USA PRESIDENTIAL ELECTIONS 2020: Michael Moore says Trump on course to win !

[aesma]

Capital gains tax in my country used to be the same as income tax, with a cherry on top, so about 60%. 23,8% is nothing in comparison. It has now been lowered to 30% and most concerned people find it's a good compromise (hardcore leftists are unhappy of course). For small investors (most people) as long as you use a special account the tax is 0%, the account can be filled up to 150000€ and you need to wait 8 years before getting money out to have the 0% tax.

15% in the US for multi millionaires and billionaires is clearly too low, even they are starting to say it out loud. They're basically hoarding all the cash the state is printing, with zero benefit to the economy or the common people.

[1714991157]

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[bryant.coleman]

Capital gains tax in my country used to be the same as income tax, with a cherry on top, so about 60%. 23,8% is nothing in comparison. It has now been lowered to 30% and most concerned people find it's a good compromise (hardcore leftists are unhappy of course). For small investors (most people) as long as you use a special account the tax is 0%, the account can be filled up to 150000€ and you need to wait 8 years before getting money out to have the 0% tax.

15% in the US for multi millionaires and billionaires is clearly too low, even they are starting to say it out loud. They're basically hoarding all the cash the state is printing, with zero benefit to the economy or the common people.

If there is 60% tax on capital gains, then who is going to invest in stocks and real estate? For the rich, nowadays it is very easy to purchase passports from smaller nations such as Dominica and Antigua. This allows them to invest in stock markets outside their nation with relative ease. Only the middle-class will get affected by this sky-high tax rate.

Just to give an example, the capital gains tax in India is 10%. And the Indian stock markets have performed at the same level, or even better when compared to the stock markets in US or the UK in recent times. So what prevents the rich from moving their assets form the US/UK to countries such as India?

[TwitchySeal]

So what prevents the rich from moving their assets form the US/UK to countries such as India?

US citizens still have to pay taxes on investments in other countries. I assume it's the same for the UK.

[aesma]

Capital gains tax in my country used to be the same as income tax, with a cherry on top, so about 60%. 23,8% is nothing in comparison. It has now been lowered to 30% and most concerned people find it's a good compromise (hardcore leftists are unhappy of course). For small investors (most people) as long as you use a special account the tax is 0%, the account can be filled up to 150000€ and you need to wait 8 years before getting money out to have the 0% tax.

15% in the US for multi millionaires and billionaires is clearly too low, even they are starting to say it out loud. They're basically hoarding all the cash the state is printing, with zero benefit to the economy or the common people.

If there is 60% tax on capital gains, then who is going to invest in stocks and real estate? For the rich, nowadays it is very easy to purchase passports from smaller nations such as Dominica and Antigua. This allows them to invest in stock markets outside their nation with relative ease. Only the middle-class will get affected by this sky-high tax rate.

Just to give an example, the capital gains tax in India is 10%. And the Indian stock markets have performed at the same level, or even better when compared to the stock markets in US or the UK in recent times. So what prevents the rich from moving their assets form the US/UK to countries such as India?

It could be 30% as I said, it seems fair to me. Some people have too much money to invest, so they will invest, no matter what. In part because of all the money printing going on, that isn't going in the hands of the people needing it the most.

Investing in India is scary. If some money is diverted there, it's not a problem, but I wouldn't be surprised to learn that more money is invested from India to the US than the reverse.

[JollyGood]

How did you conclude he has an 80% chance of re-election? Did you get that information online? I ask because every single poll from any  reputable source is showing Trump will lose the election.

Many people believe that Trump is will not win the election, but if you look a the scene he has the balls on his hands to play, he is a very smart man and a hardcore businessman that will do almost everything to success. I see him with 80% chances of winning again. History repeats itself.

[squatz1]

How did you conclude he has an 80% chance of re-election? Did you get that information online? I ask because every single poll froma  reputable source is showing Trump will lose the election.

Many people believe that Trump is will not win the election, but if you look a the scene he has the balls on his hands to play, he is a very smart man and a hardcore businessman that will do almost everything to success. I see him with 80% chances of winning again. History repeats itself.

