Brother Hash speaking truth!Martin Hash wrote:Stocks are a bullshit way for Insiders to get your pension money. Unless you gamble on the flip of a coin, don't get involved.
You want to "invest," fix up a spare room to AirBnB.
You want to "invest," go to school to get an electrician's license.
You want to "invest," quit giving your relatives money, and buy a used car.
Which would not be a bad thing, this would force companies to reduce prices on products because the demand would not be there any more. This also would mean that products and high-ticket items would become more in-line to reality than theory.SilverEagle wrote:I think you meant tax on usage not take on usage and if that is the case I agree 100%. However I do wonder what kind of impact this would have our our debt basis currency. Taxing usage and not income would incentivize the population as a hole to save vs spend. Our currency needs to expand which mean inflation is key and if we're saving and not spending the velocity of money will be slowed down...........The Conservative wrote:American Civil War, the first line of taxes were put into place to help pay for it. After that 1861 was the first income tax, and 1862 started to produce revenue from the taxes... a 3% tax on something along the lines of $600... and 5% off of 10K or more...Martin Hash wrote:Taxing stock purchases! Jesus Christ, maybe we should tax bank deposits.
Does no one understand what taxes are for? It's not a fucking "fairness" issue.
The purpose of taxes originally was to pay for war... taxes now, to fund the government.
Your right, this isn't a fairness issue... you get your whole paycheck, and in turn you get charged a fee for buying things... For me I'd see almost $1200 more in my paycheck if I did that each cycle... and I could tell you right now I'd spend it on things we need, or save it for a larger purchase.
Taxes are blown out of proportion today, want to make it reasonable, take on usage, not on earnings... I earned the money, the government didn't.
I'll be pumping every dime I've got into the SPY, after the next crash. Until then, putting sweat equity into my house.adwinistrator wrote:Brother Hash speaking truth!Martin Hash wrote:Stocks are a bullshit way for Insiders to get your pension money. Unless you gamble on the flip of a coin, don't get involved.
You want to "invest," fix up a spare room to AirBnB.
You want to "invest," go to school to get an electrician's license.
You want to "invest," quit giving your relatives money, and buy a used car.
I would add, index funds are one of the few reasonable market investments.
Index funds will get decimated in next downturn, for ex., majority of the companies in S&P will be sold into no bid.adwinistrator wrote:I would add, index funds are one of the few reasonable market investments.
Can't wait. I confess to the purchase of the occasional put spread, when I have some extra dough.apeman wrote:Index funds will get decimated in next downturn, for ex., majority of the companies in S&P will be sold into no bid.adwinistrator wrote:I would add, index funds are one of the few reasonable market investments.
The cap-weighted index funds will be a death trap.
It's always worth considering the reasons for someones public analysis of market trends.apeman wrote:Index funds will get decimated in next downturn, for ex., majority of the companies in S&P will be sold into no bid.adwinistrator wrote:I would add, index funds are one of the few reasonable market investments.
The cap-weighted index funds will be a death trap.
Calling down Doom on the FANG? Bold move...apeman wrote:The equity "bubble" or whatever will be worst in (1) the less-desirable companies in cap-weighted indexes (the median stock in the S&P 500 is the most expensive in history for obvious reasons)
and
(2) the top 5 or 10 or 20 biggest stocks, which account for most of the gains in overall market over past several years
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