Wall St For Main St: Why Taxes On Americans Are Guaranteed to Increase
Jason Burack of Wall St for Main St did a short personal finance video about how it will be very difficult to save going forward because of increasing inflation and taxes.
Articles mentioned in the video:
- Why Social Security Payroll Taxes May Go Up 32% in the near future
http://www.forbes.com/sites/kotlikoff/2016/07/17/social-security-just-ran-a-6-trillion-deficit-and-no-one-noticed/#5318900a58a4 - Why Massively Underfunded State Pension Funds Will Lobby Their State Legislature to Increase Taxes to Make Up Pension Fund Shortfalls
http://www.cnbc.com/2016/08/25/state-pension-fund-gap-to-top-1-trillion.html - Trump promises 15% small business tax cuts
http://dailycaller.com/2016/09/06/hillary-clinton-youre-no-john-f-kennedy/ - Full List of Hillary's Planned Tax Increases from non-political Americans for Tax Reform
http://www.atr.org/full-list-hillary-s-planned-tax-hikes - Google Search for more articles on Hillary Clinton's Tax Increases
https://www.google.com/search?q=hillary+clinton+tax+increase&ie=utf-8&oe=utf-8
This channel has immense value and everyone should go check it out. The education and information provided by Jason and Mo cannot be found anywhere else. Their vast historical knowledge and analysis of market undulations are incredible. Highly reccomended listening to any market participant as well as sound money advocates. I've learned so much personally from those guys!!
Thank you for the kind words. Im glad you enjoy our work.
When combined with the prospect of a cashless society, negative interest rates and a fairness tax will ensure no revolt can be funded and will only exist in the minds of men going forward...
Great point. Government is slowly coming around to cryptocurrency because they realize the benefits now. A cashless society.
We need to broaden our thinking about taxation and spending. The "monetary scientists" at the Fed are administering a system of fiat money creation in which taxes are not even necessary to finance government expenditures. Politicians have a choice: Any government program can be financed either through the constitutionally mandated system of taxation and legislative appropriation OR through money conjuring and inflation. Both methods of revenue collection work equally well. Fighting about specific taxes, deductions, subsidies and rates is important, but misses the point, when politicians and bankers have the option of bypassing the constitutional mechanisms in their entirety and achieving the same result.
I dont think it is a good idea for the government to have any control over the economy. Central planning economic has caused boom and bust in the economy more frequently now and that is due to their reckless fiscal and monetary policies.