Tax cut for the rich. What a dumb saying. When in fact anyone with a paycheck got a cut.
Anyone who own stock has capital gain cut. Now if you don't own any or don't work. Which would be incredible since there have NEVER EVER been a time of lowest unemployment ever. Just 2 years in. Trillion are coming home. You don't need tax havens. Or loopholes. We were headed to this now it is in reverse. POLICY NOT MEN.. 5. Lower profits leads to lower Federal Tax revenues.
6. Lower Federal tax revenues in the face of increased Federal spending causes geometric, not arithmetic, rises in the US Federal Budget deficit. This is also true for cities & States as it is for the Federal government.
7. The increased US Federal Budget deficit in the face of a US Trade Deficit increases the US Current Account Deficit.
8. The US Current Account Balance is the speedometer of the money exiting the US into world markets (deficit).
9. It is this deficit that must be met by incoming investment in the US in any form. It could be anything from businesses, equities to Treasury instruments. We are already seeing a fall off in the situation of developing nations carrying the spending habits of industrial nations; a contradiction in terms.
Comments
Post a Comment