General Discussion
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still_one
(90,634 posts)egduj
(783 posts)Who would that help?
tavernier
(12,019 posts)I would rather that it didnt.
irisblue
(32,499 posts)You wanna hurt people like me? I don't have much there, but the cats need food& litter, I need coffee& cream.
Soxfan58
(3,474 posts)Obama did to good of a job. But soon the tax cuts and repeal of regulations will have there usual effects.
snowybirdie
(4,987 posts)So many of our pensions depend on a strong market, as well as govt. funds waiting to be spent
Dreamer Tatum
(10,926 posts)Dave Starsky
(5,914 posts)A major upgrade from the last Great Depression (more entertainment options!) .
mercuryblues
(14,222 posts)Companies have already said they will use the tax breaks for dividends and to buy back stock. It will create an artificial boom. Since none of it is going to go towards pay raises for the laborers, the bubble will eventually burst with a decline of consumption of goods. People will realize that their tax break will come at a far greater cost. When you factor in all the environmental regulations trump is nixing we will see a rise in people getting cancer, asthma, and more. The gutting of ACA, CHIP, Medicare and Medicaid less people will be eligible for coverage, will eat up a years worth of tax cuts for 1 doctor visit and medication.
uponit7771
(89,961 posts)Vinca
(49,907 posts)It's going to be like a great, big, giant Kansas.
uponit7771
(89,961 posts)... to put their funds for a decent return other than stocks.
Buffet is right,
https://www.cnbc.com/2017/10/03/billionaire-warren-buffett-says-stock-valuations-make-sense-with-interest-rates-where-they-are.html
Once the great US treasury yields start to go up big money isn't going to keep their cash into the volatile stock market.
PE ratios are going to be screwed for a while
NCTraveler
(30,481 posts)Those on the bottom, not even directly invested in the market, will be hurt most.
I'm so tired of seeing shit like this. I'm so tired of people wanting to do harm to those most in need.
How about you just cheer and purposefully tank your own little market. Dream of harming yourself, not taking out others.