Friday, time to take a break from the insanity. Stocks had another good day yesterday. Investors apparently see no downside from a Biden Presidency. But some are starting to think about what could happen if Biden is able to get his tax policy implemented.
People who have the money will always find a way to avoid taxes. Since Biden promised his tax increases would not apply to people making less than $400,000 you think that doesn't apply to you. You may be in for a surprise. The average person may not be as successful avoiding the tax man. The attached article gives some insight.
New jobless claims were flat but job cuts dropped.
Just finished reading the section of the book "The Fourth Turning" that predicts today's political chaos. Remember the book was written in the 1990's.