Did I buy Tesla at 180 back in 2019 because of you? I don’t remember having such a connection so I can’t claim you as my advisor nor thanking you, I’m sorry to say
But too bad you couldn’t hold on to your purchase and sold prematurely. You could’ve been a wealthier person like me. You are just not good with stock investing. Good thing you still have your real estate as your saving grace.
Panda said half-hr and 2-hr top killers indicate SPX will be down 2mrw. Previous two consecutive signals didn’t bear out… third time or this time will be correct?
Market is probably cheering only corporate taxes are increasing.
Can anyone in the government do math? $2T over 8 years is $250B/yr. Corporate income tax revenue is $230B/yr. Increasing the corporate income tax rate to 28% won’t pay for the plan. It’s won’t come close. It’d have to more than double corporate income tax revenue. This is just more BS where they claim a tax funds something while spending 4x more than the tax revenue crated.
The issue is that govt won’t get that $230 B/yr as Corp will move the profits to overseas, tax heaven countries, and permanently damage Corp money inflow.
The technical term is “Intercompany transactions/transfers”, google it to see further information. Simply, mega gaps use that methods to shelter tax and nothing USA can do about it.
He corp taxes harming US than benefiting. Market may be running with positive news sometime, but correction will come soon, appx 20%-30% range well before this tax becomes a law !
$230B was the revenue in 2019. It appears we are spending the money over 8 years and paying for it over 15 years. That “only” requires a 58% increase. The math doesn’t work.
This is how all these programs are proposed. It’s amazing to me no one is doing the math. They just blindly report the tax increase will fund it.