Tuesday, March 10, 2020

Lowering taxes does not cause the national debt to increase.

As I continue to watch the young adults today flock to the "Free" agenda of many of the presidential candidates I wonder what generates such thinking.

Please remember, lowering taxes does not cause the national debt to increase. It is Government Spending that causes the National Debt to increase!

I suppose I can look back when I was young and did not like the fact I had nothing much in the sense of monetary worth and I resented those that had many possessions ( House, Boat, Summer Home, etc...).

The one thing that woke me up to the real world was when I received my first decent paychecks and was shocked at the amount of taxes that was taken out of my check. Not only the amount but how many different taxes comes out of a single paycheck.
I am always willing to pay my fair share but when you throw in all the other taxes it gets to be ridiculous. 
http://theeconomiccollapseblog.com/archives/a-list-of-97-taxes-americans-pay-every-year

So, all of you young folks that want the government to take care of you and raise the taxes even more you will lose in the long run. Why? because many of you at some point in your life will work hard for a living and some of you will also have children. Parental instincts will kick-in and you will want to provide for you family. In addition, when the politicians raise the "Death Tax" for most Americans there will be no money to leave you when your parents die. You would be wise to look at the big picture and realize you lose in the long run if you think "Big Brother" will take of you.

Sunday, March 01, 2020

Stock Market/Covid 19 - Februaury 2020


After last week's Stock Market crash I wonder where our 401K's, Pension Plans and Retirement Accounts would be today if it were not for all the great economic policies achieved in 2019?

Fox News -  Charles Payne also believes Bernie Sanders rise in Polls is also causing markets to get nervous. I tend to agree.