http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
Trump Tax Cut a Bust for Investment and Hiring
When Congress passed the biggest change in the U.S. tax code in thirty years, taxes were cut by $1.5 Trillion. The promise was that U.S. industry would invest that money, hire more people, and raise yearly GDP growth to the 4% range for the indefinite future. That did not all seem to have happened according to recent information. Was the Trump tax cut a bust for investment and hiring? Here are some thoughts on the subject.
Trump Tax Cut a Bust for Investment and Hiring
Fortune explains why the tax cut has not sparked hiring or investment.
The Trump administration’s $1.5 trillion in tax cuts appears to have not made any major impact on businesses’ capital investment or hiring plans, according to a new survey.
A quarterly poll from the National Association for Business Economics published Monday found that some companies reported accelerating investments because of lower corporate taxes, but a whopping 84% of respondents said they had not changed their plans. That’s up slightly from 81% in the previous survey published in October, Reuters reports.
The one bright spot was in goods-producing companies where half reported increased investments and a fifth reported redirecting hiring and investments from offshore to the USA.
Of S&P 500 companies studied by the University of Michigan, only 4% planned to give back part of the tax cut to workers and a fifth anticipated increasing their business-related investments. Small business investment fared better according to the National Federation of Independent Business with 5% increasing their investments while a third increased employee pay.
Harper faced 2008-2009 recession which included demands by the opposition to introduce a stimulus - https://www.slideshare.net/paulyoungcga/fiscal-management-cycle-debt-surpluses-deficits-canada-september-2019
Harper was not perfect and did make mistakes but never had any ethical violations like Trudeau - https://www.cbc.ca/news/politics/mario-dion-report-justin-trudeau-1.5247209
Fiscal Management| Harper vs Justin Trudeau| January 2019paul young cpa, cga
This presentation looks at deficit and debt management by Trudeau and the Liberals. The liberals ran a campaign in 2015 on modest deficits. It is now 2018-2019 as such the deficit is now nearly 19B or about 3x times higher.
Trudeau government did not have the answer for slow growth
Government role with the economy is to support policies that encourage public sector growth
Global economy is competitive. Liberals are introducing hikes to CPP as well as a new Carbon Tax
Governments should neither get all credit for growing economy nor for a slowing economy
Canada’s GDP growth has been consistent for 15+ years and that is rate of about 2.2%.
Liberals infrastructure plan has been very slow which has not help construction industry since they took office in 2015
Liberals are on path to $100B new debt with growth rates same as the past 15+ years
Fiscal Management Cycle| Surpluses (Deficits)| Canada | Harper vs Trudeaupaul young cpa, cga
This presentation explains the fiscal management cycle by year since 2006.
Too many people look at deficit numbers without framing them up in terms of economic cycle
This presentation looks at deficit and debt management by Trudeau and the Liberals. The liberals ran a campaign in 2015 on modest deficits. It is now 2018-2019 as such the deficit is now nearly 19B or about 3x times higher
Fiscal Management| Stephen Harper vs Justin Trudeau| March 2019paul young cpa, cga
The document provides an analysis by Paul Young, CPA, CGA comparing the deficit management of Justin Trudeau and the Liberals to that of Stephen Harper and the Conservatives. It includes Paul Young's biography and introduction, then discusses Harper and Trudeau's promises on small deficits, budget surpluses in 2015 under Harper, and the growing deficit under Trudeau which is now nearly 3 times larger than promised. It also addresses unbudgeted costs of refugees, high spending under Trudeau, and projections that the budget may not be balanced until 2040.
This presentation looks at deficit and debt management by Trudeau and the Liberals. The liberals ran a campaign in 2015 on modest deficits. It is now 2018-2019 as such the deficit is now nearly 19B or about 3x times higher.
Trudeau talks about how LPC deficits are good and CPC deficits are bad. This presentation will highlight how both Trudeau and Harper handle their fiscal management cycle.
Harper faced 2008-2009 recession which included demands by the opposition to introduce a stimulus - https://www.slideshare.net/paulyoungcga/fiscal-management-cycle-debt-surpluses-deficits-canada-september-2019
Harper was not perfect and did make mistakes but never had any ethical violations like Trudeau - https://www.cbc.ca/news/politics/mario-dion-report-justin-trudeau-1.5247209
Fiscal Management| Harper vs Justin Trudeau| January 2019paul young cpa, cga
This presentation looks at deficit and debt management by Trudeau and the Liberals. The liberals ran a campaign in 2015 on modest deficits. It is now 2018-2019 as such the deficit is now nearly 19B or about 3x times higher.
Trudeau government did not have the answer for slow growth
Government role with the economy is to support policies that encourage public sector growth
Global economy is competitive. Liberals are introducing hikes to CPP as well as a new Carbon Tax
Governments should neither get all credit for growing economy nor for a slowing economy
Canada’s GDP growth has been consistent for 15+ years and that is rate of about 2.2%.
Liberals infrastructure plan has been very slow which has not help construction industry since they took office in 2015
Liberals are on path to $100B new debt with growth rates same as the past 15+ years
Fiscal Management Cycle| Surpluses (Deficits)| Canada | Harper vs Trudeaupaul young cpa, cga
This presentation explains the fiscal management cycle by year since 2006.
Too many people look at deficit numbers without framing them up in terms of economic cycle
This presentation looks at deficit and debt management by Trudeau and the Liberals. The liberals ran a campaign in 2015 on modest deficits. It is now 2018-2019 as such the deficit is now nearly 19B or about 3x times higher
Fiscal Management| Stephen Harper vs Justin Trudeau| March 2019paul young cpa, cga
The document provides an analysis by Paul Young, CPA, CGA comparing the deficit management of Justin Trudeau and the Liberals to that of Stephen Harper and the Conservatives. It includes Paul Young's biography and introduction, then discusses Harper and Trudeau's promises on small deficits, budget surpluses in 2015 under Harper, and the growing deficit under Trudeau which is now nearly 3 times larger than promised. It also addresses unbudgeted costs of refugees, high spending under Trudeau, and projections that the budget may not be balanced until 2040.
This presentation looks at deficit and debt management by Trudeau and the Liberals. The liberals ran a campaign in 2015 on modest deficits. It is now 2018-2019 as such the deficit is now nearly 19B or about 3x times higher.
