Before y'all go crazy, follow along with me.
We have $37T in debt. We have annual deficits of $2T. And nobody has the balls to really cut wasteful spending or raise taxes.
Countries like Norway and Qatar have sovereign wealth funds investing in American companies and as Trump said, "Everything is down except stock prices." When they need money, they sell off some of their stake.
The federal government participates little in the upside though because we've created a monster tax code where the effective tax rate on corps is low meanwhile their stock prices goes up bigly at a much faster rate than any tax collection. Meanwhile we the people must pay taxes to support the system that creates the monster valuations in the market that foreigners are profiting off of.
The rest of the world is stealing is from us. They take our jobs, they expect us to police the world, and then get rich off of our markets. And our federal government taxes the crap out of American labor where there isn't enough money to meet our budget requirements.
We have $37T in debt. We have annual deficits of $2T. And nobody has the balls to really cut wasteful spending or raise taxes.
Countries like Norway and Qatar have sovereign wealth funds investing in American companies and as Trump said, "Everything is down except stock prices." When they need money, they sell off some of their stake.
The federal government participates little in the upside though because we've created a monster tax code where the effective tax rate on corps is low meanwhile their stock prices goes up bigly at a much faster rate than any tax collection. Meanwhile we the people must pay taxes to support the system that creates the monster valuations in the market that foreigners are profiting off of.
The rest of the world is stealing is from us. They take our jobs, they expect us to police the world, and then get rich off of our markets. And our federal government taxes the crap out of American labor where there isn't enough money to meet our budget requirements.