The Soapbox

Los Angeles Hoo

Joined: 03/05/2014 Posts: 19522
Likes: 29754

What's this?

That's just false. You can easily look at a chart of the S&P and...


...verify what I just posted. I'll make it easy for you and post it below.

This is just like your COVID commentary -- you challenge people when they post data just to say that their data is wrong -- without explaining how -- and then you fail to post any data of your own. You also like to appeal to authority (Dalio, in this case, or Fauci in the case of COVID), which is irrelevant.

As for Trump's tax cuts being "unsustainable", that's no more credible or meaningful than saying our spending is "unsustainable". Politicians can choose to increase/cut taxes and increase/cut spending -- those are all choices, and they are only sustainable or not within the context of themselves.

As for "more normal levels" of taxation, that concept doesn't exist. Tax rates have been all over the map throughout history. There is no normal.

(In response to this post by TomGlansAski)

Posted: 10/24/2020 at 3:02PM


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Current Thread:
 
  Currently, 538 predicts a 73% chance that Democrats take the Senate. -- Blah 10/24/2020 11:16AM
  I’m torn here. I want trumpism totally repudiated, but -- BocaHoo91 10/24/2020 12:42PM
  Marginal rates of 62+% above 400k is brutal. -- Ied 10/24/2020 4:28PM
  Yes, but hard to not have W2 income without -- BocaHoo91 10/24/2020 4:41PM
  Ss is retirement welfare -- tchoo 10/24/2020 12:56PM
  You pay for Social Security with payroll deductions. I think -- Hoogle.com 10/24/2020 2:02PM
  You pay for your parents ss with payroll deductions -- tchoo 10/24/2020 2:07PM
  Well, that's one way to look at it. And, true. So, -- Hoogle.com 10/24/2020 2:24PM
  Lol they already went to your parents madoff style ** -- tchoo 10/24/2020 2:39PM
  The national debt is $20 tril. Why do we worry about a budget? We -- Hoogle.com 10/24/2020 7:07PM
  Um, it's north of $27T. $20T is so 2016. ** -- Shenhoo 10/24/2020 7:17PM
  Wow, I blinked and its $27 T. ** -- Hoogle.com 10/24/2020 9:47PM
  A little. But benefits are roughly tied to -- BocaHoo91 10/24/2020 1:00PM
  Ahh eliminate the cap...didn’t know that was a part of the plan -- tchoo 10/24/2020 1:14PM
  This is inaccurate, those who pay in and are hitting the cap every year -- Ied 10/24/2020 4:29PM
  I’ll take some exception with that. Rich people -- BocaHoo91 10/24/2020 1:26PM
  The argument for defined contribution goes out the windows -- tchoo 10/24/2020 1:36PM
  Will be interesting to see how this plays out if Biden wins... -- Los Angeles Hoo 10/24/2020 1:32PM
  It is kind of interesting. During the last 28 years, the Democratic preside -- 111Balz 10/24/2020 3:13PM
  That's just not the case, as I laid out in my previous post... -- Los Angeles Hoo 10/24/2020 5:22PM
  Smarter investors disagree with that assessment. Ray Dalio, for example, -- TomGlansAski 10/24/2020 1:43PM
  Many investors disagree, which is why we have a market... -- Los Angeles Hoo 10/24/2020 2:08PM
  You forget that Trump made unsustainable cuts to taxes, so increases are -- TomGlansAski 10/24/2020 2:50PM
  That's just false. You can easily look at a chart of the S&P and... -- Los Angeles Hoo 10/24/2020 3:02PM
  So no indices or legend but I’m assuming the line is the S & P? -- 111Balz 10/24/2020 3:19PM
  Yes, that was the S&P 500, but adjusted for scale due to... -- Los Angeles Hoo 10/24/2020 4:46PM
  Stock analyst and investors pick investments today based on what they -- 111Balz 10/24/2020 5:05PM