Trudeau talks about how LPC deficits are good and CPC deficits are bad. This presentation will highlight how both Trudeau and Harper handle their fiscal management cycle.
This document compares the economic policies and records of the Harper/CPC and Trudeau/LPC governments in Canada. It discusses GDP growth, deficits, austerity measures, tax policies, global rankings, and issues like affordability, the environment, and poverty. The document provides data and statistics to argue that Trudeau's economic policies have not improved GDP or jobs and that Harper restored funding after austerity cuts while keeping taxes low and competitive globally.
Liberal Party of Canada – Election promises - September 2017paul young cpa, cga
- This document provides a summary of election promises made by the Liberal Party of Canada and an analysis of their fulfillment of these promises since forming the government in 2015.
- Key areas discussed include the economy, taxes, deficits, transparency, and policies impacting small businesses and immigration. It is argued that many promises have been broken or delayed, such as tax cuts for the middle class, and policies have increased taxes rather than lowered them. Deficits have been larger than promised due to lower GDP growth.
- Sources are provided for further details on specific policies and claims.
This presentation will discuss issues facing the Canadian economy as it heads for slower economic growth.
World economies are facing difficulties due to many factors like Brexit or China/USA trade wars or Excessive Government Regulations or lack of investment infrastructure
Geopolitical events in Middle East, South Asia Sea, Government changes in UK, Australia, etc.
This document provides an analysis of Canada's GDP and economic growth under different Prime Ministers. It includes biographical information about the author, Paul Young. Several sources are cited that discuss GDP growth rates and key economic factors under Harper and Trudeau. Justin Trudeau previously criticized Harper's economic record. However, the document argues that Harper pursued various policies to support trade, innovation and economic growth. It also questions whether Trudeau's policies around clean technology and carbon taxation have significantly boosted jobs and growth. Overall, the document takes a skeptical view of claims that Harper damaged the economy and questions whether growth has meaningfully increased under Trudeau.
2015 (CPC) vs 2019 (LPC) - Are Canadians better off in 2019?paul young cpa, cga
This presentation discusses key policy areas including a comparison between 2015 and Liberal Government record. The rankings used can vary a little due to timing of the rankings.
Liberals changed many policies over the years, but very few times does either MSM or social media call out their failures
Trudeau and his team constantly provide data that is neither supported nor completely accurate
Harper was not perfect in terms of his policy, but he was very successful as he faced numerous challenges, i.e. global recession, minority parliament, hostile premiers (i.e. PQ and ON) - https://www.slideshare.net/paulyoungcga/cpc-and-stephen-harper-years-as-prime-minister
2019 Election| Trickle Down Economics| CPC vs LPC | May 2019paul young cpa, cga
This document discusses trickle down economics and the 2019 Canadian election. It provides background on the author and outlines topics to be covered, including what trickle down economics is, corporate and personal taxation, wealth distribution, the middle class, and tax cuts. The presentation aims to discuss misunderstandings around how wealth flows through the economy and the pressures facing the middle class. It also includes a blog post criticizing Prime Minister Trudeau's views on trickle down economics.
Blog – Failure of Trudeanomics
1. Cost of living continues to rise - @JustinTrudeau keeps finding ways to tax people. Trudeau policies are not making things more affordable unless you are friends of the LPC! https://www.slideshare.net/paulyoungcga/cost-of-living-canada-february-2021
2. Housing bubble - https://www.mortgagebrokernews.ca/news/how-likely-is-a-canada-housing-crash-354545.aspx
3. Canada had 15B+ deficit with slower growth before COVID19 - https://ipolitics.ca/2021/03/31/pbo-projects-363-4b-federal-deficit-faster-economic-recovery/
4. Failure to safeguard assets and Canadians - https://www.oag-bvg.gc.ca/internet/English/att__e_43789.html
5. Canada competitiveness slipping - https://www.theguardian.pe.ca/opinion/local-perspectives/kevin-lynch-paul-deegan-atlantic-canada-not-keeping-up-with-the-global-competition-571328/
6. Potential structural issues with unemployment - https://www150.statcan.gc.ca/n1/daily-quotidien/210312/dq210312a-eng.htm
7. Trudeau promised open and transparent government which did not happen
8. Trudeau green reset is also a mistake as internal reports have shown issues with his subsidies program –
Few green energy projects are viable without subsidies, says an internal report at the Department of Natural Resources. Auditors called it a market failure: “Analysis of the financial information was revealing.”
https://www.blacklocks.ca/green-power-subsidy-fueled/
I support green technology if it is viable without direct subsidies.
https://www.slideshare.net/paulyoungcga/protecting-the-environment-through-proper-balance-between-economic-and-economic-policies (3/21)
https://www.slideshare.net/paulyoungcga/2019-election-direct-and-indirect-subsidies-to-businesses-august-2019 (Business subsidies are corporate welfare but gets ignored when these subsidies go to clean technology companies
Answers are with how you better manage the circular economy - https://www.slideshare.net/paulyoungcga/how-to-maximized-the-circular-economy-244067365
9. Slow growth
GDP was running 1.6% at the end of 2019 which is down nearly 40% from 2017.
GDP was in trouble pre-covid19.
2016 https://www.slideshare.net/paulyoungcga/2016-november-2016-gdp-gross-domestic-product-canada
2018 https://www.slideshare.net/paulyoungcga/gdp-canada-the-real-truth
Oct/19 - https://www.slideshare.net/paulyoungcga/global-growth-and-the-major-issues-facing-global-gdp
Jan/21 - https://www.slideshare.net/paulyoungcga/gdp-analysis-and-commentary-canadajanuary-2021
10. Forestry
https://www.slideshare.net/paulyoungcga/what-is-next-for-the-forestry-sector-january-2021
Global Forest Watch found that the world’s forests sequestered about twice as much CO2 as they emitted between 2001 and 2019.
CAN has 9% of the total forest as such this would mean CAN is a carbon sink. So, why does CAN need a carbon tax?
