Wed, 13 December 2017
If you listen to Donald Trump talk about the tax plan you'd think they were curing cancer on capital hill. The president claims "huge" tax cuts, "bigger than they thought" but the numbers just don't reflect it.
The highest wage earners among us are going to pay more, and your average middle-class American is only saving around 1%. It's a far cry from the president's claims.
This is a very libertarian idea that says you should pay for what you use. The same principle could be applied to police and fire, but you won't hear any California politician advocating for that kind of equality.
We'll discuss the idea and how a principle of "user fees" rather than taxes could solve a lot of our problems.
Great show today Thanks for listening! Tell a friend.
Tue, 12 December 2017
Scott is by far my favorite guest. That's why he's a repeat guest on the show. Today we're going to discuss everything from Isreal to North Korea, and it's going to challenge your views and open your eyes.
I highly suggest you check out Scott's show at https://scotthorton.org/
And make sure you by his new book, available at Amazon:
Tue, 5 December 2017
It's got all the makings of a great story, and I don't aim to disappoint today.
The big news today is about the president's decision to delay moving the U.S. embassy to Jerusalem.
Well, that's not entirely true...
The truth is, Congress passed a bill in 1995 calling Jerusalem the capital city of Isreal and ordering the embassy be moved there. But the built-in delay prevision has allowed every president since Clinton to push off implementing the bill.
Now it's in front of Trump who stated in a campaign pledge that he would move the embassy. The problem is, world leaders are blowing up his phone like a jealous girlfriend trying to convince him not to do it.
The article is weak on evidence but the site several sources inside the intelligence community that claim a first-hand account of the proposal.
I want to discuss the possible pros and cons of a program like that and give you my thoughts.
Don't forget to share the show!
Thu, 30 November 2017
Kind of an odd mix today but I wanted to discuss the recent wave of sexual harassment claims being made by women across the nation. I have to say it makes me proud to see so many women stepping out under great risk to their reputations and calling their harassers to account.
Matt Lauer is the latest big shot to fall and the claims being leveled against him are hard to read. I can't imagine being a woman and having to put up with the kind of abuse these women suffered under Lauer.
Good news is, he's gone, and another bad apple has been exposed.
Also in the stack, the IRS wins its lawsuit over Coinbase, and American children have a 57% chance of being obese as adults. It's crazy!
Wed, 29 November 2017
Well, now that's rich given the feds track record. I want to spend some time today talking through the many boom-bust conditions created by the fed over the last few decades including the one they're creating now.
To suggest the fed cares at all about creating conditions that foster a healthy economy is hilarious. The fed cares about making sure the economy stays afloat. Even if that means addicting it to cheap money and fake prices.
The question is, how do you avoid being a statistic? The answer is value. If your job can be done by a machine, you need to start improving your skills so you can provide more value to the economy.
Whether you're self-employed or work for someone else, providing value is key to keeping your job and moving up.
Lots of great topics today. Share away!
Mon, 20 November 2017
So I'm in California working on a deal that will allow the JSP to expand to the next level and become the kind of show we all want it to be and while visiting with my ad partners at Westwood One, I as offered a ticket to the American Music Awards.
Now, pop culture is not something I follow closely and pop music, not at all, but I thought, "How many times do you get the chance to attend a big event like the AMA's for free?"
So I went.
I had a really great time, and I was proud of the producers for keeping politics out of the event. I think everyone is getting a little tired of the overlap. I talk about politics all day, and I know when I put on the ball game or go to a concert the last thing I want to hear some celebrities opinion on current events.
It looks like the AMA's are tired of it too because the event was really focused on the music and celebrating some really talented artists.
But enough of that, let's talk about some politics.
I read an article from Forbes this morning talking about the GOP tax cuts, and I thought I'd use it as a teaching tool to point out the way Keynesians think about taxes and interest rates. I also think it's a great example of how little people actually understand about economics.
After that, I'll talk a little about bitcoin, and then we'll finish up with the mess in Baltimore. It turns out they've cordoned off sections of the city and are violating 4th amendment protections all in the name of protecting its citizens.
It's another example of government violating your constitutional protections and telling you its good for you. LOL
Tue, 14 November 2017
In the last couple of weeks, I've been focused on taxes, the economy and the current social state of America.
Part of what we're dealing with is a highly partisan society that puts "team" politics ahead of good judgment and sound policy.
Take the current tax plan for example. Nobody in their right mind could look objectively at what Republicans have produced and thought its a good idea.
Then there's the controversy surrounding. Roy Moore and his alleged sexual misconduct with young women 30 years ago.
Finally, you've got the story of Rand Paul who now has six broken ribs thanks to his neighbor who attacked him for, as of yet, unknown reasons.
There's a breakdown happening in society. We've lost a sense of our own humanity, and if we don't get it back, if we don't teach it to our children we're going to end up going over the cliff.
P.S. Well over half the spots have been filled to my Trading Mastery program. If you still want to sign up NOW IS THE TIME.
Thu, 2 November 2017
Continuing with my interview series this week, I've got Paul Vasey who's created a really cool board game to teach your kids about money, the importance of saving and how to budget.
You can find his site with all the games here:
Tue, 5 September 2017
The New York Times published a piece today on rising inequality and the difference in opportunity between low-income workers today and the ones of the 1980's.
I read the article defensively at first. It is the New York Times after all. But after the first couple of pages, it was clear the author
If you choose to try and make it in America today using the same tactics your parents and grandparents used you're going to fail.
The entire economic landscape has changed. The middle class of my parent's generation is disappearing. Jobs are being outsourced or have simply been lost to technology.
You can't live in the past and expect to thrive in the future. What worked in 1980 will not work today. The days of getting hired by the factory after you graduate high school and working there for 30 years are over. That model is dead (at least for now), and you've got to accept it if you want to thrive in the 21st century.
Today I'll share some of my thoughts about the new economy and why I think it presents us with the greatest opportunity we've ever seen
Fri, 1 September 2017
According to the Bureau of Labor and Statistics Americans spent more in taxes than they did on food and clothing combined in 2016. The percentage difference was roughly +14%.
If you can believe it, the same data shows that, in just three years, the average American tax bill increased by 41.13%.
Frustrating as it might be I feel the need to reiterate the most important truth about government one can commit to memory...
...Nobody is looking out for you.
Sure they say they have your best interest at heart but is it really in your best interest for the government to take more from you in taxes than what you spend to feed and clothe your family?
Is there no limit to the entitlement some in government have to your fruits of your labor? What should we consider a reasonable amount of theft?
This type of violation will never end until we decide to elect representatives rather than politicians. It will take a conscious effort on our part as individuals to carefully screen those we choose to support for political office. And if they turn out to be liars and cheats who deceived us then we have the responsibility to correct our mistake and seek new representation.
It's been a great week. Enjoy your weekend. I'll talk to you on Monday.