Last night, Rachel Maddow from MSNBC did an exposé on President Trump’s tax return from 2005. During the election, Mitt Romney claimed that Trump was hiding a bombshell in his tax returns. Thanks to Rachel Maddow, a bombshell was found. Perhaps it wasn’t the bombshell we were all thinking it would be. As Rachel Maddow found out, the problem with political bombshells is that you could wind up blowing yourself up if you play with them.
Bernie Sanders wrote an op-ed for the Washington Post today and it was pretty ignorant, to say the least. It was about Trump’s deal made with Carrier, an air conditioning and refrigeration unit company and how it just showed other corporations “how to beat Donald Trump.” Sanders wasn’t known for his deep knowledge of economics on the campaign trail and he’s still showing that perhaps he still doesn’t understand something important.
The State of Oregon is having a bit of wild dream when it comes to a state measure that was intended to raise taxes by 2.5 percent on big corporations. The ‘Yes on Measure 97’ campaign even has over 70 experts and academics to back up the measure. But is it really all it’s cracked up to be? To be honest, I don’t think so.
It’s that time of year again: Tax season! Many of us will receive tax refunds and spend it right away. However, there’s more to what you can do with your tax refund than just go shopping. Maybe you would like to go on a mini vacation or pay down debt. Maybe you would like to invest it in something. Today, I’m making some recommendations as to what I would do with my tax refund.
Oregon is in deep trouble right now. Between March, 1996 and February, 2015, the unemployment rate in Oregon has been higher than the federal rate. Its manufacturing jobs have all skipped town, the timber industry is nearly non-existent, and many are continuously fighting for higher business taxes so that they pay their “fair share.” The cause of this has been a mixture of state and federal legislation that just isn’t in the best interest of Oregon and its residents. I have an agenda that I believe would help put Oregon in the right direction: Progress and prosperity.
NOTE: This article is part of a series that outlines a common sense agenda for the benefit of all Oregonians.
It would seem that some people don’t really care about economics or anything when it matters most; of course, “it” meaning the minimum wage. In fact, people seem to really care about economics only when it agrees with them. Hence, we have liberal economists who twist the principles of economics without telling those who agree with them the flip side, the truth. This is why people who understand economics are frustrated with those who don’t and push for a minimum wage increase. Maybe it should be increased, but not up to $15.
People might say that Oregon isn’t thinking about a $15 minimum wage. I tell anybody who thinks this that they obviously don’t know about 15 Now PDX, or they don’t read this article by The Oregonian or that article by The Oregonian. Perhaps they’re very oblivious and don’t even know that Koin 6 News has an article about it. Obviously, there is an organization and three articles about it. Oregon has many people with plans to try to raise the minimum wage to $15. As a matter of fact, there’s a large possibility that a measure on the 2016 ballot for Oregonians to vote on it may show up.
For those of you who don’t understand the difference between general economics and financial economics, financial economics is your general economics with a focus on investments. That being said, I’m fairly interested in investments.
The frustrating part about investments is that if you do well, you might be sucked into a generalized comment about how evil you are. There’s a lot of people who don’t understand the truth about it: High risk does mean a high reward. But you don’t really make a whole lot of money. The first part, and one of the most unfortunate things, about investing money is that you need money to make money. Much of the time, $100 won’t get you very far. Another thing is that you lose money from commissions. With TD Ameritrade, you pay $10 per trade. $100 only allows you to invest $90. Thus, the previous statement couldn’t be any more true. This is because if you invest $100 and lose $10 due to commission, you need to make more than $90 to really have any kind of return.