Today, you can lend $10,000 to the U.S. government, which just closed its books for the year with a deficit of almost $1 trillion, and lock in an income stream of about twelve dollars per month for the next decade. That’s enough to treat yourself and the wife to a couple of Big Macs once a month. But if McDonald’s keeps raising prices, a couple of years from now, you may need a buy-one-get-one coupon to treat the wife. The interest payments on government bonds are fixed, and are so tiny today they don’t even keep pace with the massaged inflation numbers reported by the Labor … [Read more...]
Archives for November 2019
Your Retirement Life Under Democrats Would be Tragic
If you think the Dems are only after billionaires (and I know you don’t) then think again. Here you get a look at how they’d treat an estate worth $3.5 million, which will cast a huge net capturing savers like you. Anna Sulkin writes at WealthManagement.com: Rep. Jimmy Gomez (D-Calif.)recently introduced legislation, For the 99.8% Act (the Act), aimed at lowering the estate tax exemption amount and increasing the tax rate for some of the wealthiest Americans. The Act is identical to the legislation introduced by Sen. Bernie Sanders (I-Vt.) earlier this year. Under the Act, estates would … [Read more...]
New Update! Ken Fisher Won’t Take No for an Answer
“We ended ours a long time ago. It was a disaster from day 1,” a reader wrote to me recently. Then there’s this: “The hard-selling was relentless, even infuriating, prospective customers said,” explains Janet Lorin at Bloomberg. “Marketers called homes, spammed work email and impersonated friends, colleagues, and government officials.” The Bloomberg article continues: “CALLS REPEAT EVERY DAY. I SUBMIT A COMPLAINT EVERY DAY. NO CORRECTIVE ACTION TAKEN. WHAT CAN I DO???????????????????,” a resident from Waterford, Pennsylvania, wrote in a July 2016 email. Would-be clients were … [Read more...]
Warren’s Tax Plan to Pay for Medicare for All is Finally Here
After avoiding questions about her plan to pay for Medicare for All throughout the campaign, Elizabeth Warren has finally unveiled a new tax plan to do just that. The plan would: Raise $2.3 trillion with stricter foreign tax compliance, instituting a country-by-country minimum tax on foreign earnings of 35%—equal to a restored top corporate tax rate for U.S. firms—and forbidding deferrals of those payments Raise another $400 billion by legalizing undocumented immigrants and requiring them to pay taxes. Turn the "temporary" Overseas Contingency Operations fund into a permanent … [Read more...]
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