Stock Market/Investing/Day Trading/Speculative Trading Thread

[LoudHogRider]

@Jim14510 have you read any proposals for what the idiot is planning on trying to propose?

From the article I mentioned earlier: https://www.marketwatch.com/story/b...congress-will-react-11615978938?siteid=yhoof2

Now that the coronavirus relief package is actually law, it is onto infrastructure for the Biden administration and its razor-thin Democratic majority in Congress. But infrastructure legislation will come with strings attached — very hefty new taxes.

The White House will propose $1 trillion worth of new taxes, according to Sarah Bianchi, head of U.S. public policy and political strategy at Evercore ISI and the former director of economic and domestic policy for then Vice President Joe Biden.

Officials including Treasury Secretary Janet Yellen have started suggesting what will be in the White House plan. Bianchi says hiking the corporate tax rate to 28% from 21%, establishing a global minimum tax and raising what’s called the global intangible low-taxed income rate to 21% will be in his plan. The plan will probably include nearly doubling capital-gains taxes on those with income over $1 million, and likely will include taxing unrealized gains at death, ending carried interest and raising the top individual income-tax rate.

Other possibilities include restoring the 2009 estate tax policies, limiting individual deductions, phasing out some business income deductions and establishing a financial transactions tax.
Bianchi says Congress isn’t likely to swallow the whole proposal — she suggests it will only agree to $500 billion of new taxes. For instance, Congress may agree to increase the corporate tax rate, but only to 25%. She says Congress will agree to end carried interest, and is likely to approve increasing the top individual rate of taxes, but won’t be as eager to increase capital-gains taxes. The global minimum tax that Yellen has floated also is considered unlikely to pass.

 

[Jim14510]

@Jim14510 have you read any proposals for what the idiot is planning on trying to propose?

I haven't read much yet. I tend to put it off for a while so I don't get pissed about something that doesn't happen.

 

[Jim14510]

From the article I mentioned earlier: https://www.marketwatch.com/story/b...congress-will-react-11615978938?siteid=yhoof2

Now that the coronavirus relief package is actually law, it is onto infrastructure for the Biden administration and its razor-thin Democratic majority in Congress. But infrastructure legislation will come with strings attached — very hefty new taxes.

The White House will propose $1 trillion worth of new taxes, according to Sarah Bianchi, head of U.S. public policy and political strategy at Evercore ISI and the former director of economic and domestic policy for then Vice President Joe Biden.

Officials including Treasury Secretary Janet Yellen have started suggesting what will be in the White House plan. Bianchi says hiking the corporate tax rate to 28% from 21%, establishing a global minimum tax and raising what’s called the global intangible low-taxed income rate to 21% will be in his plan. The plan will probably include nearly doubling capital-gains taxes on those with income over $1 million, and likely will include taxing unrealized gains at death, ending carried interest and raising the top individual income-tax rate.

Other possibilities include restoring the 2009 estate tax policies, limiting individual deductions, phasing out some business income deductions and establishing a financial transactions tax.
Bianchi says Congress isn’t likely to swallow the whole proposal — she suggests it will only agree to $500 billion of new taxes. For instance, Congress may agree to increase the corporate tax rate, but only to 25%. She says Congress will agree to end carried interest, and is likely to approve increasing the top individual rate of taxes, but won’t be as eager to increase capital-gains taxes. The global minimum tax that Yellen has floated also is considered unlikely to pass.

Market watch is infamously terrible at this stuff. I'd encourage you to ignore anything they write on taxes.

 

[Faux Sean Callahan]

From the article I mentioned earlier: https://www.marketwatch.com/story/b...congress-will-react-11615978938?siteid=yhoof2

Now that the coronavirus relief package is actually law, it is onto infrastructure for the Biden administration and its razor-thin Democratic majority in Congress. But infrastructure legislation will come with strings attached — very hefty new taxes.

The White House will propose $1 trillion worth of new taxes, according to Sarah Bianchi, head of U.S. public policy and political strategy at Evercore ISI and the former director of economic and domestic policy for then Vice President Joe Biden.

Officials including Treasury Secretary Janet Yellen have started suggesting what will be in the White House plan. Bianchi says hiking the corporate tax rate to 28% from 21%, establishing a global minimum tax and raising what’s called the global intangible low-taxed income rate to 21% will be in his plan. The plan will probably include nearly doubling capital-gains taxes on those with income over $1 million, and likely will include taxing unrealized gains at death, ending carried interest and raising the top individual income-tax rate.

Other possibilities include restoring the 2009 estate tax policies, limiting individual deductions, phasing out some business income deductions and establishing a financial transactions tax.
Bianchi says Congress isn’t likely to swallow the whole proposal — she suggests it will only agree to $500 billion of new taxes. For instance, Congress may agree to increase the corporate tax rate, but only to 25%. She says Congress will agree to end carried interest, and is likely to approve increasing the top individual rate of taxes, but won’t be as eager to increase capital-gains taxes. The global minimum tax that Yellen has floated also is considered unlikely to pass.

Why do I feel Powell is the only one who has power who actually is making decisions that are best for the country?

