Home Forums Hunting & Shooting Hunter's Campfire This Is Gonna Blow Our Economy Into Orbit!

In todays dollars I'm actually making considerably less now than I was in the '80's. Back then I worked as a forklift operator in a grocery warehouse. Now I build high end/custom 1911 pistols. Big difference in the amount of training and skill required.

Not me. I've never done better than now.

Economy is booming in California. Can,t find enough workers. Problem is wages in some areas have not
keep up. My son can,t find enough mechanic for his business. New tax bill will be good for him.
mechanic,s wages have keep up if you uptodate on licenses and new technology. Get behind and you are out.
Most people I know who are out of work are on disability.

The economy is booming here in north Florida. It was like a light switch was turned on when Trump was elected. I’m an owner operator truck driver and freight is solid and we’re finally able to get some decent rates. My broker has been quoting rates through the roof because she doesn’t have the trucks to run what she has already. Many hang up but call back in a couple of hours. I’m just not money motivated to run all I can so my broker gets frustrated with me. Good times !

To give you an idea of the rates we’re getting , 405 miles round trip for $1200 + fuel surcharge drop and hook containers. That paid half that before Trump was elected. I don’t see that holding as the winter and spring are our slower seasons but it hasn’t dropped off yet and Christmas freight is done weeks ago.

Based on the number of fishing charters people want, I would say the economy is booming. Biggest season of my career coming up.

If the tax cuts heat things up anymore than it already is there is going to be some real wage gains for working America. That is unless the amnesty and open borders crowd don’t screw us.

Great that the economy in your area is booming.. shows you what 8 years of Obama did.

Oh.. and this funny fact:

"In the future, corporations would be required to pay about a 10 percent minimum tax on overseas income above a certain level. The provision is billed as a way to discourage the movement of jobs and profit overseas. But the fine print of the new global minimum tax would make the problem worse, several tax specialists said.

“The overall effects of this are going to be unambiguously bad for the workers that it’s ostensibly designed to help,” Clausing said.

There are three reasons, according to nonpartisan tax experts. First, a corporation would pay that global minimum tax only on profit above a “routine” rate of return on the tangible assets — such as factories — it has overseas. So the more equipment a corporation has in other countries, the more tax-free income it can earn. The legislation thus offers corporations “a perverse incentive” to shift assembly lines abroad, said Steve Rosenthal of the Tax Policy Center.

Second, the bill sets the “routine” return at 10 percent — far more generous than would typically be the case. Such allowances are normally fixed a couple of percentage points above risk-free Treasury yields, which are currently around 2.4 percent.

As a result, a U.S. corporation that builds a $100 million plant in another country and makes a foreign profit of $20 million would pay roughly $1 million in tax versus $4 million on the same profit if earned in the United States, said Rosenthal, who has been a tax lawyer for 25 years and drafted tax legislation as a staffer for the Joint Committee on Taxation.

Finally, the minimum levy would be calculated on a global average rather than for individual countries where a corporation operates. So a U.S. multinational could lower its tax bill by shifting profit from U.S. locations to tax havens such as the Cayman Islands."


#MAGA

The 600 pound gorilla in that room is health insurance.

I have no problem saying that the last 4 years under Obama business has been good. It's only getting better.

I second this!

+1

Yeah...everyone said "That muzzy S.O.B. is finally gone. Now we can get back to business!" It was like a switch was pulled right after the election.

The real question is how much better those years would of been under Romney, or a real Republican.

Are you starvin" him, I thought it used to be an 800 LB gorilla?

But yes, I hear stories of people paying $1000 to $2000 per month for health insurance. I also wonder how many $50,000 household incomes spend
$3000 per year on cigarettes, more than that per year on beer, whiskey, etc, and perhaps an even $1000 per month on pot, coke, crystal, or any number of other drugs. Choices!!

Don't know. I take a pile of business owners fishing. They all complain they can't hire enough people and they all say the economy is screaming. Been like that for four years. First thing they cut is fishing trips to Alaska. The great recession was brutal and we lost most of the construction crews that came up to fish. When I start commercial trolling more than guiding, it's time to get worried.

The median household income in the US is 59K. The term "middle class" is poorly defined and politicians like it that way. Politicians always talk about the middle class because most people think they are part of it. If you want to look at income distribution you need to look at the household income quintiles which start with the lowest 20% of the income distribution and move up 20% at a time from there. The middle class roughly includes some people in the second quintile (2015 mean income 33K), the third and fourth quintiles and people from the bottom of the fifth quintile (upper limit of the fourth quintile was 112K in 2015). So the middle class might include people with household incomes from 35K to 150K depending on where you live since living costs vary a lot by region.

Reasonable economist estimates are he cost us 1.5% GDP growth per year.

Our GDP should be about 2 trillion a year more than it is currently.

The only people who might pay more are those who pay a lot of state & local taxes as only $10,000 is deductible.