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

That's not why they're selling. That's the cover story.

Are they building bunkers?

If they're selling off than someone must be buying.

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.

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.

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

It's a dude named "printing Press"

Yes the taxpayer financed PPT (plunge protection team)

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.

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...

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.

Yeah, and you should get interest on savings. Oh well...

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.

they should be

if they have any inkling of what's coming to ensnare them

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 :(

+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.

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.

I noticed a lot of the Hollywood Elite selling homes last year.

It's like they knew before hand.


Fucking bastards had inside info.

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?

that is Fucking GREAT!!!!

Why do some people hate other people that have more wealth.