Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: benwood who wrote (9630)	5/3/2020 1:44:25 PM
From: Kirk ©	1 Recommendation Recommended By Robert O Read Replies (2) \| Respond to of 26517

I agree both parties are responsible... they buy power via giving away taxpayer dollars via higher debt. How do "the masses" pay for the ballooning federal debt? enables them to transfer the burden of taxes from the elite, now, to the masses, later, through the massive increase in debt. I believe the average taxpayer doesn't pay very much at all in Federal taxes. Yes, they pay a large percentage of income to Social Security and Medicare but they get it back and more if they retire, eat healthy and exercise so they live a long time. A large percentage of the costs will be higher taxes, probably on capital gains that will crush the retirements of many of us in the middle when added to the near zero returns for our fixed income investments going forward. There will also probably be QE4ever so those of us who've saved or have 60:40 or 30:70 stock:fixed portfolios will see significantly lower returns for the RHS of that ratio... I don't have a problem with raising taxes on CEO and Steph Curry type of wealth... I'd rather they donate less to causes that help their brand while we take it as taxes to pay for the free meals Steph's fans cannot afford to buy for their kids in Oakland because they spent the money on $200 sneakers. Or pay for healthcare for the Walmart and MacDonald's workers need since too much salary went to CEOs rather than salary and benefits for workers. Now if you are in Taxifornia, the higher debts and pension obligations directly takes from the masses as we get lower police protection, crumbling roads despite super high gasoline taxes and higher teacher/student ratios since too much of the money goes to the crazy pension funds that are still grossly under funded.