Well lets see now in just 2 weeks the federal bureaucracy in all of its divine wisdom has started to create the tax base from hell with absolutely 0% chance of not hurting every living breathing American. They are now working on ways to control the Insurance and Financial industries not just through legislation but also taxation. They are also now creating taxes on everything that is not considered a consumer staple. I have stated this in this blog for many months now that YOU and I pay the taxes that they raise on every business that we purchase a product or service from, its called higher prices, just look at who pays the tobacco tax now! I am now going to give you their game plan for what they will tax or attack in the next 6 months and how it will effect all of us.
1. Gas will reach at least $3.50 a gallon otherwise their ownership of the auto industry and desire to build small cheap cars won't have any buyers. Also the speed in which the development of alternative energy has been progressing will lose its immediacy.
2. The incentives and tax breaks given to any business or employee for health care coverage will be removed and all benefits will be taxed as part of your compensation at your current tax rate. If they don't the number of uninsured is still too small to create their Utopian government health plan. Its all in or the model of coverage combining private and public health will clash and only the worst of health care will align itself with Obama care. He has to force all of the doctors and hospitals to play by his rules.
3. Their will be a flight of Corporations to set up home offices outside our borders to eliminate the Obama stated tax havens they are now trying to create legislation on, to assess taxes creating double jeopardy for those entities. The loss of manufacturing in this country can be directly traced to the labor costs created by the unions and the corporate tax structure on both the federal and states levels. If 42 cents of every dollar pays taxes and 50 cents pays labor what incentive is there to continue running a business when after all other operating costs you DO NOT MAKE A PROFIT!
4.The cap and trade on greenhouse gasses will start to drive up the cost of electricity for everyone this summer and not only will your power bill go up, but so will the store where you shop for food, the church where you worship, the school where you children get brainwashed are you starting to see a pattern here yet?
5.The unemployment rate in this country will reach 11% by years end and even though the majority of my brethren say that jobless claims are a lagging market indicator they are WRONG! We are no longer a manufacturing driven economy but a services driven economy and if there is no income there is no outgo! If ONE out of TEN people are not purchasing and the EIGHT out of the other NINE are just hanging on how can you expect ONE to drive the economy forward?
Do the math and stop sugar coating the reality of this situation to try to encourage the investor group back into this market, they see through you as I do and realize that the government is behind the current market rallies and are unsustainable until the government is taken out of the equation.
6. The administration will continue to bullshit all of the people all of the time because this president is the greatest diversionary tactician in history. They will continue to create media stories to keep the pablum fed double digits entertained and distracted while they pull off the greatest theft in history, OUR FREEDOM!
This guy makes Houdini look like a rank amateur when it comes to making people think he's magic and he's got the largest assistant corps ever, THE MEDIA!
We are on a path that if not righted soon we will not be able to stop until we hit the bottom and gravity finishes us off. That is not where I want to hand off my legacy to my children and grandchildren, the bottom of the cycle. Especially since like you I have busted my ass for too many years climbing hill after hill to try to improve the lives of all I have sworn service to.
When I started this blog several years ago it was just a way of providing fun information for friends and fellow golfers but the title has become prophetic, " FORE" on the golf course means danger is coming and if you don't pay attention your forehead could have dimples you weren't born with and read Titleist!
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