Tax relief measures just because stock market is down. Enough of this foolishness!!!!!

S

S2007S

Tomorrow there is a meeting with with senate and house Republicans to discuss a "possible tax relief measure" that would provide "a timely and effective response to the coronavirus" what a fuxking joke this is. It is amazing how quick they act every single damn time markets fall to help the markets back up, absolutely no such thing as free markets. Let the fuXking markets do what they need to do without any intervention.


https://www.nytimes.com/2020/03/09/us/politics/trump-coronavirus.html
 
Governments have a reponsibility to achieve economic targets, it is covered in many statutes and treaties. If economic growth is not attained it will lead to recession and the default of investments. Even if you don't agree with intervention from the government taxation cuts would be something you should approve of because taxation is a market intervention in itself. Reducing taxation is a taking away governmental power and market control.
 
morganist said:
Governments have a reponsibility to achieve economic targets, it is covered in many statutes and treaties. If economic growth is not attained it will lead to recession and the default of investments. Even if you don't agree with intervention from the government taxation cuts would be something you should approve of because taxation is a market intervention in itself. Reducing taxation is a taking away governmental power and market control.
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what if economic targets unrealistic?
recession is a part of the economic cycle
when you try to cancel recession you get what happened yesterday
is money printing market intervention? because it all will be financed with QE
do you believe all taxes must be cancelled and all government expenditures financed by money printing?
don't you think money printing is also tax?
 
kashirin said:
what if economic targets unrealistic?
recession is a part of the economic cycle
when you try to cancel recession you get what happened yesterday
is money printing market intervention? because it all will be financed with QE
do you believe all taxes must be cancelled and all government expenditures financed by money printing?
don't you think money printing is also tax?
More...

I think you might be speaking with a bot from the Ministry of Plenty.
 
Never understood the logic that if I have more monies in my pockets due to less taxes that, it is a bad thing? It is only bad for the idiot Socialists who always want to spend other people's monies. Without that power, you take that power out of the idiot Socialists, they got nothing. And the last thing they want is to spend their monies to give away to others for free. For all their calls to increase taxes on others to give out their freebies to the lazy slugs, the moment you raise their taxes, they whine and cry like the little babies they are.
 
These government people are wasting all their bullets on the first inning. The market drops 10% from ATH(!!!) and they have an emergency 50bp cut. Then the market dumps on them to new lows. Now they announced a fiscal package the market rallies then dumps on them.

What bullets will they have left when the real crash comes along with 20-30% down move. Geez. No strategic thinking.
 
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