Saturday, January 18, 2025

Now it is Main Street's turn





"People are hurting out here in the hinterland. Especially those who are on fixed income. Reagan, and now Trump, were and are concerned that our raising tide lifts all boats. Under Biden's inflation, many of those boats have been taking on water. Some even sank."


What is the matter, Bird? Don't you like the galloping stock market? Sure do. Except for one thing. Main Street was left in the dust the past four years. Stuff got very expensive, and many wages did not keep up with this unnecessary inflation. The Democrat Party, recently led by the fading Joe Biden, did not seem to give a damn. Not a bit. But the new hero of the working class, Donald J. Trump, got the message loud and clear. Keep Wall Street strong, but at the same time, make Main Street even stronger.

First, a bit of realism. The 20% increase in prices for things we need might be with us for a long time. Maybe forever. Trump will do his deal level best to whittle that down, but truthfully - the most he can do this year is keep slowing the rate of inflation. That being said, Trump IS empowered, along with a friendly Congress, in fixing some income tax issues. Like, no federal income tax on Social Security. No income tax on tips. No income tax on overtime. Making the Trump Tax Cuts permanent (this one is huge).

Another idea whose time may have come, is the establishment of an External Revenue Service. In other words, money which is gleamed from tariffs, and not our income. What many don't know is our income tax did not start in earnest until 1913. Besides a short period of income tax in the late 1800's to pay for Civil War reconstruction, a permanent income tax did not start until 1913. If you were rich back then, you were asked to pay your fair share - 5% of your income. Today, I would take that deal in a New York minute!

People are hurting out here in the hinterland. Especially those who are on fixed income. Reagan, and now Trump, were and are concerned that our raising tide lifts all boats. Under Biden's inflation, many of those boats have been taking on water. Some even sank. The first step in making America great again, is making American families stronger again. Fixing our burdensome tax system is a great place to start.

Rome was not built in a day, but fixing the broken in our country, just might. How so? Trump's incoming press secretary said that President Trump has 100 executive orders ready to sign on the afternoon of January 20th. Many of which are to reverse much of the nonsense that Biden signed orders on. That will be a great start. Drill, baby, drill - will help all of us. It will help our country to be stronger. 

The time for talk is about over. The time for action starts on Monday. The Golden Age of America starts on Monday. It is almost time folks - now we are down to just a few hours to wait. 


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