chinacat
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Post by chinacat on Feb 14, 2020 22:07:27 GMT -8
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Dave
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"It's tough to make predictions, especially about the future." Yogi Berra
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Post by Dave on Feb 15, 2020 5:44:57 GMT -8
White House considering tax incentive for more Americans to buy stocks, sources sayJD posted this link yesterday and I thought that it was worth further discussion. I was surprised at the resistance by some members over the idea that more people need to invest and provide for their future. Is there anyone here that has regrets over investing in the market? I’m sure most of us have made wrong choices in the market, but have learned and recovered. Give people the opportunity by providing an incentive, and let them decide.
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chinacat
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Post by chinacat on Feb 15, 2020 6:55:27 GMT -8
White House considering tax incentive for more Americans to buy stocks, sources sayJD posted this link yesterday and I thought that it was worth further discussion. I was surprised at the resistance by some members over the idea that more people need to invest and provide for their future. Is there anyone here that has regrets over investing in the market? I’m sure most of us have made wrong choices in the market, but have learned and recovered. Give people the opportunity by providing an incentive, and let them decide. You mischaracterize my response. It’s not about the “need,” but about the ability and wisdom of doing so for a majority of the populace. And anyone who thinks that the supercilious idiot Stephen Moore has any concept of the capability and wisdom of the average American to do so is sadly mistaken. The “opportunity to do so” is a cruel joke, intended to produce a further transfer of wealth from those who cannot afford it to those that do not need it. Was that clear enough?
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Dave
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"It's tough to make predictions, especially about the future." Yogi Berra
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Post by Dave on Feb 15, 2020 7:48:48 GMT -8
White House considering tax incentive for more Americans to buy stocks, sources sayJD posted this link yesterday and I thought that it was worth further discussion. I was surprised at the resistance by some members over the idea that more people need to invest and provide for their future. Is there anyone here that has regrets over investing in the market? I’m sure most of us have made wrong choices in the market, but have learned and recovered. Give people the opportunity by providing an incentive, and let them decide. You mischaracterize my response. It’s not about the “need,” but about the ability and wisdom of doing so for a majority of the populace. And anyone who thinks that the supercilious idiot Stephen Moore has any concept of the capability and wisdom of the average American to do so is sadly mistaken. The “opportunity to do so” is a cruel joke, intended to produce a further transfer of wealth from those who cannot afford it to those that do not need it. Was that clear enough? Yes, you are quite clear. Perhaps it was this part of the story that you found most upsetting. I’m one of those average Americans that lacked the ability and wisdom to invest. Thankfully I did it anyway. To do nothing was not a good choice. Sadly, many people are depending on having a winning lottery ticket to fund their retirement. I believe the idea here is the same as an IRA. Provide people with an incentive such as a tax deduction to help fund their account.
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chinacat
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Post by chinacat on Feb 15, 2020 9:35:06 GMT -8
Yes, you are quite clear. Perhaps it was this part of the story that you found most upsetting. I’m one of those average Americans that lacked the ability and wisdom to invest. Thankfully I did it anyway. To do nothing was not a good choice. Sadly, many people are depending on having a winning lottery ticket to fund their retirement. I believe the idea here is the same as an IRA. Provide people with an incentive such as a tax deduction to help fund their account. No, you are wrong. My opinion of Stephen Moore comes from listening to him. I grew up in a typical New England Catholic blue-collar family. My father worked two jobs until all of the three kids were out of the house; my mother worked part-time once we could be trusted home alone after school. As a teenager, I worked part-time around school hours as a clerk in a drugstore and as a caddy in spring and summer. I was fortunate enough to be accepted to an Ivy League school and to choose the about-to-boom software industry for my career, and even more fortunate to have the company whose computer products I loved and invested in become one of the great financial juggernauts of our time. So I have seen both sides of the coin, and I know which side Stephen Moore works for; it’s not the blue-collar folks scraping together enough to provide a decent living for their family. His plan to funnel their meager savings into the hands of financiers is not born of empathetic concern.
