BeechTalk - BT - Aircraft inventory levels are critically low.

Username Protected · **Posted:** 08 Nov 2021, 11:21

Wait...you live in Idaho, own a Meridian and a Super cub?

:coffee:

Username Protected · **Posted:** 08 Nov 2021, 11:24

Username Protected wrote:

Wait...you live in Idaho, own a Meridian and a Super cub?

:coffee:

Yes. The Super Cub. Perfect plane in Idaho. Although I'd love 40 more knots? Scout maybe. We could thread drift even more on this topic. Come visit.

Username Protected · **Posted:** 08 Nov 2021, 11:33

Placed this comment over in the investing thread. But it is also relevant to (part of) this thread. It relates to the effect on the stock market on taking money out of the market.

https://www.beechtalk.com/forums/viewtopic.php?f=5&t=120770&p=2980483#p2980483

It would be interesting if this also applies to the airplane market. It works both ways.

(No subscription to the WSJ? Get one.)

Username Protected · **Posted:** 08 Nov 2021, 12:46

Username Protected wrote:

Wait...you live in Idaho, own a Meridian and a Super cub?

:coffee:

Yes. The Super Cub. Perfect plane in Idaho. Although I'd love 40 more knots? Scout maybe. We could thread drift even more on this topic. Come visit.

Username Protected · **Posted:** 08 Nov 2021, 12:49

Username Protected wrote:

I will. my Skywagon sounds a like just the ticket! 29er's or 850's?

26" actually. It's time for some new ones so I'm looking at my options. Skywagon is a great plane and very popular here. Want to sell?

Username Protected · **Posted:** 08 Nov 2021, 13:13

Username Protected wrote:

I will. my Skywagon sounds a like just the ticket! 29er's or 850's?

26" actually. It's time for some new ones so I'm looking at my options. Skywagon is a great plane and very popular here. Want to sell?

Username Protected · **Posted:** 08 Nov 2021, 13:17

Username Protected wrote:

Ha. Well not unless I have to pay tax on the increase in value given this crazy market, plus the following which are in process 1) Carbon Fiber interior from Aerospace Industries, 2) factory reman Io550 and 3) a reversible prop

Btw with a name like Chavez you have to embrace “fair share” pov no? :lol:

Wow. What does my name have to do with that???

Username Protected · **Posted:** 08 Nov 2021, 13:21

Username Protected wrote:

Ha. Well not unless I have to pay tax on the increase in value given this crazy market, plus the following which are in process 1) Carbon Fiber interior from Aerospace Industries, 2) factory reman Io550 and 3) a reversible prop

Btw with a name like Chavez you have to embrace “fair share” pov no? :lol:

Wow. What does my name have to do with that???

Username Protected · **Posted:** 08 Nov 2021, 13:23

If Jeff Bezos paid $973 million in taxes on $4.22 billion of income in 2014-2018, that's an effective rate of 23%. Or did I mis-read the earlier post? Anyway, I'd STILL take an effective federal tax rate of 23% as mine is over 30%... The top 2% of income earners in this country pay well over 50% of all income taxes; even Bill Maher understands that. And notice that nobody ever says what the "fair share" actually is ... its always MORE. Like the lyric in Fortunate Son: "And when you ask 'em, "How much should we give?" They only answer, "More, more, more..."

Especially when tax revenue is at an all-time high the whole thing is ridiculous...

Anyway, back to your regularly scheduled programming about aviation ...

Username Protected · **Posted:** 08 Nov 2021, 13:30

It's Monday and inventory levels are still at all time lows!

Username Protected · **Posted:** 08 Nov 2021, 14:16

Username Protected wrote:

The taxation of unrealized gains is exactly what Real Estate taxes is based on. You are paying tax on some estimated market value of your property year after year. You have not yet received the cash from that gain in value but you are certainly being taxed on it.

We pay income taxes to finance the operation of the country. When certain individuals and business entities can reap great rewards or live lavish lifestyles without having to pay one cent towards the cost of running the country, there is a problem. When the 55 largest U.S. Corporations pay zero in Income Taxes, yet my ninety year old mother who lives on Social Security and a modest pension pays several thousand dollars per year in Income Tax, there is a problem.

Could it be possible that the wealthiest Americans and most profitable business entities obtained their wealth by taking advantage of ordinary citizens and that one role of our government is to level the playing field through the redistribution of wealth? I remember an Economics professor of mine talking about this very subject long ago.

Maybe if our Middle Class was as prosperous as it was in the 1960s and 1970s, there would be more demand, production and sales of light aircraft. Maybe there would be more Flight Training and aircraft rental activity. Maybe our Insurance Rates would be lower as the pool of aircraft and Pilots would be much larger. Maybe…

Conflating several different issues....

Disagree that unrealized capital gains should be taxed... it is fundamentally crazy. While we are at it, let's value everything that someone owns and tax that value each year. Where does it stop?

Agreed that there need to be some sort of regulatory fences that ensure that large corporations pay some sort of tax.

Disagree on the "taking advantage of". Don't like something? Don't buy it.

Agree on the middle class problem. But that is a problem related to globalization and off-shoring of jobs. Criminal.

The problems to which you refer in terms of large corporations, and stagnation of middle-class income are real, but you are not going to solve them with more taxes.

Username Protected · **Posted:** 08 Nov 2021, 14:16

Username Protected wrote:

The tax laws of our country are egregious in their politicization.

I've not read one comment here that shows the least understanding of the real issues.

Don't worry, I'm not going to try to educate anyone.

You should just know that you don't know.

Jg

Please, enlighten us O Muse of the Monetary world...

Username Protected · **Posted:** 08 Nov 2021, 14:25

Username Protected wrote:

It's Monday and inventory levels are still at all time lows!

You must not have seen the 73 creme puffs that just came on the market in Africa.

The market will be flooded now

https://www.google.com/amp/s/www.busine ... ew=htmlamp

Chip-We thought you were on top of things!

Username Protected · **Posted:** 08 Nov 2021, 16:27

Here's an idea:

If you want to have the same gains and losses as the extreme wealthy, then buy stock in their companies.

We have a system that allows you to do that. Isn't that an amazing thing? Anybody, literally anybody, can buy a piece of a company and enjoy the increase in value that potentially brings.

If you had bought $10,000 of TSLA in 2010, it would be worth $3M today.

If you had bought $10,000 of AMZN in 1997, it would be worth $20M today.

Now we can tax YOU for holding that much wealth and not paying your fair share, you sleazy lazy tax evading multimillionaire!

Mike C.

Username Protected · **Posted:** 08 Nov 2021, 16:39

Username Protected wrote:

Tax the holdings of billionaires will backfire. This will require them to sell stocks to the general public to raise the cash to pay the tax bill. The fact the main guy is selling his stock will lower the perception of value of the stock. Say Elon Musk dumps a chunk of SpaceX or Tesla. The general public who hold that stock will see a value lost.

TSLA opened 6% lower this morning versus Friday's close simply on the possibility Musk might sell 10% of his holdings.

That was a loss of $75B in value, 80% of that was for people not named Musk.

If he said he was cashing out 100% of his interest in TSLA, the stock value would plummet to near zero.

Simply put, Musk can't convert his "wealth" into "cash". If he tries, the value evaporates, and that's mostly for people not named Musk.

People who hold huge equity positions really can't do much with it. Conceptually they have this huge asset, but in reality, since their position moves markets unlike the retail investor, it is an unrealizable figure. It essentially isn't liquid. At best they can sell a few shares here and there over time, but even that gets noticed.

Mike C.