  Balz,... -- Los Angeles Hoo 10/24/2020 5:33PM
  Moribund Obama recovery in 2016? Come on, man -- 111Balz 10/24/2020 5:35PM
  Certainly seems valued as if its factoring in a trump win, which is -- Ied 10/24/2020 5:04PM
  I'm not going to waste more time on this dialogue because we are just going -- TomGlansAski 10/24/2020 3:15PM
  I'm in... -- Los Angeles Hoo 10/24/2020 4:37PM
  As I said earlier, I disagree. That is all ** -- TomGlansAski 10/24/2020 5:05PM
  Yeah, that cap gains tax proposal is brutal. Hope it fails. ** -- HoosWillWin 10/24/2020 12:54PM
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  Completely agree. They need to be spanked ** -- TomGlansAski 10/24/2020 12:48PM
  Are you volunteering? ** -- Hoogle.com 10/24/2020 2:28PM
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  Run it up, Herman—leave no doubt. ** -- hooshouse 10/24/2020 12:14PM
  Not high enough for my liking. ** -- Hoobedoobedoo 10/24/2020 12:11PM
  Will be tight, most likely... -- Los Angeles Hoo 10/24/2020 12:07PM
  So Trump (who can’t keep it in his pants) will win, but Cunningham -- TomGlansAski 10/24/2020 12:54PM
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  That's a valid argument. ** -- Blah 10/24/2020 5:14PM
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  Yep -- this is why I think Lady G and Collins are in trouble... -- Los Angeles Hoo 10/24/2020 1:12PM
  I would be shocked by that analysis. But I've read your covid -- Shenhoo 10/24/2020 12:13PM
  LOLZ... Hey -- my political predictions are worth exactly what... -- Los Angeles Hoo 10/24/2020 1:00PM
  Power of positive thinking. Trump made the virus magically disappear. ** -- Blah 10/24/2020 12:28PM
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  I think they are ignoring it because they think they are going to... -- Los Angeles Hoo 10/24/2020 1:03PM
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  Haha ** -- hooshouse 10/24/2020 1:06PM
  Shhh. It's a secret ** -- wahoo138 10/24/2020 1:13PM
  Dude ** -- wahoo138 10/24/2020 1:05PM
  I know, I know... ** -- Los Angeles Hoo 10/24/2020 1:13PM
  I read that post- TR debate, the Trump's had -- Shenhoo 10/24/2020 12:28PM
  538 has MN at 91% chance for Biden as of 3 hours ago -- wahoo138 10/24/2020 12:22PM
  I'm aware, but... -- Los Angeles Hoo 10/24/2020 1:21PM
  Oh I know why you think it, but there's no empirical evidence that it's hap ** -- wahoo138 10/24/2020 1:26PM
  This is like the goobers up here in 2012 saying that WA and OR were in play -- Seattle .Hoo 10/24/2020 2:28PM
  There’s no empirical evidence that LA Hoo actually does empirical evidence. -- SixerHoo 10/24/2020 2:15PM
  Fair enough, but the only empirical evidence showing otherwise are... -- Los Angeles Hoo 10/24/2020 1:29PM
  Twss ** -- Stimp 10/24/2020 12:13PM
  Post of the Day. ** -- Los Angeles Hoo 10/24/2020 1:22PM
  Flip Peters and Graham. Biden is doing well in -- Hoobedoobedoo 10/24/2020 12:12PM
  Wow. ** -- fphoo 10/24/2020 12:10PM
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  Another huge potential political shift: local and state elected officials. -- Blah 10/24/2020 11:27AM
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  Same here and for the same reason ** -- CT Wahoo 10/24/2020 1:02PM
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  Let us pray to God this is the case. ** -- WaxHoo 10/24/2020 11:45AM
  There is a scenario in the GA special election where it could -- Shenhoo 10/24/2020 11:22AM
  Especially if it’s for control of the senate ** -- graycalhoo 10/24/2020 11:41AM

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