@SeamusORegan
2019 Election| World Economy| Slow Growth| Canada| July 2019paul young cpa, cga
The document discusses issues facing Canada's slowing economic growth and potential solutions. It analyzes GDP trends, key industries, employment, exports and other factors. The economic advisory council is proposing ideas like increasing immigration, retraining workers, and public-private infrastructure projects to boost growth. However, there are no easy fixes as many interconnected challenges contribute to slow growth. The government will need to pursue pro-business policies while balancing the budget to create an environment where new industries and jobs can thrive.
Canada has been going through a period of slow growth since 2018. The inaction of the Liberals through bad tax policies along regulatory burden have expedited the slow growth. The Liberals approach was not about reforming govt, but growing the size and cost of govt.
This document provides an overview and analysis of issues facing the Canadian economy as it heads for slower economic growth. It summarizes GDP forecasts showing slowing global growth. For Canada specifically, it notes the IMF forecasting lower growth than previous estimates and discusses factors impacting Canadian GDP such as commodity prices, consumer demand, and government policies. Key sectors of the Canadian economy like goods production and exports are examined. Potential policy solutions discussed include investing in infrastructure, education and retraining to support new industries, and trade agreements to boost exports.
Social Spending and Taxation| Government| Sustainability| April 2019paul young cpa, cga
This presentation looks at social policy and income inequality as way to highlight the pressure facing government spending around the world.
Countries around the world need to reform their tax policies
Countries around the world need to emphasize value for money as part of delivering program spending.
There needs to be a proper balance between the environment and the economy.
There is middle ground to be achieve between providing social programs and the right level of taxation
2019 Election| Retirement| Payroll Tax| CPP | Canada| August 2019paul young cpa, cga
Here is a review of CPP including the fact CPP is payroll tax. The only difference between CPP and Income tax is that CPP goes to specific fund that the government cannot touch directly.
Every year PSMJ does a forecast of the various architecture, engineering, and construction (A/E/C) markets. This year, we present PSMJ’s A/E/C Market Outlook: How do the A/E/C Markets Look in 2016 and Beyond? This report covers A/E/C industry and market trends for 2015 and 2016.
We begin by looking at trends in the overall economy–especially those trend that affect A/E/C firms. Next, we detail what is happening specifically in the A/E/C industry right now.
Then we present our outlook for next year and beyond—what we think is going to happen in the various market sectors. We look at which markets are up and which markets are down.
And finally, we conclude with recommendations on what A/E/C firms should to do to be successful in 2016 and beyond.
201 Election| Canada and World| Slow Economic Growth| August 2019paul young cpa, cga
I have written many blogs on GDP as such GDP was never what at Justin Trudeau made it out to be for Canada.
There are few major things driving the issues
1. Brexit (UK split from EU)
2. Global Protectionism policies
3. WTO not being reformed
4. Too much push for carbon tax and the climate change agenda
5. Too many governments focusing on keynesian economics.
6. Global immigration and integration
7. Anti-Natural Resources agenda
8. Automation (internet of things, machine learning, AI)
9. Lack of quality in terms of government leaders
10. Too many governments are pushing radical agendas including regressive taxation.
Fiscal management – Conservative Party of Canada - PM Harperpaul young cpa, cga
Many articles have been written on how PM Harper was poor fiscal management. Yet many of the articles either never deal with recession which included a stimulus or the fact austerity measures of required in the 1990s forced the government to put moneys back into the system through wealth distribution (Transfer to people and provinces)
Trudeau failed to properly implement Keynesian economics in Canada. Keynesian economics advocates for increased government spending and lower taxes to stimulate demand during economic downturns. However, Trudeau introduced tax hikes, poor fiscal management, and regressive policies like carbon taxes that hurt the economy rather than stimulate it. Additionally, private investment and business expansion are key drivers of job growth, not just increased government spending. While Keynesian policies may work in theory, Trudeau failed to execute them effectively in practice.
There are more to fixing income inequality than making changes to social programs. There needs to be emphasis on all angles of policies from training/skills development to Economic Development to Tax fairness to cutting regulatory burden/businesses.
http://profitableinvestingtips.com/investing-trading/is-the-economy-strong-or-weak
Is the Economy Strong or Weak?
The stock market is a forward looking institution. That is to say investors and traders buy and sell based on their beliefs about what tomorrow will bring. However, the eventual price of any given stock always moves toward its intrinsic value, its value based on forward looking earnings. Looking forward the market has moved up with the election of Donald Trump because investors have expected to see tax cuts, infrastructure spending, repatriation of offshore corporate cash and a lot of deregulation. But not all sectors of the economy are doing well so the stock market advance is not spread out across all stocks. And when the Trump economic band wagon gets stuck in the mud of its own making the market drops back. No matter what the politics of the day the US economy is what drives stocks. Is the economy strong or weak? The New York Times notes that stocks tumble as chaos roils the White House.
Stocks in the United States were down sharply in midday trading. The Dow Jones industrial average, the Nasdaq and the Standard & Poor’s 500-stock index each were down more than one percent.
Here are the reasons they cite for the drop in stock prices.
One) Trump firing an FBI director after asking to have an investigation dropped involving a Trump advisor and Trump sharing sensitive intelligence information in a chat with the Russian ambassador. How this affects stocks is that investors believe that the government will get bogged down these issues and the economic agenda they dreamed of will not be enacted.
Two) Economic weakness is more of an issue than the market would indicate. Most of the run up in stock prices has been from a few tech stocks while car makers and retailers are hurting.
The VIX options fear index is up 20% after resting at low levels. Investors are looking beyond the hype and seeing a weaker economy. Will this be the end of the bull market and if so how bad could it get?
Trump Bump to Backlash
Remember that the market always looks ahead. Optimism has driven stocks up but pessimism could take things down in a hurry. CNBC looks at a possible inverse Trump effect.
The document is a summary and analysis of Canada's GDP and job market by Paul Young, CPA. It discusses various factors that influence GDP, including government spending, consumer spending, taxation and business returns. While governments often take credit for strong economies, 2/3 of GDP is typically driven by consumer spending. Higher taxes can reduce consumers' disposable income and lead to less spending. The document analyzes GDP and employment data from various periods under Liberal and Conservative governments in Canada. It argues the Liberals' policies of tax increases and canceled pipelines have negatively impacted GDP growth and job opportunities compared to under the previous Conservative government.
