Wednesday, February 15, 2017

Steve's Barking; playing roulette with taxes

Cutting income taxes will improve the economy. OK. There are three things that can happen when you give people more money. They could save it ( or gamble on the stock market), they can spend it or they can pay off their debt.These things can help, hurt or be indifferent.
Border tax, =higher prices or a very strong dollar. Strong dollar or a big hurt on travelers from foreign
countries. Stonger dollar cheaper energy and minerals as compared to every other nation. Good for some terrible for others. Then again it's not a given that the dollar would strengthen.
Inflation is a good possibility in a so called tax reform.

What will happen in a tax code is an unknown though intelligent thinking much of what is talked about in tax reform are economic disasters.

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