Rich people screwed. Free college ,$500 a week unemployment for the next 9 months .
- Thread starter SammyJ
- Start date
1/2 his wealth gone, due to inflation I'd bet.
DayTrading and even Investing, days are sadly numbers, get making, get saving and get ready to retire and FFS don't put the cash into your bank, ohhh crap there getting rid of cash so even the cash under the bed is worthless
smart bastards.
Communist by 2030 is my prediction!
DayTrading and even Investing, days are sadly numbers, get making, get saving and get ready to retire and FFS don't put the cash into your bank, ohhh crap there getting rid of cash so even the cash under the bed is worthless
smart bastards.Communist by 2030 is my prediction!
Will never ever ever happen. That's all talk. Remember when a Biden win was supposed to be a negative for wallatreet because of their agenda on taxes, well look at the markers not caring one bit about the Biden win, in fact Biden and company will spend as much as they can to keep the wallstreet rally intact and that talk of a transaction tax iffff it were to come to a possibility it would create a day or two of stir and then back to normal everything would go. Remember Nothing can knock stocks down these days.
That was exactly what was happening before the 2008 financial crisis. What goes up must come down. The higher the rise, the harder the fall. Gawd, Taleb is going to have a field day on this, the most epic "I told you so" in history.
As others have said re FTT, one country's loss is another country's gain.
The US sadly is well on the downward slope (whoever is in charge) so other countries will pick up their multiple dropped balls and run like crazy.
Also, lots of stock action going on in Bitcoin right now (trade US stocks priced in Bitcoin or synthetic USD). That's a growing market so they're going to pick up loads of the slack.
The US sadly is well on the downward slope (whoever is in charge) so other countries will pick up their multiple dropped balls and run like crazy.
Also, lots of stock action going on in Bitcoin right now (trade US stocks priced in Bitcoin or synthetic USD). That's a growing market so they're going to pick up loads of the slack.
I'd be interested in hearing what countries you think are candidates for picking up the ball? Most of the established EU trading countries and the UK already have some form of FTT. I know @d08 suggested the new EU countries, but after Hungary and to a lesser extend Poland have gone off the rails recently I wonder which of those would be considered stable enough to entice the world's biggest banks to take a flyer on? Certainly no-one is going to put their eggs in China's authoritarian basket, same with HK at this point. That leaves Singapore and Japan?
In the depths of the great recession in 2008, when the public was clamoring to punish 'Wall Street' and congress was looking for new revenue sources, an FTT never made it to the floor of the house for a vote.
So don't be so certain it will happen.
VANZY!!!!!! <3
%%
Good thing for the US, many people moved out of CA + NY, the high tax districts.
GLD ,SLV + metal are doing better , but Tech+ tech etfs are doing even better.
The Dems tried to run up oil to make green energy look better in 2009and later ;
LOL, they may have helped green energy a bit , but around 2009 was the biggest/best oil downtrend in US history. LOL. NO man or gov is bigger than the markets. Arabia doesnt like oil to high.
I though about moving to UK or Europe but mostly taxes are too high there also................................................................