This document compares the economic policies and records of the Harper/CPC and Trudeau/LPC governments in Canada. It discusses GDP growth, deficits, austerity measures, tax policies, global rankings, and issues like affordability, the environment, and poverty. The document provides data and statistics to argue that Trudeau's economic policies have not improved GDP or jobs and that Harper restored funding after austerity cuts while keeping taxes low and competitive globally.
Liberal Party of Canada – Election promises - September 2017paul young cpa, cga
- This document provides a summary of election promises made by the Liberal Party of Canada and an analysis of their fulfillment of these promises since forming the government in 2015.
- Key areas discussed include the economy, taxes, deficits, transparency, and policies impacting small businesses and immigration. It is argued that many promises have been broken or delayed, such as tax cuts for the middle class, and policies have increased taxes rather than lowered them. Deficits have been larger than promised due to lower GDP growth.
- Sources are provided for further details on specific policies and claims.
This presentation will discuss issues facing the Canadian economy as it heads for slower economic growth.
World economies are facing difficulties due to many factors like Brexit or China/USA trade wars or Excessive Government Regulations or lack of investment infrastructure
Geopolitical events in Middle East, South Asia Sea, Government changes in UK, Australia, etc.
This document provides an analysis of Canada's GDP and economic growth under different Prime Ministers. It includes biographical information about the author, Paul Young. Several sources are cited that discuss GDP growth rates and key economic factors under Harper and Trudeau. Justin Trudeau previously criticized Harper's economic record. However, the document argues that Harper pursued various policies to support trade, innovation and economic growth. It also questions whether Trudeau's policies around clean technology and carbon taxation have significantly boosted jobs and growth. Overall, the document takes a skeptical view of claims that Harper damaged the economy and questions whether growth has meaningfully increased under Trudeau.
2015 (CPC) vs 2019 (LPC) - Are Canadians better off in 2019?paul young cpa, cga
This presentation discusses key policy areas including a comparison between 2015 and Liberal Government record. The rankings used can vary a little due to timing of the rankings.
Liberals changed many policies over the years, but very few times does either MSM or social media call out their failures
Trudeau and his team constantly provide data that is neither supported nor completely accurate
Harper was not perfect in terms of his policy, but he was very successful as he faced numerous challenges, i.e. global recession, minority parliament, hostile premiers (i.e. PQ and ON) - https://www.slideshare.net/paulyoungcga/cpc-and-stephen-harper-years-as-prime-minister
2019 Election| Trickle Down Economics| CPC vs LPC | May 2019paul young cpa, cga
This document discusses trickle down economics and the 2019 Canadian election. It provides background on the author and outlines topics to be covered, including what trickle down economics is, corporate and personal taxation, wealth distribution, the middle class, and tax cuts. The presentation aims to discuss misunderstandings around how wealth flows through the economy and the pressures facing the middle class. It also includes a blog post criticizing Prime Minister Trudeau's views on trickle down economics.
Blog – Failure of Trudeanomics
1. Cost of living continues to rise - @JustinTrudeau keeps finding ways to tax people. Trudeau policies are not making things more affordable unless you are friends of the LPC! https://www.slideshare.net/paulyoungcga/cost-of-living-canada-february-2021
2. Housing bubble - https://www.mortgagebrokernews.ca/news/how-likely-is-a-canada-housing-crash-354545.aspx
3. Canada had 15B+ deficit with slower growth before COVID19 - https://ipolitics.ca/2021/03/31/pbo-projects-363-4b-federal-deficit-faster-economic-recovery/
4. Failure to safeguard assets and Canadians - https://www.oag-bvg.gc.ca/internet/English/att__e_43789.html
5. Canada competitiveness slipping - https://www.theguardian.pe.ca/opinion/local-perspectives/kevin-lynch-paul-deegan-atlantic-canada-not-keeping-up-with-the-global-competition-571328/
6. Potential structural issues with unemployment - https://www150.statcan.gc.ca/n1/daily-quotidien/210312/dq210312a-eng.htm
7. Trudeau promised open and transparent government which did not happen
8. Trudeau green reset is also a mistake as internal reports have shown issues with his subsidies program –
Few green energy projects are viable without subsidies, says an internal report at the Department of Natural Resources. Auditors called it a market failure: “Analysis of the financial information was revealing.”
https://www.blacklocks.ca/green-power-subsidy-fueled/
I support green technology if it is viable without direct subsidies.
https://www.slideshare.net/paulyoungcga/protecting-the-environment-through-proper-balance-between-economic-and-economic-policies (3/21)
https://www.slideshare.net/paulyoungcga/2019-election-direct-and-indirect-subsidies-to-businesses-august-2019 (Business subsidies are corporate welfare but gets ignored when these subsidies go to clean technology companies
Answers are with how you better manage the circular economy - https://www.slideshare.net/paulyoungcga/how-to-maximized-the-circular-economy-244067365
9. Slow growth
GDP was running 1.6% at the end of 2019 which is down nearly 40% from 2017.
GDP was in trouble pre-covid19.
2016 https://www.slideshare.net/paulyoungcga/2016-november-2016-gdp-gross-domestic-product-canada
2018 https://www.slideshare.net/paulyoungcga/gdp-canada-the-real-truth
Oct/19 - https://www.slideshare.net/paulyoungcga/global-growth-and-the-major-issues-facing-global-gdp
Jan/21 - https://www.slideshare.net/paulyoungcga/gdp-analysis-and-commentary-canadajanuary-2021
10. Forestry
https://www.slideshare.net/paulyoungcga/what-is-next-for-the-forestry-sector-january-2021
Global Forest Watch found that the world’s forests sequestered about twice as much CO2 as they emitted between 2001 and 2019.
CAN has 9% of the total forest as such this would mean CAN is a carbon sink. So, why does CAN need a carbon tax?
@SeamusORegan
2019 Election| World Economy| Slow Growth| Canada| July 2019paul young cpa, cga
The document discusses issues facing Canada's slowing economic growth and potential solutions. It analyzes GDP trends, key industries, employment, exports and other factors. The economic advisory council is proposing ideas like increasing immigration, retraining workers, and public-private infrastructure projects to boost growth. However, there are no easy fixes as many interconnected challenges contribute to slow growth. The government will need to pursue pro-business policies while balancing the budget to create an environment where new industries and jobs can thrive.
