Mr Reasonable
Completely Unreasonable
Absolutely remarkable stuff.
Is The Donald trying to make destroying capitalism his legacy?
Is The Donald trying to make destroying capitalism his legacy?
Stock-Age: Stocks, Options and Dividends oh my!
- Thread starter koam
- Start date
DeafTourette
Perpetually Offended
Ass of Can Whooping
Gold Member
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Kittehkraken
Member
No idea, but anything coming out of China could be getting 104% worth of tariffs.
And its probably going to happen because China backing down to threats from America has massive cultural implications in China. Its beyond tariffs at this point.
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BattleScar
Member
People get what they vote for.
Nocty
Gold Member
Great Auk
Member
I used to think the same for years until I learned no one actually paid those rates:
Taxes on the Rich Were Not That Much Higher in the 1950s
Despite high marginal income tax rates, the top 1% of taxpayers in the 1950s only paid about 42% of their income in taxes. See more about taxes on the rich.
taxfoundation.org
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Robot Carnival
Gold Member
just a reminder of something someone had said once upon a time.
BattleScar
Member
That's probably still a lot more than is being paid now by those same groups.I used to think the same for years until I learned no one actually paid those rates:
Taxes on the Rich Were Not That Much Higher in the 1950s
Despite high marginal income tax rates, the top 1% of taxpayers in the 1950s only paid about 42% of their income in taxes. See more about taxes on the rich.
But I would also like to point out, that these are marginal rates of tax. The article even states that very few people paid 92% over earnings higher than $200,000 ($2 million in today's money). Apparently, this is because it led to a lot of tax avoidance and lower reported income, but I'm dubious about how true that might be.
I think its probably worthwhile considering who paid for this analysis. If by any chance it would be people who may be subject to getting taxed high rates, but do not want tax to get that high again...well.
The ultra wealthy always do like to claim that "tax doesn't work". But its no coincidence that the period where taxes were very high, and government wealth was very high, that the middle class prospered. And its no coincidence that since taxes started to come down, that wealth started to accumulate more and more towards the ultra wealthy billionaires.
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Great Auk
Member
It's only a 6% difference from today. For the record I don't have an issue with the effective tax rate returning 6% higher to match the 1950s rate. Of course I am not affected by the top rate either lol
IntentionalPun
Ask me about my wife's perfect butthole
Rest of the world banding together to create trade partnerships that leave out the US and lessen reliance on US exports.
Totally gonna help our trade deficits. And once those trade partnerships are set good luck getting anything back going. Why would anyone trust the US after this not to start a trade war?
We need to stop this shit incredibly quickly and have a full-scale rejection of what has happened.
Totally gonna help our trade deficits. And once those trade partnerships are set good luck getting anything back going. Why would anyone trust the US after this not to start a trade war?
We need to stop this shit incredibly quickly and have a full-scale rejection of what has happened.
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BattleScar
Member
The top 1% of the US control trillions of dollars of wealth. 6% of that is quite a lot of fucking money.
SlimySnake
Flashless at the Golden Globes
Im sorry but if vietnam offered 0% tarriffs why is this a bad thing? is that what he wants?
BattleScar
Member
Trump's tariff's are calculated on trade deficits, not on any actual tariff's.
Vietnam still has a trade deficit with the US - i.e the US buys more from Vietnam than Vietnam buys from the US, so even with 0 Tariffs, DJT's magic calculation means they still gotta pay.
This is why this situation is so massively fucked.
jufonuk
not tag worthy
If he believed he would pay all his staff better and give them better working conditions but he doesn’t.
Great Auk
Member
But remember this isn't a tax on wealth, it's just a tax on annual income above a certain threshhold. Most ultra wealthy don't earn an income. It's almost all from capital gains.
Sybrix
Member
Vietnam doesn’t want shitty meat washed in chlorine or pop tarts with carcinogenic synthetic sugars, same with the EU.
Maybe if the US up’d their game on standards with products the rest of the world would buy them.
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Nocty
Gold Member
indeed. It's crazy how many carcinogenic ingredients are pumped into american food. Half of the colour dyes are banned in the EU for decades for example.
Great Auk
Member
I will give you that the EU has better safety standards than the US when it comes to additives.
But you are all insane if you think the food quality and safety standards are higher in Vietnam than the US lololol I am pretty sure my odds of food poisining are a mllion percent higher in Vietnam than the US.
This America bashing is a tale as old as time.
IntentionalPun
Ask me about my wife's perfect butthole
He's saying the tarriffs remain until somehow the trade deficit between these countries and the US is fixed.
Which is completely unrealistic for tons of countries, who do not have wealthy citizens but have some sort of resource/product that America likes.
The only way for the trade deficit will be fixed is for Americans to no longer be able to afford to buy anything, which we may be headed towards. There's zero sense to any of this unless Trump is just trying to crater the American economy and make more Americans poor, because these countries aren't suddenly going to become wealthy enough to afford American exports.
