government failures

Direct Taxation Reduces Economic Growth | Armstrong Economics

Posted on by johnbarleycorn12

QUESTION: Happy New Year; Am I correct in noticing a global connection in the money supply, M1 & M2? You directed us to this long ago. The global banks have found the turning point so this affects everything no? Even the US consumer is sliding to the cautious side of spending – fewer mortgages, cars, etc. The coffee shops are now worried about a market melt-down. Martin, you’re starting to make my brain hurt. But it’s a good hurt. Thank you; RH ANSWER: Yes, but there is another influence — rising taxes. The economy declines when taxes rise for the simple reason that when politicians raise taxes, they are reducing the net disposable income. Simply put, if I give you $100 and then demand you give $90 back, but the year before I gave you $80, you can point to the fact that your income rose. However, you can only spend what you have left in your pocket. Women may have won the independence they were protesting for in the 1960s, but now they have lost the right to stay home and raise the kids. What use to take one income to support a family BEFORE the payroll tax now requires two. Once the government began income taxes (DIRECT TAXATION) economic growth rates gradually declined. We have been in a protracted decline since World War II. Tax revenue in France is 46% of GDP as people leave to invest elsewhere.
— Read on www.armstrongeconomics.com/world-news/taxes/direct-taxation-reduces-economic-growth/

Indeed it does by pulling wealth out of the private sector and running it through the government black hole.

Ocasio-Cortez Gets Seat on House Financial Services Committee Overseeing Wall Street | Armstrong Economics

Posted on by johnbarleycorn12

If you ever needed proof that government is collapsing, here it is live and in full color. Freshman Congresswoman Alexandria Ocasio-Cortez (D-N.Y.) was just placed on the House Financial Services Committee. Who is the Chairperson? None other than the controversial Maxine Waters (D-Calif.). We now have two people with absolutely NO expertise in this field going to overlook banks and Wall Street. This illustrates the entire problem and crisis we face. This is like directing me to operate as a Brain Surgeon without any consideration if I even understand the field no less have any experience. We can count on wild and crazy statements coming from this committee that will disrupt the world economy and confuse the hell out of people. It certainly appears with every step we take, we are moving in the direction of a complete collapse in confidence. I can’t imagine the bond market will survive comments coming from these two pillars of financial stupidity. You cannot be the boss of people in an office if you do not even understand what the work is all about. Waters served in the California State Assembly, to which she was first elected in 1976. She was elected to Congress in 2013. Here too, she has worked in politics only. Neither her nor Ocasio-Cortez have any experience in the financial industry. The computer continues to show that both parties will decline and a third party will rise from the ashes. We warned that we have a Bearish Reversal at 47 seats in the Senate for the Democrats. The Democrats lost seats in the Senate dropping from 49 to 47. They landed right on the Bearish Reversal at 47 meaning it is not yet time to see their total collapse. We can see when we combine the seats in the House and Senate, the Democrats are in a long-term protracted bear market. Every rally results in fewer seats than the previous with each new low making a new lower low. Just a technical market perspective reveals that the Democrats are really in trouble. They may think they need to oppose everything that Trump says or does. All that is showing is they are incapable of providing any leadership themselves. Appointing Ocasio-Cortez and Waters to the House Financial Services Committee will get them the publicity with wild statements. However, they will end up being even more crazy than Trump who is known for some of his off-the-wall zingers.
— Read on www.armstrongeconomics.com/international-news/politics/ocasio-cortez-gets-seat-on-house-financial-services-committee-overseeing-wall-street/

Scott Powell: The Deep State Digs Deeper — The Patriot Post

Posted on by johnbarleycorn12

As we approach Martin Luther King Day, it seems timely to reflect on King’s statement from a Birmingham jail in 1963 that “Injustice anywhere is a threat to justice everywhere.” Arguably, the greatest injustice and worst crime against the democratic republic of the United States is for an elite cadre to engineer and attempt to carry out a coup that subverts the government elected by the people.
— Read on patriotpost.us/opinion/60608-the-deep-state-digs-deeper