[trek]

I take from your comments that you are retired. I feel for you. I am near retirement myself. But if you are retired you are by definition in the consumption phase of your investment cycle, not the accumulation phase. This is very important. An income tax cut might put more money in your pocket, and your spending (if you spend it) is economic activity.

But the reality is that a much greater fraction of those still working have a 100% propensity to spend than those in retirement. And there are a lot more people working than retired. So putting money in the pockets of those still working generates more economic activity than putting money in the pockets of retirees.

[CGASMIA68]

kinda blows cause my non retirement $ is taxed and was gained during the “accuulation” phase and because of good stratgies is still acumulating...this market thing and housing crunch hasnt made any dif to me.