Two different approaches to reducing federal deficits and debts.
Trump: Pull back troops and extort other nations.
Biden: Increase tax on the 1% and corporate.
Which one is better for stock market?
My guess is you would prefer Trump since youâre an 1âer 
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The stock market will be fine. But the Democrats want to fundamentally change our society. They want to control who lives in your neighborhood. They want to take money from achievers and give it to slackers.
The want to eliminate private property.
They want everyone to have free housing, food, education, health care, guaranteed $2000/m per person. Just confiscate the money from the rich to pay for it. The problem is there is not money to pay for all their demands⌠even it every rich person was robbed blind.
This is class warfare. And those of us with means donât plan on loosing.
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Stocks will go UP and Down as usual, nothing new about whoever comes.
For me, adding more tax on corporations is not good as current tax is average across the world.
I do not support Bidenâs 28% tax as a solution for reducing federal deficits and debts. Dem. always think tax as eternal solution for everything. This is digging our own grave as big businesses will be moving the money overseas again. We have seen 4.5T kept by corporations legally pre-2017 tax reform and almost everything came back USA now.
If Biden increases corp tax, all companies will revert their old practice. US can not do anything as all companies moving their money legally allowed way.
Companies like Apple, googleâŚetc Just buy an overseas company and make it as overseas production office with 5% of employees. They become manufacturing company (overseas) and assign 70%-80% of revenue and balance 20%-30% revenue comes to USA. This 100% legal way and US can do nothing about it, except they can call Tim Cook (Or Sundar Pitchai) to Senate+House hearing and Grill him with 4 hours of questions. They can not even get a single $1 from them.
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Grilling is just for show .
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Biden wants to tax overseas profits even if they arenât brought back to the US. Thatâll just lead to reverse mergers where US companies buy a foreign company to move their HQ outside the US.
It used to be even Democrats would acknowledge higher tax rates slow economic growth. Now they live in fantasy land where increasing taxes happens in a vacuum, so everything else stays the same and tax revenue increases.
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This will 100% happen, esp for all big companies. If companies move to Germany or Ireland, those will protect them as it provide tax revenue and employment.
But, Dem. will not understand this, but foolishly going after their own agenda !
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Dude you are ignoring the polls. Not just national, but state.
Wisconsin, Pennsylvania, and Michigan are a relatively clear Biden slant now. Those 3 states will give Democrats the election. Trump will need to turn at least one of those for a chance to win.
Why do you think thereâs so much push against mail in voting?
If Republicans picked a different candidate with the same policies but wasnât a huge arsehole, they would be in much better shape. Why donât they?
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I consider myself a person with means and am more than willing to give some of what I have to help others out who are systemically being held back.
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Nothing in the current systems prevents you from doing that. There are endless non-profits for donations of time and money. Why support requiring others to contribute their money? Itâs their money, and they should be able to do with it as they see fit.
Thatâs not even addressing that two of the biggest systematic policies of racism are from Democrats.
Redlining: FDR
Lack of school choice: Democrats
Welfare policy: Democrats
The welfare cliff traps people in low-income jobs. The program design also has led to an increase to 77% out-of-wedlock rate for minorities vs 25% before it. The #1 driver of poverty is single parenthood which makes someone 4x more likely to live in poverty. Of course, Democrats have conditioned that demographic to be dependent on the government and keep voting democrat.
Why do you think all the high crime and high poverty cities have been democrat run since the 60âs? You really think Democrats canât fix those issue if they wanted? It gives them a captive set of voters. Who cares of their policies are hurting those people.
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Are you willing to give away 70% of your income in taxes? Many Californians already give more than 50%
Add it all up. 36% Fed13% SSI 13% state. Obamacare tax, unemployment insurance tax. Sales tax Property tax, Cap gains taxes, excise taxes, tarrifs etcâŚ
Those held back are often because of their own faults. We have had affirmative action for 50 yearsâŚTo many all it has done is help promote incompetence and angered the white working class⌠that anger is still there in the Midwest. Pennsylvania Ohio Indiana Michigan Wisconsin will determine the election not Democrats in California.
My CA vote for Biden means nothing.
Polls mean nothing⌠Hillary lead in the polls
Trump is so disgusting that people wonât admit to anyone they are voting for him. The Democratic agenda is even more disgusting
âIf Republicans picked a different candidate with the same policies but wasnât a huge arsehole, they would be in much better shape. Why donât they?â
As far as gentlemen like Romney, they get vilified by the progressives and the press. Only an arrogant asshole like Trump can stand up to their pillory.
Tom McClintock is a total gentleman who almost became governor. He is a mild mannered respectful intelligent politician. The liberal urban left paints him as the Anti Christ⌠they make me puke. They lie and distort the truth⌠there are no nice guys left in politics.
