No tax cut extension will crash the stock market Obama thinks he revived

Discussion in 'Politics' started by Revere, Dec 2, 2010.

  1. Revere
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    Revere BANNED

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    Nobody is going to wait until 2011 to realize capital gains.

    How big are your balls, President Pro Growth?

    Delaying Tax Vote Could Crash Stock Market - Washington Whispers (usnews.com)

     
  2. Lumpy 1
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    Lumpy 1 Diamond Member Supporting Member

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    May as well be prepared, these F'ing Democrats in Congress are proven and destined failures.
     
  3. Mr. Shaman
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    Mr. Shaman Senior Member

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  4. Old Rocks
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    Old Rocks Diamond Member

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    Poor, poor rich man. Hell, give the bastards another tax break so they can ship some more factories overseas. Yep, that's the Republican ticket.
     
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  5. The Rabbi
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    The Rabbi Diamond Member

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    Letting people keep more of their own money is not "giving" them anything, twit.
     
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  6. 8537
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    8537 Senior Member

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    What a classic piece of misunderstanding. If people are selling an asset now because they believe the sale will be taxed more heavily in the future, the underlying price of the asset doesn't change. The stock market may or may not decline in the short term as a result, but the fundamental value of the market doesn't change.

    This is the kind of ill-conceived logic one gets when such a large sector of your economy is based on the speculative trading of savings.
     
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    Last edited: Dec 3, 2010
  7. editec
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    editec Mr. Forgot-it-All

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    Lots and lots of people will sell to avoid that tax increase.

    And lots of lots of people will buy, too.

    And Wall Street will make lots and lots of money because of it.
     
  8. Dr.Traveler
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    Dr.Traveler Mathematician

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    Its a moot point anyways. It's looking like Obama will cave on this issue too.

    He's just turned out not to be very strong. C'est la vie.
     
  9. The Rabbi
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    The Rabbi Diamond Member

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    What an idiot.
    There is no "underlying price of an asset". A share of stock is worth what people think it is worth. If its value declines because raw materials prices are rising then it is worth less. If its value declines because higher tax rates will reduce its return, then it is worth less. There is no difference materially. Both reflect the perceived value of the asset, not any fixed intrinsic value.
     
  10. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    You must understand the modern Marxist like Obama. It is never really your money.
     

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