As America Changes, Some Anxious Whites Feel Left Behind

[Nordberg]

fact is after the bankers crashed the economy, the people were offended when the banks were saved and the people left in the wind. Both Clinton and Obama put Wall Street bankers in charge of the treasury. We hoped they would have been spurred to do the right thing because of the carnage. But it does not look that way from the middle and bottom. Not one banker went to jail. They got paid . They actually continued to profit off the crash they caused.

Anyone who thinks Trump was going to help the people is deranged. Trump thinks blowing bankers and powerful people is a food group. he does not give a shit about you. He knows how to play the people though. Knowing his audience and how to trick them is his talent. He is a multi bankrupt blowhard.

 

[Truth Detector]

You fucking idiot.

Sarbanes-Oxley is a corporate accounting bill. Oxley had another bill, the GSE reform, which was a completely different bill, but which you're trying to conflate with a different bill.

It will shock you to know that Representatives sponsor multiple, different bills.

There you go again.....

 

[Truth Detector]

So what we now have is you frantically googling and then posting the first google result that confirms your shitty bias.

Of course the Capital Gains Tax Cut of 1997 fueled the dotcom bubble.

Zhang & Co. pointed this out very clearly for you, but you obviously didn't read it.

Nothing you posted refutes that claim. That's because you don't understand what words mean. If you read what I posted, you'd see that the Capital Gains Tax Cut caused a rapid expansion of the Dotcom Bubble. You're pretending that the growth of the dotcom bubble was consistent throughout the 90's. but you have no stats to back that up. Instead, what we see is that immediately following the Capital Gains Tax Cut of 1997, volatility skyrocketed which inflated the bubble:

We infer from the findings in this study that the volatility left, after controlling for every known determinant, reflects the influence of the 1997 capital gains tax rate cut. Stock return volatility was substantially greater after 1997. Furthermore, firms most affected by the rate reduction showed the greatest change in volatility. Specifically, non-dividend paying firms had a greater increase in volatility than dividend-paying firms and firms with large unrealized capital losses experienced a greater increase in volatility than firms with small unrealized losses.

Do you know what any of that means?

They further go on to say that:

The reason we find that conclusion to be significant is because the Taxpayer Relief Act of 1997 left dividend tax rates unchanged - they continued to be taxed at the same rates as regular income in the United States, which provided a powerful incentive for investors to treat the two kinds of stocks very differently, favoring the low-to-no dividend paying stocks over those that paid out more significant dividends.

That's what fueled the bubble, as they say:

To provide more compelling evidence that the 1997 tax cut affected volatility (and mitigate concerns about omitted correlated variables), we focus on cross-sectional tests which are designed to detect the differential responses in return volatility of stocks with different characteristics. We hypothesize that the effect of a capital gains tax change on stock return volatility should vary depending upon dividend policy and the size of the unrealized capital losses (or gains). Consistent with expectations, we find that non- and lower dividend-paying stocks experienced a larger increase in return volatility than high dividend-paying stocks. We also find that stocks with large unrealized capital losses had a larger increase in return volatility after a capital gains tax rate reduction than stocks with small unrealized capital losses. However, we do not find a similar relation with unrealized capital gains.

There you go again.....

 

[Truth Detector]

One other thing I notice you do is that you change my name in the reply box so it doesn't notify me when you respond to one of my posts. You do that because you want to get the last word in, even if that last word is completely wrong. So you change my name so I don't get a notification you responded to me, so your points can go unchallenged. You do that because you're insecure and deficient. And you know it.

ITS A CONSPIRACY!!!

 

[Truth Detector]

fact is after the bankers crashed the economy, the people were offended when the banks were saved and the people left in the wind. Both Clinton and Obama put Wall Street bankers in charge of the treasury. We hoped they would have been spurred to do the right thing because of the carnage. But it does not look that way from the middle and bottom. Not one banker went to jail. They got paid . They actually continued to profit off the crash they caused.

Anyone who thinks Trump was going to help the people is deranged. Trump thinks blowing bankers and powerful people is a food group. he does not give a shit about you. He knows how to play the people though. Knowing his audience and how to trick them is his talent. He is a multi bankrupt blowhard.

WARNING…….Trump Derangement Syndrome.…….WARNING!