2024 Presidential Election

[ShockerPrez]

Hyperbole?

I'm confused. That's likely your fault.

I asked you a simple question. Are you not courageous enough to formulate your OWN opinion devoid of any propagandistic programming? I assure you that there are no wrong answers as long as they are honest attempts.

The simpler/shorter the better. Example:

1) Middle-class children need to be beat more.

2) Transfer long-term incarcerated felons to middle-class families to be used as domestic slaves.

3) Enact a kind of mandatory compensation diversification scheme that funnels a portion of comp to buying equity w/ penalty-free access for certain major life expenditures (medical, educational, retirement).

The third one was something similar to what I have floated. Although I do really like #1.

https://observer.com/2024/10/families-concerned-looming-generational-wealth-transfer/

Ultra-Rich Families Are Nervous About the $84 Trillion Generational Wealth Transfer

More than half of ultra-wealthy families are concerned about ceding control to an unqualified next generation, a survey found.

How about you tell me if you have the courage to say whether you are in favor of taxing unrealized capital gains or not, and I'll tell you how to deal with the wealth gap in this country.

A yes = you want the government to tax unrealized gains.

No= you don't want the government to tax unrealized gains.

After all, you originally quoted me on the issue.

[asiseeit]

I believe the wealth gap under Trump lessened while under Biden it grew

[ShockerPrez]

I see what happened here. You missed a touch of 3rd grade nuance in my response. Maybe you were triggered, which is understandable. I like uncomfortable conversations.

Example A relates to Status X.

Example A is an attempt to solve Status X.

I just asked if you had an Example B and if you would like to share it. If the answer is no, or **** off. I'm okay with that too. I don't get triggered easily. :)

I see what happened here. You were triggered by how dumb you look supporting a candidate as economically stupid as Kamala is based on her stupid idea.

As for the wealth gap, I would abolish the dept of education and start putting out smarter kids who can become more productive and innovative.

Wealthy people invest their money all the time. But they aren't stupid with it. Make a generation that is better suited to garner that investment and they will prosper.

[C0|dB|00ded]

I see what happened here. You were triggered by how dumb you look supporting a candidate as economically stupid as Kamala is based on her stupid idea.

As for the wealth gap, I would abolish the dept of education and start putting out smarter kids who can become more productive and innovative.

Okay, let me see if I can follow this. Your solution (no wrong answers) in solving the wealth gap issue is to abolish the Dept. of Education?

As to the second part: "start putting out smarter kids" is a big assumption at best, and circular reasoning at worst.

Make a generation that is better suited to garner that investment and they will prosper

Again, more magical wand thinking. How do you "make a generation more suited to garner(?) that investment"?




ShockerPrez -- Wealth gap solution: "abolish the Dept. of Education".

Got it!

Anybody else wanna take a stab at it?

[C0|dB|00ded]

I believe the wealth gap under Trump lessened while under Biden it grew

Google will show you some competing opinions to yours.

[pinstripers]

I'm confused.

no sh!t

[ShockerPrez]

Okay, let me see if I can follow this. Your solution (no wrong answers) in solving the wealth gap issue is to abolish the Dept. of Education?

As to the second part: "start putting out smarter kids" is a big assumption at best, and circular reasoning at worst.



Again, more magical wand thinking. How do you "make a generation more suited to garner(?) that investment"?




ShockerPrez -- Wealth gap solution: "abolish the Dept. of Education".

Got it!

Anybody else wanna take a stab at it?

Now you're turn....

Do you agree with taxing unrealized gains?

Or do you agree Kamala is an economic dunce?

[C0|dB|00ded]

How about you tell me if you have the courage to say whether you are in favor of taxing unrealized capital gains or not, and I'll tell you how to deal with the wealth gap in this country.

A yes = you want the government to tax unrealized gains.

No= you don't want the government to tax unrealized gains.

After all, you originally quoted me on the issue.

I think increasing the taxes on the uber-rich is a starting point to a discussion about the problem. But what SPECIFICALLY would those taxed funds go to support to help alleviate the problem? It can't just be dumped into a general fund and lost to someone's bullshit pet project.

Perhaps free college tuition for a family of 4 making less than $150k per year? That would allow the parents who save for their children's tuition to allocate those funds to their retirement. That could definitely help.

