4 years we are in even worse shape that's a valid argument.

To bring this back on topic I havent a clue how whats going to happen. I do think we see a shift at some point but until there are better places other than the market w/ better returns I think the dance continue at least until rates rise.

You can find dozens of articles about it...

Joe Biden Proposes $1 Trillion in New Corporate Taxes
https://www.wsj.com/articles/joe-bid...es-11575492332


Tax Increase for Corporations Looks More Likely as Election Nears
A potential Democratic sweep means companies can no longer take the 21% rate for granted
https://www.wsj.com/articles/tax-inc...rs-11603026001

Why are people and companies moving out of NY, CT, NJ, CA? The ridiculous taxes. Yet, Biden and his team and the dems ignore this reality.

I don't care which party the presidency is, but when they make these type of decisions that make no sense, I will speak up.

When Democrats do something that makes sense, let me know.

[NorwichGrad]

Mark and John.

We all know to keep an eye on the ten-year-yield.

If the interest goes up 3%, it will make it impossible for gubmint to pay for the national debt interest only. Even if corporations are taxed 100%, gubmint will not have enough to pay for the national debt interest.

That’s how bad the debt is.

Just to put things into perspective.

This is why joe wants to raise taxes. Among other reasons.

And ignore deeks. The guy is an illiterate moron and a deadbeat who is not man enough to make money on his own.

Carry on, gents.

[Mark1T]

When has it been said taxes are going to rise across the board? I havent seen this?

Have to look at the issue along the entire political spectrum. No matter whos in charge conservatism and fiscal responsibility are no longer a thing. You don't get to run the deficit up for 4/8/12 years and not have to pay the bill. I don't know the answer here but what I've been seeing for the last 8-12 years I've been really paying attention can't be good.

State taxes have always been a thing in the states you mentioned. I'd argue it's more regulation driven rather than tax driven although that doesn't help. Whenever I see this argument I have to point out that the states like Fla/Ala/Ky are welfare states while NY/CA ect fund them (send in more than they get back). I'd like to see more equitable terms when it comes to that. States that rely on federal money because they don't collect state taxes shouldn't get to benefit from the fallout from states that have state tax.

I'll reserve judgement on Biden and his team as they just started. I can look back at the previous 4 years and see how much of a cluster fuk that was fiscally. If in 4 years we are in even worse shape that's a valid argument.

To bring this back on topic I havent a clue how whats going to happen. I do think we see a shift at some point but until there are better places other than the market w/ better returns I think the dance continue at least until rates rise.

Corporate taxes, Capital Gains taxes will increase. I am also not preaching that either party is better. Although, raising taxes during or after a recession or depression is a massive mistake and if you look at history, raising taxes during an economic slow-down is an economic mistake. Raising taxes, nothing to do with regulations, helped turn the recession of 1929-1933 into the Great Depression. I mentioned democrats because they are in the White House and the House.

The economies of Clinton and Obama were great overall. But, those years would have been better if trillions of corporate dollars were not being domiciled offshore. They were and are held offshore because of much more favorable tax rates and not regulations, no matter who is president.

No matter if States are welfare States, people are fleeing the ridiculous tax rates. It is why Elon Musk moved Tesla to Texas and why hundreds of other corporations did, as well.

Mark and John.

We all know to keep an eye on the ten-year-yield.

If the interest goes up 3%, it will make it impossible for gubmint to pay for the national debt interest only. Even if corporations are taxed 100%, gubmint will not have enough to pay for the national debt interest.

That’s how bad the debt is.

Just to put things into perspective.

This is why joe wants to raise taxes. Among other reasons.

And ignore deeks. The guy is an illiterate moron and a deadbeat who is not man enough to make money on his own.

Carry on, gents.

The more money moves out of our economy, the debt will only get worse and worse.

[Jtbny]

You can find dozens of articles about it...