I mean he is eventually going to have to attack inflation, but we are going to have a tax bill and rising rates eventually. So that will be a fun time to be alive in.

Raising taxes right now is fucking retarded.

 

[Jim14510]

Why do I feel Powell is the only one who has power who actually is making decisions that are best for the country?

I mean he is eventually going to have to attack inflation, but we are going to have a tax bill and rising rates eventually. So that will be a fun time to be alive in.

Raising taxes right now is fucking retarded.

I think the tax increase will be delayed until 2023. It will be 500-750 billion over 10 years.

 

[Faux Sean Callahan]

I think the tax increase will be delayed until 2023. It will be 500-750 billion over 10 years.

Hopefully republicans can flip some of congress in the midterms then.

 

[LoudHogRider]

Hopefully republicans can flip some of congress in the midterms then.

At one point in time, that would have been considered good news for the "smaller government" folks. These days, the Pubs are damn near as spendy as the Dems. It's a WDC problem: seemingly good people head there with the best of intentions, and a few years later they're part of the problem. I wish I had an answer for it other than voting each and every one of them out of office and starting over with a new crew until they get it right and return to "by the People, FOR the People" again.

 

[Faux Sean Callahan]

At one point in time, that would have been considered good news for the "smaller government" folks. These days, the Pubs are damn near as spendy as the Dems. It's a WDC problem: seemingly good people head there with the best of intentions, and a few years later they're part of the problem. I wish I had an answer for it other than voting each and every one of them out of office and starting over with a new crew until they get it right and return to "by the People, FOR the People" again.

I agree there needs to be some tough decisions made iyam and nobody will make them as they won't get reelected if they make them.

Because in order to make a dent you need to look at reform of this.....



You reform any of the top 3 it is basically career suicide..

 

[jaihawk]

I agree there needs to be some tough decisions made iyam and nobody will make them as they won't get reelected if they make them.

Because in order to make a dent you need to look at reform of this.....
View attachment 2336


You reform any of the top 3 it is basically career suicide..

At some point in time, we have to bite the bullet and do something about spending.

Medicare/Medicaid
- I'll admit that I'm not that educated on the pain points and what has/can be done. My first inclination would be to treat the US Government like a business in certain aspects. If Medicare/Medicaid doesn't already negotiate the prices for all pharmaceuticals with the pharmaceutical companies, it should. I worked for years in the Pharmaceutical Research Industry, so I know the true costs of R&D and the profits that Pharmaceutical Companies are making off the backs of Americans.
- We also need to get to a point where we're not so damn "champagne tastes on a beer budget". Medicare/Medicaid should provide the basics and at a bare minimum standard. No private rooms, no internet, no televisions, etc... The point of it isn't to make you think you're at a spa, it's to provide you with medical treatment.

Social Security
- This one has always perplexed me as it's so damn mismanaged and treated like a freaking pension fund. Turn the damn thing into one giant 401k plan for dummies. You know, the funds that are set up based on the year you think you are going to retire. The government could probably even afford to match a few %. That way the risk of the markets doesn't lay solely with the Government (which it shouldn't).

Defense
- Don't get me started here. We live in a World now where ground wars aren't fought like they used to be. We can definitely downsize our footprint of bases around the world. Honestly, I'd love to see us take a step back as the world's police officer. Humanitarian issues are one thing, but we get roped into petty bullshit and it comes from both sides as both sides get their pockets lined by the military industrial complex.

 

[Faux Sean Callahan]

 

[Faux Sean Callahan]

Medicare/Medicaid
- I'll admit that I'm not that educated on the pain points and what has/can be done. My first inclination would be to treat the US Government like a business in certain aspects. If Medicare/Medicaid doesn't already negotiate the prices for all pharmaceuticals with the pharmaceutical companies, it should. I worked for years in the Pharmaceutical Research Industry, so I know the true costs of R&D and the profits that Pharmaceutical Companies are making off the backs of Americans.

The health insurance is such an easy fix, but nobody wants to do it.

1. Scrap Obamacare
2. Allow companies to individually underwrite health insurance.
   1. Wouldn't it be nice to be rewarded for taking care of yourself?
   2. Wouldn't it be nice to be rewarded for not smoking?
   3. Wouldn't it be nice to be rewarded for not being a fat?
   4. It also gets the unhealthy people out of the risk pool. This creates competitive insurance policies.
3. Add a % tax to the premiums paid. This goes to a guaranteed issue program for those with preexisting conditions. This does a handful of things...
   1. It makes it so health insurance companies don't want to have high priced insurance plans because they don't want the added expense.
      1. This is the exact opposite of what Obamacare does. Obamacare says insurance companies can only keep a % of premiums received.
         1. So the next question you have to ask is, how do you make more money if you are the insurance company? You charge more premiums.
      2. It also helps fund the high risk part of the population. Aka where all the expensive individuals are for an insurance company.
4. Create price transparency for any prescription or non emergency procedure.
   1. Develop an app that shows the patient where the procedure can be done, how much, next available and maybe a quality grade.
      1. So you have a need for an MRI. You see hospital x, hospital y and imaging center z.
   2. For prescriptions have the doctor order it through a company like Good RX where it shows the cost of the drug through several pharmacies.
      1. I looked up Tamaflu for shits and giggles just to see what the cost would be. It was like $50 at Walgreens and $28 at Hy-Vee. Now that isn't going to make an individual rich, but that shit can add up.
5. Make HSA's available for everybody. It is fucking retarded we don't do this. This is one of the best financial tools available today.
6. You know more about pharmaceuticals, but from what I hear USA gets the worst price on most drugs.