Yeah that prediction is literally straight out of his ass. I understand that MANY people are saying 'well the polls were wrong for Brexit, and the polls were wrong in 2016, so the polls still don't matter' - I personally just don't think that line of thinking is going to be true.

You'd think that pollsters would be more cautious and learn from their mistakes in 2016 to ensure that it won't happen again. Cause if they failed AGAIN then we'd never even look at a poll as meaning anything. Plus, this isn't like one poll saying that Trump is going to lose -- it's tons of polls in aggregate. Also they're not just national polls, they're state polls from states that Trump needs to win to win the EC.

I'll agree with you in saying that Trump may be able to pull this around, though I wouldn't just randomly spit out numbers and say that is the chance that Trump wins without any backing.

[JollyGood]

Here is the one really got me thinking, a Fox News poll puts Biden way ahead of Trump 53% to 42%, even Fox News think unless something drastic changes that moves momentum towards Trump and the GOP, it will be Biden and Harris that will walk in to the White House: https://www.foxbusiness.com/politics/biden-trump-poll-lead-wall-street-journal

Why that user would claim an 80% chance of Trump getting re-elected is way beyond me. I agree that pollsters were wrong about Trump/Clinton in 2016 as well as Brexit and so on but this one the way things are going will be a big surprise if Trump gets re-elected. Biden and the Democrats are not doing anything special to pull voters to him, it is Trump that is doing damage to his own campaign by pushing voters way from him and the Republicans.

How did you conclude he has an 80% chance of re-election? Did you get that information online? I ask because every single poll froma  reputable source is showing Trump will lose the election.

Many people believe that Trump is will not win the election, but if you look a the scene he has the balls on his hands to play, he is a very smart man and a hardcore businessman that will do almost everything to success. I see him with 80% chances of winning again. History repeats itself.

Yeah that prediction is literally straight out of his ass. I understand that MANY people are saying 'well the polls were wrong for Brexit, and the polls were wrong in 2016, so the polls still don't matter' - I personally just don't think that line of thinking is going to be true.

You'd think that pollsters would be more cautious and learn from their mistakes in 2016 to ensure that it won't happen again. Cause if they failed AGAIN then we'd never even look at a poll as meaning anything. Plus, this isn't like one poll saying that Trump is going to lose -- it's tons of polls in aggregate. Also they're not just national polls, they're state polls from states that Trump needs to win to win the EC.

I'll agree with you in saying that Trump may be able to pull this around, though I wouldn't just randomly spit out numbers and say that is the chance that Trump wins without any backing.

[DaveF]

I think a lot comes back to the saying "it's the economy stupid" I'll add it's also about the money. There were another 900k +/- people filing for unemployment this week. A lot of people are seeing their jobs leaving and not coming back.

The people who were doing well, had $$$ in the bank and a secure job and skills to get another one are fine. But, there are a lot of people who are seeing their unemployment run out, having to worry about how they are going to pay for food and other things and accurately or not blaming the current administration.

I also said it a while back, with the changes to the SALT deduction there were a lot of people, outside of what people considered the "blue cities" with high taxes that took a big hit.

I have a good friend who has been a 100% Republican line voter over since 1988 voted 100% democratic in 2018 and is going to do it again in 2020. The entire community where he lives in a solid red state is now blue and that says something. Why? because it's all large private land owners. Even at dirt cheap property tax rates, due to the large plots of land they all own it was still a big number they they could write off. Now they can't and it hurt. $5 an acre for unimproved land in taxes is nothing. Until every plot is miles and miles on each side. The surrounding area also used to be red was purple in 2018, going to be interesting to see how 2020 turns out there.

Just my view.

-Dave

[squatz1]

I think a lot comes back to the saying "it's the economy stupid" I'll add it's also about the money. There were another 900k +/- people filing for unemployment this week. A lot of people are seeing their jobs leaving and not coming back.

The people who were doing well, had $$$ in the bank and a secure job and skills to get another one are fine. But, there are a lot of people who are seeing their unemployment run out, having to worry about how they are going to pay for food and other things and accurately or not blaming the current administration.

