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The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.

 
Anonymous Coward
User ID: 24642485
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11/13/2012 12:28 PM
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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
That's not why they're selling. That's the cover story.
Anonymous Coward
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Sweden
11/13/2012 12:32 PM
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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
Are they building bunkers?
Anonymous Coward
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11/13/2012 12:44 PM
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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
If they're selling off than someone must be buying.
YaRight

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11/13/2012 12:44 PM
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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
Fearing an increase in capital gains and dividend taxes, many of the rich are unloading stocks, businesses and homes before the end of the year.

Wealth advisors say that with capital-gains taxes potentially going to 25 percent from 15 percent, and other possible increases in the dividend tax, estate tax and other taxes, many clients are selling now to save millions in taxes.


[link to www.cnbc.com]

Pay no attention Obama-bots...everything will be just fine. Dear leader told us so.

bamasheep1
 Quoting: mrclean


If you make enough money to be personally affected by an increase in Capital Gains Tax Rate, you probably aren't on GLP.

classwar
 Quoting: General Troll, US Shillitary


I don't know about that... wouldn't this affect everyone with an IRA or 401(k), and especially retirees who count on dividend-paying stocks to give them some retirement income? I don't think only rich guys will suffer from this.
 Quoting: sylvie


No it won’t affect 401K. They are talking about capital gain increase from 36% to 39.6% This is the profit you make off of investments.
The most terrifying words in the English language are: I'm from the government and I'm here to help.
Anonymous Coward
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11/13/2012 12:45 PM
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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
Saving and investing should be encouraged and therefore not taxed...only the things that you want to discourage should be taxed.
 Quoting: BRIEF


Oh yeah, like land ownership and work.

No wonder!!
 Quoting: MultiStrada


Income and property taxes are morally wrong and should be done away with...
 Quoting: BRIEF


If you want roads and street lamps and schools and sewer and water then I guess you gotta pay somthing for it. Property taxes in no way cover all the infrustructure any more.

Canada our icome taxe is already at those levels depending on income. Has been for years. I pay 42% because of my income level over 80k. Boo Hoo. Get used to it.
BRIEF
Rebel with morals

User ID: 381742
United States
11/13/2012 12:46 PM

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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
If they're selling off than someone must be buying.
 Quoting: Anonymous Coward 24008725


The company you own stocks in buys it back...there doesn't have to be another buyer...
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
Anonymous Coward
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11/13/2012 01:14 PM
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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
If they're selling off than someone must be buying.
 Quoting: Anonymous Coward 24008725


It's a dude named "printing Press"
Anonymous Coward
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11/13/2012 01:16 PM
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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
If they're selling off than someone must be buying.
 Quoting: Anonymous Coward 24008725



Yes the taxpayer financed PPT (plunge protection team)
Anonymous Coward
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11/13/2012 01:33 PM
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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
That is if you sell anything and it brings your income above $250,000. SO, if you sell your house and with your job income, 401k and savings, etc and your income is above $250,000 because of it, you will pay an ADDITIONAL 3.8 percent tax over and above what you would normally pay.

You are being punished to the extreme on ANY profit you make. This will hit people wanting to downsize and retire hard.
ArchaicSEAL
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11/13/2012 01:51 PM
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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
Fearing an increase in capital gains and dividend taxes, many of the rich are unloading stocks, businesses and homes before the end of the year.

Wealth advisors say that with capital-gains taxes potentially going to 25 percent from 15 percent, and other possible increases in the dividend tax, estate tax and other taxes, many clients are selling now to save millions in taxes.


[link to www.cnbc.com]

Pay no attention Obama-bots...everything will be just fine. Dear leader told us so.

:bamasheep1:
 Quoting: mrclean


If you make enough money to be personally affected by an increase in Capital Gains Tax Rate, you probably aren't on GLP.

:classwar:
 Quoting: General Troll, US Shillitary


I guess you would know ehh??
 Quoting: MultiStrada


It's simple: people who have means aren't freaking out searching for answers on conspiracy websites. I love this place, there is a wealth of knowledge here. However, if you make the bulk of your income from Capitol Gains, all this means is that you may have to *gasp* drive LAST YEARS Mercedes/Audi/Beamer. No doom here.
 Quoting: General Troll, US Shillitary


Yeah, it's simple for the mentality retarded such as yourself. Not all rich folks just sit around eating high priced cheese and drinking wine all day. The vast majority of them have businesses, invest in businesses, power up start ups (venture) and/or buy services. They will be forced to cut back on all of this and believe me, they WILL cut back on all of this and STILL buy the newest model luxury car for themselves every year. Because that is human nature and will never change.. people want better for themselves and think (rightly or wrongly) only about themselves. However, the effects of them cutting back on business and investments will have a stupendously dramatic effect on the economy of the US. This will happen at a time when we are STILL in a recession (and have been since 2008.) This means far more businesses will fire employees and not hire new ones... because the wealthy will want to maintain their lifestyle (and they have a right to, it's NOT their job to provide work for anyone, they do it because it benefits them with more money in the end.)

