the question can be this..... Would a person rather have a tax cut, or pay a little more..... Or have the market go up another 25%. The correct answer is have the market go up. If that is not a person’s answer.....it’s probably time to rethink their financial planning.
Or perhaps that is a fool's choice: raise my taxes, in the hopes that a stock market that is already very inflated goes up another 25%.
Hedge fund billionaire warns about stock market bubble
Top Economist: Get Ready for a Stock Market Drop
14 months ago, even Donald Trump warned that the market was a "massive bubble" that was not even fueled by economic reality.
So now, 14 months later, we are supposed to believe that raising our taxes is a great idea, in the hopes that the bubble gets even worse?
OK. Sure.
I believe there will be a day of reckoning with the market.
Where are we then? Oh, with higher taxes and a lot of suicidal market gamblers jumping off roofs.
Doubt me? DON'T !
The huge corporations are getting a permanent, huge, TAX CUT.
Small companies are NOT going to get them.
Many people who are going to get a damned tax INCREASE, are the one who have disposable money with which to buy stuff ( in some cases, LOTS of stuff! ) and to invest.
The piddly amount that some posters, here, are cheering about getting, doesn't amount to all THAT much...except in the aggregate and THAT won't fuel the economy.
Worse yet...the "promise" of more jobs and higher salaries, WILL push many into higher tax brackets! So chew on THAT for a bit.
What makes you think increasing taxes is going to make the market go up another 25%?
Precisely the opposite!
The answer is to cut taxes at all levels, but especially at the top bracket, where high taxes inhibit investment and risk taking.