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Old 06-14-2020, 04:46 PM   #141
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70% of the US economy is consumer spending. If the consumer is not doing well because of reduced funds, underemployment or not out spending/traveling/doing stuff like normal due to social distancing, the economy will not recover.

Like Beach said, as long as this virus is around without good treatment or immunity from it via vaccine/herd immunity, we are stuck with a reduced economy.
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Old 06-14-2020, 04:50 PM   #142
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Originally Posted by audreyh1 View Post
70% of the US economy is consumer spending. If the consumer is not doing well because of reduced funds, underemployment or not out spending/traveling/doing stuff like normal due to social distancing, the economy will not recover.

Like Beach said, as long as this virus is around without good treatment or immunity from it via vaccine/herd immunity, we are stuck with a reduced economy.
Agreed. Buy low because this too shall pass.
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Old 06-14-2020, 04:54 PM   #143
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A lot of manufacturing was ceded to China and Mexico, among others. Wages have been rising over the past few years, however. Low unemployment tends to do that. I am sure you are pleased with the recent economy (pre-covid, that is) after all of that stagnation. Of course, the rich will also get richer so that may temper some of your joy.
The rich always get richer, but certainly didn't need to be helped by the tax reform passed by this Admin. Just the individual side.
My friends were happy with it, until I asked them to calculate the net tax liability with and then without the tax law change.
Crickets....
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Old 06-14-2020, 04:58 PM   #144
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The rich always get richer, but certainly didn't need to be helped by the tax reform passed by this Admin. Just the individual side.
My friends were happy with it, until I asked them to calculate the net tax liability with and then without the tax law change.
Crickets....
Maybe they just didn't feel like calculating their net tax again for your enjoyment.
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Old 06-15-2020, 01:34 AM   #145
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Too much bickering going on, the thread has lost its way.

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