RIP Gains

Capital is taxed too low relative to labor and too low if you think increasing inequality of wealth is a problem. It has been that way for decades.

I don't really think the proposal is doing anything but putting the subject of raising the rates on the table. Capital gains aren't going to go to 43%. It wouldn't be fatal to investing or the economy if they did, but it's not happening. No one has proposed a confiscatory tax rate on gains.

If a rate increase is made, there will be a rush to get sales in under the wire and transactions will then slow for a period of months after the change takes effect. That slowing will be short lived. People will invest if the rate is 15%. They'll invest if it's 43%. And they'll invest everywhere in between.

greenblood said:

ntxduck said:

greenblood said:

It will likely kill the market this year, as the wealthy will pull out as much money as they can so they can enjoy 20% rates on capital gains this year. After the sell off, things will slowly increase again, but there will not be a huge rally by any means, until they get a new president in office.

Back to green today. There are some absolute amateurs on here

Last time I checked it hasn't passed the "I want to do this" stage. So no, this drop was purely on the news. But if it gets traction, you bet your ass the markets will tank. Hopefully, somebody is advising this moron, and told him that one little comment dropped the DOW 400 points, and that maybe he should reconsider his position.

I'm hearing that the stock market is not the economy.

BennyBeaver said:

greenblood said:

ntxduck said:

greenblood said:

It will likely kill the market this year, as the wealthy will pull out as much money as they can so they can enjoy 20% rates on capital gains this year. After the sell off, things will slowly increase again, but there will not be a huge rally by any means, until they get a new president in office.

Back to green today. There are some absolute amateurs on here

Last time I checked it hasn't passed the "I want to do this" stage. So no, this drop was purely on the news. But if it gets traction, you bet your ass the markets will tank. Hopefully, somebody is advising this moron, and told him that one little comment dropped the DOW 400 points, and that maybe he should reconsider his position.

I'm hearing that the stock market is not the economy.

You hear right.

But the capital gains tax isn't the economy. It's the cost of doing bidness in the market meng. Pay attention and please put on your blazer. You're in the Club damnit!

ntxduck said:

greenblood said:

ntxduck said:

greenblood said:

It will likely kill the market this year, as the wealthy will pull out as much money as they can so they can enjoy 20% rates on capital gains this year. After the sell off, things will slowly increase again, but there will not be a huge rally by any means, until they get a new president in office.

Back to green today. There are some absolute amateurs on here

Last time I checked it hasn't passed the "I want to do this" stage. So no, this drop was purely on the news. But if it gets traction, you bet your ass the markets will tank. Hopefully, somebody is advising this moron, and told him that one little comment dropped the DOW 400 points, and that maybe he should reconsider his position.

Lol. You have no grasp of algorithmic trading and how it works.

Was a cool board. Too bad poors had to come shit all over the place with their cult nonsense

Algorithmic trading is a fancy phrase for saying "Buy the dip, dumbass"