Impact of election on market

If you own stocks, should vote for Biden :man_shrugging:t2:

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Antifa now called ‘counterprotesters’ by the media. What Biden called an ‘idea’ knocked out someone’s teeth in the supposedly free speech capital of America.

This election isn’t about Trump vs Biden, it’s the people against the media.

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Your tax dollars at work.

Well, our tax dollars at work–you’ve escaped Taxifornia.

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…and it’s not like the quality of education is so great for all those taxes. By one measure 6 of the 10 dumbest cities in America are in California. To be sure most of them are rural backwaters but since the country is full of those it takes some doing to get on this list.

Did you look at how stupid their criteria is? Number of men in the city?

Maybe CA has some of the country’s dumbest cities. But CA also has some of the smartest. Just look at college+ graduation rate.

WASHINGTON—On paper, the 21% U.S. corporate tax rate was a permanent cornerstone of the 2017 tax law, a boon to business without the expiration date attached to other provisions. In reality, that low rate is only as solid as Republicans’ ability to wield power in Washington.

That Republican bulwark could vanish next month, taking the corporate rate cut with it and upending the planning companies had done around the 21% rate. Democrats, with a chance to control the House, Senate and White House for the first time in a decade, want to raise the rate to 28%. President Trump says he would lower it to 20% in a second term.

The tax-rate increase, plus other policies proposed by Democratic presidential candidate Joe Biden, would lower profits and raise costs of operating abroad. The Biden proposal, when combined with state taxes, would push the U.S. back toward the high end of industrialized countries’ corporate rates, after a few years in the middle of the pack.

Joe Biden’s tax plan calls for nearly $2 trillion in business tax increases over a decade.

Mr. Trump argues that companies will flee the U.S. if their taxes rise. Economists say the tax increase, in isolation, would be a drag on economic growth, but they disagree over the size of the effect and how the burden would be distributed among shareholders, workers and consumers. Government estimates say the bulk of the cost falls on owners of capital, including foreigners, retirement plans and endowments.

Democrats and some Wall Street analysts say Mr. Biden’s tax increases, viewed in his larger agenda, won’t suppress growth. That is because the money would be spent on education, health care, child care and infrastructure—boosting worker productivity and economic growth in the long run.

“You could raise a lot of money to be able to invest in things that can make your life easier, make you change your standard of living,” Mr. Biden said during his ABC News town hall Thursday.

The 2017 reduction in the corporate rate to 21% from 35% was the centerpiece of a plan that also lowered taxes for noncorporate businesses, estates and individuals. The business cuts did relatively little to boost investment, and raising the rate wouldn’t have a big impact either, said Owen Zidar, a Princeton University economics professor.

Higher corporate taxes would make it harder for U.S. companies to compete with rivals based in countries with lower taxes, said James Hines, a University of Michigan economics professor. He said the result could mean lower wages and higher prices for Americans, though Congress could mitigate those effects with targeted incentives to attract manufacturing deemed most likely to shift across borders.

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The other two criteria seem fair enough. And a successful state should strive for a certain level of attainment throughout society. Trying to run things off the brains and skills of a small minority is a recipe for all kinds of problems. Problems with the tax base and problems with wealth distribution just for starters.

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Jim Cramer Likes These Stocks If Joe Biden Wins The Election

Cramer believes if Biden wins the election, the Democrats will be eager to throw money at the solar industry. Two solar stocks he likes: First Solar, Inc. (NASDAQ: FSLR) and Tesla, Inc. (NASDAQ: TSLA).

@Jil must vote for Biden since he has tons of TSLA.

Cramer likes these two infrastructure stocks: Caterpillar Inc. (NYSE: CAT) and Deere & Company (NYSE: DE).

Owned these two :money_mouth_face:

The biggest winners are the China consumer plays, which are Starbucks Corporation (NASDAQ: SBUX), Apple Inc. (NASDAQ: AAPL) and Nike, Inc. (NYSE: NKE) according to Cramer.

Yes!

Jim Cramer is expecting Biden to win.

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Already posted. Do not trust the news polls ! All hypes will go away after Nov 3rd !!

I am all in cash now as market is preparing for potential crash. Once everything is clear, I will be back on to market.

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It depends on outcome of Senate. If Senate stays in R control stimulus, if any, will be puny.

Goldman reiterated its finding that the boost to U.S. economic growth would “outweigh the negative effects of tax increases.”

Post-election, either rockets or dives, we don’t know. But we know for sure Trump would fire Dr Fauci.

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Should in the beginning.
In beginning virus is strong and deadly. He and CDC who tell ppl masks are useless. Study don’t find any use of it. And back then u know what liberals the way they attack me is amazing. Now all became mask god

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2 things what happened in the beginning, it was too early to know what exactly covid was doing and secondly people were asked to not buy n-95 masks because there was shortage in hospitals. Now the scenario is different, more masks have been produced and we have learnt mask may not be the savior but at least protects better than wearing nothing. I believe, blaming Fauci is not the right way.

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If I were Fauci I would retire. He can make more money as a pundit on CNN. Or just lay on a beach. He is 79. Almost as half dead as Biden. I don’t understand all these old farts in Washington. Let the younger generation take over.

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isn’t Trump 74?

No, At early stage in america , we are 2 months behind other asian countries taiwan/hk. Early stage indicates it’s very similar to SARS. we do not talk to those country that has experience dealing with this instead using no STUDY found, it’s BS. and where is the common sense, you don’t need a PHD degree to know masks is better than none.

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He is an old fart too. But maybe because he’s fat he looks more robust. He survived covid19. It’s killed many a lot younger. Hopefully he drops dead in 6 months and Pence takes over.

As far as Biden, he has aged a lot since the Obama era. He was my age then. All the flesh in his face seems to have caved in. He should get Botox and collagen injections.

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Which injections for his brain?

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No he needs a transplant for that.
Trump looks the same as 12 years ago. Most presidents age a lot. The McDonald’s diet keeps him young

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He has Bernie surrogate Kamala implanted for that.

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