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Tue Dec 19, 2017, 11:21 PM

Did Chris van Hollen just say that 48% of stock owned by foreign investors? So $ goes abroad?

On Laurence O’Donnell. So middle class loses out big time, and wealthy investors abroad get the benefit?

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Reply Did Chris van Hollen just say that 48% of stock owned by foreign investors? So $ goes abroad? (Original post)
lostnfound Dec 2017 OP
elleng Dec 2017 #1
chillfactor Dec 2017 #2
greyl Dec 2017 #3
GreenEyedLefty Dec 2017 #4
PoindexterOglethorpe Dec 2017 #6
PoindexterOglethorpe Dec 2017 #5
Yavin4 Dec 2017 #7
PoindexterOglethorpe Dec 2017 #8
Wellstone ruled Dec 2017 #9
uponit7771 Dec 2017 #10

Response to lostnfound (Original post)

Tue Dec 19, 2017, 11:22 PM

1. Yes, a few years down the road.

I don't recall the numbers.

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Response to lostnfound (Original post)

Tue Dec 19, 2017, 11:24 PM

2. yes he did say that....

all money coming from the poor and middle class to fund foreign investors.

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Response to lostnfound (Original post)

Tue Dec 19, 2017, 11:34 PM

3. Trumps Tax Plan Gives $520 Billion to Wealthy Foreigners at the Expense of American Middle Class


If the plan passes through the Senate this month, foreigners will see more money than all middle-income households in the United States combined. That’s because foreign investors now own more than $6.5 trillion worth of U.S. equity and investment fund shares, and about 35 percent of all U.S. corporate stock, according to data from the Tax Policy Center. The GOP plan will lower corporate tax rates to 20 percent, benefiting foreign investors at the cost of at least $52 billion each year, or $520 billion over the next decade.

“This is a direct transfer of wealth from the American middle class to foreign investors,” Senator Chris Van Hollen, the Democrat from Maryland, told Newsweek. “It’s totally backwards. This provides a huge tax windfall to wealthy foreign stockholders, paid for by middle class American households.”



http://www.newsweek.com/gop-tax-plan-foreign-investors-middle-class-americans-726410

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Response to lostnfound (Original post)

Tue Dec 19, 2017, 11:39 PM

4. A huge percentage of US currency is abroad, too.

Economists estimate 2/3 of US $100 bills are held outside of the US.

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Response to GreenEyedLefty (Reply #4)

Tue Dec 19, 2017, 11:42 PM

6. That, I believe, is strongly tied to the drug trade.

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Response to lostnfound (Original post)

Tue Dec 19, 2017, 11:41 PM

5. Somehow I doubt that 48% of all stock is owned by foreign investors.

There's an urban myth out there that China holds most of U.S. debt, when in reality although they are the largest foreign entity to hold U.S. debt, they still own less than 10% of it.

Just based on that I find it highly improbably that 48% of all stock is owned by foreign investors.

Just based on the existence of 401k plans I can doubt that statistic.

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Response to PoindexterOglethorpe (Reply #5)

Tue Dec 19, 2017, 11:42 PM

7. Well, there are a lot of sovereign wealth funds out there.

Like Saudi Arabia. So, it may not be that far fetched.

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Response to Yavin4 (Reply #7)

Tue Dec 19, 2017, 11:58 PM

8. Perhaps.

But that number really feels like the claim that China owns most of U.S. debt, which simply isn't true.

In fact, doing a bit of online research shows that foreigners don't own anywhere near that much.

Just type into the Google: How much U.S. stock is foreign owned. And see for yourself.

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Response to PoindexterOglethorpe (Reply #5)

Wed Dec 20, 2017, 12:01 AM

9. Money as well as Stocks are

Fungible as anything can get. Most of the US debt is held is held via bonds issued to the Social Security Administration. Out standing Debt is held by Japan and Britain with China falling further behind. Believe the Saudi's hold more debt than China.

Banks and Hedge Funds are the largest holders of Stock. And yes,this is a world Economy and if one Doubts,pick any Major Stock and go to their Share Holder Pages and you will be surprised who owns that Stock.

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Response to lostnfound (Original post)

Wed Dec 20, 2017, 12:01 AM

10. Its only 27% but yeah, a good portion of the tax breaks for funds not repatriated go to foreig

... big money.

Welcome to Kansas

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