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How do we democratize the stock market?' Trump team eyes new savings tax break
How do we democratize the stock market?' Trump team eyes new savings tax break
The White House is floating a new proposal as part of President Trump's forthcoming election time tax cut agenda: allowing taxpayers to save up to $10,000 on a tax-privileged basis, a policy meant to increase participation in stock markets and encourage wealth-building.
It’s impossible to democratize the stock market because democracy functions on a system of one person one vote while corporate governance is one share one vote. Those with the most shares, ie., wealth control the company. That is literally the definition of plutocracy.
Desperate move to get more peope throwing money (recklessly) into the stock market to keep them up at 'record highs' heading into the purported slowdown ....and of course 2020 elections.
Of course it's political. The mind reels at all the ways this can be used that way.
Get lots of people who don't have any cash for emergencies to place $2 bets on the stock market. Then they'll cheer for market performance that doesn't help them instead of reforms that would.
Sorry to be politica but will be very interesting next few months..front runner Sander [whom is averahe 6-8 points above trump in swing states/ independents past 12 months according to politicall] want tax at higher rates 40s -50s% of working class making more than 100k annually to pay social welfare issues/healthcare for all and noncitizens programs. They are excellence ideas but are very tough sales and maybe extremely hard to vote for/selling points for blue collar business ownersworkers.
May I respectfully suggest we pay less attention to polls of the moment and more attention to cost figures with a little rigor behind them?
Regarding costs: as with investing, it's not how much you pay in taxes that matters, it's what you net after taxes. A study published in the Lancet last week concluded that on national level healthcare would cost 13% less under a single payer system. That's after the increased taxes are included.
That's also after adding in the extra cost of providing healthcare to everyone presently un- or underinsured; 24% of the population.
Regarding poll watching, my intent in showing earlier posts (below) is simply to illustrate the futility in using polls for much more than spectator amusement.
front runner Sander (current thread)
99%chance that Biden will win elections 2020 (posted Aug 2019)
uncle loving Joe (especially w the hands fondling) is up at least 10 - 15 points vs rest of democrats and donnie.... 2020 will be a walk in the park for him. (unless has massive strokes heart attacks on stage or falling off sidewalks like Hillary or if he keeps stumbling-speech on stage after forgetting dementia meds) posted May 2019
Seriously, democratize the market? A lot of TDS going on in this thread. I for one would prefer that the government stay out of personal investing. There was another thread lamenting that equities are owned by too few. Which way does it need to be? Maybe equities should be given away like food stamps or housing vouchers.
Seriously, democratize the market? A lot of TDS going on in this thread. I for one would prefer that the government stay out of personal investing. There was another thread lamenting that equities are owned by too few. Which way does it need to be? Maybe equities should be given away like food stamps or housing vouchers.
We knew it would not be long before you brought your "TDS" from M* to MFO.
We have enough options to save - IRA, ROTH, 401K etc. etc. How passing a new alphabet going to help the mainstay of this job market - service workers making minimum wage (even if it is $15) and trying to survive? They don't get even 40 hours a week to work (ask Walmart employees) ) but rich posters here may not know this.
Best option is to increase IRA contribution limit if one doesn't have 401k from company (new laws passed earlier doesn't mean small companies will start offering 401K to workers) so they can save more.
We have enough options to save - IRA, ROTH, 401K etc. etc. How passing a new alphabet going to help the mainstay of this job market - service workers making minimum wage (even if it is $15) and trying to survive? They don't get even 40 hours a week to work (ask Walmart employees) ) but rich posters here may not know this.
Best option is to increase IRA contribution limit if one doesn't have 401k from company (new laws passed earlier doesn't mean small companies will start offering 401K to workers) so they can save more.
Comments
Desperate move to get more peope throwing money (recklessly) into the stock market to keep them up at 'record highs' heading into the purported slowdown ....and of course 2020 elections.
Get lots of people who don't have any cash for emergencies to place $2 bets on the stock market. Then they'll cheer for market performance that doesn't help them instead of reforms that would.
Sell it as a "savings plan", but give tax breaks only on capital gains.
Sell it as a "tax cut" a couple of months before the election. Been there, done that in 2018.
Regarding costs: as with investing, it's not how much you pay in taxes that matters, it's what you net after taxes. A study published in the Lancet last week concluded that on national level healthcare would cost 13% less under a single payer system. That's after the increased taxes are included.
That's also after adding in the extra cost of providing healthcare to everyone presently un- or underinsured; 24% of the population.
https://khn.org/morning-breakout/a-single-payer-system-like-medicare-for-all-would-save-billions-in-billing-and-administrative-costs-study-finds/
https://www.thelancet.com/journals/lancet/article/PIIS0140-6736(19)33019-3/fulltext
Regarding poll watching, my intent in showing earlier posts (below) is simply to illustrate the futility in using polls for much more than spectator amusement.
front runner Sander (current thread)
99%chance that Biden will win elections 2020 (posted Aug 2019)
uncle loving Joe (especially w the hands fondling) is up at least 10 - 15 points vs rest of democrats and donnie.... 2020 will be a walk in the park for him. (unless has massive strokes heart attacks on stage or falling off sidewalks like Hillary or if he keeps stumbling-speech on stage after forgetting dementia meds)
posted May 2019
How passing a new alphabet going to help the mainstay of this job market - service workers making minimum wage (even if it is $15) and trying to survive? They don't get even 40 hours a week to work (ask Walmart employees) ) but rich posters here may not know this.
Best option is to increase IRA contribution limit if one doesn't have 401k from company (new laws passed earlier doesn't mean small companies will start offering 401K to workers) so they can save more.
Exactly. Raise the IRA maximums to match the 401/3K plans and now you've effected some real reform.