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http://laborcenter.berkeley.edu/california-is-working/

IMO, The next major *long-term* risk is going to be very different in nature because you have to go back to the 1920s to find something with a similar cause. People usually talk about wealth and income inequality as a social problem. It's also an economic problem. More inequality -> less...

Interesting to keep in mind that the tax cuts in 2009 gave a larger tax cut to 75% of families and way larger tax cut for the bottom 50% of families (compared to the Trump cuts). Those tax cuts in 2009 were going to be bigger but there was a huge obsession with the national debt at the time so...

This sounds like a money manager who says ?my performance was awesome. Just forget my largest position which was 15% of the portfolio and down 40%. The rest of the portfolio was up 2% so we did great. Don?t worry about the overall statement showing a loss.?

Another article along the same lines...http://www.sacbee.com/news/politics-government/capitol-alert/article188873719.html

I don?t think the RE impact is going to be big, but feels like a stretch to say it?s going to be a +ive. You have some buyers out there who justify spending a bit extra on their home (say 1.2M instead of 1.0M) partly because they can afford it but also partly because the extra tax deductions...

There will be no more personal exemptions either for those who itemize. For a family of 4, that?s a $16k deduction loss. Seems like there will be nothing left to itemize outside of 10k of prop tax, mid and charity. I can see a lot of Irvine people no longer itemizing deductions. If your...

There is no way you can call that fact. Talking heads on cnbc will say anything and tax reform sounds like the easy explanation but no one can know as fact exactly why. I think I already demonstrated why these Corp tax cuts aren?t that important to markets.  IMO the main reason is better than...

Lol. And Trump also told us he?s going to get ?killed? by this tax plan. Due to tribalism and the denigration of truth, most of his base will probably believe it.

The main thing you?re missing is only a minority of large corporates are full tax payers at the 35% level. The effective tax rate of large corporations is 24% because of all the deductions. So the cut is only 4% overall with some corporates paying more and some less. Yes, it?s a net tax cut of...

Thanks. But I think your claim is wrong. It is one-time. Either you have a one time capital gain where the stock goes from $100 to $105 or you have a one-time dividend increase of 5%. And 5% is best case. There are many offsetting factors that probably make the stock market impact minimal (low...

You're saying the same thing just expressed differently. S&P500 companies already have a market value around $23tril. If you increase their market value by $1.1tril, that is a 5% gain in stock market values. Edit: Also the post-trump run-up isn't due to corporate tax reform. It's more due to...

Not really. This tax cut will do almost nothing for the stock market... 1. $1.5tril in cuts over 10 years 2. $150bil in cuts per year 3. Assume 40% of the cut goes directly to S&P500 after-tax profits 4. $60bil per year in extra after-tax profits for the S&P500 5. S&P500 companies will already...

The tax cut is designed for large corporations, with the theory they will invest more and pay higher wages if their after-tax profits go up. Problem is, large corporations have had 50-year record high profit margins as well as record low borrowing costs for the last several years (ie the...

Density is too low. They should?ve built towers like 200 and 400 Spectrum Centers.

CA 45 Rep Mimi Walters is outright supporting. https://walters.house.gov/media-center/press-releases/tax-cuts-and-jobs-act-win-middle-class-and-american-enterprise November 2, 2017 Press Release November 2, 2017 (202) 225-5611 The Tax Cuts and Jobs Act is a Win for the Middle Class and...

What are people being quoted on new purchase jumbo loans? I?m being quoted 4.0% on purchase jumbo with a small .25% credit to offset closing costs. I can get this down with relationship pricing, but feel like banks aren?t very aggressive right now. I was quoted much better rates before even...

Amazon has a stock market cap of $500 billion. Why would they care about a few billion in incentives? The workers they attract will determine if they plateau and fade in a few decades like most big tech (after bezos is gone) or if they?re the exception that can turn into a 1-2 trillion mkt cap co.

My money would be on #1 Boston or #2 Chicago. It?s all about the talent. Incentives are just a bonus. Everyone else is a dark horse. I think Austin and New York have legit shots. Irvine or LA possible too. Atlanta has no shot at all.

I'd like to consult an attorney to see if the added complexity of a trust is worthwhile and to understand the options better. Goal is to minimize taxes and protect assets. It may be for more than 1 home. I've seen a lot of this can be done on legal zoom.