Canada has been going through a period of slow growth since 2018. The inaction of the Liberals through bad tax policies along regulatory burden have expedited the slow growth. The Liberals approach was not about reforming govt, but growing the size and cost of govt.
This document provides an overview and analysis of issues facing the Canadian economy as it heads for slower economic growth. It summarizes GDP forecasts showing slowing global growth. For Canada specifically, it notes the IMF forecasting lower growth than previous estimates and discusses factors impacting Canadian GDP such as commodity prices, consumer demand, and government policies. Key sectors of the Canadian economy like goods production and exports are examined. Potential policy solutions discussed include investing in infrastructure, education and retraining to support new industries, and trade agreements to boost exports.
Social Spending and Taxation| Government| Sustainability| April 2019paul young cpa, cga
This presentation looks at social policy and income inequality as way to highlight the pressure facing government spending around the world.
Countries around the world need to reform their tax policies
Countries around the world need to emphasize value for money as part of delivering program spending.
There needs to be a proper balance between the environment and the economy.
There is middle ground to be achieve between providing social programs and the right level of taxation
2019 Election| Retirement| Payroll Tax| CPP | Canada| August 2019paul young cpa, cga
Here is a review of CPP including the fact CPP is payroll tax. The only difference between CPP and Income tax is that CPP goes to specific fund that the government cannot touch directly.
Every year PSMJ does a forecast of the various architecture, engineering, and construction (A/E/C) markets. This year, we present PSMJ’s A/E/C Market Outlook: How do the A/E/C Markets Look in 2016 and Beyond? This report covers A/E/C industry and market trends for 2015 and 2016.
We begin by looking at trends in the overall economy–especially those trend that affect A/E/C firms. Next, we detail what is happening specifically in the A/E/C industry right now.
Then we present our outlook for next year and beyond—what we think is going to happen in the various market sectors. We look at which markets are up and which markets are down.
And finally, we conclude with recommendations on what A/E/C firms should to do to be successful in 2016 and beyond.
201 Election| Canada and World| Slow Economic Growth| August 2019paul young cpa, cga
I have written many blogs on GDP as such GDP was never what at Justin Trudeau made it out to be for Canada.
There are few major things driving the issues
1. Brexit (UK split from EU)
2. Global Protectionism policies
3. WTO not being reformed
4. Too much push for carbon tax and the climate change agenda
5. Too many governments focusing on keynesian economics.
6. Global immigration and integration
7. Anti-Natural Resources agenda
8. Automation (internet of things, machine learning, AI)
9. Lack of quality in terms of government leaders
10. Too many governments are pushing radical agendas including regressive taxation.
Fiscal management – Conservative Party of Canada - PM Harperpaul young cpa, cga
Many articles have been written on how PM Harper was poor fiscal management. Yet many of the articles either never deal with recession which included a stimulus or the fact austerity measures of required in the 1990s forced the government to put moneys back into the system through wealth distribution (Transfer to people and provinces)
Trudeau failed to properly implement Keynesian economics in Canada. Keynesian economics advocates for increased government spending and lower taxes to stimulate demand during economic downturns. However, Trudeau introduced tax hikes, poor fiscal management, and regressive policies like carbon taxes that hurt the economy rather than stimulate it. Additionally, private investment and business expansion are key drivers of job growth, not just increased government spending. While Keynesian policies may work in theory, Trudeau failed to execute them effectively in practice.
There are more to fixing income inequality than making changes to social programs. There needs to be emphasis on all angles of policies from training/skills development to Economic Development to Tax fairness to cutting regulatory burden/businesses.
http://profitableinvestingtips.com/investing-trading/is-the-economy-strong-or-weak
Is the Economy Strong or Weak?
The stock market is a forward looking institution. That is to say investors and traders buy and sell based on their beliefs about what tomorrow will bring. However, the eventual price of any given stock always moves toward its intrinsic value, its value based on forward looking earnings. Looking forward the market has moved up with the election of Donald Trump because investors have expected to see tax cuts, infrastructure spending, repatriation of offshore corporate cash and a lot of deregulation. But not all sectors of the economy are doing well so the stock market advance is not spread out across all stocks. And when the Trump economic band wagon gets stuck in the mud of its own making the market drops back. No matter what the politics of the day the US economy is what drives stocks. Is the economy strong or weak? The New York Times notes that stocks tumble as chaos roils the White House.
Stocks in the United States were down sharply in midday trading. The Dow Jones industrial average, the Nasdaq and the Standard & Poor’s 500-stock index each were down more than one percent.
Here are the reasons they cite for the drop in stock prices.
One) Trump firing an FBI director after asking to have an investigation dropped involving a Trump advisor and Trump sharing sensitive intelligence information in a chat with the Russian ambassador. How this affects stocks is that investors believe that the government will get bogged down these issues and the economic agenda they dreamed of will not be enacted.
Two) Economic weakness is more of an issue than the market would indicate. Most of the run up in stock prices has been from a few tech stocks while car makers and retailers are hurting.
The VIX options fear index is up 20% after resting at low levels. Investors are looking beyond the hype and seeing a weaker economy. Will this be the end of the bull market and if so how bad could it get?
Trump Bump to Backlash
Remember that the market always looks ahead. Optimism has driven stocks up but pessimism could take things down in a hurry. CNBC looks at a possible inverse Trump effect.
The document is a summary and analysis of Canada's GDP and job market by Paul Young, CPA. It discusses various factors that influence GDP, including government spending, consumer spending, taxation and business returns. While governments often take credit for strong economies, 2/3 of GDP is typically driven by consumer spending. Higher taxes can reduce consumers' disposable income and lead to less spending. The document analyzes GDP and employment data from various periods under Liberal and Conservative governments in Canada. It argues the Liberals' policies of tax increases and canceled pipelines have negatively impacted GDP growth and job opportunities compared to under the previous Conservative government.
This presentation looks at deficit and debt management by Trudeau and the Liberals. The liberals ran a campaign in 2015 on modest deficits. It is now 2018-2019 as such the deficit is now nearly 19B or about 3x times higher
http://profitableinvestingtips.com/profitable-investing-tips/why-are-shipping-stocks-up
Why Are Shipping Stocks Up?
