Momentum is building for a tax code overhaul, and lower taxes on stock transactions could be doomed. By Joy Taylor, May 6, 2013 Tax breaks for capital gains and dividends are likely to end by 2015, as lawmakers look for ways to broaden the tax base, allowing income tax rates on individuals to be cut. …
Category: Economy & Markets
Fallout for States Rejecting Medicaid Expansion
My Thoughts on This: As you know, I fully support the passage a few years ago of the Affordable Care Act. I’m also a realist in that I expect it to change shape over the years. Here’s an article that suggests what might happen in those states where the governor is married to the “anyone …
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This Train is Leaving the Station
My Comments: First, I’ve been a supporter of Obamacare since day one. Not because its a panacea for what ails us, but because without it, none of the stakeholders individually have enough leverage to effect meaningful change. By that I mean, doctors, hospitals, insurance companies, Big Pharma, and of course, patients like you and me. …
Why an MRI costs $1,080 in America and $280 in France
My Comments: I spent time this morning with someone who is best described as a capitalist. He understands how money works, he understands the existing health care system, he understands the changes that are taking place, and he is actively looking for financial opportunities. He sees them everywhere. I’ve posted before about the need for …
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Transatlantic Pact Promises Bigger Prize
My Thoughts on This: As an investment advisor with clients who depend on my judgment about where to put their money, I tend to follow economics and global politics with a profesional interest. This article comes from Great Britain. There are almost always pros and cons to consider when playing the financial odds about the …
Innovation and Sustainability Are Key to Recovery
While there are still challenges, there are opportunities for recovery My Thoughts About This: The older I get, the shorter my time horizon gets for convincing others of my success as an investment advisor. If I thought I would need the money fifty years from now, there is little question how it should be invested. …
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Why I’m Optimistic About The Economy
My Comments: The other evening I was talking with a colleague and our conversation shifted to investments and what’s likely to happen now that ObamaCare is going to happen. We agreed we are likely to go over the cliff without an agreement in place. What does it all mean? He asserted that in few years, …
Forget the Fiscal Cliff: Buy America
My Comments: For the life of me, I can’t get excited about either outcome; over the cliff or not over the cliff. On the one hand, going over the cliff and not reacting will no doubt cause some short term pain but that’s got to happen sooner or later. On the other hand, a short …
Rights and Wrongs of the US Fiscal Cliff
My Thoughts on This: I'm not sure there is a Right and Wrong on this issue. And I'm unsure how it will effect the economy until we're well into 2013. What I am sure about is that it was Congress and not the White House that came up with the idea and in my opinion, …
Chuck Schwab: We’ll Go Over Cliff, but Let’s Move On
At Schwab Impact, Chuck Schwab talks alternative investments, one benefit of Dodd-Frank and why he’s willing to write a bigger tax check. My Comments: Most of you know that I'm a center left Democrat. I also pretend to be an economist with a reasonable understanding of economics, finance, and how the world of money works. …
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