You're not worried about inflation at all? I am not proponent of the Fed at all; but it's not like they are hiking rates to some ridiculous economy choking level. There has to be some concern over inflation, or do you suggest we engage in the same currency manipulation tactics as others to try and curb it?
Right now I see Inflation as a fear based tactic to curb the economy. Which is fine but Im not worried, I see many emerging markets just ready to kick ass. The future is very bright once we get over the old system of banking and more people begin to see the light of the coming Golden Era. Cryptos are just the beginning.
I see the next generations wanting to get back to real labor. But this time they will be doing labor with the assistance of amazing human innovation. People will be living with more independence, relying on their own energy and financial sources. And most importantly less Govt.
Respectfully, I see it going the complete opposite way. I am in your corner on this one Bally, but I only see people getting lazier and more tech reliant for even the most basic tasks. A generation that won't get up to change a light switch is not going to get out there and create their own energy, food and independence. But I hope you're right.
I'm still curious to see what happens with the tax cuts. So far I have seen zero impact in my life. I got a 3% cost of living raise in January but that is nothing compared to what my employer stands to gain. That shit better start tricking the fuck down, and soon!
Trickle down (Reaganomics) economics is one of the worst lies perpetuated in economic theory. The human condition, greed, is its one fatal flaw.
I hear you. Trump does plan to have a 2nd and 3rd segment to his tax cuts. Next one should come before the end of the year. The children deductions help me out quit a bit.
Both mine and my wife’s paychecks are a little bigger since they passed the last tax cut. Looking forward to the next round which is going to be better for the middle class, and a good chance it gets made permanent.
Your employer is taking all the risks, thereby has more to lose. If you want the opportunity to earn more, take the same risks and create your own corp, LLC, etc., becoming his competitor.
^^excatly why Trickle Down doesn't work, that mentality. Everyone can't be a business owner, the economy needs worker bees too. Unless immigrants are going to fill those voids lol
That's where you have it wrong. Business owners are workers, too. As a matter of fact, we must put in twice if not three times the hours our employees/subcontractors do.
I'm well aware how hard business owners work, but if a company wants to grow it needs worker bees. One person can't do everything. I am sure Bezos can do 95% of the jobs at Amazon better than the person doing it, but is that an effective use of his time? Again, a good economy needs healthy middle class i.e. working class.
OK so "trickle down" is irrelevant and if I want a piece of the pie the only way is to start my own company... got it.