DON’T BE FOOLED

The fastest way to correct the course of the U.S. economy and add jobs is as follows:

1.     Cut Market Taxes ⁽¹⁾:

a.      Consumer/Individual: 25% Highest Rate, 5% Lowest Rate⁽²⁾

b.      Business/Corporate: 15% Highest Rate, with deductions allowing rates as low as 5%

c.   Investor/Long Term Capital Gains & Dividend Income: 15%, with deductions allowing rates as low as 5%⁽²⁾

2.      Raise Interest Rates

3.      Tighten Monetary Policy & Regulatory Loopholes

4.      Drastically Cut Government Spending & Bogus Regulations

5.      Aggressively Pay Down National Debt

^{(1)       Look for future blogs discussing tax rates and recommendations.}

^{(2)       Except for those below the poverty line.}

All five must be done to fix the Market; otherwise we’ll remain twisting in the wind and gold will continue to outperform.

PS: Any new tax, be it a Value Added Tax (VAT) or national sales tax, is a horrible idea.  Taxes always get abused and never go away.  Connecticut residents know this all too well.  No new taxes!!!