A surprise result of the election of Donald Trump is that shipping stocks are up. This is the guy who promises a trade war with China and Mexico if not everyone else. Forbes writes about the Donald Trump shipping stock boom.
Euroseas is a tiny Greek shipping company with a fleet of 12 vessels and a penny stock traded on Nasdaq. On Tuesday, Euroseas’ shares rose by 100%. Since Donald Trump was elected president, Euroseas’ stock has nearly quadrupled. Seanergy Maritime, another small dry bulk shipping company that moves grain and coal, saw its shares soar by 75% on Tuesday. Shares of DryShips, a Greek shipping company that recently looked like it could be headed for bankruptcy, have climbed by 1,400% since Election Day.
What is going on here? It would appear that people are expecting an economic boom in the USA. We recently asked how the market would respond to a Trump victory.
Trump is essentially proposing another round of supply side economics in which taxes are cut, especially for the wealthy, with the intent that subsequent investment generates more jobs and wealth.
There is talk that he will also cut a deal to reduce taxes on money repatriated from offshore accounts by US corporations. Why shipping stocks are up is because traders believe that tax cuts, repatriated money and infrastructure spending will drive the American economy higher. That means more imported raw materials and, perhaps, more sales overseas. That latter part, however, is problematic. Supply side programs often lead to inflation and we questioned if how the market would respond to inflation.
This document provides an analysis of deficits under Justin Trudeau and Stephen Harper as Prime Ministers of Canada. It includes a biography of author Paul Young, and sections comparing Trudeau and Harper's management of small deficits. Additional sections analyze Trudeau's increasing of deficits to nearly $19 billion compared to his campaign promises of modest deficits, and the costs of refugee resettlement. Charts are presented on the federal budget surplus in 2015 and projections of future deficits. Comments critique Trudeau's deficits and spending compared to economic growth rates under Harper.
Fiscal Management| Justin Trudeau vs Stephen Harper| April 2019paul young cpa, cga
Trudeau has grown spending on average 5.2% or about 2.5 times GDP
Trudeau has committed $2.65B or more to the United Nationals
Canada was hit with GDP drop in 2016 due to wild fires in Alberta. Justin Trudeau two year average for GDP growth is 2.0% which is on par with the past 16+ years
Liberals ran election campaign on $10B deficits and now claim part of the $22B deficits are structural issues left by the CPC
Canada has a structural deficit as revenues continue to be challenge through slow growth. - https://www.slideshare.net/paulyoungcga/canada-and-slow-growth-april-2019
Liberals cannot get goods to market despite seeing an uptick with commodity prices - https://www.slideshare.net/paulyoungcga/important-of-exports-canada-global-trade
Real truth - Canada and United States - GDP - January 2018paul young cpa, cga
GDP is key measurement for a country. Allot is said about GDP, especially by various government. The reality is government gets to much credit for booming economy and too much fault for recession.
There are many factors drive GDP including taxation, business returns, consumer spending and government spending. 2/3 of economies tend to be driven by consumer spending. If you set policies that takes more money out people’s pocket book then that will lead to less consumer spending.
Canada no longer has the fastest growing economy in the G-7 - http://www.gbm.scotiabank.com/English/bns_econ/forecast.pdf
I tell you, even rocks crack, And not because of age.For years.docxwilcockiris
I tell you, even rocks crack,
And not because of age.
For years they lie on their backs
In the heat and the cold,
So many years,
It almost seems peaceful.
They don’t move, so cracked stay hidden.
A kind of pride.
Years pass over them, waiting.
Whoever is going to shatter them
Hasn’t come yet.
And so the moss flourishes, the seaweed whips around,
The sea pushes through and rolls back
The rocks seem motionless.
Till a little seal comes to rub against them,
Comes and goes away.
And suddenly the rock has an open wound.
I told you,when rocks break, it happens by surprise.
And people,too.
interoffice memorandumto:
Kara Cobb, CEOfrom:subject:
Maya Angelou once said, “You may encounter many defeats, but you must not be defeated. In fact, it may be necessary to encounter the defeats, so you can know who you are, what you can rise from, how you can still come out of it.” Despite the state of the economy over the past six years and the flat first quarter’s sales, our company is poised to be successful once again. Tough times don’t last tough people do, and if these last six years have showed us anything, it’s that we can overcome any obstacle that lies in our way. People will always need plumbing parts and hardware regardless of the economic state of the country. Thanks to our longstanding relationships with companies such as Delta, American Standard, and Kohler, we will continue to provide our exceptional products and services as the revival of the U.S. economy blooms into fruition. Without a doubt, America’s economy has vastly improved since the recession, but recent policy changes made by the current administration in the White House may be the key to our growth and success. The U.S. GDP has been below the normal average by 3% over the last decade and America is going to take action in an effort to alleviate this problem. According to analysis done by the Congressional Budget Office, more than 70% of the corporate tax burden falls the workforce of America. With this burden, workers across the country have less money to spend on housing and equipment most home owner need. The tax cut will cut the Federal corporate tax rate by 15% and give business the opportunity to write off non-structure capital investments. This can increase the household income by around $4,000 and raise the GDP by 3 to 5 percent. Factoring this in with the fact that the economy has been trending upward, we’re on the right side of the recession. Gasoline prices are low again and consumers are more likely to spend now that borrowing rates are historically low. Furthermore, American consumers have been spending more than they have ever in the past six years, this accounts for around 70% of the American economy. The tac cut will aid this tremendously as well. In the manufacturing sector the countries manufacturing expanded for three months straight. As if the situation weren’t promising enough, the ISM reported that the service sector has been constantly expanding for over .
This document discusses the concept of trickle-down economics and provides context around taxation policies. It includes a biography of the author Paul Young and an agenda outlining topics such as what is trickle-down economics, corporate taxation, the tax code, and wealth transfer. There are also summaries of blog posts discussing topics like Trudeau and trickle-down economics, tax cuts, wealth distribution in Canada, and pressures on the middle class. Links and sources are provided throughout to support the discussion of these economic concepts.