Joe Biden Proposes $1 Trillion in New Corporate Taxes
https://www.wsj.com/articles/joe-bid...es-11575492332


Tax Increase for Corporations Looks More Likely as Election Nears
A potential Democratic sweep means companies can no longer take the 21% rate for granted
https://www.wsj.com/articles/tax-inc...rs-11603026001



When Democrats do something that makes sense, let me know.

Across the board. Words matter. Corp tax rates were always going to go up. It was unsustainable in their current state.

Please take the party bashing ---------> No one gives a rats azz about your politics ITT.

[Jtbny]

Corporate taxes, Capital Gains taxes will increase. I am also not preaching that either party is better. Although, raising taxes during or after a recession or depression is a massive mistake and if you look at history, raising taxes during an economic slow-down is an economic mistake. Raising taxes, nothing to do with regulations, helped turn the recession of 1929-1933 into the Great Depression. I mentioned democrats because they are in the White House and the House.

The economies of Clinton and Obama were great overall. But, those years would have been better if trillions of corporate dollars were not being domiciled offshore. They were and are held offshore because of much more favorable tax rates and not regulations, no matter who is president.

No matter if States are welfare States, people are fleeing the ridiculous tax rates. It is why Elon Musk moved Tesla to Texas and why hundreds of other corporations did, as well.



The more money moves out of our economy, the debt will only get worse and worse.

Elon moved for a few reason but one of those were the states regulations (he was mad he got shut down). Its not that black and white, IMO. Don't get me wrong, NY/CA are out of their minds when it comes the business policies but these states fund the welfare states while the welfare states reap the benefits. But I get the tax issues in NY, believe me. I pay them yearly as a resident. And I know I'm a hypocrite because when my wife and I retire we will most certainly move to a state w/no state tax.

Agree on the offshoring. One of the better policies Trump implemented was being able to bring that money "home". I was also a fan his deregulation attitude. Not that I think regulations are ALL bad but there are many in place that are BS and stifle business for no real ROI.

[ChazWood]

Across the board. Words matter. Corp tax rates were always going to go up. It was unsustainable in their current state.

Please take the party bashing ---------> No one gives a rats azz about your politics ITT.

w3rd!

[Mark1T]

Elon moved for a few reason but one of those were the states regulations (he was mad he got shut down). Its not that black and white, IMO. Don't get me wrong, NY/CA are out of their minds when it comes the business policies but these states fund the welfare states while the welfare states reap the benefits. But I get the tax issues in NY, believe me. I pay them yearly as a resident. And I know I'm a hypocrite because when my wife and I retire we will most certainly move to a state w/no state tax.

Agree on the offshoring. One of the better policies Trump implemented was being able to bring that money "home". I was also a fan his deregulation attitude. Not that I think regulations are ALL bad but there are many in place that are BS and stifle business for no real ROI.

I always appreciate the discussion, John. You and I and most here can discuss and pick on policy without bashing a party.

[eomrat]

Please take the party bashing ---------> No one gives a rats azz about your politics ITT.

^^This^^

I doubt you would walk into a room full of strangers, insult half of them and then expect to have a reasonable conversation about Tax Policy. Why would you do that here?

[_zman]

Across the board. Words matter. Corp tax rates were always going to go up. It was unsustainable in their current state.

Please take the party bashing ---------> No one gives a rats azz about your politics ITT.

I have no party affiliation. And I don't believe in a two party system. I have no problem discussing where parties fall short.

Educating people on democratic party's tendencies and how they effect the market will continue.

Corporate tax increases will not pay the national debt. Corporate tax rate increases encourage companies to move off-shore again.

Here's an example, 1 billion dollar Ford plant being built in Mexico: https://www.reuters.com/article/us-m...-idUSKBN2B82V9

Another great article discussing the movement of money to off-shore entities
High-Income Tax Avoidance Far Larger Than Thought, New Paper Estimates
https://www.wsj.com/articles/high-in..._join#cxrecs_s