The Rich Are Selling Stock at a Record Pace Ahead of Potential Tax Increases

the street2021-12-15

Tesla' (TSLA) Elon Musk wasn't the only tech bro billionaire cashing out of the stock market amid record highs in 2021 with Facebook/Meta (FB) founder Mark Zuckerberg and Amazon founder Jeff Bezos ...

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慢的老人
2021-12-15
慢的老人
I thought these guys sponsored the Democrats and endorsed their "Tax The Rich" policies?
SSVC
2021-12-15
SSVC
Hmm.. Appreciate your response and comments Thanks
LittleTiiger
2021-12-15
LittleTiiger
Please like & have a great day ahead [Smile]
- ALai:
  k
- Stchua:
  👌
NRN
2021-12-15
NRN
HODL
c86cecc
2021-12-15
c86cecc
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They’re looking at the market and saying, ‘We’re at the top of the market,\" Elizabeth Sevilla, a partner at Seiler LLP, an advisory firm based in the San Francisco Bay area, told Bloomberg.\n\n\n\n\nThe richest Americans have sold nearly $43 billion in stock through the start of December collectively, more than double the $20.2 billion sold in all of 2020, according to the Bloomberg Billionaires Index.\n\nMusk and Zuck Cash in\n\nMusk, who sits atop the list with a personal fortune of $253.6 billion, has sold $12.7 billion in Tesla stock. It's the first time he's sold stock since 2016. 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It's a big driver of how they plan,\" said Andrew Mies, 6 Meridian founder and chief investment officer, on Yahoo Finance Live.\n\nMies said that a move in individual tax rates from 37% to 39% would not be that significant, but other increases would be.\n\n\"But the move in the corporate tax rate and the long-term capital gains tax rate, if that were to move from the low 20s currently to the marginal tax rate, that would be a significant driver of investor behavior and I think that you could see a lot of people starting anticipatory selling to lock in things they feel are pretty fully valued,\" Mies added.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":607264097,"gmtCreate":1639549038580,"gmtModify":1639550322272,"author":{"id":"3582028884093480","authorId":"3582028884093480","name":"慢的老人","avatar":"https://static.tigerbbs.com/d8809bb976396889eb133162af0901b8","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3582028884093480","authorIdStr":"3582028884093480"},"htmlText":"I thought these guys sponsored the Democrats&nbsp;and endorsed their \"Tax The Rich\" policies?","listText":"I thought these guys sponsored the Democrats&nbsp;and endorsed their \"Tax The Rich\" policies?","text":"I thought these guys sponsored the Democrats and endorsed their \"Tax The Rich\" policies?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607264097","repostId":1166098375,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":607667639,"gmtCreate":1639534372416,"gmtModify":1639534384942,"author":{"id":"3574906731000207","authorId":"3574906731000207","name":"SSVC","avatar":"https://static.tigerbbs.com/545a5ea462ff4ac7cc100bd3d8d97f72","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3574906731000207","authorIdStr":"3574906731000207"},"htmlText":"Hmm.. Appreciate your response and comments Thanks&nbsp;","listText":"Hmm.. Appreciate your response and comments Thanks&nbsp;","text":"Hmm.. Appreciate your response and comments Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607667639","repostId":1166098375,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":607605296,"gmtCreate":1639529983010,"gmtModify":1639529983146,"author":{"id":"4099441812800880","authorId":"4099441812800880","name":"LittleTiiger","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"4099441812800880","authorIdStr":"4099441812800880"},"htmlText":"Please like &amp; have a great day ahead [Smile]&nbsp;","listText":"Please like &amp; have a great day ahead [Smile]&nbsp;","text":"Please like & have a great day ahead [Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/607605296","repostId":1166098375,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6986193,"gmtCreate":1639531378974,"gmtModify":1639531379063,"authorId":3573337026471036,"author":{"id":3573337026471036,"idStr":"3573337026471036","authorId":3573337026471036,"name":"ALai","avatar":"https://static.tigerbbs.com/d7603bc0541524e581c6013e44dbc73c","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":607605296,"type":1,"supId":0,"prevId":0,"content":"<u>k</u>","text":"<u>k</u>","html":"<u>k</u>"},{"id":6985955,"gmtCreate":1639530706221,"gmtModify":1639530706317,"authorId":3586774718687945,"author":{"id":3586774718687945,"idStr":"3586774718687945","authorId":3586774718687945,"name":"Stchua","avatar":"https://static.tigerbbs.com/9c6da38be819096178bf3d64e02165e0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":607605296,"type":1,"supId":0,"prevId":0,"content":"👌","text":"👌","html":"👌"}],"langContent":"CN"},{"id":607609769,"gmtCreate":1639529469244,"gmtModify":1639529469710,"author":{"id":"3563581390514944","authorId":"3563581390514944","name":"NRN","avatar":"https://static.tigerbbs.com/3561ad0f76bae7ec1e64062bc70f0207","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3563581390514944","authorIdStr":"3563581390514944"},"htmlText":"HODL&nbsp;","listText":"HODL&nbsp;","text":"HODL","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607609769","repostId":1166098375,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":607609560,"gmtCreate":1639529457272,"gmtModify":1639529457425,"author":{"id":"3574926290820486","authorId":"3574926290820486","name":"c86cecc","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3574926290820486","authorIdStr":"3574926290820486"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607609560","repostId":1166098375,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":154,"commentSize":5,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1166098375"}