Market Crashes
- Thread starter katzgar
- Start date
Despite all the wailing from the Reichwingers about the proposed corporate tax hikes, Wall Street seems remarkably meh about the whole thing. Maybe it won't destroy the economy after all?
That's like saying that some day the Cleveland Indians are going to win another World Series and the Detroit Lions will appear in a Super Bowl
Taft2016
Verified User
Nah, they'll just do what they did before. Move everything overseas.
Wrong. This is like saying that we are going to hit a wall and get hurt as we are flying towards a wall with no way to stop the collision.
(shaking head) You. Are. A. Idiot!
Wrong.
We are currently pretending that debts will be generally repaid when we know that this is not going to happen, the defaults either through not handing over the money according to terms or handing over devalued money will be massive. At the point that the fantasy can not be sustained anymore the system crashes. It will happen, reality will always break fantasy.
(sigh)
Consider yourself warned.
gemini104104
Verified User
So true and this is what idiots vote for against their own interests and the interests of society in favor of deplorable repukes.
Yeah. You're the guy that bailed out of the Market and now has his money hidden in his mattress. Real Intelligent!
.
You know nothing about the dow jones or which companies comprise the stocks upon which the "average" is computed.
Take a look at which companies are on the list ... when they were added/deleted ... and compare that to the average ...
I seriously doubt that you will do this since your mind is already made up and you don't want to confuse yourself with the facts
O well
10 of the 12 post-WW2 recessions have been under Republican presidents. Including the three worst, the mega-recessions of 1982, 2008, 2020.
But yeah, they're just great on economic things! Not.
Putin and his Kremlin henchman ain't dumb. They know if they want to weaken America's economic health and international stature, they need to align themselves with keeping the GOP in power.
Callinectes
Proud MAGA Semi-Facist
the reason wall street seems meh about the whole thing is probably twofold. 1) The corporates have already defrosted their obama era tax lawyers and accountants for this next round of "hide the money and lie about it"(which I have no problem with) and 2) Maybe they're holding out hope that the imbecile-in-chief and the other 2 morons in the clown car with him(pelosi and schumer)will not be stupid enough to raise ANY taxes as the economy starts to rebuild post-pandemic. Based on evidence presented so far, that hope is seriously misplaced. And it is pure speculation on my part. Theory one is much more probable.
No doubt they'll be working those loopholes hard. A large number of giant corporations pay little to no tax now due to legal means to avoid them. If we'd just close those, taxes would not need to be raised, eh?