Listen, I’m all for lowering taxes, but isn’t a little silly to say that the U.S. dollar is losing strength because of taxes when we are comparing it to the euro?
I’m describing the primary reason for any weakness in America economically. The way we tax ourselves is stupid.
The only way the unproductive nanny-state we have now can possibly be financed, even for the short term (and G-d help us in the longer term, what with the Ponzi schemes of SS and Medicare and whatnot) is to keep inflating the currency.
Suggest buying Swiss shares, Nestle particularly. LLF, Leo Longlife is a very decent (and highly profitable) Finnish company. Water stocks will repay well for the rest of my lifetime.
Also, recommend buying Aussie and NZ $ on any dips for the long haul. You won't like the reasons, and they're both too socialist for my taste, but the fact of the matter is that they CONTROL, and filter out, the unproductive would-be residents. The US does not.
Fearless forecast: NZ $, with or without Helen Clark's moronic socialist party, will reach parity with the US $ in less than 10 years' time, probably less than 6 years' time.
The dollar is losing value because in the aggregate, we print them faster than other countries print theirs...