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Home > Analysis and Commentary, Business, Canada, Economy, Legislation, Manufactured Home Communities, Manufactured Housing Industry, News, research, Stocks, Trends > Bloomberg’s Reality Check for Senator Warren’s and AOC’s Tax Plans, Plus MH Market Updates

Bloomberg’s Reality Check for Senator Warren’s and AOC’s Tax Plans, Plus MH Market Updates

January 25th, 2019

CNNmoney12.25.2019ManufacturedHomeStocksMarketsReportsMHProNewsAs longtime readers of the Daily Business News on MHProNews evening market reports know, we curate content and input that crosses the left-right divide. We’re pragmatic, as well as idealistic in thinking that the largely artificial barriers that keep manufactured housing from achieving the pledged 500,000 shipments that MHI President Richard ‘Dick’ Jennison has said is achievable can be breached.  On a day when the vast majority of manufactured home industry connected tracked stocks rose, we’ll look this evening at left-of-center Bloomberg’s reality check on the new tax plans being floated by Democrats.

 

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline report is found further belowafter the newsmaker bullets and major indexes closing tickers.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.  Headlines – at home and abroad – often move the markets.  So, this is an example of “News through the lens of manufactured homes, and factory-built housing.” ©

Part of this unique evening feature provides headlines – from both sides of the left-right media divide – which saves busy readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

This is an exclusive evening or nightly example of MH “Industry News, Tips and Views, Pros Can Use.” © It is fascinating to see just how similar, and different, these two lists of headlines can be.

Want to know more about the left-right media divide from third party research?  ICYMI – for those not familiar with the “Full Measure,” ‘left-center-right’ media chart, please click here.

 

FoxCNNBloombergCNBCLeftRightMEdiaDivideManufacturedHousingIndustryNews

 

Select bullets from CNN Money…

  • Walmart is giving its truck drivers a raise
  • The megachain will now pay drivers an average of almost $90,000 a year
  • Hedge funds assets plunged by $88 billion in 2018
  • ‘Feel the fear’: Climate change is now the talk of Davos
  • Trust is the new buzzword in Davos. Here’s why
  • Teen activist tells Davos elite they’re to blame for the climate crisis
  • BuzzFeed lays off dozens of journalists in its news division as the media outlet restructures
  • Media industry loses about 1,000 jobs as layoffs hit news organizations
  • Pentagon probes whether Amazon improperly hired defense department employee
  • Dow, Nasdaq notch five-week win streak
  • YouTube says it will crack down on recommending conspiracy videos
  • The threat of recession is clouding the view of companies and analysts
  • Review: HBO documentary pays tribute to newspapers in their heyday
  • The fastest way to pay off $10,000 in credit card debt
  • Why Davos was so gloomy: 2019 is impossible to predict
  • How to know what it’s really like to work at a company
  • Nissan gives a glimpse of future electric cars
  • Ex-NFL player Tiki Barber now invests in pot
  • Marlboro owner Altria invests $1.8 billion in cannabis company Cronos
  • More big consumer companies will bet on pot this year
  • Cannabis company says CBS won’t air its Super Bowl ad
  • The world’s biggest beer company is looking at making cannabis drinks
  • You got a bad performance review. Now what?
  • How to pull yourself out of a work rut
  • 7 signs you’ve outgrown your job
  • What to do when you don’t get along with your boss
  • Why it’s so hard to get dressed for work

