Originally Posted by Pugchief (Post 2421928)

If GF had 8 figures in assets, she would be DW instead of GF. Not holding my breath.

For the acronym challenged: GF=girlfriend DW=dear wife

Originally Posted by Pugchief (Post 2421928)

If GF had 8 figures in assets, she would be DW instead of GF. Not holding my breath.

Originally Posted by Stu from NYC (Post 2421943)

SIL = son in law

Originally Posted by fdpaq0580 (Post 2421780)

Amazing how many people never realize that.

Originally Posted by jimjamuser (Post 2421957)

Not having an inheritance tax allows small and large empires to be built.

Originally Posted by jimjamuser (Post 2421957)

Not having an inheritance tax allows small and large empires to be built.

Originally Posted by Whatnext (Post 2421805)

I will believe all the hype when the US companies that moved their businesses abroad for the cheap labor and increased profits, bring their industries back home.
I am of the opinion that the wrong horse is being flogged.

Originally Posted by Normal (Post 2421823)

High corporate taxes forced them abroad, taxes will also force them to return. They are just doing the loop.

Originally Posted by kingofbeer (Post 2421857)

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

Originally Posted by Boomer (Post 2421897)

This is "Not Your Father's Oldsmobile."

That old advertising slogan floated into my mind this morning.

People like to pretend -- or actually have been convinced to think this is normal. It is not. Not even close. This mess is growing arms and legs every day that will reach into every aspect of the economy in negative ways -- if common sense does not prevail. Soon.

Have you read the details about our new vulnerability?

Last week our national cybersecurity was put under greater risk with that impulsive firing. We are now more vulnerable to our enemies who would love a bloodless -- and cheap -- war that would collapse us. Not just our money, as it floats around in cyberspace, but our electricity and water, the grid, all the normal things we take for granted. I never used to think much about our country's cybersecurity. I figured brainiacs somewhere in our government had it under control, no matter who was in office. Now? Oh my, yes. I am worried.

Btw, If you remember that Oldsmobile ad, then you also remember what happened to Oldsmobile.......

Boomer

Originally Posted by eyc234 (Post 2421918)

100% correct. Americans have become addicted to cheap prices with little regard to the quality. Until the US can produce products that compete on price the level of manufacturing in this country will stay virtually unchanged. After the pandemic problems with supply chain, it was touted that mass movements of manufacturing were going to come back to the US. That mass move has not happened, so what know would make manufacturers bring work back to the US?

Originally Posted by Pugchief (Post 2421964)

Why should one's heirs have to pay taxes on money that was already taxed? Pretty sure I'd rather my family get my estate than the tax man. You are free to bequeath your assets to Uncle Sam if that's your inclination, but it's not mine.

Originally Posted by jimjamuser (Post 2421976)

The Government could ENCOURAGE jobs and industry to come back. Industry could use AI and robotics to make the products cheaper than in China.

Originally Posted by Taltarzac725 (Post 2421982)

The crux of the matter is how long would it take to put in place the massive infrastructure, housing, irrigation, drinkable water supply, public transportation and an untold number of other things to get the US to get all the parts needed for the manufacturing of all the stuff that is now blocked by these tariffs. They would also need schools, churches, grocery and other stores as well as restaurants.

Maybe invading Greenland would work but that would take probably decades to get all the roads and such up to basically wreck the beauty of Greenland by extensive and very deep mining. And they would have to counter the very probable terrorist attacks coming from the native Greenlanders.

Originally Posted by Altavia (Post 2421992)

Plenty of wise advise here, not the first time.

Originally Posted by dewilson58 (Post 2421937)

Today's market can not always be measured by old tools............things are different.

:sigh:

Originally Posted by Normal (Post 2421823)

High corporate taxes forced them abroad, taxes will also force them to return. They are just doing the loop.

Originally Posted by eyc234 (Post 2421918)

100% correct. Americans have become addicted to cheap prices with little regard to the quality. Until the US can produce products that compete on price the level of manufacturing in this country will stay virtually unchanged. After the pandemic problems with supply chain, it was touted that mass movements of manufacturing were going to come back to the US. That mass move has not happened, so what know would make manufacturers bring work back to the US?

Originally Posted by Pugchief (Post 2421964)

Why should one's heirs have to pay taxes on money that was already taxed? Pretty sure I'd rather my family get my estate than the tax man. You are free to bequeath your assets to Uncle Sam if that's your inclination, but it's not mine.

Originally Posted by jimjamuser (Post 2421965)

That moving abroad thing was to avoid labor unions and took 30 or more years to finish. It can NOT be reversed in 3.5 years. So something else must be the motivation.

Originally Posted by jimjamuser (Post 2421981)

To answer your 1st question.........to prevent Democracy leading to Dictatorship. That's what the tax system is supposed to do - prevent one generation passing wealth down to the next generation. Historically, that is the reason that people sailed to the Americas from Europe. You get Kings when wealth passes from one generation to another. Strangely enough, if you LOVE freedom.......you want inheritance taxes because it keeps a country free AND the American ideal is that each generation MUST earn its own wealth....not be spoon-fed by their parents.

Originally Posted by MorTech (Post 2422004)

I think they left due to the political terrorism of the regulatory state more so than tax rate. With the Chevron Deference overturned they have incentive to come back despite tax theft. The tariffs are additional incentive. Business tax should be 0% since it is just an additional tax on income of productive individuals. We get taxed twice and most people can't figure that one out.

Originally Posted by Michael G. (Post 2421762)

We all came into this world with nothing, and it looks like we'll all go out the same way.

Originally Posted by Taltarzac725 (Post 2421982)

The crux of the matter is how long would it take to put in place the massive infrastructure-- housing, irrigation, drinkable water supply, public transportation and an untold number of other things to get the US to get all the parts needed for the manufacturing of all the stuff that is now blocked by these tariffs. They would also need schools, churches, grocery and other stores as well as restaurants.

Maybe invading Greenland would work but that would take probably decades to get all the roads and such up to basically wreck the beauty of Greenland by extensive and very deep mining. And they would have to counter the very probable terrorist attacks coming from the native Greenlanders.

Originally Posted by manaboutown (Post 2422026)

All is well. Be happy!

Originally Posted by fdpaq0580 (Post 2422033)

Actually, all is not well. But I will still be happy. 😉🙂

Originally Posted by Normal (Post 2421738)

Hold on to your tutus, Black Monday has been forecasted.
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Futures Sunday evening are down 1700 points in a few short hours. Forecasts are at 22% on reduction of stock values.