Looking at the composition of the wealth change, $3.54 trillion came from a gain in stocks, $1.2 trillion was from an increase in real estate values - the biggest quarterly increase in housing values on record - and another $1.1 trillion coming from "other sources."
We also need to talk about CBDC's or central bank digital currency. Included in the Digital Asset Bill, amendments to the Federal Reserve Act and the definition of legal tender are proposed. These amendments drastically expand the powers of the Federal Reserve, and change how money is created and distributed in the US. ... https://www.youtube.com/watch?v=jc2V3EOmNoc
To avoid getting lost, you have to know how to find your location.
There are no street addresses in a combat area. However, by using
a military map, you can find your location without difficulty. Maps
have black lines running up and down (north and south) and
crosswise (east and west). These lines form small squares called
“grid squares” that are numbered along the outside edge of the map
picture. Using these numbers, you can identify each grid square.
No two squares have the same number. To get the right numbers
for a certain grid square, read from left to right along the bottom
and locate the line that borders the grid square on the left. Then
read up and find the east-west line that borders the grid square
along the bottom.
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There's at least 1.9 million small businesses that will get hit with tax increases -- which does not even include the number of small businesses that would get hit from the elimination of stepped-up basis.
The Tax Foundation notes that IRS statistics "show more than half of pass-through business income could face tax increases" under the new plan.
The proposed increase in the top marginal income tax rate to 39.6 percent will hit small business sole proprietorships, LLCs, partnerships and S-corporations.
They want to raise the top marginal income tax rate to 39.6 percent which will hit many small businesses.
According to the Congressional Research Service, "The majority of both corporations and pass-throughs in 2011 had fewer than five employees (55% of C corporations and 64% of pass-throughs). Nearly 99% of both corporations and pass-throughs had fewer than 500 employees, the most common employment-based threshold used by the Small Business Administration (SBA)."
Another troubling bit is raising the corporate income tax rate hike from 21 percent to 28 percent targets one million small businesses across the country organized as corporations.
As noted by the Small Business Administration Office of Advocacy, there are 31.7 million small businesses in the U.S. Of those, 25.7 million have no employees, while 6 million have employees. Of these 6 million small employers, 16.8 percent, or 1 million of these businesses are classified as c-corporations. The SBA classifies a small employer as any independent business with fewer than 500 employees.
The claim is this spending plan makes large corporations pay their “fair share.” However, the plan will raise taxes on many small businesses that are structured as corporations.
Also of note: a recent study from the U.S. Chamber of Commerce found that 1.4 million small businesses organized as C-corporations will get hit by the corporate tax rate hike.
The Chamber noted the corporate income tax hike will hurt small businesses in every sector of the economy: “agriculture, construction, health care, real estate, finance, and more.”
...
https://www.youtube.com/watch?v=a6ADTo_9uzQ
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I love lbry and have been convincing subscribers to follow our channel on Odysee and about what a great platform it is for freedom of speech and the integrated cryptocurrency payment system. We brought up that lbry is a truly viable alternative so this may be a key reason the SEC is filing lawsuits against the decentralized blockchain-based platform. LBRY operates a decentralized content publishing platform. According to the company, the firm’s in-house tokens, dubbed LBRY Credits, are used as part of the platform to publish and buy content.
The SEC’s lawsuit contends that LBRY Credits are securities and that the firm’s sale of these credits constituted an unregistered offering to investors.
“According to the SEC’s complaint, from at least July 2016 to February 2021, LBRY, which offers a video sharing application, sold digital asset securities called “LBRY Credits” to numerous investors, including investors based in the US,” the SEC said in a statement published Monday. “The complaint alleges that LBRY did not file a registration statement for the offering, and that the offering failed to satisfy any exemption from registration.”
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https://www.youtube.com/watch?v=CwRSuzXzIt4
The stock market has become increasingly volatile as the hopes of a quick and clean stimulus have faded and investors begin to second guess these record-high valuations. Stocks have had a string of bad beats and honestly, I don't know what anyone was thinking of jumping on this market as major recession sets in. I think it is a fundamental misunderstanding of the initial health of the US economy or people simply don't care but we have been seeing weakness in the underlying economy for a couple years. One of the most concerning things is the 2020 recession is it's beginning to eat away at Americans disposable income and according to a new Gallup poll many Americans have determined to spend less on Christmas this year and though they bring up this super-v this typically doesn't happen except during recessions. The drop was significant and typically holiday spending rises around 3% YOY so it would be a major break from the trend we've seen during the past few years now that it's dropping. If this trend holds true it could mean it is the breaking point for a make or break holiday season before it's even begun. Many retailers have been struggling to make the rent and dramatically rethinking their brick-and-mortar footprint and with so many Americans reporting they plan to do most of their holiday spending online this year it could be the end for many.
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https://www.youtube.com/watch?v=BD6Cm7sej50
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The cost of a key building material used in everything from vinyl siding to gutters to windows and doors to flooring to plumbing jumped to a fresh record high.
U.S. Gulf Coast export PVC spot prices printed $1,900 per metric ton for the week ending Sept. 10, up more than 30% since June.
the latest jump in prices is due to Hurrican Ida disrupting 60% of the U.S.' polyvinyl chloride production. The hurricane delivered a devastating blow to petrochemical factories on the Gulf Coast as buyers go elsewhere for plastics.
"We're now hearing some buyers there are looking to Asia for supply at the moment," Jeremy Pafford, head of North America's Independent Commodity Intelligence Services. "Expectations are that the tight supply situation will continue for several weeks."
Homebuilders and homeowners cannot catch a break when it comes to the cost of materials. Earlier this year, lumber jumped to new heights on supply chain woes but has since plunged, though it remained more than double the prices from COVID lows.
D.R. Horton, the largest homebuilder in the US, warned Monday that "significant disruptions in the supply chain ... along with tightness in the labor market" will dent the full-year sales forecast. The update comes as similar warnings from homebuilder PulteGroup earlier this month warned that "shortages for a variety of building products, combined with increased production volumes across the homebuilding industry, are directly impacting our ability to get homes closed to our level of quality over the remainder of 2021."
"Runaway construction cost growth, such as ongoing elevated prices for oriented strand board that has skyrocketed by nearly 500% since January 2020, continues to put upward pressure on home prices," said NAHB Chairman Chuck Fowke.
"Policymakers must address supply chain bottlenecks for building materials that are raising costs and harming housing affordability," Fowke added.
There could be more rallies ahead for PVC prices as there is no clear timeline on when petrochemical factories in Louisiana will come back online. One thing is sure: the cost of manufacturing PVC has risen due to soaring natural gas price
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https://www.youtube.com/watch?v=eI8x4EWzovM
WarnerMedia's CEO Jason Kilar Covid19 has been really good for CNN's ratings in zoom call with Morgan Stanley when asked if a Biden presidency is the end of their boost in ratings from Trump.
Economic collapse news, November 12, 2019.
Today we focus on the housing market because there are a few troubling signs. Manhattan is seeing a rush of vacancies ahead of the holiday season and dropping Rents in some of their most coveted retail areas. This is particularly concerning because NYC has been an exceptionally strong market the throughout housing bubble 2.0. Next we look at bay area home prices as they continue their slide. This is another area that has been a top performing market and yet these two are showing signs of weakness at the worst time. Is Housing The Bubble Popping?
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https://www.youtube.com/watch?v=TJ5il9B_Pow