Trump's Tax Cuts Are Approved By The House - My Honest Thoughts

"extending the tax cuts and jobs act which was passed in 2017 because it's set to expire in the end of 2025"

"the $2 trillion in spending cuts by the government"

"the Proposal if it gets signed would completely reform and reshape our federal budget because it calls for 4 and a half trillion dollar in tax cuts and then an additional $2.5 trillion in spending cuts"

"the government spent the $4.9 trillion that it generated from taxes plus almost $2 trillion more"

"that hidden tax shows up in the form of inflation"

"in 1971 president Richard Nixon took the dollar off of the gold standard so our dollars are no longer backed by a precious metal"

"we printed between 2020 and 2021 about $5 trillion"

"the stock market over that same time period grew by around 80%"

"our economy needs recessions"

"if inflation comes from government spending because all government spending is some form of tax either that tax can be passed through Congress or it can be a hidden tax which is inflation"

"the average person cannot some people can if you have a very high paying job we've generally seen those people be able to out earn inflation CEO pays have out earn inflation but the average income the median household has not"

"our economic system is designed for investors to win"

"money flows to investors when you go spend money at Chipotle who is the biggest beneficiary it's not the employees I mean yeah they get to keep their job if people are eating there but the extra dollars are going to the owners of Chipotle that's who's getting all the benefit who's the owner of Chipotle it's the investors it's the people that invest in the Chipotle stock"

"inflation benefits in the investor I explained this to you in this video when you have inflation happen who wins it's the investors because those extra dollars that have to be spent when groceries become more expensive when flights become more expensive when cars become more expensive those extra dollars ultimately go to the hands of the owners who are the investors"

"our tax code taxes you differently based off of how you earn your money if you are a W2 employee you pay the highest tax rates that a tax code has to offer it's called ordinary income tax rates some people call them earned income tax rates same thing those are the highest tax tax rates that our tax code has you also qualify for the least amount of deductions when you become an investor you fall into a different bucket of income category you're no longer earning money this is considered portfolio income sometimes passive income depending on how you're generating your investment income this investment income your capital gains comes with lower tax rates and potentially higher tax breaks depending on how you earn that money"