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Non-Tech : Kirk's Market Thoughts

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Dec 15 3:59 PM EST

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To: robert b furman who wrote (24759)	6/12/2025 1:50:22 PM
From: Kirk ©	Read Replies (1) of 26770

Perhaps the PAGO that seems to be ignored should be replaced by a constitutional amendment that spending is not allowed to go up higher than inflation except for well defined "emergencies" where the spending is ONLY allowed to exceed that number if there is an agreement on how to pay for it when the emergency is over (perhaps as simple as raising the tax rates 1% on everyone until the deficit is repaid.) The good news is last month the spending went up to match inflation withing a few tenths. Not sure if this excerpt from my spreadsheet is visible... lots of text. so I'm showing only the last 3 years and the Y/Y comparisons. CLEARLY it shows tax collections make liars out of the haters of lower taxes.... collections are soaring far above inflation... FWIW, I'm doing my part to increase tax revenue as I'm taking distributions from my IRA and paying massive taxes. My HOPE is I get my SALT back for $30 or $40K as the current $10K doesn't cut it. Thank goodness we have a few Republicans from the large by land mass part of the State that will hold out for SALT deductions if they will sign the "Big Beautiful Bill". Trump needs EVERY ONE of their votes!

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