[Pugchief]

Originally Posted by jimjamuser

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

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.

[jimjamuser]

Originally Posted by Whatnext

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.

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.

[jimjamuser]

Originally Posted by Normal

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

Actually, they went abroad to avoid labor unions and safety rules for workers.

[jimjamuser]

Originally Posted by kingofbeer

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

They moved overseas for greed, less regulations. The last thing they worried about was what was RIGHT for the American people. And WHY did the Federal Government not stop them?

[MrFlorida]

Well it's Monday, where is the big crash ? More media hype than anything else.

[jimjamuser]

Originally Posted by Boomer

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

I especially agree with the 1st part - that this mess will continue to tear apart the economy. Then like "Humpty Dumpty" it will take a long time to put it back together.......if ever.

[jimjamuser]

Originally Posted by eyc234

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?

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

[jimjamuser]

Originally Posted by Pugchief

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.

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.

[Taltarzac725]

Originally Posted by jimjamuser

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

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.

[manaboutown]

Happy Monday! All went well. I nibbled a little, not much, and am ready for more when the price is right. Shiller Index is now at 31.25 so it is too early to jump in with both feet, or even one, but putting a toe in felt OK.

What I find amusing is that after the reciprocal tariffs were introduced and Mr Market went a little nuts my brokers started sending out mass emails meant to soothe their customers. Handholding during volatility.

[Altavia]

Plenty of wise advise here, not the first time.

[Normal]

Originally Posted by Taltarzac725

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.

There isn’t a whole lot of beauty in Greenland. There is plenty of ice and are miles of stubby frozen trees though. I guess some of the rocks are nice? Summer is kind of warm, it can get up to 50 on some days.

[Caymus]

Originally Posted by Altavia

Plenty of wise advise here, not the first time.

And some of it may even be correct:

[MorTech]

Originally Posted by dewilson58

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

Yes...15 PE is historically overvalued but adjusted higher now for USA being the dominate capital market...By far.

[MorTech]

Originally Posted by Normal

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

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.