If it has no market value, it has no value. That's the Golden Rule in America. This is yet another phase of solidifying that cancerous domain of thought.
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White House considering ways to incentivize U.S. households to invest in the stock market.
- Thread starter Sectorseven
- Start date
If it has no market value, it has no value. That's the Golden Rule in America. This is yet another phase of solidifying that cancerous domain of thought.
Also jolt the numbers up by November to either carry you through election or leave the next person with the remains after the house of deregulated cards collapses.
AKA conservative economic policy.
Investment is how rich make money off poor saps who think the casino isn't rigged. You also need to have disposable cash before you can play.
"Gambling"
www.macrotrends.net
Dow Jones - DJIA - 100 Year Historical Chart
Interactive chart of the Dow Jones Industrial Average (DJIA) stock market index for the last 100 years. Historical data is inflation-adjusted using the headline CPI and each data point represents the month-end closing value. The current month is updated on an hourly basis with today's latest value.
www.macrotrends.net
It isn't condescending to point out that most people aren't poor nor rich. If you took it that way, that's on you.
It's interesting how many people in this thread think investing is gambling. Feels like they're conflating it with day trading, which you should definitely not do.
so like 802kk
On the other hand one could say that looks a lot like a bubble"Gambling"
Dow Jones - DJIA - 100 Year Historical Chart
Interactive chart of the Dow Jones Industrial Average (DJIA) stock market index for the last 100 years. Historical data is inflation-adjusted using the headline CPI and each data point represents the month-end closing value. The current month is updated on an hourly basis with today's latest value.
lmao you can't be serious this does nothing to help low income families and people who make tons of money don't need a tax break to invest.
Income for most Americans is down against inflation for the past 40 years. You must live in a bubble to think that the "average person" can invest significant amounts of money. The cost of living has gone up and our wages have not.
You came in here and asserted that "most people" have the discretionary income to invest. That's bullshit.
Where did I say the average person can invest significant amounts of money?
Just always assume that whatever trump is for it's bad for everyone but the rich. Which sounds like this is.
First thing I thought of, there was serious discussion and debate in Congress at the time
Considering this will be disproportionately beneficial for those with higher incomes and funnel money away from things that support the disenfranchised, that is unfortunately the point.
Looking at some 2016 numbers, 5 million people maxed out their 401k contribution. (140 million returns filed).
So how many people is this benefiting?
And investing in the stock market is clearly not creating jobs or helping out the wider population (as evidenced by the tax savings given to companies going back straight into stock buybacks). What even is the point of this thing?
So how many people is this benefiting?
And investing in the stock market is clearly not creating jobs or helping out the wider population (as evidenced by the tax savings given to companies going back straight into stock buybacks). What even is the point of this thing?
"Gambling"
Dow Jones - DJIA - 100 Year Historical Chart
Interactive chart of the Dow Jones Industrial Average (DJIA) stock market index for the last 100 years. Historical data is inflation-adjusted using the headline CPI and each data point represents the month-end closing value. The current month is updated on an hourly basis with today's latest value.
I get your point but those dips in the chart are major economic devastations, and a lot of people are not bank rolled to just 'come back' from those.
The general upward trend does not mean everybody survives the trip.
Interesting that they would limit it to incomes of less than $200k.
Are folks under that level really already maxing out their $19,500 401ks and $7,100 HSAs?
Are folks under that level really already maxing out their $19,500 401ks and $7,100 HSAs?
While I am not the most versed in this but I think the idea is that this makes the stock market more healthy and therefore our govt/president can say everything is going great and booming!
Oh, you're right. The average person is totally just emptying the 50-100 dollars they have squirreled away in change jugs to bet big on investments.
This is why you were asked about your income level, because it sounds like you're living in a well-off bubble while confidently asserting things that are not true for "most of us"
I'm confused on how this would work. If you're earning under $200,000 and buy $10k worth of stocks, then sell them years later when you're earning over $200k, are the capital gains tax free? What about dividends paid while your salary is under the threshold?
You said that the average person is capable of investing. Unless they start young or can afford to invest a decent amount of money, how does what you said make the White House's suggestion a program that would benefit the average American person enough to matter?
I look at this as I do with Social Security privatization- it's just a ploy to throw more money into the market so they can have a temporary field day with it.
40% of Americans only one missed paycheck away from poverty
www.cbsnews.com
DrewFu
40% of Americans only one missed paycheck away from poverty
Many otherwise middle-class people are "liquid-asset poor," meaning they can't withstand even a brief financial shock
www.cbsnews.com
DrewFu
We have something like that in Canada. It's called Tax-Free Saving Accounts. They are registered accounts (like 401k or IFA) but you can take out the money at anytime without penalities. The money you put in is after tax (unlike 401k and IFA) but all the growth is tax-free both on-going and when you take it out.
It can be invested in pretty much any financial type investment (stocks, mutual funds, bonds or mix of it).
So for example if you wanted to save money for a house, you put money in there, it grows tax free and you can take it out when you need it (tax-free)
There is a limit of how much you can put in (5000-6000$ per year since the program started).
It's a very nice complement to traditional retirement saving since you don't have to wait for retirement to take it out.
While obviously it not for everyone, even people with more limited income can benefit from it. And since the limit is not percentage based but hard number, it only marginally benefit the ultra-rich.
It can be invested in pretty much any financial type investment (stocks, mutual funds, bonds or mix of it).
So for example if you wanted to save money for a house, you put money in there, it grows tax free and you can take it out when you need it (tax-free)
There is a limit of how much you can put in (5000-6000$ per year since the program started).
It's a very nice complement to traditional retirement saving since you don't have to wait for retirement to take it out.
While obviously it not for everyone, even people with more limited income can benefit from it. And since the limit is not percentage based but hard number, it only marginally benefit the ultra-rich.
I really appreciate your bringing real numbers into this - helps massively with the perspective.
Just another way to continue juicing the markets.
How about we shore up social safety net programs like Social Security that EVERYONE should be getting?
How about we shore up social safety net programs like Social Security that EVERYONE should be getting?
What's also stopping me from buying some super stable stock in Dec 2019. Selling in Jan 2020. And essentially taking my (top tax bracket x $10,000) for free?
The US has Roth IRAs that sound similar to that.
I'm guessing what they mean by tax free is that you do it as a deduction and you won't pay income tax on that 10k.
Fair enough. I take it back. I still like the idea of more people being able to invest, even if this plain isn't it.40% of Americans only one missed paycheck away from poverty
40% of Americans only one missed paycheck away from poverty
Many otherwise middle-class people are "liquid-asset poor," meaning they can't withstand even a brief financial shock
DrewFu
"Gambling"
Dow Jones - DJIA - 100 Year Historical Chart
Interactive chart of the Dow Jones Industrial Average (DJIA) stock market index for the last 100 years. Historical data is inflation-adjusted using the headline CPI and each data point represents the month-end closing value. The current month is updated on an hourly basis with today's latest value.
Eventually there will be a downturn and nobody knows how steep the correction will be. Asking the avg american family's savings: rainy day funds, saving for college, into the market ABSOLUTELY is gambling.
Particularly in 2020 with so many bad actors in the markets.
Its why recent big name IPO's have gotten slaughtered, everybody knows a large part of this bull market is a pony show. And we are going to be asking households to put money into it, which is effectively another form of corporate welfare w/ fees for trading platforms and artificially injecting money into the markets?
The barrier should be lower (but imho education is the issue). But imagine what massacre 2008 would have been if in addition to home equity plain old savings were ties to the market
Surface-level this appears like a reasonable idea that'll help people plan for the future and be incentivized for doing so. Cool.
