Economy stonks v21

brackis1 said:
Based on what threshold of tax increase?
This is about bleeding out mega-rich evaders hiding behind stock-based compensation acting as loan collateral.
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Well now you are the one talking about 2 different things. I'm not going to get any extra benefit from any of it anyway, and I'm also not a waiter or waitress, but that is who will get dinged the worst from banks snitching on $600 transactions. Billionaires aren't making $600 transactions, there aren't enough hours in the day. It would be 7 figure transactions at least if it was really billionaires you were going after, and again, the majority of people get no benefit from taxing rich people more.
 
thehighking said:
NIO is showing itself to be very successful though. There's a lot of newer electric vehicle companies, many which haven't even sold a car yet. I'd go with the one that's hitting all it's targets, has billions of dollars in sales this year, has massive hoards of cash, high investor interest and is already on track to become profitable in 2023. Being a Chinese company is also a massive advantage, China being home to the biggest EV market in the world and with the Chinese government making plans to become carbon neutral. I'm very bullish on this one, I'm expecting huge gains within the next two years. It boggles my mind why someone would invest in TSLA rather than a company like NIO.
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because china. have you been under a rock? china just torpedo'd a ton of their own companies.

and even if china doesn't wreck them, themselves... with nio/xpeng, you'd only be owning ADRs... which basically mean jack shit.

dumber, your point was that they're new (7 years old) and growing - meanwhile, lucid and lordstown and 83464 other ev companies that are newer and would have larger growth rates.

not that i'd want to buy lordstown, either.

i don't like tsla - but ffs, saying you can't fathom why anyone would buy tsla over nio is just stupidly ignorant.
 
rob mafia said:
because china. have you been under a rock? china just torpedo'd a ton of their own companies.

and even if china doesn't wreck them, themselves... with nio/xpeng, you'd only be owning ADRs... which basically mean jack shit.

dumber, your point was that they're new (7 years old) and growing - meanwhile, lucid and lordstown and 83464 other ev companies that are newer and would have larger growth rates.

not that i'd want to buy lordstown, either.

i don't like tsla - but ffs, saying you can't fathom why anyone would buy tsla over nio is just stupidly ignorant.
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That's ridiculous in this context. Why would they hurt a company they depend on for reaching their climate goals? It's essential for China that a Chinese electric vehicle company is successful and China have already bailed out NIO when they were struggling. China can be a risk but certainly not with an EV company. The main unpredictable worry with NIO would be the trade war with America. America has delisted several Chinese companies so that is a real risk. Also the corporate power in USA, the government took action against Apple's biggest competitor Huawei and it's possible they could do something similar for Tesla.
Ya I don't get it, TSLA is at huge all time highs so if you invest now you'll need the stock price to increase by $1000 to double your money which is an incredible amount. While with NIO you'll need it to reach $80 to double your money. Both companies are a risk especially coupled with rising inflation, TSLA arguably more so since they have much higher sales. NIO has sold 100,000 cars in half the time it took Tesla. They're beginning to sell cars in more countries and they're releasing a cheaper model to compete with their rivals. NIO are achieving all their goals and have a lot of investor interest and are expected to become profitable in 2023. Why risk losing your money for smaller potential gains and similar risk? Unless of course you're extremely wealthy and investing in TSLA to receive dividends.
 
thehighking said:
That's ridiculous in this context. Why would they hurt a company they depend on for reaching their climate goals? It's essential for China that a Chinese electric vehicle company is successful and China have already bailed out NIO when they were struggling. China can be a risk but certainly not with an EV company. The main unpredictable worry with NIO would be the trade war with America. America has delisted several Chinese companies so that is a real risk. Also the corporate power in USA, the government took action against Apple's biggest competitor Huawei and it's possible they could do something similar for Tesla.
Ya I don't get it, TSLA is at huge all time highs so if you invest now you'll need the stock price to increase by $1000 to double your money which is an incredible amount. While with NIO you'll need it to reach $80 to double your money. Both companies are a risk especially coupled with rising inflation, TSLA arguably more so since they have much higher sales. NIO has sold 100,000 cars in half the time it took Tesla. They're beginning to sell cars in more countries and they're releasing a cheaper model to compete with their rivals. NIO are achieving all their goals and have a lot of investor interest and are expected to become profitable in 2023. Why risk losing your money for smaller potential gains and similar risk? Unless of course you're extremely wealthy and investing in TSLA to receive dividends.
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<Huh2>
 
brackis1 said:
You realize there are existing laws that require Venmo and Paypal to report all accounts that meet certain transaction thresholds already right? It's the exact same premise.
You're far more likely to uncover coke laundering schemes with these new rules than be forcing a random fisherman into bankruptcy via "audit"
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You have a source on the Venmo reporting requirements? I’m pretty sure PayPal is like $20k and 200 transactions from a seller, a bit more than $600. You don’t even have to verify your account if you are sending less than $3k a week…

The whole premise is akin to the privacy laws abandoned with the Patriot act, but far worse. With an amount so low, nearly every person in America is subject to government surveillance, invasion of privacy and an easy claim by the government as a reason to investigate further. This single change gives the government carte Blanche to go after anyone with “reasonable” cause given that nearly everyone has multiple transactions like this.

For people appalled at stop and frisk, this is like putting government cameras inside people’s houses, unleashing millions of drug sniffing dogs on the streets, installing breathalyzers in every vehicle while requiring pat downs any time someone uses cash for payment. Why allow cash anymore at all if it can’t be tracked?
 
BIKES! said:
Why allow cash anymore at all if it can’t be tracked?
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Exactly. That’s the next step. First people gave up their gold for paper issued IOU’s now we’ll be giving up our paper issued IOU’s for virtual currency.

This will lead to passive aggressive eugenics. Anyone “unfit” for society will be void of making income hopefully wiping them from the gene pool. Of course they’re will always be a black market type virtual currency though so it’ll still balance all the attempts to make the human environment “perfect”
 
Amd with a huge move since my $100 adds. Let’s see if it continues after earnings today.
 
$23 limit order executed on AEHR. Taking more profits from my core holding.

Atlas Trading Group really pumping all this random shit. Always gives me a headache lurking their discord.
 
lmao let's add another 60 billion in value to Tesla sure sounds reasonable.
Short time

This is bringing forward a market crash into the next 12 months imo.
 
rob mafia said:
<Huh2>
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Lol whatever I think NIO has a much higher chance of reaching $80 than TSLA has of reaching $2000. It's my main investment but we'll see how it works out. Maybe Tesla balloons and NIO dies who knows.
 
thehighking said:
Lol whatever I think NIO has a much higher chance of reaching $80 than TSLA has of reaching $2000. It's my main investment but we'll see how it works out. Maybe Tesla balloons and NIO dies who knows.
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what the fuck are you even talking about? no idea why you're hung up on $80/2k

hint: double is double.

and you didn't even seem to address a single thing i mentioned.
 
lol this Jill from SLO Ventures on CNBC again spewing classic scamlord propaganda.
"I heard Elon Musk was promoting crypto earlier this week, but I don't even know what he said, so its not affecting the price and it's market forces"

So yes, it doesn't matter and you don't know what it was about...which is why you brought it up... <45>
 
Sad I didn't go short BYND more when it was sky high =[[[
 
Damn UPST falling hard; was too busy trading other shit and wasn't short today.
@Bry glad you got out.
 
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