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Shares began to plunge immediately, eventually bottoming at a 52 percent loss by about a month.
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The Dow plunged 39 percent between October 23 and November 13, 1929, but it regained 74 percent of that loss by March 1930.
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In 2011, it focused on restructuring, which helped reduce its operating loss by 24 percent.
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According to the Medicare Trustees, Medicare payment reductions under the new law will cause hospitals, nursing facilities, and home health agencies to operate at a loss- 15 percent lose money by 2019, 25 percent by 2030, and 40 percent by 2050.
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And the plan has ambitious goals, including a reduction of the six income tax rates we have today to just two 10 percent and 25 percent with the revenue loss offset by an expansion of the tax base.
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So let's just be -- let's remind ourselves that if you've got an economy suddenly contracting by 6 percent, or a loss of trillions of dollars of wealth basically in the blink of an eye, or home values descending by 20 percent, that that's going to create a whole lot of uncertainty out there in the business environment and among families.
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Tech heavy NASDAQ suffered a bigger loss of 2.9 percent, dragged down by Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN), and PC related stocks like Intel (NASDAQ:INTC), and Advanced Micro Devices (NASDAQ:AMD).
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One of the simplest ways would be to eliminate payroll taxes, which would lower the cost of labor in the US by roughly 17 percent and offset that loss of revenues with taxes on materials, energy, pollution, and land.
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The Kauffman Foundation published a report in support of this analysis earlier this year, claiming the initiative would boost annual startup equity activity by 50 percent more than the annual revenue loss to the Treasury.
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"No doubt, there's one here and one there, but lots of people have been impacted seriously by economic loss -- 99.9 percent are going to cope, " he says.
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