[dewilson58]

Originally Posted by Normal

Canada cooked its own goose. Let the Loon crash. With their dollar weaker than ever they won’t be able to afford the US, much less circumvent the new immigration rules.

I like what you did there.

[jbartle1]

Originally Posted by kingofbeer

The companies are not coming back. I suspect that they will use the revenue from tariffs to give to the ultra-rich. It's Robin Hood in reverse, take from the poor and give to the rich.They seem intent on collapsing the markets, HHS, VA, etc.

CHAOS, what a way to run a country!

[Aces4]

Originally Posted by jbartle1

CHAOS, what a way to run a country!

Change the channel, your country is now operating as it should. Be patient for a bit.

[manaboutown]

Originally Posted by dewilson58

Not a significant problem in the USA.

In the United States, a very small percentage of people, likely less than 0.1%, possess a net worth of $5 million or more.

Net Worth by Age: How Do You Compare to Your Peer Group? - Wealthtender

I know seniors in Newport Beach, CA where I lived for many years who are now easily worth more than $5M. In many cases their paid off homes alone are worth more than $5M. If one lives long enough, earns enough and invests wisely, over time net worth increases, eventually dramatically. At age 65 Warren Buffet's net worth was only about 5% of what it is today according what I have read.

At least a few dozen people I know or with whom I am acquainted will have to pay estate taxes based on current rules. Some retired businessmen, physicians and dentists in NM (a very poor state) who were classmates in school where I grew up now face estate tax issues. This is a more common problem than most people realize.

[Stu from NYC]

Originally Posted by jimjamuser

The basic idea of a "GOOD" tax system is that each NEW generation MUST start FRESH and earn their fortunes THEMSELVES with no money or property gifts from their parents. This ensures no LAZY future generations living off their family fortune. But, it is largely theoretical because there are many "workarounds" that the rich can use.

Wow I do not know where to start about critiquing your comment.

[eyc234]

Originally Posted by Aces4

Change the channel, your country is now operating as it should. Be patient for a bit.

So a country is operating as it should when people are losing jobs, paying more for goods across the board, retirement accounts are being destroyed, innocent people are being arrested, people guilty of physically assaulting police officers are pardoned, the financial markets are tanking and the elected government tells you that suffering is good for you.

[Taltarzac725]

Originally Posted by eyc234

So a country is operating as it should when people are losing jobs, paying more for goods across the board, retirement accounts are being destroyed, innocent people are being arrested, people guilty of physically assaulting police officers are pardoned, the financial markets are tanking and the elected government tells you that suffering is good for you.

Maybe if it were in a horror movie or show. Not in reality.

[manaboutown]

Originally Posted by aces4

change the channel, your country is now operating as it should. Be patient for a bit.

Yes!

Shiller index drifted down to 30.74 today.

[Pugchief]

Originally Posted by jimjamuser

The basic idea of a "GOOD" tax system is that each NEW generation MUST start FRESH and earn their fortunes THEMSELVES with no money or property gifts from their parents. This ensures no LAZY future generations living off their family fortune. But, it is largely theoretical because there are many "workarounds" that the rich can use.

Originally Posted by Stu from NYC

Wow I do not know where to start about critiquing your comment.

If there was a person who would tell everyone to drive an EV and an electric golf cart but owned neither himself, would that person then suggest that passing money down to your kids and grandkids is evil if he didn't have any kids or grandkids? Wild speculation, of course.

[Aces4]

Originally Posted by eyc234

So a country is operating as it should when people are losing jobs, paying more for goods across the board, retirement accounts are being destroyed, innocent people are being arrested, people guilty of physically assaulting police officers are pardoned, the financial markets are tanking and the elected government tells you that suffering is good for you.

Exaggeration has been prevalent recently and facts sorely missing. Hang in there and be patient.

[kkingston57]

Originally Posted by rustyp

1987 - not to worry when the market goes down 50% it only needs to go up 100% to break even.

Relax it only took 2 years for the market to recover from the 1987 dip.

Problem is that the 1987 dip was not caused by huge reaction to new tariffs. This is not based on the market or economy. What will happen when and if the tariffs actually go through?

[dewilson58]

Originally Posted by manaboutown

Net Worth by Age: How Do You Compare to Your Peer Group? - Wealthtender

I know seniors in Newport Beach, CA where I lived for many years who are now easily worth more than $5M. In many cases their paid off homes alone are worth more than $5M. If one lives long enough, earns enough and invests wisely, over time net worth increases, eventually dramatically. At age 65 Warren Buffet's net worth was only about 5% of what it is today according what I have read.

At least a few dozen people I know or with whom I am acquainted will have to pay estate taxes based on current rules. Some retired businessmen, physicians and dentists in NM (a very poor state) who were classmates in school where I grew up now face estate tax issues. This is a more common problem than most people realize.

As things stand now, in 2025, you can transfer up to $13.99 million free of taxes during your lifetime and after your death ($27.98 million for married couples).Jan 13, 2025

Almost $30mil for a married couple.........................Not a significant number of people that will be polluting their children and impacting society.

[kkingston57]

Originally Posted by Stu from NYC

Should I get up early to see if it comes true?

Understand lots of countries have contacted us to negotiate.

Like the countries with the penquins.

[manaboutown]

Originally Posted by kkingston57

Like the countries with the penquins.

Penguins are only found in the Southern hemisphere, Antarctica, nearby countries and the Galapagos Islands . To which countries are you referring?

[kkingston57]

Originally Posted by kingofbeer

They moved overseas because it is much cheaper to manufacture overseas. Not because of taxes.

US based and factories elsewhere