Will Hayes

The Robin Hood Economy - Backwards

All you are talking about is inflation hurting the poor more than the rich. This is clear and a good point. The cause of inflation is government expansionary spending and TAXATION of the rich and corporations - including small business. The U.S. has the second highest corporate tax rate in the world and we spend nearly 500 billion dollars a year servicing our debt each year(more that the price tag of Iraq). Cut government "aid"/taxation and the poor will have a fighting chance. No tax hurts the poor more than social security.

The Robin Hood Economy - Backwards

All you are talking about is inflation hurting the poor more than the rich. This is clear and a good point. The cause of inflation is government expansionary spending and TAXATION of the rich and corporations - including small business. The U.S. has the second highest corporate tax rate in the world and we spend nearly 500 billion dollars a year servicing our debt each year(more that the price tag of Iraq). Cut government "aid"/taxation and the poor will have a fighting chance. No tax hurts the poor more than social security.

The Current Rally Should Continue Until Retail Investors Are Sucked In

This is a total momentum trade, but I agree. Listen to the market. Let it do your thinking for you. Usually, when I trade a personal opinion it is expensive. That being said, if we come off a volume spike up day, I'm buying QID.

Budget Deficit: What's $2.9 Trillion Between Friends?

Dear Phil,

According to you numbers, our government spends over 1.5 Trillion dollars a year on entitlements. That is also the primary area where Democrats have consistently blocked ANY slowing in spending growth, much less spending cuts, with howls of "you can't hurt the poor to benefit the rich."

Ironically, social security is a direct tax on the poor, while it very directly to lower low income wages. The nearly 500 billion dollars wew spend a year on servicing our debt is also an "inflation tax" on the poor.

We will never cut spending(Clinton just slowed spending growth, never cut a penny except from defense and intelligence budgets) unless entitlements are on the table. Democrats run under the pretense that they will maintain us our entitlements. They do this on the backs of the poor. You do the math.

P.S. In my lifetime, I never remember the Democrats complaining that even a Republican bill should spend less. They voted for ever penny of spending under Bush. In fact, those were the only bills that flew through congress. Whores abound.