[kingofbeer]

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?

TV'S produced today overseas are high quality, appliances are good too.

[kingofbeer]

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.

Unrealized capital gains inherited by heirs have not been taxed yet.

[kingofbeer]

Originally Posted by jimjamuser

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.

They moved overseas because it was more profitable for the companies. Labor unions are still very active in the US.

[kingofbeer]

Originally Posted by jimjamuser

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.

Taxes are to keep the government running. You are referring to an inheritance tax. The first $13,990,000 of an estate is exempt from federal estate taxes. So you probably don't have to worry about that.

[kingofbeer]

Originally Posted by MorTech

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.

Many large corporations pay zero income tax.

[buzzy]

Originally Posted by Michael G.

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

I just don't want to be down to nothing way before I go out.

[Taltarzac725]

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.

You would also need hospitals, cemeteries or some such place for remembrances, prisons, police and fire stations, etc.

[manaboutown]

All is well. Be happy!

[fdpaq0580]

Originally Posted by manaboutown

All is well. Be happy!

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

[Taltarzac725]

Originally Posted by fdpaq0580

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

It is kind of a situation that is FUBAR.

[J1ceasar]

According to every single expert that I know and our age you're only supposed to have 20 to 30% of your assets in the market according to the 100-year rule which means deduct your age from 100 and that's the amount of percentage you should have risking in the market.
Besides if you live in The villages you're all supposed to be rich

It's a great time to be buying if you want to stock average your price.
Thankfully I only invest in gold-plated tchotchkes

[J1ceasar]

Because it's supposed to stop wealth from accumulating unendingly and to distribute some of the assets from the rich to the poor. England has had this problem for centuries when money goes to the family but they keep dying off and it gets taxed and taxed and taxed. It's a very common plot in English movies and books

[J1ceasar]

Unfortunately in America everyone has decided they want to earn enough to be upper middle class even though they're doing a job anyone can actually do and I'm not insulting those people

[rsmurano]

Fear mongering at its finest. So what if the market goes down! It’s a buying opportunity for some of us.

How did you do during the 2020 covid downturn? Panicked? Shouldn’t have, we all knew that it was going to be a “v” shaped down and up and in a little over a few months, not a few years. The saying goes: “even a 9 year old knew this” and it was true.

If anybody is panicking because of this kind of downturn, you shouldn’t be in the market. This is when you can make good money. Your portfolio should be setup so you don’t have to sell 1 share to live on during these downturns.

Many many people will make millions over this. I got out late last year and I’m glad I did. I’ve been trickling putting money back in but still waiting for the true “pivot” point on when to be fully vested.

[Cindy Conwell]

Regarding "wrong horse being flogged." Manufacturing left the US for lower costs. We all have to agree on paying more to get it back. How much worse are we willing to take, to bring back decent paying jobs? I don't think we're willing to go that low...