Dollar Pimp

When Will the Market Turn Negative Again?

My entirely speculative technical vision for the market going forward - 50% decline of the current rally coming soon to a theater near you. From the low 800's (S&P), the market retests recent highs as we move into the Fall at which time the market falls apart in a bone crushing C wave lower. Catalyst will be higher interest rates and / or soaring tax rates as the govt wakes up to its dire financial position.

Market Death Spiral Continues

"2% of people paying 50% of all taxes is not fair."

I hate, hate, hate this argument. You do understand that this 2% (the so-called overclass) controls an inordinate amount of the wealth in this country, yes? 50% sounds like a lot until you consider the number as a percentage of their income. After all, there's multi-billionaires in this group. It's all relative. When you consider their crafty use of tax loops and havens and the ridiculously low cap gains rates, their average contribution (as a % of their income) is no higher than the little guy! In fact, some of the super-rich pay little tax at all. Just ask Therasa Heinz Kerry who's effective tax rate is something like 9%

On Mar 01 11:01 AM JerseyMike wrote:

> 2% of people paying 50% of all taxes is not fair.
> 50% of all people paying no income tax at all is not fair.
> If we "are all in it together", then we should all contribute. That
> would be fair.