Across 15 battleground states, the survey finds Biden has the backing of 49% of registered voters, while Trump lands at 48%.
The pool of battleground states in this poll includes more that Trump carried in 2016 (10) than were won by Hillary Clinton (5), reflecting the reality that the Presidentâs campaign is more on defense than offense across the states. Taken together, though, they represent a more Republican-leaning playing field than the nation as a whole.
I think it is clear that Trump will win. It is too bad neither party can come up with a better president.
But the election primaries recruit the extremists and the debates are a disaster. Besides covid19 is being pushed to the background. It seems like CNN wants an election on racism. A loser battle for the left. The majority does not like being called racist.
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Harris said one thing to watch as the election draws closer would be hostility toward Iran from the U.S. in order to get people to ârally around the flag.â
âA most likely ârally around the flagâ event would be (the U.S.) attacking Iran or perhaps (a) Venezuela overthrow,â he said in an email to CNBC.
Buy defense and oil stocks?
Harris also said âprotectionâ investments could come in the form of selling put options (contracts giving the holder the right to sell an asset at a specific price, by a particular date) or general âde-risking.â
Sell? Shouldnât it be long puts?
Harris disagreed, however, arguing that a Trump victory could cause a âhuge amount of turbulence in markets, because I think the running assumption is we are going to have a lot of hostility and dysfunction in an environment like that.â
Long SPXU if Trump-Pence win.
Those who expect markets to balk at a Democratic victory assume that sharp reformist policy moves will follow such a result. However, Harris was not convinced this would happen, on the basis that a Democratic clean sweep would provide certainty that policy can be delivered. As such, it could offer markets the kind of bounce they saw when Trumpâs long-touted tax bill was passed.
Long UPRO if Biden-Harris win.
From now, we need to monitor closely, long SPXU or UPRO 
Historically major wars have been instigated by Democrats.WWI WWII, Korea, Vietnam and even minor ones like Bosnia and Syria. Iâd load up on names like RTN if Biden wins and lighten up with a Trump win; heâs trying to get our military out of just about everywhere except our own border.
Tax Apple instead.
Biden to ABCâs David Muir on raising taxes: âNo new taxesâ for anyone making less than $400,000
As long as some other country gives a better corporate tax than USA, any taxation on corp will not help.
For that matter, all big corporate engage specialized tax lawyers, experts how to legally how to pay least taxes.
If they do, Apple will survive with the help of tax lawyers and tax consultants, but USA will get hurt by those actions.
This is exactly like Manufacturing jobs move to china for multi-decade as the cost of manufacturing is too low. If the cost of manufacturing in china increases, then US will have local manufacturing.
Same way, taxing corp will not help USA.
Not true. Despite the trade war and Trumpâs corporate tax cut, our imports from China havenât gone down at all. We need to close those tax loopholes so multinationals canât cheat by booking revenue in Ireland or some shenanigans like that.
As long as a company wants access to the American market, they will be willing to pay. We just have to make sure they do. Chinese tax rates are actually higher than America.
Trumpâs trade war is stupid. It doesnât work. We need some other approaches.
Did any of you watch the biden DNC speech. Most everyone said he did well, even the fox people.
Thoughts?
I am also telling the same.
Assuming iphone mfr cost is $250, sale price here is $1250, whatever tariff 25% is applied to iphone will not discourage any one from importing. Unless $750 tariff is applied (which will equal to cost of US mfr), there is not way tariff can stop the imports.
Corps are trying to save money by importing from abroad.
In similar way, when Germany gives 15% corp tax, ireland gives 17.5% corp tax, biden increases 21% to 28% corp tax, 100% guaranteed all big corps will establish manufacturing company in either germany or ireland to get the tax haven benefit.
Corps will try to save tax money by producing/manufacturing outside of USA when corp tax is reduced.
You are selling the US short. Tax isnât the most important factor for a company. If it is you wonât see any company in California at all. Access to market is far more important. Access to talents is more important. Access to capital is more important. Etc etc.
We can close tax loopholes and tax companies with significant US footprint their global profit, no matter where they manufacture their stuff. By the way thatâs how we tax US citizens. Why should companies be any different?
These are for start-ups, not for established companies like AMZN, AAPLâŚetc they are the biggest revenue/profit centers.
This is exactly like we start filing our own taxes when our income is less, and seek CPA when it becomes complex.
Mom/pop companies (Traders are different) manufacture or make everything here, not in China. Only established companies seek cost effective mfring and going to china.
Similarly, all established companies shift the centers for tax purposes.
Any company, above 10B -25B market cap level onwards goes to cheap manufacturing china will also make similar tax heavens.
Keeping a tax heaven mint them billions ! USA has seen 7.5 Trillions kept overseas Pre-Trump period, that drastically reduce with 2017 tax changes.
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