This document discusses Canada's budget surplus debate between the Conservatives and Liberals. It provides background on Paul Young and his expertise. The main points discussed are:
- Paul Martin left a $13B surplus when he stepped down, which the Conservatives inherited
- The Conservatives reduced taxes but also increased transfers to provinces, putting more money back into the economy
- Both the Liberals and Conservatives supported stimulus spending during the 2008-2009 recession
This presentation looks at deficit and debt management by Trudeau and the Liberals. The liberals ran a campaign in 2015 on modest deficits. It is now 2018-2019 as such the deficit is now nearly 19B or about 3x times higher.
Many factors go into fiscal management cycle including growth, key focus points, infrastructure, etc.
GDP per capita has fallen under Trudeau
Trudeau will not hit his 27% Debt to GDP target in 2019 as promise with the 2015 election campaign.
Fiscal Management Cycle| Debt | Surpluses (Deficits) Canada | September 2019paul young cpa, cga
This presentation looks at deficit and debt management by Trudeau and the Liberals. The liberals ran a campaign in 2015 on modest deficits. It is now 2018-2019 as such the deficit is now nearly 19B or about 3x times higher.
Many factors go into fiscal management cycle including growth, key focus points, infrastructure, etc.
GDP per capita has fallen under Trudeau
Trudeau will not hit his 27% Debt to GDP target in 2019 as promise with the 2015 election campaign.
This document provides an overview and analysis of the New Democratic Party (NDP) and their approach to fiscal management and the economy from the perspective of Paul Young CPA, CGA. It discusses NDP provincial governments in several Canadian provinces and their budget balances. It also examines the NDP's Leap Manifesto and comments on the performance of NDP governments in Ontario. Paul Young provides facts and statistics to argue that NDP policies have not necessarily helped economic expansion or growth. The document aims to analyze the NDP's approach to fiscal policy and economic management.
More op-eds by CBC as an attempt to show @justintrudeau managing of the financing is on par with Harper
• Trudeau has increase overall spending from year over year average was 6.7% as compare to Harper’s 3.8%
• Trudeau took $1B surplus and turned it into $18B deficit
• Trudeau decided to slash the AG performance management audits, why?
• Trudeau has a made a mess of every file including immigration - https://torontosun.com/news/national/illegal-border-processing-costs-alone-to-exceed-1-billion-pbo-report
• Trudeau’s policies are more about votes than sound policies. The tax cut did little when you factor in Trudeau eliminated income tax splitting, boutique tax credits and hiked CPP - https://www.thechronicleherald.ca/news/canada/for-millennials-in-canada-the-middle-class-dream-slips-a-little-further-away-oecd-300708/ or https://www.slideshare.net/paulyoungcga/2019-election-middle-class-canada-june-2019
• Trudeau’s policies have made Canada less competitive - https://www.slideshare.net/paulyoungcga/2019-election-canada-and-global-competitiveness-may-2019
• You cannot not just look at GDP ratios. You also need to look at outcomes along with expense growth year over year in relation to Taxation and GDP growth - https://www.slideshare.net/paulyoungcga/2019-election-gdp-and-economy-canada
• Trudeau’s policies have support only 10% increase in goods producing sector jobs. Goods producing sector jobs pay on average 40% more than service sector jobs. - https://www.slideshare.net/paulyoungcga/2019-election-employment-market-canada-may-2019
Many different groups will write paper and/or articles on government from their perspective. It is important for readers to review all sources when it comes to debating various government policies
Justin Trudeau constantly calls out the Harper era like he did in 2015. The problem is Trudeau never discuss details as the details tell a different picture.
What happens if they solve the issue by balancing the budget. For folks in the world of cryptocurrencies and related businesses this could be a major issue. How about DeFi and a balanced budget brought about by lower spending and/or higher taxes?
https://youtu.be/q0riFaU6NS4
Real GDP rose 3.0% in 2017, following 1.4% growth in 2016. Much of this growth was attributable to the first two quarters of 2017, with deceleration observed toward the end of the year.
Final domestic demand advanced 3.0% with steady growth throughout the year.
Household final consumption expenditure rose 3.5%, with increased outlays on goods (+3.9%) and services (+3.2%). Increased expenditures on insurance and financial services (+5.0%) and purchases of vehicles (+6.3%) were strong contributors to growth.
Business gross fixed capital formation rose 2.6%, following a 4.5% decline in 2016. Investment in machinery and equipment (+6.0%) and residential structures (+3.1%) both increased sharply. Investment in non-residential structures rose 0.3%, following two annual declines.
Also contributing to growth was business investment in inventories, up by $13.9 billion, of which $13.6 billion was in non-farm inventories. Manufacturers, wholesalers, and retailers all added to their stocks in each quarter.
Exports grew 1.0% for the second consecutive year, with gains in both goods (+0.6%) and services (+2.8%). Imports increased 3.6% after falling 1.0% in 2016.
Compensation of employees rose 3.9% (nominal terms), contributing to a 4.8% gain in household disposable income.
This was slightly faster than the growth in household final consumption expenditure (+4.6%), and the household saving rate consequently edged up to 3.6%.
The gross operating surplus of corporations increased 9.5% as earnings of both non-financial and financial corporations rose sharply.
Expressed at an annualized rate, real GDP rose 1.7% in the fourth quarter. In comparison, real GDP in the United States grew 2.5%.
2019 Election| Scorecard | Liberal Party of Canada | Prime Minister - Justin ...paul young cpa, cga
Here is a look at key areas of policy as part of assessing the success of Trudeau. Trudeau and his team often tout certain stats as way to show people they are successful. The problem is that many stats are very high level as such never discuss the details.
