Getting it Right - Welcome

The goal of this blog is to publish my thoughts on a variety of economic and political topics in the hopes that people who find them educational or beneficial will utilize them and/or forward to others who might find them interesting and/or worthwhile to promote to others, possibly including politicians who can push some of these ideas to fruition. The topics in my blog are meant to be of value on a long term basis, not a daily diary or political issue of the day log. If the information posted is useful to you, by all means utilize it and/or forward it as you see fit. If not useful, then merely ignore it. There are no universally agreed upon truisms and too little tolerance between some of those with opposing viewpoints to successfully convince the people with hardened opinions to move away from them. I am an analytical type person who will try to be as factual as I am able.

I disdain the current popularity of name calling and condemnation of viewpoints with no factual alternatives or logical solutions given that I see so often. If you don't have a solution based on fact and logic, then opt out of the discussion because you have nothing to contribute. My background is a degree in Economics from the University of Michigan and 39 years working in middle management jobs for a major retailer. My opinions are forged on the personal experence of life, family, friends, and work as well as triumphs and mistakes that I have made and hopefully learned from. My hope is that this blog helps you.

My first topic will be about personal finance. I chose that one first because most of us work long and hard just to survive but not all of us realize our dreams of becoming financially independent from the labors of our work. Much of our political votes/thinking also focus on the economy and in particular how well we are personally doing financially.

It is relatively simple, without sacrificing the enjoyment of living for 'today' and even at moderate incomes, to retire as a millionaire or multi-millionaire, if you focus on that goal consistently from a young age. It is also simple to ensure that your child or grandchild retires rich. It merely requires a one time gift of just $2,000 invested wisely and the passage of time. Please read my first post on this blog to learn more.


Getting it right on Politics, Economics, and Personal Finance

An index/schedule of past and future posts and their dates will always be updated so that it becomes the first post that you see below. If the date of a post that you wish to read is preceded by the word "Posted", then find it below or click on the title in the Blog archive to review.

Blog Archive

Saturday, August 10, 2024

2024 Trump Policies That Will Benefit You

                                          2024 Trump Policies That Will Benefit You

1. Reducing tax rates for people and corporations.

Your take home pay will go up as will your standard of living as a consequence. Corporations will have more money to expand their businesses and thus grow the economy. Plus corporations will have more money and opportunities for new hires, raises, and promotions. Plus they will be more competitive with foreign corporations, increasing exports and thus jobs in America. Plus foreign companies, as they did when Trump lowered taxes in his first term as President, move more production to America thus increasing job opportunities for Americans. Finally, historically, Federal tax revenues will increase faster with lower tax rates due to more people working and paying taxes.

2. Repealing Energy Drilling Restrictions imposed by Biden-Harris.

We became energy independent during the first Trump Presidency due to his energy policies. Harris-Biden restricted energy drilling causing energy prices to rise which significantly increased the cost of production and services, plus the cost of driving a car and heating and cooling your home. That fueled massive inflation that has hurt all of us. We are no longer energy independent due to Harris-Biden and must buy much more expensive and dirtier fuel from other nations. Inflation will only increase further under Harris as has proposed abolishing fracking which will lead to higher oil imports and more inflation.

3. Repealing the laws requiring auto makers to switch from gasoline cars to battery cars in the near future.

Battery cars are much more expensive to purchase than gasoline cars. Most Americans need and depend on cars for necessary daily transportation. Being forced to purchase battery cars will significantly lower the standard of living of the poor and the middle class. In addition to that, if all cars were battery cars, America has nowhere near the supply of electricity to charge them. Let's also not forget that electricity is generated by fossil fuels, so battery cars are not "energy friendly". Also, their batteries are prone to fires and putting a battery operated car in your garage is a fire risk.

4. Trump will again pull America out of the disasterous Paris Climate Accord.

Trump did that in his first Presidency. Harris-Biden reversed it and rejoined the Paris Climate Accord. This will result in America paying trillions of dollars in "carbon taxes" and hand it over to "developing nations". It is beyond stupid and unaffordable!! Trump will get us out again.

5. Trump Immigration Policies.

America cannot handle the huge influx of millions of illegal immigrants coming here each year. Illegal immigration was much less under Trump policies and he did not need that ridiculously stupid proposed legislation to not do anything about illegal immigration until it reached a point of exceeding 5,000 illegals a day (over 1.8 million a year). We don't have enough housing for all these illegals which is driving up the cost of housing for all of us. Plus, by driving up labor supply, illegals keep wages lower for many of us than otherwise would be if the supply of labor for jobs did not have all these illegals in it.

6. Imports and Export Control Via Tariffs.

Under the first Trump Presidency, by threatening retaliation tariffs for the high tariffs other nations imposed on America's exports, Trump got Mexico, Canada, and much of Europe and Asia to lower their tariffs on American exports. This resulted in a boom for American exports creating more jobs. More work needs to be done. Harris refuses to do it. Trump will get it done.

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