Trump vs Amazon

[wdmso]

Amazon stocks drop 5% or 30 billion in market value after Trumps tweet

How can Trump say he support American business ?

Or is attacking amazon because of amazon owner owns the Washington post
Can you say abuse of power

[detbuch]

Originally Posted by wdmso

Amazon stocks drop 5% or 30 billion in market value after Trumps tweet

How can Trump say he support American business ?

Or is attacking amazon because of amazon owner owns the Washington post
Can you say abuse of power

Yeah, giant corporations often abuse their power.

[trevier]

I thought he was attacking them for not paying there fair share of taxes.

[wdmso]

Originally Posted by trevier

I thought he was attacking them for not paying there fair share of taxes.

how can he attack them for not paying their fair share of taxes when he just cut the corporate tax rate ..


or was it sarcasm


but Oil companies are drilling along Mining company's on public land pay only $1.50 an acre per year to do so.. bargain prices give private companies a windfall while depriving American taxpayers of a fair return from energy production.


but he goes after amazon

[Jim in CT]

Originally Posted by wdmso

how can he attack them for not paying their fair share of taxes when he just cut the corporate tax rate ..


or was it sarcasm


but Oil companies are drilling along Mining company's on public land pay only $1.50 an acre per year to do so.. bargain prices give private companies a windfall while depriving American taxpayers of a fair return from energy production.


but he goes after amazon

"how can he attack them for not paying their fair share of taxes when he just cut the corporate tax rate ..'

Many, not you, would say the new corporate tax rate is more than fair. Your pension, I promise, is benefitting from corporations being more profitable. But if your moral compass can't get on the same page, you can donate the extra money that Trumps policies have put into your pension, by voluntarily paying higher taxes. Let us know when you get around to doing that.

"bargain prices give private companies a windfall"

Good lord man, and the private sector employees who benefit, pay the taxes that fund your salary. So that's good for you. You can't see that?

[wdmso]

Originally Posted by Jim in CT

"how can he attack them for not paying their fair share of taxes when he just cut the corporate tax rate ..'

Many, not you, would say the new corporate tax rate is more than fair. Your pension, I promise, is benefitting from corporations being more profitable. But if your moral compass can't get on the same page, you can donate the extra money that Trumps policies have put into your pension, by voluntarily paying higher taxes. Let us know when you get around to doing that.

"bargain prices give private companies a windfall"

Good lord man, and the private sector employees who benefit, pay the taxes that fund your salary. So that's good for you. You can't see that?

You act as if private sector employee's don't pay taxes .. Jim you have a hard time looking at the big picture .. can you tell me why Trump would attack amazon for not paying taxes after cutting their taxes or why is it good for the tax payer to allow drilling on public land for 2 dollars an acre .. Trump is abusing his power as potus and you love it and I contribute to my pension and it don't change because of the stock market .. my personal plan does and I have seen the down and the up both had very little to do with the POTUS policy's

[JohnR]

The dichotomy is amazing

I was watching Chuck Todd do a quickie new segment on the Today show this am and he was insisting it was wrong for the President to pick Winners and Losers.

While I generally agree the differences of just a few years is hysterically ironic.

[wdmso]

Originally Posted by detbuch

Yeah, giant corporations often abuse their power.

I dont disagree.. but why only 1 company ?

[Nebe]

How many small American business has amazon put out of business ? Thousands if not tens of thousands. In my town I have watched at least 10 businesses come and go because people just don’t shop “in real life” any more. Click and ship mentality is destroying main streets in every town in every state.
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[spence]

This is another one of those areas where Trump gets pretty much everything wrong. USPS wrong, taxes wrong, small business wrong.

This is all about the WaPo and just trying to create another bogeyman to rile up the base.

[DZ]

I can see his point somewhat. I sell my book on Amazon. They won't collect state sales tax and forward to state coffers. The states have been harping on them for a while. Other online sites like Airbnb, Uber, etc, have redesigned their programs to collect all taxes and forward to states.