I also said it a while back, with the changes to the SALT deduction there were a lot of people, outside of what people considered the "blue cities" with high taxes that took a big hit.

I have a good friend who has been a 100% Republican line voter over since 1988 voted 100% democratic in 2018 and is going to do it again in 2020. The entire community where he lives in a solid red state is now blue and that says something. Why? because it's all large private land owners. Even at dirt cheap property tax rates, due to the large plots of land they all own it was still a big number they they could write off. Now they can't and it hurt. $5 an acre for unimproved land in taxes is nothing. Until every plot is miles and miles on each side. The surrounding area also used to be red was purple in 2018, going to be interesting to see how 2020 turns out there.

Just my view.

-Dave

Whoa, this is a real well thought out post here that I'd have to say I agree with.

I think the Republican party (not republican voters) has been fixated on the stock market which is not something that everyday people care about. Continuing to talk about how the market is reaching new highs is not something that people who lost their jobs in Pennsylvania, West Virgina, Michigan, etc. Stock prices going up doesn't change the fact that coal jobs are most likely gone, manufacturing too (esp auto), etc.

That doesn't even take into account Corona, which has killed so many peoples lives while the stock market is doing just fine.

But yes. It's the economy stupid. AND THE REAL ECONOMY, not the stock market.

[longlivecapitalism]

How did you conclude he has an 80% chance of re-election? Did you get that information online? I ask because every single poll froma  reputable source is showing Trump will lose the election.

Many people believe that Trump is will not win the election, but if you look a the scene he has the balls on his hands to play, he is a very smart man and a hardcore businessman that will do almost everything to success. I see him with 80% chances of winning again. History repeats itself.

Yeah that prediction is literally straight out of his ass. I understand that MANY people are saying 'well the polls were wrong for Brexit, and the polls were wrong in 2016, so the polls still don't matter' - I personally just don't think that line of thinking is going to be true.

You'd think that pollsters would be more cautious and learn from their mistakes in 2016 to ensure that it won't happen again. Cause if they failed AGAIN then we'd never even look at a poll as meaning anything. Plus, this isn't like one poll saying that Trump is going to lose -- it's tons of polls in aggregate. Also they're not just national polls, they're state polls from states that Trump needs to win to win the EC.

I'll agree with you in saying that Trump may be able to pull this around, though I wouldn't just randomly spit out numbers and say that is the chance that Trump wins without any backing.

Polls have limited accuracy, they predict people's intention to vote but they predict it at the moment the question is posed. Not only that, but also based on the outcome of a poll, people's intetion to vote changes, therefore, polls may affect the outcome of the elections. Right now, Trump is losing badly in the polls so what will the Trump supporters do? They will make sure they won't miss out on voting, and some of the Democrats may relax and consider to skip voting, especially if they plan on doing it in the last minute and come across some long lines.

[DaveF]

Whoa, this is a real well thought out post here that I'd have to say I agree with.

I think the Republican party (not republican voters) has been fixated on the stock market which is not something that everyday people care about. Continuing to talk about how the market is reaching new highs is not something that people who lost their jobs in Pennsylvania, West Virgina, Michigan, etc. Stock prices going up doesn't change the fact that coal jobs are most likely gone, manufacturing too (esp auto), etc.

That doesn't even take into account Corona, which has killed so many peoples lives while the stock market is doing just fine.

But yes. It's the economy stupid. AND THE REAL ECONOMY, not the stock market.

At last someone else on the internet who gets it.

The stock market it not the economy.
Crap low paying jobs are not the same as skilled jobs / trade jobs.

And my favorite. Ignoring change and advancement because you don't like it does not mean that it's going away.

-Dave

[squatz1]

Whoa, this is a real well thought out post here that I'd have to say I agree with.

I think the Republican party (not republican voters) has been fixated on the stock market which is not something that everyday people care about. Continuing to talk about how the market is reaching new highs is not something that people who lost their jobs in Pennsylvania, West Virgina, Michigan, etc. Stock prices going up doesn't change the fact that coal jobs are most likely gone, manufacturing too (esp auto), etc.

