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Talk of The Villages Florida (https://www.talkofthevillages.com/forums/)
-   Investment Talk (https://www.talkofthevillages.com/forums/investment-talk-158/)
-   -   Black Monday on its Way (https://www.talkofthevillages.com/forums/investment-talk-158/black-monday-its-way-357847/)

dewilson58 04-08-2025 01:37 PM
Quote:
Originally Posted by Normal (Post 2422261)
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 04-08-2025 01:39 PM
Quote:
Originally Posted by kingofbeer (Post 2421859)
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 04-08-2025 01:42 PM
Quote:
Originally Posted by jbartle1 (Post 2422265)
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 04-08-2025 01:59 PM
Quote:
Originally Posted by dewilson58 (Post 2422262)
:1rotfl::1rotfl:

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 04-08-2025 02:40 PM
Quote:
Originally Posted by jimjamuser (Post 2422258)
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 04-08-2025 02:53 PM
Quote:
Originally Posted by Aces4 (Post 2422266)
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 04-08-2025 02:57 PM
Quote:
Originally Posted by eyc234 (Post 2422294)
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 04-08-2025 03:04 PM
Quote:
Originally Posted by aces4 (Post 2422266)
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 04-08-2025 03:23 PM
Quote:
Originally Posted by jimjamuser (Post 2422258)
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.
Quote:
Originally Posted by Stu from NYC (Post 2422291)
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 04-08-2025 03:49 PM
Quote:
Originally Posted by eyc234 (Post 2422294)
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. :coolsmiley:

kkingston57 04-08-2025 04:32 PM
Quote:
Originally Posted by rustyp (Post 2421739)
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 04-08-2025 04:32 PM
Quote:
Originally Posted by manaboutown (Post 2422274)
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 04-08-2025 04:33 PM
Quote:
Originally Posted by Stu from NYC (Post 2421740)
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 04-08-2025 04:36 PM
Quote:
Originally Posted by kkingston57 (Post 2422325)
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 04-08-2025 04:36 PM
Quote:
Originally Posted by kingofbeer (Post 2421857)
They moved overseas because it is much cheaper to manufacture overseas. Not because of taxes.
US based and factories elsewhere


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