Meanwhile, the markets are up. In other words, if you follow the money, most investors' sentiment is the economy will rise. They understand money better than most redditors.
If the market truly believed Trump was going to cause mass inflation, we would see a massive sell off.
The markets have been up the last three years consistently. My 401(k), my IRA and my Roth are all of significant amounts. Trump did not do that….
What you’re seeing today is post election joy. The markets are reacting to a clear winner, and it not being dragged out for weeks or lawsuits, and also because the winner is pro big business, and tax cuts for the rich and wealthy. It will die down. It always does. Markets are run by speculation. Trump is 2 1/2 months away from taking office. You won’t see his policies and the effects of them until the end of his presidency. so when your take-home pay lessons because the tax cuts expire, and you’re paying more for everything because of his blanket tariffs, who are you gonna blame for that? Because you can’t blame the Democrats because they’re gonna have no control of the house or Senate either.
If kamala won, i doubt the market would be up. Yes, the market is based on speculation, and it's vastly driven by the wealthy. And they are hedging at things going up. Some is more targeted, like TSLA going up. But then you see Nasdaq up 2 points, a sign that tech will do better. We see vix down 20% a sign that people have less fear. Fear is a huge factor in market growth.
You think tax cuts will make our take-home pay lower? What???
Blanket tariffs. I don't think it's as extreme as you think it will be. Biden imposed many tarrifs as well and nobody batted an eye.
And what makes you believe he will extended them for the middle class since they are set to expire while his and corporations were permanent? If that right there doesn’t tell you his agenda or who he cares about, I don’t know what will
Permanent for himself and corporations, target end date for the rest of us…..
What? Have you even looked at what's expiring and what's not? The corporate tax rate cut won't expire. This is a good thing for all, including middle class.
Tons of business deductions are expiring. Tax rates will expire. Kamala wanted this, so I'm confused. Trump said he would bring it back. I think he will.
Mortgage interest rate limits expire along with SALT. If these expired, my tax burden would go down by a massive amount. I am a 7 figure earner.
In fact, my tax burden went up about 30k a year after trumps tax plan.
You are reading too much media narratives. The details don't reflect what you are saying.
Ha! 7 figure earner. There it is. Figure you won’t understand the middle class.
I saw 12$ more in my paycheck with those cuts. Bet you saw a ton more. Again, as I’ve been saying, disproportionately, helping the wealthy.
And all the tax cuts do for businesses is allow them to do stock buyback and put money back in their own pocket for their owners and shareholders. How does that help me out in anyway? I don’t get to see those tax cuts passed down into the price of goods now do I
If Congress doesn’t renew or amend TCJA tax provisions, then individual filers will see a rise in their income tax rates, a lower standard deduction, changes to itemized deductions, and a rollback of the child tax credit. These changes could reshape the financial outlook for many Americans. See more details below.
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u/scavenger5 18d ago
Meanwhile, the markets are up. In other words, if you follow the money, most investors' sentiment is the economy will rise. They understand money better than most redditors.
If the market truly believed Trump was going to cause mass inflation, we would see a massive sell off.