Option Queen Letter By the Option Royals Jeanette Young, CFP ® , CMT, M.S. and Jordan Young, CMT 4305 Pointe Gate Drive Livingston, New Jersey 07039 www.OptnQueen.com [email protected]November 22, 2015 We are fortunate to live in a free country where we are allowed to express our feelings. No matter what people say there is a freedom here for both men and women which all enjoy whether they are visitors to our shores or residents. To learn how precious this freedom is, travel to another country where these freedoms are not permitted and you will understand all too quickly how lucky we are. Along with these freedoms comes a responsibility for those who reap their benefits to protect them. The current increase in wages is not going to solve the economic problems of average wage earner. Raising interest rates certainly won’t help those living on the edge. We agree that the FOMC cannot remain at zero indefinitely but something is really wrong with their thesis. We have been at zero interest rates for almost a decade and have not seen the economy expand. That is because the benefits of zero interest rates flows to the wealthiest of the population and not the average worker. Until the FOMC begins to understand this, we are doomed to this shallow economic expansion. Our tax code is antiquated and oppressive….it takes scholars to understand and interpret the rules. The system is so screwed up that multi-millionaires like Warren Buffett with enormous passive income get both Medicare and social security. Remember the time when Buffett stated that he pays less in taxes than does his secretary? Yes they paid into the system but do they really need those few dollars to survive. We would rather see the money returned to the coffers and keep the system going for a while longer. As to the tax code, a Value Added Tax would be a fair tax to the average tax payer. All those people demanding cash for services rendered would finally pay their fair share. There should be a levy for earnings from both passive and ordinary incomes that are greater than $250.000 and the rest of us should not have to pay any tax or a very moderate flat tax.. We should sell the real-estate that the IRS owns and return the money to the
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Option Queen Letter By the Option Royals
Jeanette Young, CFP®, CMT, M.S. and Jordan Young, CMT
4305 Pointe Gate Drive Livingston, New Jersey 07039