09-30-2020, 10:19 AM
(This post was last modified: 09-30-2020, 11:44 AM by ElwoodBlues1.)
Corporate tax rates up from 21 to 28%, 12.4 %payroll tax, big pharma and other companies who leave the USA to get a punishment tax... Its high school economics to tax heavily in a recession. The broad picture is every worker with a super account or a 401k account is connected to the stockmarket, that's a high connect.
Stockmarkets move on sentiment in the main.. Governments usually stimulate economies by reducing interest rates, buy bonds both govt and corporate. Its true that money doesn't filter down to everyone but its about creating a environment for earnings and employment. I'm talking about fixing a recession and covid damage not fixing world poverty and equality. Don't think Biden is capable of either but Trump regardless of being a arrogant boofhead is a better bet to fix the former in the USA and not drag the rest of the world into a GFC.
Stockmarkets move on sentiment in the main.. Governments usually stimulate economies by reducing interest rates, buy bonds both govt and corporate. Its true that money doesn't filter down to everyone but its about creating a environment for earnings and employment. I'm talking about fixing a recession and covid damage not fixing world poverty and equality. Don't think Biden is capable of either but Trump regardless of being a arrogant boofhead is a better bet to fix the former in the USA and not drag the rest of the world into a GFC.