Again, folks like Gates and Buffet have been "begging" for a tax increase for years. Let's call it the Buffet/Gates tax. ;)



As far as specifically addressing the issue of unrealized capital gains taxation again, which I already kind of addressed: If we're talking about a 33 yr. old multi-billionaire who's been buying yachts off the dividends of daddy's billions with absolutely no plans for a capital gains realization in his/her lifetime... why not. It won't change their lifestyle one bit. And their "donation" might send a couple thousand middle-class family's children to college.

Maybe not the best idea, but certainly one of the more expedient... albeit punitive.

[C0|dB|00ded]

Or do you agree Kamala is an economic dunce?

Regarding Kamala's duncedom, or not: you know she isn't coming up with these ideas on her own. Just like every presidential hopeful before her, everything she says and does is filtered through test groups.

Do you really think Trump is anti-abortion? L M F B O!

[pinstripers]

Taiwan just held their election. They require photo ID and use paper ballots. They hand-count the votes of each station one by one, in public view. There are no mail ballots. It’s all done in 6 hours.

[pinstripers]

Frank Luntz @FrankLuntz

“If Harris loses, it’ll be because the campaign and the candidate represent a party that is now fundamentally alien to many working people.”

Yet another poll finds that Kamala is spending too much time attacking Trump and not explaining her own policies.

[Ta Town Shocker]

A yes = you want the government to tax unrealized gains.

I'll take a stab at a scenario where it may make sense. Let's say you're an heir of JP Morgan and had 100 million in your name at birth because of this and you're now 20 years old. 100 million is the threshold we're discussing. You never knew JP as it's been a few generations since his heyday. You watched Mad Money in 2017 and listened to Cramer constantly say NVDA buy, buy, buy. You throw 5 million in NVDA and now it's worth 100 million. You're 27 and don't need the money, absolutely hate the thought of paying taxes and have no plans of ever selling. Likely the amount will continue to double every 5-7 years. I think it's reasonable for the government to say it's okay to keep holding but you're going to have to pay taxes on 25 mil.

[pinstripers]

I'll take a stab at a scenario where it may make sense. Let's say you're an heir of JP Morgan and had 100 million in your name at birth because of this and you're now 20 years old. 100 million is the threshold we're discussing. You never knew JP as it's been a few generations since his heyday. You watched Mad Money in 2017 and listened to Cramer constantly say NVDA buy, buy, buy. You throw 5 million in NVDA and now it's worth 100 million. You're 27 and don't need the money, absolutely hate the thought of paying taxes and have no plans of ever selling. Likely the amount will continue to double every 5-7 years. I think it's reasonable for the government to say it's okay to keep holding but you're going to have to pay taxes on 25 mil.

doesn't make sense

[Kung Wu]

I'll take a stab at a scenario where it may make sense. Let's say you're an heir of JP Morgan and had 100 million in your name at birth because of this and you're now 20 years old. 100 million is the threshold we're discussing. You never knew JP as it's been a few generations since his heyday. You watched Mad Money in 2017 and listened to Cramer constantly say NVDA buy, buy, buy. You throw 5 million in NVDA and now it's worth 100 million. You're 27 and don't need the money, absolutely hate the thought of paying taxes and have no plans of ever selling. Likely the amount will continue to double every 5-7 years. I think it's reasonable for the government to say it's okay to keep holding but you're going to have to pay taxes on 25 mil.

Why would a person with $100M invest in anything in the United States if they are going to get it taxed into oblivion year after year until they are right back to $100M, regardless of how well they do? No investor will invest a single cent if it's all risk and zero reward.

[C0|dB|00ded]

I'll take a stab at a scenario where it may make sense. Let's say you're an heir of JP Morgan and had 100 million in your name at birth because of this and you're now 20 years old. 100 million is the threshold we're discussing. You never knew JP as it's been a few generations since his heyday. You watched Mad Money in 2017 and listened to Cramer constantly say NVDA buy, buy, buy. You throw 5 million in NVDA and now it's worth 100 million. You're 27 and don't need the money, absolutely hate the thought of paying taxes and have no plans of ever selling. Likely the amount will continue to double every 5-7 years. I think it's reasonable for the government to say it's okay to keep holding but you're going to have to pay taxes on 25 mil.

Some kind of a graduated, time-based release of the taxes due isn't crazy. It could also be good for the markets by adding liquidity (and a bit of volatility) when these huge stacks of dusty certificates get cashed in.

People need to understand that the American stock market is the FINEST place to put your money in the world. It's like guaranteed riches if you'll only participate.

Don't forget about all the foreign dollars in the markets. That's like free taxes.