[JohnR]

Originally Posted by DZ

I can see his point somewhat. I sell my book on Amazon. They won't collect state sales tax and forward to state coffers. The states have been harping on them for a while. Other online sites like Airbnb, Uber, etc, have redesigned their programs to collect all taxes and forward to states.

I have been paying state sales tax on Amazon for a while - RI requires it

[wdmso]

the Postal Regulatory Commission, which oversees the industry, has found that the US Postal Service makes a profit from its contract with the company.

Friends of Mr Trump in the commercial property sector have also been urging him to protect them from digital retail giants as they see shopping malls closing and rents falling,


It is unprecedented for a sitting president to single out one company for such vicious attacks,

http://www.bbc.com/news/world-us-canada-43606088

[spence]

Originally Posted by JohnR

I have been paying state sales tax on Amazon for a while - RI requires it

Amazon collects state taxes on direct sales. For professional sellers they have a service where the seller can provide their state tax id and Amazon will apply proper state taxes as appropriate, but the seller has to sign up for it. This does make some sense, it's not Amazon's liability to ensure the state taxes are paid by a merchant they are simply a broker for.

I've read that about half of Amazon's purchases are not direct from the fulfillment centers but are through the marketplace. There could be a good argument here than Amazon is doing more to help small business gain a wider audience then they had previously. If anything put the hurt on local retail it's likely the big box stores in the 90's and 2000's.

And the USPS can't by law enter into a corporate agreement where they don't make a profit. Seems like all the shipping companies are using them these days to finish the delivery.

Not saying Amazon is perfect but it seems like POTUS is wrong on just about every facet of his argument. Why?

Oh yes, WaPo.

[DZ]

Originally Posted by JohnR

I have been paying state sales tax on Amazon for a while - RI requires it

That is good to know. On my seller statements it never shows that the buyer is paying the state sales tax to Amazon. Maybe it's buried in the Amazon fees.

[Jim in CT]

Originally Posted by spence

Trump gets pretty much everything wrong. .

How's your 401(k) compared to January 2017?

[spence]

Originally Posted by Jim in CT

How's your 401(k) compared to January 2017?

Are you planning on cashing out?

[Jim in CT]

Originally Posted by spence

Are you planning on cashing out?

No, but for damn sure I have stop loss orders on my top holdings...the correction is coming.

[spence]

Originally Posted by Jim in CT

No, but for damn sure I have stop loss orders on my top holdings...the correction is coming.

So you're claiming the market gains the past 12 months are evidence of Trump's fiscal sophistication even though they're about to crash.

Good one.

[Got Stripers]

Originally Posted by Jim in CT

How's your 401(k) compared to January 2017?

One more hit like today and my retirement keep in mind that's at a risk level of 3 out of 10), will soon be approaching the level it was the end of April 2017. Trump took credit for the market going crazy, hope he's going to man up and take credit for it tanking in response to his latest moves. Granted, some corrections had to happen, but an entire year of gains are about to go down the drain at this rate.

I pity the younger investors more heavily invested in the market.

[Jim in CT]

Originally Posted by Got Stripers

One more hit like today and my retirement keep in mind that's at a risk level of 3 out of 10), will soon be approaching the level it was the end of April 2017. Trump took credit for the market going crazy, hope he's going to man up and take credit for it tanking in response to his latest moves. Granted, some corrections had to happen, but an entire year of gains are about to go down the drain at this rate.

I pity the younger investors more heavily invested in the market.

"Trump took credit for the market going crazy, hope he's going to man up and take credit for it tanking in response to his latest moves"

Fat chance. Nothing that goes wrong is ever his fault.

"I pity the younger investors more heavily invested in the market"

I'm 20 years away from retirement, if I'm lucky. It's pretty scary.

[Sea Dangles]

Jeff,why not just answer the question?
Posted from my iPhone/Mobile device

[Jim in CT]

Originally Posted by Sea Dangles

Jeff,why not just answer the question?
Posted from my iPhone/Mobile device

Because the answer doesn't serve his personal agenda.

When my beliefs cannot stand up to the scrutiny of such a simple question, that's the day I re-examine what I believe.