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JDSoCal
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Aspiring oligarch
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Post by JDSoCal on Feb 15, 2020 9:54:54 GMT -8
White House considering tax incentive for more Americans to buy stocks, sources sayJD posted this link yesterday and I thought that it was worth further discussion. I was surprised at the resistance by some members over the idea that more people need to invest and provide for their future. Is there anyone here that has regrets over investing in the market? I’m sure most of us have made wrong choices in the market, but have learned and recovered. Give people the opportunity by providing an incentive, and let them decide. You mischaracterize my response. It’s not about the “need,” but about the ability and wisdom of doing so for a majority of the populace. And anyone who thinks that the supercilious idiot Stephen Moore has any concept of the capability and wisdom of the average American to do so is sadly mistaken. The “opportunity to do so” is a cruel joke, intended to produce a further transfer of wealth from those who cannot afford it to those that do not need it. Was that clear enough? Yes, it was clear, USDA Prime Bullshit. Transfer of wealth, LOL. So the productive class NOT having some of its money stolen and wasted is a "transfer of wealth." LOL. Dude points a gun at me in an alley and asks for my wallet, but I get the drop on him and shoot him whoops, TRANSFER OF WEALTH. Look, you libs LOVE to make these silly claims that Republicans/conservatives don't care about poor people being poor. I didn't even bother responding to Silkstone's ludicrous post yesterday, because he accused me of the EXACT OPPOSITE of my actual opinion. Here's the reality: If I am so selfish, as you libs love to claim, why would I want poor people to be stealing my money, as opposed to lifting them out of poverty so I can keep my money? As a further benefit, if even 25% of poor people were lifted into the productive classes, they'd start voting with their wallets and the Democrats would never win another election. WIN WIN for Republicans. Conversely, which party benefits from subsidizing the poor into a permanent underclass? If there were no poor tomorrow, what would happen to the Democrat party? You'd go the way of the Whigs. Look, you can disagree with my policy claims, but stop making these stupid ad hominems. I truly believe that poverty programs generally not only do not work to lift the poor out of their station, but do the exact opposite. When you subsidize something, you get more of it. LOL at the Los Angeles Mayor saying, "OMG we've spent billions on the homeless, and yet we have MORE homeless!" You can disagree with our policy suggestions, but stop with the bad faith attacks that we don't believe what we say. I've been following Steven Moore forever, and I'm sure he'd love to debate you about how the Welfare Reform of the 1990's got millions out of poverty. We actually have a system that 1) Rewards government workers for getting more people ON government benefits and 2) Punishes working poor for making more money by taking their benefits away.
And liberals think this is sound policy.
OK, as usual, lefties think the little people are too stupid to help and think for themselves. That's why you have at least a part of Social Security privatized in the markets. Instead of a hand-to-someone else's-mouth TRANSFER OF WEALTH, let the working poor have some agency and ownership of their FICA contributions and actually build a nest egg (instead of their payroll deductions going to others like a big Ponzi scheme). I think that my side of the aisle would be willing to set some income caps on Social Security benefits (freeing up money) IF we could go to at least a partly private system. In other words I'd give up at least part of my Social Security checks if I thought that the Democrats would be willing to change the system. But of course the left would be against this. Because the 1965 War on Poverty has worked so well (makes the Vietnam war look successful). All your liberal welfare programs have failed to lift people out of poverty, and have actually had the opposite effect, but you'll stubbornly refuse to ever learn from your mistakes, and just demand MOAR MONEY from the productive class. All these social welfare programs do is keep the poor poor, voting Democrat, and creates LOTS of public sector union jobs (Democrats who vote and donate to Democrats). Meanwhile, they don't lift one person out of poverty. So which side really wants solutions for the poor? “I am for doing good to the poor, but...I think the best way of doing good to the poor, is not making them easy in poverty, but leading or driving them out of it. I observed...that the more public provisions were made for the poor, the less they provided for themselves, and of course became poorer. And, on the contrary, the less was done for them, the more they did for themselves, and became richer.”
― Benjamin Franklin
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chinacat
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Post by chinacat on Feb 15, 2020 10:30:25 GMT -8
Well, JD, all I can say is that I have lived both sides, and it is clear to me who the exploiters are. Perhaps your experience is different.
Why don't we raise the minimum wage to provide the poor with additional funds?
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chinacat
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Post by chinacat on Feb 15, 2020 10:58:47 GMT -8
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Dave
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"It's tough to make predictions, especially about the future." Yogi Berra
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Post by Dave on Feb 16, 2020 4:12:34 GMT -8
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Dave
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"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,050
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Post by Dave on Feb 16, 2020 4:27:16 GMT -8
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Post by hledgard on Feb 16, 2020 6:24:55 GMT -8
Thanks for the open Chinacat. It is always nice to see the weekend comments and observations. The weekend is like a pause on the market to step back.
Appreciate it !
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4aapl
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Post by 4aapl on Feb 16, 2020 7:28:35 GMT -8
The math on the numbers is interesting. Call it 70k confirmed illnesses, on a population of 1.4B (for numbers sake, assume it's all in China, and round up). That's one sickness per 20,000 people. On deaths, using 1700, and you get a bit less than 1 per 800,000 people. Now, that's just an order of magnitude analysis, using the numbers given. But at those rates, the real worry is fear and uncertainty. It's good to be proactive on a new sickness. A search shows a population of 7 million for the SF Bay Area. Would there be even a tick if 350 more people were sick, and 9 people died, over a month? I don't even know how many people die in our town of 5k on a monthly basis, unless it's someone I know directly. But if evenly distributed, and an average lifespan of 70 years, 71 would pass away last year. or nearly 6 per month. I knew 2 of them last year, and knew of a few more. 1 in 70 is a whole lot greater than 1 in 66k (annualized). May the numbers continue to stay small, even if the new sickness and containment efforts create some unrest. The ding to Apple, China, and the world economy will only be temporary, as long as the scale doesn't grow hugely.
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chinacat
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Post by chinacat on Feb 17, 2020 7:27:31 GMT -8
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Post by wildguess on Feb 17, 2020 13:54:48 GMT -8
Apple just announced they will not meet revenue guidance. Don’t have link. Could be volatile Tuesday.
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Post by aaplcrazie on Feb 17, 2020 19:52:18 GMT -8
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