Select Bullets from Fox Business

  • Walmart is giving its truck drivers a raise
  • The megachain will now pay drivers an average of almost $90,000 a year
  • Hedge funds assets plunged by $88 billion in 2018
  • ‘Feel the fear’: Climate change is now the talk of Davos
  • Trust is the new buzzword in Davos. Here’s why
  • Teen activist tells Davos elite they’re to blame for the climate crisis
  • BuzzFeed lays off dozens of journalists in its news division as the media outlet restructures
  • Media industry loses about 1,000 jobs as layoffs hit news organizations
  • Pentagon probes whether Amazon improperly hired defense department employee
  • Dow, Nasdaq notch five-week win streak
  • YouTube says it will crack down on recommending conspiracy videos
  • The threat of recession is clouding the view of companies and analysts
  • Review: HBO documentary pays tribute to newspapers in their heyday
  • The fastest way to pay off $10,000 in credit card debt
  • Why Davos was so gloomy: 2019 is impossible to predict
  • How to know what it’s really like to work at a company
  • Nissan gives a glimpse of future electric cars
  • Ex-NFL player Tiki Barber now invests in pot
  • Marlboro owner Altria invests $1.8 billion in cannabis company Cronos
  • More big consumer companies will bet on pot this year
  • Cannabis company says CBS won’t air its Super Bowl ad
  • The world’s biggest beer company is looking at making cannabis drinks
  • You got a bad performance review. Now what?
  • How to pull yourself out of a work rut
  • 7 signs you’ve outgrown your job
  • What to do when you don’t get along with your boss
  • Why it’s so hard to get dressed for work

 

Today’s markets and stocks, at the closing bell…

9MarketIndicatorsYahooFinance12.25.2019DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue12.25.2019DailyBusinessNewsStocksMarketsDataReportsMHProNews

 

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

BloombergRealityCheckSenatorWarrenAOCsTaxPlansPlusMHMarketUpdates

Before diving into this evening’s analysis, it is worth noting that the talk of multi-billionaire Michael Bloomberg diving into the 2020 Democratic primary field is rising. From within Bloomberg’s organization, which includes his news media unit that inspired tonight’s analysis, the question of what happens to Bloomberg media is weighing heavily.  If the Democratic presidential nomination hopeful dives into the 2020 fray, will he sell or spin off Bloomberg news?

We’ll keep an eye on that and more, as they provide our evening tracked stock recap.

Now, our featured headline topic.

If Democrats want the wealthy to pay more into the U.S. Treasury, they’ll need to contend with one fact: the rich are very good at dodging taxes,” said Bloomberg’s business news unit.

The top 0.1 percent have become expert in shifting and re-labeling their income in response to tax incentives. That skill is why some on the left are proposing blunter tools to tackle inequality. Massachusetts Senator Elizabeth Warren, who’s exploring a run for president, is proposing a wealth tax, a 2 percent annual levy on fortunes of more than $50 million and a 3 percent tax on the assets of billionaires,” they said today.

 

 

Newly minted Democratic socialist Representative Alexandria Ocasio-Cortez (AOC) from New York have suggested hiking income tax rates, especially on the top earners.

There’s an element, yeah, where people are going to have to start paying their fair share,” Ocasio-Cortez told Anderson Cooper on “60 Minutes” on Jan. 6. “Once you get to the tippy tops, on your 10 millionth dollar, sometimes you see tax rates as high as 60 or 70 percent.”

That type of rate, in the U.S., France or other nations, has routinely driven wealth overseas.  Here’s how the left-of-center Bloomberg put it.

But new research on the U.S.’s largest fortunes shows that simply raising marginal income tax rates may not move the needle on inequality. Any proposal aimed at the wealthy will need to compete against the clever and complicated techniques that rich Americans can deploy.

The lesson is that the details are going to matter a lot,” said Eric Zwick.  He’s an associate professor at the University of Chicago Booth School of Business, and co-authored the study with three other economists, including the Treasury Department’s Matthew Smith. “You have to enforce the rules and keep track of people and how they’re changing the nature of their income in response to the rates.”

You can read their full analysis here.

But the bottom lines are these.  Such rates are counterproductive, as record revenue pouring into the U.S. Treasury from tax cuts and repatriation demonstrate.

Related Reports:

Not Just Income Tax, Warren Pitches Wealth Tax On Assets, Plus MH Market Updates

 

Will Current Political Currents Lead to a Top 70 Percent U.S. Tax Rate in 2021?

 

 

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

 

12.25.2019DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

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Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.


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