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Non-Tech : Kirk's Market Thoughts

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Nov 5 3:59 PM EST

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To: Kirk © who wrote (5316)	12/17/2017 9:34:22 AM
From: zzpat	Read Replies (3) of 26422

Our discussion gave me an excuse or reason to research Singapore. They have health care for everyone and a top tax rate of 22%. We've always had higher taxes than most of these newer economies and we've done fine. It's never my intention to support taxes for the sake of taxes but instead to have enough revenue to pay the bills. We don't have enough money to pay the bills which is unconscionable. No other generation was this cruel to future generations. How can other countries give their citizens free health care and have much lower tax rates? On top of that their life expectancy exceeds the US by about four years. With a growing GDP, healthier people, longer life expectancy and GDP per capital approaching ours it's time to see what others are doing right and what we're doing wrong. Singapore also has balanced budgets. IMO, we can lower rates only after the budget is balanced. Unfortunately, we've been cutting taxes for decades and doing the opposite.

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