POSSIBLE RECESSION and starting as and Owner Operator?

Preach On!

 

Now that's a good thought! Flat tax has been tossed around for years....but I don't think it will ever pass.

 

Well Jerome Powell is worth north of 100 million so I don’t think it affects him too awfully much. He was also an original appointment of the previous President. When you have the current President both privately and publicly pleading to not raise anymore, and he keeps raising it starts to look suspicious in light of all the underhanded attacks from both parties against this President. Ffs.. they are still pushing the Russia narrative. LOL all Made up bs to cause distrust and hopefully impeachment.. Anyway, sorry bull haulers wife, I’ll stop.

 

Flat tax sounds great! If the bottom 50% even paid 5% in taxes or even 1% I’d be thrilled!

 

It's my understanding that he leased a truck from Prime, not just leased on with Prime with his truck. Leasing a truck from any trucking company is bad business practice. Can you make a living leasing a truck? Sure you can, but you can make a lot more and not work nearly as hard by going any other route to obtain a truck.

As far as leasing on with somebody with your truck, I wouldn't do that myself either, but I don't see a real problem with people doing that, as long as they pay well.

Bottom line is, you keep doing poor people things, you'll continue to be poor. You start acting like wealthy people, the wealth will come. Wealthy people don't do things like lease/purchases and get up to their eyeballs in debt. Now some will say they don't have to because they are wealthy. I will submit to you that they are wealthy because they don't do things like lease/purchase and big loans.

 

Flat tax would be great, but it would never pass. People on both sides of the isle like to play class warfare too much.

Lets say you have a flat tax of 10%. You make $1,000, you pay $100. You make $1,000,000, you $100,000. Everybody pays.

 

What you said about doing poor people things you'll keep being poor etc., the richest guy I know, not entirely sure what he worth but it's gotta be several million, wears his shoes through the sole and the duct tapes them and wears them some more. This same guy drives a late 80s Chevy caprice, his pickup is a 90s power stroke that he says he won't sell till it's got 500k on it, a little on the tight side.

 

You should cut ties immediately as he is an evil 1%’r. Or shame him until he gives his money to others. lol.

Your so right though. My grandparents lived through the depression poor as dirt and became self made millionaires. Not that I’ve saw or wanted a penny of it. My grandma would wear slippers wrapped in duck tape and one time I got her a new pair, she made me return them and proceeded to chew my ### for spending the money. Haha.

It’s a mindset, and one that I adopted from them and I only hope to become a self made millionaire myself. Even if it means losing liberal friends along the way.

 

I don't know that anyone can really predict the recession, at least accurately. Right now we have record level unemployment and our GDP has grown much more than in years past. The underlying factors are stable right now. The world economy itself is slowing down, so we'll have to see what happens with ours.

The trade war is necessary. Somewhere along the line this had to happen. And it's not just about the trade deficit, it's about the intellectual property that the Chinese steal, and many many other things that they're propped up on marching toward world domination. It is also imperative that we have more jobs here in the United States and knock it off with all the Outsourcing and our companies running to other countries and employing their people . It is a slippery slope having a trade war with China when we really need them to help control North Korea, while making sure that our own economy continues chugging along. If I were president under those types of situations I too would be nervous about interest rates going up.

Most presidents make good decisions and bad decisions. We'll have to see how it goes. But let's not kid ourselves. There is a whole faction of very very powerful people that would be very content for our economy to crash just to watch this particular president fail.

If businesses have lower taxes and they buy more equipment and employ more people, that's a great thing. I myself don't think that a real recession is coming at least very soon. But I do have to say if in the future Things become "socialized" I can't even begin to imagine what would happen to our economy.

Hopefully, they will take it easy with the interest rates and business in the US will continue to be able to borrow and grow their businesses and stimulate the economy.

 

I bet he doesn't owe anybody a dime.