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Thursday, December 14, 2017

Let's get real on taxes

      The Republican tax legislation is being sold as an individual and business tax cut to stimulate the economy.  Tax cuts may make sense to the economy during recessionary times but that is far from where we are now with low unemployment, stocks at record highs and business sitting on record cash reserves.   Republicans have long pushed a false narrative that lower taxes to businesses stimulates the economy.  Since 70% of the US economy is driven by consumer spending giving more tax relief to lower and middle income tax payers can create more consumer demand to create more jobs and grow an economy.  Will businesses use the money from a tax cut to grow jobs?  What is more likely is that they will do more stock by backs to increase the value of their stock and increase executive compensation which many times is tied to value of their stock. 
      While you can probably find examples of the impact of tax cuts as being a stimulus, one thing is almost always a result of tax cuts---budget deficits.  Kansas is only the latest example of this reality.  The Republican's real agenda is two pronged.  First to reward their wealthy business contributors under the cover of stimulating the economy.  Second is even more sinister which is to create a budget deficit to slash government social programs.
      Any discussion of taxes and its impact on an economy has to acknowledge that there is a income redistribution impact of any change in our tax structure.  Lower taxes are usually disproportionately directed to wealthier individuals and higher taxes provide the basis to fund services that redistribute income to lower income individuals.  Maybe that is why the happiest countries in the world are also some of the highest taxed countries.

Wednesday, December 13, 2017

Who knew??

Who knew that when Trump used to boast "You will get so tired of winning" he was referring to the Democrats!

Monday, December 11, 2017

Shake Shack coming to the Columbia Mall December 20th and Aldi's opening at Gateway Overlook Shopping Center December 14th

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From the Columbia Patch:

"What's shakin' Columbia?! Shake Shack is thrilled to announce it will open on Wednesday, Dec. 20, at 11 a.m. at The Mall in Columbia, the open-air shopping, dining and entertainment destination. The Mall in Columbia Shack will be located at 10300 Little Patuxent Parkway, Columbia, MD.

In addition to the Shack classics, The Columbia Shack will be spinning up a selection of local frozen custard concretes: Shack Attack (chocolate custard, fudge sauce, chocolate truffle cookie dough, Mast Brothers Shake Shack dark chocolate chunks, topped with chocolate sprinkles), Cookie Butter Blender (vanilla custard, cookie butter, chocolate toffee and chocolate sprinkles) and Pie Oh My (vanilla custard and slice of seasonal pie from Renata's Tasty Bites).

What's sweeter? The first 100 people in line on opening day when doors open will receive a Pie Oh My concrete, on us!

Guests can wash their burgers down with local seasonal brews from Jailbreak Brewing Company, Flying Dog Brewery, Devils Backbone Brewing Company and Full Tilt Brewing Company, plus Shake Shack's exclusive Brooklyn Brewery ShackMeister® Ale. Wine lovers can enjoy a glass of Shack RedTM and Shack WhiteTM wine from Napa-based Frog's Leap Winery.

As part of Shake Shack's mission to Stand For Something Good®, The Mall in Columbia Shack will donate 5% of sales from its Pie Oh My concrete to Grassroots, the county's only emergency shelter and crisis intervention center providing 24-hour crisis intervention services, emergency shelter, and community education. "


Saturday, December 9, 2017

Saturday funny

Now this was a plan our financial advisor overlooked!

Thursday, December 7, 2017's "Word of the Year"


    Our boviating leader didn't make Time's Person of the Year but he did give us's Word of the Year---"complicit."   A close second could have been my choice of "collusion."

      Oh to have our values represented like this!

P.S. 1
     Mueller probably has Trump's tax returns.  We may find out about them after all.