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[thinkxingu]

Originally Posted by joey2665

I’m sorry the “facts” cannot and do not show that the new tax laws did not help the average person nor that 60-70% of Corp cuts have gone to shareholders. The FACT is the changes took affect 1/1/18 and no person or company has filed a tax return yet that includes the changes. These are merely assumptions and many incorrect. This was a complicated change to the code and conclusions can only be drawn after this coming tax season in 2019.

Also you point out the bad but left out the good such as increase in the stock market (which helps many employees 401k), reduced unemployment and increased GDP.

Not to mention that politicians local or otherwise have been influenced by money since the beginning of time, certainly nothing new.


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Unemployment has been dropping for almost a decade, jobs reports show the change is trivial while wage growth is stagnant, and most economists agree the current GDP/economic situation is unsustainable. Something bad is coming because we moved from a conservative (ironic!), sustainable, approach to an aggressive, unsustainable one.

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[joey2665]

Originally Posted by thinkxingu

Unemployment has been dropping for almost a decade, jobs reports show the change is trivial while wage growth is stagnant, and most economists agree the current GDP/economic situation is unsustainable. Something bad is coming because we moved from a conservative (ironic!), sustainable, approach to an aggressive, unsustainable one.

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In our history no period of growth in ever sustainable that is economics 101 so no one is going out on a limb saying it can’t continue. The question is always how long will it continue and while it’s happening accept the best and as always in the economy prepare for the worst.


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[Biggd]

Originally Posted by joey2665

In our history no period of growth in ever sustainable that is economics 101 so no one is going out on a limb saying it can’t continue. The question is always how long will it continue and while it’s happening accept the best and as always in the economy prepare for the worst.


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In my adult life I've seen and been affected by 3 good down turns. I've been bit enough to know that another one is coming. I was fortunate enough to read the last one ahead of time but this time it's much more difficult but it's coming.