Posted On: 05/13/2016 10:28:55 AM
Post# of 65629
Problem you have...
Is wages, poverty line and budget are directly linked..
$7.40 to $15.00 = a 49% inflationary marker...
So your $4 Trillion dollar budget go to $8 trillion per year as costs go up...
So your 15% tax bracket etc would have to go to 23% and so on...at the same time creating less jobs in the entry level work...
Retired, fixed income and social security people would be screwed...and or SS would be bankrupted by 2024 because of inflation...
Is wages, poverty line and budget are directly linked..
$7.40 to $15.00 = a 49% inflationary marker...
So your $4 Trillion dollar budget go to $8 trillion per year as costs go up...
So your 15% tax bracket etc would have to go to 23% and so on...at the same time creating less jobs in the entry level work...
Retired, fixed income and social security people would be screwed...and or SS would be bankrupted by 2024 because of inflation...
(1)
(0)
I'm a Crazy Scots-Irishman Blue Blood... It's probably not a good idea to listen to me...everything I say is of my opinion. I'm not a good place to get investment advise...
