(8/8/22) The so-called “Inflation Reduction” Act gets a fresh skin, but it’s the same old wine, and its impact on inflation will be to exacerbate the problem further. The newly re-named the “Climate Change & Tax Act” is the same old tax & spend bill as before; the devil is in the details. How the math really works, and why inflation will be lower in 2023, but not down to the Fed’s 2% target. 10% of the bill will fund hiring 87k new IRS employees. Stock buy-backs have helped keep stock prices elevated; how new bill’s tax buy backs will affect markets. Corporate taxes will be passed on to consumers.
2:53 – Back to School: Why the Tax Act Will Increase Inflation
14:13 – Impact of the new Tax & Spend bill
30:09 – The Genius Behind Democrats’ Inflation Reduction Act
44:08 – Too Early to Say We’re at Markets’ Bottom
RIA Advisors Chief Investment Strategist Lance Roberts, CIO
Produced by Brent Clanton, Executive Producer
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This admin is typical dem tax and spend…I just hope people will see what's happening.
The problem isn't congress passing tax and spend bills. The problem is the average voter who has no idea what is happening or doesn't care what is happening.
LOL YouTube added 'Context' and UN Cluimate Change banners, TRYING to make sure nobody believes your conclusions. Good luck with that, youtube.
Lance, not $80B/year for IRS…$80B over 10 years, and, of course, extending on forever. So the math isn't quite as devastating up against the $200B in tax collections promised from these highly efficient IRS agents. It is interesting to contemplate this spending against the demographics of federal taxpayers…or rather the minority of Americans that actually pay taxes.
The IRS is immoral. Who in their right mind wants to seal from their fellow country men? All taxation is theft. CONgress, right in the word is the truth. Society is too mentally, physically and spirituality sick to understand that we don't need Goverment and it is Government which impedes the Human potential.
Anyhow, this Bill is garbage.
The fact checkers at YT are making sure your viewers know about climate change by adding a "context" link to the UN statement on climate change. Woke TWITS. Careful or they'll put you in the sin bin.