And the idea that America will suddenly be able to produce all these products for itself without trade is also idiotic. Especially if you kick out a shit ton of the cheap labor, wich... they've been doing. Beyond that we don't have the climate to produce tons of shit we buy nor the natural resources / raw materials which are currently jacked up in price.
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MikeM
Member
When China has to show that tariff wars means burning your own house down…
I haven’t seen a period where so many poor decisions have come out of the WH. Intentional suicide was not on my bingo card.
IntentionalPun
Ask me about my wife's perfect butthole
It's a bunch of hopium that things will change before the April 9th deadline which will increase tariffs on all countries we have a larger trade deficit with.
In general I think it's people hoping Trump just backs off, but he's been doubling down with his statements... threatening another 50% tariff on China.. it's total madness.
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Thaimasker
Member
All you gotta do is look at the obesity rates, I promise you that's killing more people than food poisining in most other countries.
Even the pizza in other countries don't make me feel bad, where it absolutely does in the u.s yet alone most things . The food here is straight up killing people way more than it is in say Thailand or Colombia.
The food posining rate also isn't anywhere close to that high. Tourists all over are happy to go to those countries partly for the food, for good reason. It's not significantly more unsafe than the U.S.
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Nocty
Gold Member
do any of you guys hold palantir?
I bought 1,300 shares back during the post pandemic crash at around $7 ish a piece, the shit is up so much that even after a 40% haircut I'm still holding on huge gains.. not sure what do at this point but I need to do something as its such a huge portion of my portfolio when it used to be like 10%.
I dont want to sell and have to pay taxes is the main issue...
I bought 1,300 shares back during the post pandemic crash at around $7 ish a piece, the shit is up so much that even after a 40% haircut I'm still holding on huge gains.. not sure what do at this point but I need to do something as its such a huge portion of my portfolio when it used to be like 10%.
I dont want to sell and have to pay taxes is the main issue...
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Great Auk
Member
The US isn't even the fattest country in the world anymore. And Europe is right behind us despite the better food. And it's all down to portion sizes and physical activity. No one needs to get fat in the US or anywhere else. It's a lifestyle choice.
And the pizza? Come on man, I live in NYC and nothing beats the pizza here lol hands down the best
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MaestroMike
Gold Member
P/E ratio is 404 that’s mad high if u sell if ur taxable income (gross income minus standard deduction which is 15000 this year) is below 48350 for single filers then (48350-taxable income) long term capital gains is going to be taxed at 0 percent and any long term capital gains after that will be taxed 15 percent if I did my research right. Any ltcg after 533400 is 20 percent
2024-2025 Long-Term Capital Gains Tax Rates | Bankrate
Long-term capital gains are taxed at a lower rate than short-term gains. In a hot stock market, the difference can be significant to your after-tax profits.
www.bankrate.com
Calculator:
I find hilarious a bunch of MAGA grifters basically parroting communist arguments or the literal "you will own nothing and be happy" like The Quartering did.
This is a literal 180º from the first term.
This is a literal 180º from the first term.
It's all about the culture, the food that asians eat are completely different, low fat and in smaller portions in contrast with america, a lot of the obesity nowadays in america are concentrated with the poor and old, same thing in my country Brazil.
If people from the mafia used to do all the tricks to avoid paying taxes or just low enough to not attract the feds, then surely no one ever paid this "92%" rate because no one would even bother to reach that income point or would obviously do some creative accounting like most people do.I used to think the same for years until I learned no one actually paid those rates:
Taxes on the Rich Were Not That Much Higher in the 1950s
Despite high marginal income tax rates, the top 1% of taxpayers in the 1950s only paid about 42% of their income in taxes. See more about taxes on the rich.
Kittehkraken
Member
Trump Threatens to Block Congress From Taking Control of Tariffs
President Donald Trump threatened to veto proposed bipartisan legislation that would seek to limit his tariff authority.
www.rollingstone.com
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Sybrix
Member
The ironic thing is that less developed countries have better food standards than developed nations. That is due to freshness, less chemical sprayed on them, less preservatives that cause cancers.
It’s no mystery why cancer rates are worse in first world nations than less developed ones.
IntentionalPun
Ask me about my wife's perfect butthole
Another factor of all this shit.. anecdotal but everyone I know just absolutely stopped spending extra money this past week. Could absolutely be temporary but it's an understandable reaction to every economist saying a recession is imminent and everyone worried about their retirement funds.
My friends are all in that middle / upper-middle class range. Typical tech workers who like to day trade here or there and buy all the toys they want and constantly uber-eats food not worrying about $20 in fees. Nobody went out this past weekend, a few of us cancelled our Uber Eats subs, and we all cancelled a couple of lesser used subscription services.
I really hope Trump backs down on tariffs this week.
My friends are all in that middle / upper-middle class range. Typical tech workers who like to day trade here or there and buy all the toys they want and constantly uber-eats food not worrying about $20 in fees. Nobody went out this past weekend, a few of us cancelled our Uber Eats subs, and we all cancelled a couple of lesser used subscription services.
