SERVING THE QUANTITATIVE FINANCE COMMUNITY

 
User avatar
bearish
Posts: 5165
Joined: February 3rd, 2011, 2:19 pm

Re: Trump -- the last 100 days

November 18th, 2019, 7:03 pm

Well, having been reasonably fully invested for the Obama rally I took some money off the table the day after the election. I added a little back in the day after Christmas last year, but am still in a fairly conservative spot. As for taxes, Trump runs a trillion dollar deficit in the tenth year of an expansion. You can hardly get less fiscally responsible than that. The comparison to Clinton’s track record in the 90’s would be stunning, if we weren’t already stunned. A modest wealth tax that captures assets shielded by foundations and trusts would be a good thing. Increased corporate taxes the same (FedEx doesn’t really need a negative effective tax rate). Taxing financial transactions is a lot trickier, and probably less wise.
 
User avatar
ISayMoo
Posts: 2206
Joined: September 30th, 2015, 8:30 pm

Re: Trump -- the last 100 days

November 19th, 2019, 11:14 am

Raise the Capital Gains tax, at least on the profits from the sale of shares of companies the taxpayer is an executive officer for. Would close the share buyback loophole.
 
User avatar
Paul
Posts: 9760
Joined: July 20th, 2001, 3:28 pm

Re: Trump -- the last 100 days

November 19th, 2019, 4:25 pm

Well, having been reasonably fully invested for the Obama rally I took some money off the table the day after the election. I added a little back in the day after Christmas last year, but am still in a fairly conservative spot. As for taxes, Trump runs a trillion dollar deficit in the tenth year of an expansion. You can hardly get less fiscally responsible than that. The comparison to Clinton’s track record in the 90’s would be stunning, if we weren’t already stunned. A modest wealth tax that captures assets shielded by foundations and trusts would be a good thing. Increased corporate taxes the same (FedEx doesn’t really need a negative effective tax rate). Taxing financial transactions is a lot trickier, and probably less wise.
A 'modest' wealth tax! Who defines modest? Somebody probably once said something about new taxes being a Pandora's box. They all start out with the intention of being modest. 
 
User avatar
FaridMoussaoui
Posts: 456
Joined: June 20th, 2008, 10:05 am
Location: Genève, Genf, Ginevra, Geneva

Re: Trump -- the last 100 days

November 19th, 2019, 6:39 pm

If you've been out of the stock market since, let's say, Trump was elected, I can see why you're so grumpy. 

I think the stock market would take a hit if Trump were removed from office. But what would really rattle it would be various Warren and/or Sanders tax proposals getting serious consideration: weath tax, financial transaction tax, increased corp taxes, etc., etc. Speaking of etc's, the 40% 'exit tax' is another amusing one.
Last year, 60 Fortune 500 (US) companies avoided paying all (US) federal income tax in 2018 under Trump law (among them Amazon with more than $11B profit).
 
User avatar
Paul
Posts: 9760
Joined: July 20th, 2001, 3:28 pm

Re: Trump -- the last 100 days

November 19th, 2019, 7:19 pm

Raise the Capital Gains tax, at least on the profits from the sale of shares of companies the taxpayer is an executive officer for. Would close the share buyback loophole.
But not CGT on private businesses, I hope! 

I once tried to explain to the BBC's Paul Lewis (Moneybox?) that CGT was a big disincentive to people who want to set up businesses. He thought it should be the same as income tax. But he's BBC and I think he lives in a yurt and eats bamboo so you can be pretty certain he was wrong. 
 
User avatar
ISayMoo
Posts: 2206
Joined: September 30th, 2015, 8:30 pm

Re: Trump -- the last 100 days

November 19th, 2019, 9:58 pm

On actually trading business, no.

On limited companies set up to "invest" in rental property, I think it should be higher.
 
User avatar
Alan
Topic Author
Posts: 9867
Joined: December 19th, 2001, 4:01 am
Location: California
Contact:

Re: Trump -- the last 100 days

November 21st, 2019, 3:19 pm

 
User avatar
bearish
Posts: 5165
Joined: February 3rd, 2011, 2:19 pm

Re: Trump -- the last 100 days

November 21st, 2019, 4:11 pm

🤮
 
User avatar
Cuchulainn
Posts: 60501
Joined: July 16th, 2004, 7:38 am
Location: Amsterdam
Contact:

Re: Trump -- the last 100 days

November 22nd, 2019, 1:06 pm

"Trump is lying about the ‘new’ ‘Apple’ factory"

https://www.theverge.com/2019/11/20/209 ... le-factory
http://www.datasimfinancial.com
http://www.datasim.nl

Approach your problem from the right end and begin with the answers. Then one day, perhaps you will find the final question..
R. van Gulik
 
User avatar
bearish
Posts: 5165
Joined: February 3rd, 2011, 2:19 pm

Re: Trump -- the last 100 days

November 22nd, 2019, 1:36 pm

"Trump is lying about the ‘new’ ‘Apple’ factory"

https://www.theverge.com/2019/11/20/209 ... le-factory
Show me a headline that claims Trump spoke the truth about something and I’ll show you fake news.
 
User avatar
bearish
Posts: 5165
Joined: February 3rd, 2011, 2:19 pm

Re: Trump -- the last 100 days

November 23rd, 2019, 2:43 am

Trump is just a felon surrounded by a bunch of other felons. We can hope that he will be hung for his transgressions, but that's probably a bit too much wishful thinking. But, could we at least have him share a cell with somebody nicknamed "bull"? And maybe have the same prison guards look after them as did (or did not, as it may be) Mr Epstein? 
 
User avatar
Paul
Posts: 9760
Joined: July 20th, 2001, 3:28 pm

Re: Trump -- the last 100 days

November 23rd, 2019, 4:14 am

Hanged.
 
User avatar
bearish
Posts: 5165
Joined: February 3rd, 2011, 2:19 pm

Re: Trump -- the last 100 days

November 23rd, 2019, 12:40 pm

I stand corrected. I must have been thinking of bull.
 
User avatar
bearish
Posts: 5165
Joined: February 3rd, 2011, 2:19 pm

Re: Trump -- the last 100 days

November 24th, 2019, 4:59 pm

It will be interesting to see whether Mike Bloomberg gets any traction with his late bid for the nomination. Superficially, not somebody I would think would go over well in the middle of the country, but things stopped making sense a long time ago. 
 
User avatar
ISayMoo
Posts: 2206
Joined: September 30th, 2015, 8:30 pm

Re: Trump -- the last 100 days

November 24th, 2019, 9:46 pm

Another election, another rich man buying a ticket to the White House.
ABOUT WILMOTT

PW by JB

Wilmott.com has been "Serving the Quantitative Finance Community" since 2001. Continued...


Twitter LinkedIn Instagram

JOBS BOARD

JOBS BOARD

Looking for a quant job, risk, algo trading,...? Browse jobs here...


GZIP: On