Headline on the Financial Times. Obama to target overseas tax breaks. Multinationals face fees on excess returns. Move aimed at cutting record $1.6 trillion deficit.
My point. Make no mistake about it. Corporation do not pay taxes. We do. If their costs rise they are forced to pass these costs to us. We are going to pay the price.
It all comes down to loss of our purchasing power as I have been screaming on this blog. The outcome is slower economic growth with its huge impact on our investment strategy.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest
To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can review The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific money management needs.
I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes.
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