A little tax news today. A study of the last ten years shows that the four highest taxed states have lost 1100 citizens a day, seven days a week to the nine states
without an income tax. At the same time the no-tax states have managed to create
significantly more jobs and increse the standard of living across the board. Humm
, money is portable and moves to where it is taxed less; what a revelation. Now if the poo-bahs in Congress would understand this maybe there could be progress. Alas, I fear that they are only interested in redistributing a steadily shrinking pot of
cash. Their IQs must be at about room temperature!
By the way, I live in the "peoples republic of New York" where our local Billionaire
just announced he's moving to Florida to avoid $13+K a day in new taxes in NY.
About Me
- stall
- I consider myself a relatively experienced investor. I’ve been retired for well over 16 years without a pension and lived a very good life on my investment results. Our nest-egg has increased each year of our retirement in spite of robust spending. Oh, to be sure there were many mistakes made but mistakes are a learning experience for us all. Through these many years I’ve somewhat formulated a philosophy that lets me sleep at night while invested in the market. I have no agenda and nothing for sale as we begin this Journey. I’ve discovered that the US Stock Market most resembles a teenage Girl who has discovered she has a Zit; there is huge drama over “things” that mean little over the long haul. I faithfully read the Wall Street Journal and the Economist. When I watch CNBC I mute the sound as I’ve found that their commentators job is to attract viewers not inform them and Bad news attracts eyeballs to their station. Everything they say is coached as exciting news yet they are completely prohibited from really advising the investor class. CNBC is Stock Market noise.
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