California’s Wealth Tax Arrives

Discussion in 'Wall St. News' started by ajacobson, Jan 11, 2024.

  1. VicBee

    VicBee

    I wish but we're the renters...:(
    I drive a scooter, much easier to get around because traffic can be debilitating even with entry car prices starting at 140k..:confused:
     
    #21     Jan 13, 2024
    murray t turtle, ironchef and TheDawn like this.
  2. ironchef

    ironchef

    And you forgot the VAT. It is invisible but more than our sales tax.
     
    #22     Jan 13, 2024
    murray t turtle likes this.
  3. TheDawn

    TheDawn

    :(
     
    #23     Jan 13, 2024
  4. ironchef

    ironchef

    I don't understand why they own cars. Transportation is so inexpensive, even for taxis. My taxi fare from airport to my downtown hotel was < $20 (2019).

    MRT and buses are so efficient, every time I visited I almost never use taxis or private transportations, even from the airport to my hotel.
     
    #24     Jan 13, 2024
    murray t turtle likes this.
  5. VicBee

    VicBee

    Yes, their transportation system is very good, at least the MRT (metro) which they're expanding. But it's quite slow compared to a scooter. What takes me 15 mn to reach takes 45 mn by public transport. We cab everywhere for the convenience, rather than walk 15 mn to the nearest MRT station. Remember, Singapore is 85F and 90% humidity... Walk 15 mn and you are soaked, then freeze in over aircond train before hitting the heat again... Guaranteed sick!

    As for owning cars, it's both convenience and status symbol. A 200k luxury car is 480k here - the price of an entry level government subsidized apartment-, yet they're everywhere. Walk parking lots and you'll see pink Bentleys, a few exotics (Lambo, Maserati, Ferrari..), special edition M series, unique Porsche... It's a permanent car show.
     
    Last edited: Jan 13, 2024
    #25     Jan 13, 2024
    murray t turtle, ironchef and johnarb like this.
  6. ironchef

    ironchef

    That explains why some Singaporeans who moved to SoCal, who obviously are only middle income, all drive MBZ, BMW & Porsche, something they could never afford if they stay in Singapore.
     
    #26     Jan 13, 2024
    murray t turtle and VicBee like this.
  7. %
    INTERNET SAYS 48%;
    Wikipedia say SAYs 38% voted against Newsom/58% turn out. So/ not sure of exact #'s.
    You maybe right; I'm probably biased for Mr Elder/ he wrote for IBD Newspaper.
    And gave a good rebuke against biden'$ attempted phony debt forgiverness= ''reparations for white rich kids ''LOL:D:D
     
    #27     Jan 22, 2024
  8. %%
    AUTOs are about the worst depreciating asset around.
    I like what the banker Mr John Morgan said , even though he made plenty of auto loans LOL.
    ''The purpose of an auto, is to get from point a to point b'' -banker John Morgan.
    Personally, i like what Sam Walton drove, an old ,very old Ford pick truck with quail dog cages in truck bed.
     
    #28     Jan 23, 2024
  9. Pekelo

    Pekelo

    This is an excellent quote about the Federal budget. :)
     
    #29     Jan 23, 2024
    murray t turtle likes this.
  10. %%
    AMAZING, CA helped produce a tax cutter like Gov/Pres R Reagan.
    Critics said ''he is an actor,'' ok but a good/ wise actor.
    $50 millions seems super excessive for CEO pay, but maybe it takes that, to put up with the golden geese goofy regulators LOL:D:D
     
    #30     Jan 23, 2024