I really hope Trump backs down on tariffs this week.
Badlucktroll
Member
Nonehxc
Member
'Lookie here guys, Bangladesh has less cancer than my country despite being 4x the population!! What a paradise of healthy people eating fresh unchemically additivated delicacies'
Javi97
Member
Next week Trump will double tariffs for everyone
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Sybrix
Member
'Lookie here guys, Bangladesh has less cancer than my country despite being 4x the population!! What a paradise of healthy people eating fresh unchemically additivated delicacies'
Didn’t say a paradise of healthy people if you care to read my post correctly. Obviously, and I didn’t think I needed to spell this out, but apparently I do, these nations have a lot of other issues that less developed countries would have but still have better food standards because corporations in their counties don’t take chemical shortcuts and think to hell with public health.
Kittehkraken
Member
Well.
SlimySnake
Flashless at the Golden Globes
Checks and Balances. What a load of nonsense that turned out to be.Trump Threatens to Block Congress From Taking Control of Tariffs
President Donald Trump threatened to veto proposed bipartisan legislation that would seek to limit his tariff authority.
They taught this shit everyday in Freshman year iirc. I want six months of my life back.
FullMetalx117
Member
Actually no...valuation wise the dot com bubble remains far above. Now in terms of spec stuff - Trump/Melania coins, memes, etc. - sure those are bubbles that didn't exist back then.
Great Auk
Member
What's the problem? It's literally checks and balances. If they come up with a veto proof majority then they check the president.
Rentahamster
Rodent Whores
just a reminder of something someone had said once upon a time.
While funny, he actually never posted that, FYI.
Rentahamster
Rodent Whores
The POTUS is literally doing the opposite of what billionaires want right now. The ultra rich are worried about the tariffs.
Here is Bill Ackman disagreeing with the tariffs. We've also seen other billionaires worrying about the tariffs.
Bill Ackman warns world is on brink of ‘self-induced economic nuclear winter,’ begs Trump to pause tariffs
Billionaire fund manager Bill Ackman, who endorsed Donald Trump’s run for President, said the US leader was losing the confidence of business leaders and should pause his trade war.nypost.com
There are more billionaires out there than just Bill Ackman. There were a lot of donations and contributions to President Trump's campaign from all kinds of rich donors, and not all of them have the same interests. Although I don't quite know how it's all related, what concerns me is a lot of financial ties surrounding Saudi Arabia and whose interests intersect where in the long term effects of these tarrifs on the petrodollar, in the wake of other countries trying to set up their own financial infrastructure to use their currency for energy.
Sakura
Member
I wouldn't say it is necessarily nonsense. If they have a two thirds majority then he can't veto it.
Madflavor
Member
I don’t know how to sum up these past few days. Just absolute madness. It’s such an insane gamble with hardly any data to suggest it could work.
If this works out, then great. But if it doesn’t work? A recession would be the best case scenario to hope for. And whether it’s a recession or a full blown collapse, the GOP are guaranteed to get glassed off the political map in 2026. It’s possibly the greatest self-inflicted wound I’ve ever seen in my lifetime.
This week is gonna be so key on what the future holds for us. But if he’s actually going to stick to these tariffs long-term, both parties need to step the fuck up and put a stop to this. Because the shit coming our way is going to greatly affect them too.
If this works out, then great. But if it doesn’t work? A recession would be the best case scenario to hope for. And whether it’s a recession or a full blown collapse, the GOP are guaranteed to get glassed off the political map in 2026. It’s possibly the greatest self-inflicted wound I’ve ever seen in my lifetime.
This week is gonna be so key on what the future holds for us. But if he’s actually going to stick to these tariffs long-term, both parties need to step the fuck up and put a stop to this. Because the shit coming our way is going to greatly affect them too.
GHG
Gold Member
All pathways lead to a recession regardless. That's what the market is pricing in at the moment.
And if he follows through and/or doubles down on the tarrifs? The market takes yet another leg down.
rm082e
Member
Let's be real - one of the two parties would love to vote to yank the choke chain right now. The other sees that as suicide. They're not going to get enough members to agree to turn on him until the pain is well beyond the point of repair.
We should all expect a recession now, even if Trump were to change his mind and try to unwind all of this.
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Nocty
Gold Member
I asked gpt... interesting.
Of the publicly available data gathered in 2025, 3029 billionaires exist 'publicly' in the world. there are an estimated 1,500 billionaires in the world that are completely 'unknown' or private individuals aka, not hedgefund managers, business magnates or celebrities.
While it is impossible to say exactly how many billionaires exist globally, recent studies were conducted by both government agencies, secret services agencies, and think tanks that offered credible sources of information. It is widely believed by the British intelligence services that the UK alone houses approximately 250 of these individuals, the largest population of 'unknown' billionaires. The majority of the rest being in the United Arab Emirates, China and the United States.
The data also concluded that it is highly likely that Russia also houses many wealthy criminals, known as 'oligarchs', thought to have a combined net worth of more than the entire GDP of Russia itself.
lol holy shit.