My Thoughts on This: One of the consequences of the deal entered into by Congress that will result in across the board budget cuts will be a greater inability on the part of the IRS to detect fraud and catch the bad guys when it comes to taxes. Many of us have little love lost …
Continue reading For Tax Identity Thieves and Phishers, Business Is Booming
My Comments: I’m trying to decide if the author of this article is fundamentally to the left of the Obama administration and therefore critical of his lack of fire in promoting new revenue sources for the country, ie higher taxes, or whether the writer is critical because virtually everyone on the right is critical, regardless …
My Thoughts on This: I'm not sure this is quite accurate. I'm not sure if anyone has a definitive deficit reduction plan. Clearly, no one in Washington seems particularly upset by the idea that there are going to be across the board cuts in the next several days that are going to impact the country. …
Continue reading Obama Has a Deficit Reduction Plan and Republicans Don’t
My Comments: This is one of the reasons why so many people expect the markets, especially the stock market, to do well in 2013. One of the uses for all this cash is to buy back stock, which in turn reduces the supply, and if you know a little bit about economics, if you reduce …
Continue reading Corporations Are Sitting on More Cash Because There’s More Cash To Sit On
My Comments: An attempt here to start the week with a more positive spin on what many of us see as the world in chaos. Yes, I’m supposed to see the world through the eyes of an investment specialist, and mostly, I do. But the role played by the US, and by extension, each one …
Continue reading Trans-Atlantic Ties Still Key to Renewing U.S. Global Leadership
By Peter Orszag Improved value would have more fiscal impact than any policy change, says Peter Orszag Healthcare costs are the core long-term fiscal challenge facing the US – and yet also the best hope for cushioning workers from globalisation. This is why the recent deceleration of these costs is so encouraging – and why …
My Comments: There is no getting around the massive drain on our treasury and our military for the two wars we have engaged in over the past 13 years. One can argue their merits or lack thereof but the cost has been in the trillions, the lives impacted in the hundreds of thousands, and one …
My Comments: Some of you will ask why in the world is Tony is bothering to talk about this. It’s because much of my time as a professsional financial advisor is directed toward physicians in private practice who are frustrated and fearful of what the rest of us call Obamacare. This legislation is going to …
My Thoughts on This: Please keep in mind that I am NOT an attorney so have very little standing to make comments and recommendations when it comes legal issues. Going back more years than I care to remember, and mindful that many of my clients are in age similar to me, plans to effectively transfer …
Continue reading Is it Always Best to Avoid Probate When Estate Planning?
My Comments: Yesterday, a friend attended a luncheon where the speaker focused on our “debt crisis”. His position was that it is much worse that suspected, that it approaches $65 Trillion. That’s Trillion, with a “T”. I have no way to know if this is true or not, but to whatever extent it is real, …
Continue reading The Crisis of the Middle Class and American Power
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