That doesn't even take into account Corona, which has killed so many peoples lives while the stock market is doing just fine.

But yes. It's the economy stupid. AND THE REAL ECONOMY, not the stock market.

At last someone else on the internet who gets it.

The stock market it not the economy.
Crap low paying jobs are not the same as skilled jobs / trade jobs.

And my favorite. Ignoring change and advancement because you don't like it does not mean that it's going away.

-Dave

Just as something to know, this is not me saying that I'm a major democrat or something. I'd say that I agree with the Republicans on tax policy and such, probably lean more on the libertarian side of things for some policies as well.

But yes, I would totally agree with what I said before about the economy. Regular peoples incomes and jobs are not indicated well on the stock market for obvious reasons. Republicans have to start caring about small businesses in America and advocating for pro small business policies. Kinda disgusting that I have to listen to Joe Biden to hear him say things about small businesses and such.

But.... sigh... here we are.

[bryant.coleman]

It could be 30% as I said, it seems fair to me. Some people have too much money to invest, so they will invest, no matter what. In part because of all the money printing going on, that isn't going in the hands of the people needing it the most.

Investing in India is scary. If some money is diverted there, it's not a problem, but I wouldn't be surprised to learn that more money is invested from India to the US than the reverse.

30% would be fair (after taking into account the inflation), only if applied to large-sized gains (such as above $250,000 per year or so). I don't think that this rate should be applied to investments being made by the middle-class households.

India was just an example. There are safer options out there. For example, in Canada only half of the realized capital gains are taxable. I believe in Australia also it is the same. In some of the European countries, the rate is much lower. For example, Croatia (12%), Hungary (15%) and Israel (15%).

[JollyGood]

In any functioning democracy there will be people that have the same mindset as yours and that is great. You happen to agree with some Republican policies and probably will agree with some Democratic ones. Each voter will have to make their decision based on the policies of the parties as well as the people standing as candidates. Jobs, economy and foreign policy are just a few important factors to name but these will be kept in mind by those heading to cast their votes.

At last someone else on the internet who gets it.

The stock market it not the economy.
Crap low paying jobs are not the same as skilled jobs / trade jobs.

And my favorite. Ignoring change and advancement because you don't like it does not mean that it's going away.

-Dave

Just as something to know, this is not me saying that I'm a major democrat or something. I'd say that I agree with the Republicans on tax policy and such, probably lean more on the libertarian side of things for some policies as well.

But yes, I would totally agree with what I said before about the economy. Regular peoples incomes and jobs are not indicated well on the stock market for obvious reasons. Republicans have to start caring about small businesses in America and advocating for pro small business policies. Kinda disgusting that I have to listen to Joe Biden to hear him say things about small businesses and such.

But.... sigh... here we are.

[Spendulus]

In any functioning democracy there will be people that have the same mindset as yours and that is great. You happen to agree with some Republican policies and probably will agree with some Democratic ones. Each voter will have to make their decision based on the policies of the parties as well as the people standing as candidates. Jobs, economy and foreign policy are just a few important factors to name but these will be kept in mind by those heading to cast their votes.

At last someone else on the internet who gets it.

The stock market it not the economy.
Crap low paying jobs are not the same as skilled jobs / trade jobs.

And my favorite. Ignoring change and advancement because you don't like it does not mean that it's going away.

-Dave

Just as something to know, this is not me saying that I'm a major democrat or something. I'd say that I agree with the Republicans on tax policy and such, probably lean more on the libertarian side of things for some policies as well.

But yes, I would totally agree with what I said before about the economy. Regular peoples incomes and jobs are not indicated well on the stock market for obvious reasons. Republicans have to start caring about small businesses in America and advocating for pro small business policies. Kinda disgusting that I have to listen to Joe Biden to hear him say things about small businesses and such.

But.... sigh... here we are.

One major problem IMHO is all the lying about what the other side will do or wants to do. These are getting to be pretty tired old memes trotted out over and over in every election cycle, and they really won't help move things forward.

Bolded above, pretty much inaccurate. If you check the sources and amounts of contributions to congressional and senate candidates, you will find most small business is to the Republican, and big business, labor unions, teachers unions and such contribute to Democrats.

