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Politics : A Real American President: Donald Trump
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To: GUNSNGOLD who wrote (342454)3/28/2022 12:19:27 PM
From: didjuneau3 Recommendations

Recommended By
GUNSNGOLD
Honey_Bee
kckip

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G-n-G - I almost referenced you in my post about Roths - joking about buying gold and guns and joining the preppers. I decided to cut my whining, like my IRA retirement investment losses.

I don't know what's going to happen to plain money. First they've decided to cut interest to zero, so it sits there losing 14% a year in Joe Tzu's economy. Next they may think about charging negative interest. Think about - but won't do, because then there'd be a run on cash and total collapse.

Which is why they desperately want to go to digital currency. I wish I could trust crypto, but if they force you to report it on the first line of the tax form, which they do, that'll eventually create a bunch of new classes of criminals and a big crackdown. The people on the list, put there by their own admission on the tax form, may be targeted first as an example. Any slip up and wham! So the big time criminals with connections escape the blame.

I'd agree that Congress can giveth and taketh, but add that the Federal Reserve and herd mentality have a lot to do with it. Not to mention vulture capitalism. Seems like China has learned from our own vultures.

Interesting that you mention retroactive taxes. Never even thought that could be a thing. Means testing is built into the tax bracket structure already. They're always tweaking that. Unless you meant SS and IRAs. It's been in place in health and welfare for a while now. All kinds of new categories are being created for it.

I agree about the debt. I got rid of it a long time ago. My dad figured out how to use it to his advantage, but that was back when you could earn interest on savings. Can't do that anymore. You have to depend on The Experts™ to manage your stocks or you won't get anywhere. Unless you join the herd. I'm not a herd joiner.
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