@AverageJoe1 personally, I think AI and all related technology is and will continue to be a driving force in the Market. Assuming Trump doesn't launch us into a nuclear WWIII by allowing Putin to invade NATO members like Poland, AI will continue to expand. Heads of state are hiring NVIDIA to create sovereign AI systems for their countries. AI is revolutionizing scientific research, and industry especially in countries outside of our own. Trump has destroyed our leadership in scientific research. The talent is fleeing to foreign countries. Quantum computing will launch the next major surge in technology within 5 years. Investors are eager to snap up all things AI in the hopes of getting rich. I am heavily invested in AI and although material luxuries do not turn me on, I wouldn't mind increasing my wealth. However, AI is also an existential threat to humanity. Developing effective guardrails may be impossible. For now greed, not fear, is driving the market in my humble opinion.
"Nvidia’s (NASDAQ:NVDA) market power continues to expand, underscoring its place among the most dominant forces in global finance. The semiconductor leader now commands a market capitalization of $4.5 trillion, a level that places it firmly ahead of its corporate peers. To put that in perspective, Nvidia’s valuation is about $1.5 trillion higher than the combined market caps of all 2,000 companies in the Russell 2000 index (RTY). The comparison highlights not only the company’s staggering size, but also the widening divide between mega-cap technology firms and the broader small-cap universe." Seeking Alpha
@sh76 saidSo, almost 40 years later, with our low taxes on the rich, our young adults unable to purchase a starter home, rows of tents full of homeless all over our cities, insane people walking the streets, the return of plague, measles, and polio, ever increasing deficits, the never ending attacks on education and the most unapologetically greedy President in US history…would you say that “that other malfunctioning corporation called the U.S.A” has been “saved” by four decades of greed? After all your taxes are lower than they were in the 80s and 90s!
Yup; and that's a good thing.
https://www.youtube.com/watch?v=OHnZi87272U&t=92s
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@AThousandYoung saidI wouldn't call the federal tax schedule on a million dollar income "low".
So, almost 40 years later, with our low taxes on the rich,
How much do you pay?
The federal tax rates for a million dollar income in 2025 are as follows:
10% on income up to $11,600.
12% on income from $11,601 to $47,150.
22% on income from $47,151 to $100,525.
24% on income from $100,526 to $191,950.
32% on income from $191,951 to $243,725.
35% on income from $243,726 to $609,350.
37% on income over $609,350.
@Cliff-Mashburn saidBack when America was great we had top tax rates of 90%
I wouldn't call the federal tax schedule on a million dollar income "low".
How much do you pay?
The federal tax rates for a million dollar income in 2025 are as follows:
10% on income up to $11,600.
12% on income from $11,601 to $47,150.
22% on income from $47,151 to $100,525.
24% on income from $100,526 to $191,950.
32% on income from $191,951 to $243,725.
35% on income from $243,726 to $609,350.
37% on income over $609,350.
@AThousandYoung saidhttps://www.urban.org/sites/default/files/publication/59856/1000459-A-Brief-History-of-the-Top-Tax-Rate.PDF
Back when America was great we had top tax rates of 90%