[Xembin]

Since 2016 USA presidential election could not be rigged  which brought Trump as the president of US in Democratic party which stand as the ruling party in the country.
 Joe Biden who is the one try to challenge Trump in up coming election which many billionaire are back Biden up to become a winner for the up coming election. Show money will really flow in this general election.
Trump will surely win this upcoming election because he has improved in the areas of economy and other sectors in the country. I think Trump will still wine this coming election because he has done well in his first term.

[TwitchySeal]

In any functioning democracy there will be people that have the same mindset as yours and that is great. You happen to agree with some Republican policies and probably will agree with some Democratic ones. Each voter will have to make their decision based on the policies of the parties as well as the people standing as candidates. Jobs, economy and foreign policy are just a few important factors to name but these will be kept in mind by those heading to cast their votes.

At last someone else on the internet who gets it.

The stock market it not the economy.
Crap low paying jobs are not the same as skilled jobs / trade jobs.

And my favorite. Ignoring change and advancement because you don't like it does not mean that it's going away.

-Dave

Just as something to know, this is not me saying that I'm a major democrat or something. I'd say that I agree with the Republicans on tax policy and such, probably lean more on the libertarian side of things for some policies as well.

But yes, I would totally agree with what I said before about the economy. Regular peoples incomes and jobs are not indicated well on the stock market for obvious reasons. Republicans have to start caring about small businesses in America and advocating for pro small business policies. Kinda disgusting that I have to listen to Joe Biden to hear him say things about small businesses and such.

But.... sigh... here we are.

One major problem IMHO is all the lying about what the other side will do or wants to do. These are getting to be pretty tired old memes trotted out over and over in every election cycle, and they really won't help move things forward.

Bolded above, pretty much inaccurate. If you check the sources and amounts of contributions to congressional and senate candidates, you will find most small business is to the Republican, and big business, labor unions, teachers unions and such contribute to Democrats.

I don't think squatz was implying that small businesses that donate to political campaigns are more likely to donate to Democrats.  Not sure why you responded as if he did.

[squatz1]

snip

One major problem IMHO is all the lying about what the other side will do or wants to do. These are getting to be pretty tired old memes trotted out over and over in every election cycle, and they really won't help move things forward.

Bolded above, pretty much inaccurate. If you check the sources and amounts of contributions to congressional and senate candidates, you will find most small business is to the Republican, and big business, labor unions, teachers unions and such contribute to Democrats.
[/quote]

Yeah I wasn't saying that small businesses donate to Democrats or anything along those lines. I was moreso saying that Republicans need to get out of the mindset of helping large businesses more often then they help small businesses. Things like lowering the corporate tax rate is great, but it does help big large profitable businesses moreso then small businesses which may be bringing out a small profit every year.

Taking another look at payroll taxes would help both large and small businesses alike. Deducting expenses more easily, making filing easier, etc.

[BADecker]

Of course, the poor people who will probably vote Democrat, don't have vehicles that they can drive all over Phoenix in. Check out the pix.


PHOTOS: Pro-Trump parade stretching for miles goes through Phoenix area

They drove all over the Valley, honking their horns and waving their flags to support the president. They finished up at a dirt lot at a barbecue restaurant in Wittmann.

[Spendulus]

....
Yeah I wasn't saying that small businesses donate to Democrats or anything along those lines. I was moreso saying that Republicans need to get out of the mindset of helping large businesses more often then they help small businesses. Things like lowering the corporate tax rate is great, but it does help big large profitable businesses moreso then small businesses which may be bringing out a small profit every year.

Taking another look at payroll taxes would help both large and small businesses alike. Deducting expenses more easily, making filing easier, etc.

A LOT of small business use the Corporate structure, and file taxes using the 1120 form. Entities such as docs and legal sharks use the 1120S. Others use the Schedule C on the regular 1040.

I have the impression that they were all seriously benefiting from the Trump tax reform. Haven't looked up numbers on it, though. But clearly cutting the top rates and increasing Section 179 depreciation to 2M per year is huge.