And we have not even factored in Obamacare's effect and corporate tax hikes that are coming. In a world where American businesses already want to move their production to cheaper labor markets we are just forcing them do it more rapidly while also forcing those businesses that DON'T want to move manufacturing overseas to HAVE to move it to remain alive. Again the full effect of all of this destroys an already horribly damaged economy and just makes the eventual collapse of the US that much more rapid.

Take it or leave it. I don't care. Whatever you choose to believe, reality will come along and smack you in the face eventually...
BillTheKat
Born free, taxed to death.

User ID: 27678076
United States
11/13/2012 02:49 PM

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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
So tell us just where all the "Elites" are going?

I really want to know, as do a lot of other folks here.

Please enlighten us.

jimstitani
“There are only two ways to live your life. One is as though nothing is a miracle. The other is as though everything is a miracle.”

Albert Einstein
Anonymous Coward
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11/13/2012 02:59 PM
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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
Saving and investing should be encouraged and therefore not taxed...only the things that you want to discourage should be taxed.
 Quoting: BRIEF


Yeah, and you should get interest on savings. Oh well...
Anonymous Coward
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United States
11/13/2012 04:06 PM
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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
Fearing an increase in capital gains and dividend taxes, many of the rich are unloading stocks, businesses and homes before the end of the year.

Wealth advisors say that with capital-gains taxes potentially going to 25 percent from 15 percent, and other possible increases in the dividend tax, estate tax and other taxes, many clients are selling now to save millions in taxes.


[link to www.cnbc.com]

Pay no attention Obama-bots...everything will be just fine. Dear leader told us so.

:bamasheep1:
 Quoting: mrclean


It's good for the lawyers who will be executing these sales.

Consider that most of the small business sales are between older family members to the younger ones, in order to save the business from possible liquidation if death tax goes to 55% after 550,00 cap is passed. Personally I don't think Congress will revert to the rate before Bush tax cuts, but you never know.

Best get it done now.
Anonymous Coward
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11/13/2012 04:27 PM
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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
 Quoting: Zombietard




they should be

if they have any inkling of what's coming to ensnare them
BRIEF
Rebel with morals

User ID: 381742
United States
11/13/2012 04:32 PM

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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
Saving and investing should be encouraged and therefore not taxed...only the things that you want to discourage should be taxed.
 Quoting: BRIEF


Yeah, and you should get interest on savings. Oh well...
 Quoting: Anonymous Coward 25498372


Most banks do pay interest, but it's very little...long term investing is a different story though...I held a 10 year CD with a no penalty clause for early withdraw at nearly 7%, but for better returns look at investing in mutual funds, the stock market has an average of about 12% overall including surviving the depression in the 20'S, this depression might be different though :(
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
ehecatl

User ID: 27466874
Mexico
11/13/2012 04:52 PM
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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
Saving and investing should be encouraged and therefore not taxed...only the things that you want to discourage should be taxed.
 Quoting: BRIEF


Oh yeah, like land ownership and work.

No wonder!!
 Quoting: MultiStrada


Income and property taxes are morally wrong and should be done away with...
 Quoting: BRIEF

+1
An example where I agree with Brief, very much.

A country with a balanced social political structure does not require near the overhead and "upper pyramid" expenses as the united states, by about a factor of ten by my calculations of various parameters.

In many countries taxes apply to businesses, imports, and other stuff, but not to the income of average workers, and average workers are not bothered with paperwork either.
Likewise in many countries, once a property is bought and paid for, that's pretty much it in terms of official debts on a property.
Anonymous Coward
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11/13/2012 05:30 PM
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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
OP, I don't think you understand who the "elite" are.

They are not concerned with money because they have trillions upon trillions in value.

You are referring to the upper middle class as "elite," which is absurd.
FatalW1shes

User ID: 18009481
United States
11/13/2012 05:59 PM

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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
I noticed a lot of the Hollywood Elite selling homes last year.

It's like they knew before hand.


Fucking bastards had inside info.
FatalW1shes

User ID: 18009481
United States
11/13/2012 06:02 PM

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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
So tell us just where all the "Elites" are going?

I really want to know, as do a lot of other folks here.

Please enlighten us.

jimstitani
 Quoting: BillTheKat


1 - Norway
2 - Denmark
3 - Sweden
4 - Australia
5 - New Zealand
6 - Canada
7 - Finland
8 - Netherlands
9 - Switzerland
10 - Ireland


Are the top 10 prosperous countries in the World.

USA is number 12. Why hang around here anymore?
Anonymous Coward
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11/13/2012 06:06 PM
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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.

 Quoting: Anonymous Coward 27392237


that is Fucking GREAT!!!! sidewayssidewaysdead3dead3dead3dead3
STARLING
godlike productions

User ID: 27067366
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11/13/2012 06:19 PM

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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
Why do some people hate other people that have more wealth.

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