Bottom line this would....

1. Take care of people with preexisting conditions.
2. It would promote the country to be healthy as you would actually have a reward if you take care of yourself.
3. Create competition among the health providers rather than it being monopoly money when you get a procedure done.
4. Promote lower premiums by the insurance providers

Social Security
- This one has always perplexed me as it's so damn mismanaged and treated like a freaking pension fund. Turn the damn thing into one giant 401k plan for dummies. You know, the funds that are set up based on the year you think you are going to retire. The government could probably even afford to match a few %. That way the risk of the markets doesn't lay solely with the Government (which it shouldn't).

In order for Social Security to function how it was originally designed you would need to move full retirement age to about 73.

• Life expectancy is 83 for an individual who is 65 right now.
• When the program (SS) was originally started a 65 was living till about 75.

The problem with making it a 401k like deal is I am not sure if there would be enough supply to match the demand. I haven't looked at the numbers, but if you have every dollar made have % go to the market the stock supply would dry up really quick.

This is what I would like, but is what it is.

 

[Snockered69]

The health insurance is such an easy fix, but nobody wants to do it.

1. Scrap Obamacare
2. Allow companies to individually underwrite health insurance.
   1. Wouldn't it be nice to be rewarded for taking care of yourself?
   2. Wouldn't it be nice to be rewarded for not smoking?
   3. Wouldn't it be nice to be rewarded for not being a fat?
   4. It also gets the unhealthy people out of the risk pool. This creates competitive insurance policies.
3. Add a % tax to the premiums paid. This goes to a guaranteed issue program for those with preexisting conditions. This does a handful of things...
   1. It makes it so health insurance companies don't want to have high priced insurance plans because they don't want the added expense.
      1. This is the exact opposite of what Obamacare does. Obamacare says insurance companies can only keep a % of premiums received.
         1. So the next question you have to ask is, how do you make more money if you are the insurance company? You charge more premiums.
      2. It also helps fund the high risk part of the population. Aka where all the expensive individuals are for an insurance company.
4. Create price transparency for any prescription or non emergency procedure.
   1. Develop an app that shows the patient where the procedure can be done, how much, next available and maybe a quality grade.
      1. So you have a need for an MRI. You see hospital x, hospital y and imaging center z.
   2. For prescriptions have the doctor order it through a company like Good RX where it shows the cost of the drug through several pharmacies.
      1. I looked up Tamaflu for shits and giggles just to see what the cost would be. It was like $50 at Walgreens and $28 at Hy-Vee. Now that isn't going to make an individual rich, but that shit can add up.
5. Make HSA's available for everybody. It is fucking retarded we don't do this. This is one of the best financial tools available today.
6. You know more about pharmaceuticals, but from what I hear USA gets the worst price on most drugs.

Bottom line this would....

1. Take care of people with preexisting conditions.
2. It would promote the country to be healthy as you would actually have a reward if you take care of yourself.
3. Create competition among the health providers rather than it being monopoly money when you get a procedure done.
4. Promote lower premiums by the insurance providers

In order for Social Security to function how it was originally designed you would need to move full retirement age to about 73.

• Life expectancy is 83 for an individual who is 65 right now.
• When the program (SS) was originally started a 65 was living till about 75.

The problem with making it a 401k like deal is I am not sure if there would be enough supply to match the demand. I haven't looked at the numbers, but if you have every dollar made have % go to the market the stock supply would dry up really quick.

This is what I would like, but is what it is.

Big Pharma hinders a lot of development for quality of life in the US.

 

[Jim14510]

Make HSA's available for everybody. It is fucking retarded we don't do this. This is one of the best financial tools available today.

Very few out there that don't qualify anymore.

 

[Faux Sean Callahan]

Very few out there that don't qualify anymore.

Most go with high deductible plans because of cost, but still think it is dumb not to have them for everybody.

I know we get health insurance for "free" through my wife's work. So we just do the high deductible plan and then max out a HSA. I have a good chunk inside it invested in a SP500 fund. Figured this way I can get the deduction and grow some $ if I need it for health expenses.

 

[Faux Sean Callahan]

This is a good follow...



The Najarian (this is their website) brothers produce a ton of content.

 

[BingoDingo]

This is a good follow...



The Najarian (this is their website) brothers produce a ton of content.

 

[Jim14510]

Like him even better now. How old is the typical Miss Nebraska?

 

[Snockered69]

Wood

 

[Faux Sean Callahan]

Huh wood you look at that.

 

[Faux Sean Callahan]