Maybe I am taking the DJIA 'out of context', maybe if you look at it through Spence's context, it's actually down over the last 15 months.

[Pete F.]

How about the market compared to other presidents
http://www.macrotrends.net/2481/stoc...e-by-president

[Jim in CT]

Originally Posted by Pete F.

How about the market compared to other presidents
http://www.macrotrends.net/2481/stoc...e-by-president

When Trump came in, the stock market (thanks in part to Obama) was very high. It's harder to grow the stock market when it's high, and easier to grow the market after a crash.

That doesn't diminish what Obama did. But when he came in, the market had almost nowhere to go but up.

It's like golf. It's a lot easier to take 5 shots off your game when you are shooting 130, then it is when you are shooting 90.

Would it kill you to admit that he's been good for the economy? In all seriousness, what are you afraid will happen, if you are honest for 10 seconds?

[Pete F.]

Originally Posted by Jim in CT

When Trump came in, the stock market (thanks in part to Obama) was very high. It's harder to grow the stock market when it's high, and easier to grow the market after a crash.

That doesn't diminish what Obama did. But when he came in, the market had almost nowhere to go but up.

It's like golf. It's a lot easier to take 5 shots off your game when you are shooting 130, then it is when you are shooting 90.

Would it kill you to admit that he's been good for the economy? In all seriousness, what are you afraid will happen, if you are honest for 10 seconds?

I always feel that I am honest, I just have a hard time with the emperor's attire.
It's a lot easier to make the market go up by cutting corporate taxes in the middle of an expansion phase, in fact it is likely the only way to hyperinflate the market in that case.
Honestly, I feel that it will make the coming market adjustment in the next two years worse.
Who Trump will blame that on remains to be seen.

[Jim in CT]

Originally Posted by Pete F.

I always feel that I am honest, I just have a hard time with the emperor's attire.
It's a lot easier to make the market go up by cutting corporate taxes in the middle of an expansion phase, in fact it is likely the only way to hyperinflate the market in that case.
Honestly, I feel that it will make the coming market adjustment in the next two years worse.
Who Trump will blame that on remains to be seen.

The market went up long before the GOP passed the tax overhaul.

You can also hyperinflate the market by doing what Obama did, borrowing a couple of trillion and dumping it into the market.

" feel that it will make the coming market adjustment in the next two years worse.
Who Trump will blame that on remains to be seen"

OK, so when the inevitable correction/recession occurs, none of it will be connected to anything Obama did, all of it will be Trump's fault. That's "honest"?

When the market goes on a tear for 9 years, it typically gives back at some point. If Hilary had won, we'd still be due for a correction/recession. That's the cycle. Sure, there are things presidents can do to make it more or less severe.

You are right, assuming there's a correction/recession on Trump's watch, you can bet he will place all of the blame elsewhere.

[Pete F.]

Originally Posted by Jim in CT

You can also hyperinflate the market by doing what Obama did, borrowing a couple of trillion and dumping it into the market.
What would you have suggested he do at that point in time? Wait for things to sort themselves out?



OK, so when the inevitable correction/recession occurs, none of it will be connected to anything Obama did, all of it will be Trump's fault. That's "honest"?
Since the claim is made that all things good are due to Trump's policies, surely the converse must be true?

When the market goes on a tear for 9 years, it typically gives back at some point. If Hilary had won, we'd still be due for a correction/recession. That's the cycle. Sure, there are things presidents can do to make it more or less severe.
Would that be like cutting taxes and increasing the deficit in the middle of an expansion. Sure you have a short term "good" but long term?

You are right, assuming there's a correction/recession on Trump's watch, you can bet he will place all of the blame elsewhere.

We agree on one thing

[Sea Dangles]

That is a selfish answer, hard to feign shock but that is the best Jeff can do in two days.

Why not just say that there is a lot more money in there but you're not sure why that is.
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[Pete F.]

I would say it is pretty scary when Trump and Bernie agree.
I also think it's pretty comical that people outside Vermont care what Bernie says.
I think Trump should have his tweeting privileges revoked, if he was my kid I'd have taken his phone away for his behavior on it.