Let’s check stock market performance under different presidents. Bush and Trump cut taxes, Obama raised.
Tax rate is just one variable among many. People, especially conservatives, are obsessed over this one single variable and ignore the others.
California is one of the most highly taxed state in the country. People have been predicting tech firms will move away. Have they?
Yes.
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Yeah, the decades of data showing developed economies where taxes are under 20% of GDP grow 2x faster than economies where taxes are over 40% of GDP is total BS and fake.
You talk about GDP growth then show a graph of stock market. At least show a graph of the metric you’re discussing.
Then there’s the fact that every time we’ve cut taxes GDP growth accelerated afterwards. Some how every time we’ve lowered tax rates we manage to collect more tax revenue the next year. It’s been true across multiple decades of different cuts.
Some how, you manage to ignore all these things like they never happened and don’t exist. At this point, it’s comical. It’s not worth discussing, since I’m pretty sure you don’t even read the responses.
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Since we are taking about stock market performance stock charts are more pertinent to the discussion.
Are you kind enough to give us your prediction how the stock market will perform under Biden and whether you will liquidate your stock portfolio if Biden wins?
Old chart, didn’t include Obama’s second term. Somehow economy grew faster under Dem presidents since WW2.
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Well yeah. All the major wars happened under Dem presidents and wars are generally stimulatory.
Add to that the fact that Obama came in at a market low - and after an 80% increases in the national debt his high was only about 28% over the previous high a decade earlier. If you’d dumped your stocks in 2007 when the Dems took both houses and before they took the White House you could hidden out almost anywhere until Trump got elected - bonds, even gold - and done far, far better than you would have staying invested.
Companies used to move head quarter or some operations to a better tax jurisdiction (Apple was one for example, and Broadcom was another). Things changed after Trump reduced the corp tax rate.
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Dem are fighting a cultural war. Economy is no more a focus.
SC, FL and AZ in deep trouble.
It’s no longer cultural; it’s just a war. This is some of the havoc wrought by the folks the Dems are egging on.
https://twitter.com/mtracey/status/1278463071556599808
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“ Gov. Andrew Cuomo of New York and Gov. Phil Murphy of New Jersey issued almost identical orders in late March requiring nursing homes to accept COVID-19 patients being discharged from hospitals. The orders barred the homes from even asking if the patients had the virus, lest they be discriminated against.”
Yeah, let’s see Democrats justify this one.
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@Jil,
Should we believe figures from any nations that have less total cases/ 1 M pop than China?
Vietnam has only 4??? Papua New Guinea only 1!!! It seems no death from Covid-19 too.
For an investor, only one focus, where can place my money safe and grow ! I am only investing in US market and do not care about what other countries declaring unless it affects US economy.
If you are trying to invest in Vietnam or Papua New Guinea shares, then you need to see the real impact. Otherwise, it is immaterial to you.
You are taking this as personal, and is unable to understand what I am telling.
Any way, let me stop this here, no more update on this topic (esp China related Coronovirus topic).
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The PC 
way is “I don’t understand what is going on there” not citing controversial premises for your decision. The truth is we don’t know what is happening there because we don’t stay there.
Any one of the premises is weak or controversial, your decision/ message would be too.
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Maybe we should all retire to New Guinea. I’ll bet real estate is a bargain there. Nice climate too.
Meanwhile Australia is having issues.