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Non-Tech : Kirk's Market Thoughts
COHR 191.72+0.2%Dec 26 9:30 AM EST
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To: Sun Tzu who wrote (11892)9/3/2021 10:31:11 AM
From: Kirk ©  Read Replies (1) of 26866
 
Hmmm
BTW, the fears of all the manufacturing and technology leaving the US and America becoming a service only economy are unfounded. Such a future can never exist.
Why not? Why did advanced civilization mostly leave the African continent? At one point the Nile river basin was the center of innovation (ignoring what was happening in China which American history classes seriously lack teaching) .

If the people continue to attack wealth creators while they are alive, those with good ideas in other countries might decide there are better places to further their ideas. Singapore did such a good job in the 1990s that I decided to get out of tech as it was not rewarding training engineers born in other countries who came to the US for training then went back to Singapore to design things I was teaching top US students from MIT, CAL, Stanford, Rice, etc. to do in the 1980s as I was taught in the late 70s and early 80s...

China is trying to force fit this in their country but they take such a heavy hand correcting things they don't like that I bet anyone who can leaves to get rich elsewhere.

I'm a big fan of a low capital gains tax or index it to inflation THEN if society wants to recover all the costs companies like MSFT got for free (laws that prevented me from copying their software and selling it at flea markets) it can do so with taxation after death. Eliminating the stepped up basis for stocks and businesses WHEN THEY ARE SOLD by heirs is a good way to do this. Also, you should only get the capital gains rate indexed to inflation on money you put at risk.
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