Similar to Trump Tax Cut a Bust for Investment and Hiring (20)
Investment advisors use the word outperform to describe how Bitcoin and altcoins Solana and Cardano have been doing. This is a way of saying that an investment is doing well while withholding judgment as to why, how, or any future performance. It does give any in terms of when to buy and when to sell Bitcoin.
https://youtu.be/OLMY91gzTHc
The rewards of using investment leverage can be impressive. However, the dangers of investment leverage are such that one needs to proceed with caution.
https://youtu.be/1c43BKp4PPY
Are Private Digital Tokens On Their Way Out?InvestingTips
In the aftermath of crypto winter regulators are busy cleaning up after crypto excesses and outright fraud. Bitcoin took a big hit and has now recovered to more than half of its 2021 peak. Nevertheless, there are now predictions that private digital tokens are on their way out.
https://youtu.be/78smq3UVjLo
Here is where options traders will remind you that by trading options you can make money as the market falls and not just when it is going up. So, when should investors trade options?
https://youtu.be/xgoOVxDLdLc
Will Northrup Grumman Go Into Commercial Aviation?InvestingTips
In this regard a new company with a fresh idea with backing by defense contractor Grumman is worth one’s attention. The bottom line is this. Will Northrop Grumman go into commercial aviation?
https://youtu.be/j80l5fyWlo0
An idea that has attracted attention is the use of privacy pools. What are privacy pools and how would a privacy pool work? Can these balance privacy and regulation to a degree that everyone is happy?
https://youtu.be/_4DLSVLat7g
How CFTC Rules Protected a Crypto BusinessInvestingTips
The collapse of FTX was a devasting blow to the crypto world. Billions of dollars in crypto assets were lost. LedgerX, a still-solvent subsidiary of FTX went up for sale at the end of 2022 and is still operating. This is about how CFTC rules protected a crypto business from the parent company’s light-fingered owner.
https://youtu.be/MgnooZ_Cp_4
Blockchain Tech in the Wake of Crypto WinterInvestingTips
Something good happened due to the huge losses that many incurred. Folks who were only interested in a quick buck have largely gone away. Those who remain are more likely to be interested in blockchain tech in the wake of crypto winter.
https://youtu.be/WzpBS8gKkyI
Investors are generally happy that the worst fears of runaway inflation versus a severe recession were not realized in 2023. Nevertheless, there are still economic and investment risks for 2024 to be considered.
https://youtu.be/wBzD8WW16P8
Bitcoin Viability As a Long Term InvestmentInvestingTips
Bitcoin has gone back up in value and is being promoted again by investment managers. Is there Bitcoin viability as a long term investment?.
https://youtu.be/jf1xp9Cveh4
What are the investment possibilities of Bitcoin versus NFTs today? When looking at these two investment possibilities, one has a fixed maximum that will ever be produced. The other suffers from production of more than the market is interested in.
https://youtu.be/tsRWaaaMcr4
Banks are looking at the downside of a digital dollar. Would a digital dollar hurt banks? Such an entity could end up sucking out bank deposits and putting a lot of banks out of business.
https://youtu.be/XyGteJzhngo
Cryptocurrency prices are volatile in the short-term due to market sentiment, but follow longer-term trends driven by fundamentals and macroeconomic factors like interest rates and inflation. While crypto prices fell during the recent period of US Federal Reserve interest rate hikes, with rate increases pausing, crypto and stock prices may rise over the next few years. Approval of spot Bitcoin ETFs could also stimulate greater Bitcoin trading volume and prices. However, the regulatory outlook remains uncertain and new rules may increase stability but also compliance costs. Overall, the document predicts 2024 will be a good year for cryptocurrencies.
What are the obligations of a crypto business? How are some crypto businesses now paying a price for forgetting this part of doing business?
https://youtu.be/8PAEU0g5pdE
One reason that governments want to regulate cryptocurrencies is their use by terrorists to finance their operations. Does crypto finance terrorism and, if so, how does that work?
https://youtu.be/AeWLcHK_rx4
What happens when someone reneges on a crypto blockchain business deal? How can such problems be resolved or mediated? What rules could or should apply when problems arise? A question at the bottom of this issue is this. Are smart contracts legal?
https://youtu.be/q8tsUwaHsdo
Part of what we are seeing today is the dealing with specific crypto-related crimes. Part is sorting out who makes the rules that crypto needs to follow. We wonder this. Can the law fix crypto’s problems?
https://youtu.be/VjGIk5aYFac
A lukewarm future is about the best that many see for crypto. We are reminded of Apple when it was so desperate that it accepted a $150 million bailout from Bill Gates and archrival Microsoft. Today we see Apple as the model for crypto’s future.
https://youtu.be/ZIQXs0j7jlE
Here is Gabe Whitley's response to my defamation lawsuit for him calling me a rapist and perjurer in court documents.
You have to read it to believe it, but after you read it, you won't believe it. And I included eight examples of defamatory statements/
The Biggest Threat to Western Civilization _ Andy Blumenthal _ The Blogs.pdfAndy (Avraham) Blumenthal
Article in The Times of Israel by Andy Blumenthal: China and Russia are commonly considered the biggest military threats to Western civilization, but I believe that is incorrect. The biggest strategic threat is a terrorist Jihadi Caliphate.
Your Go-To Press Release Newswire for Maximum Visibility and Impact.pdfPressReleasePower4
This downloadable guide explains why press releases are still important for businesses today and the challenges you might face with traditional distribution methods. Learn how [Your Website Name] offers a comprehensive solution for crafting compelling press releases, targeting the right media outlets, and maximizing visibility.
Youngest c m in India- Pema Khandu BiographyVoterMood
Pema Khandu, born on August 21, 1979, is an Indian politician and the Chief Minister of Arunachal Pradesh. He is the son of former Chief Minister of Arunachal Pradesh, Dorjee Khandu. Pema Khandu assumed office as the Chief Minister in July 2016, making him one of the youngest Chief Ministers in India at that time.
Essential Tools for Modern PR Business .pptxPragencyuk
Discover the essential tools and strategies for modern PR business success. Learn how to craft compelling news releases, leverage press release sites and news wires, stay updated with PR news, and integrate effective PR practices to enhance your brand's visibility and credibility. Elevate your PR efforts with our comprehensive guide.
Acolyte Episodes review (TV series) The Acolyte. Learn about the influence of the program on the Star Wars world, as well as new characters and story twists.
El Puerto de Algeciras continúa un año más como el más eficiente del continente europeo y vuelve a situarse en el “top ten” mundial, según el informe The Container Port Performance Index 2023 (CPPI), elaborado por el Banco Mundial y la consultora S&P Global.
El informe CPPI utiliza dos enfoques metodológicos diferentes para calcular la clasificación del índice: uno administrativo o técnico y otro estadístico, basado en análisis factorial (FA). Según los autores, esta dualidad pretende asegurar una clasificación que refleje con precisión el rendimiento real del puerto, a la vez que sea estadísticamente sólida. En esta edición del informe CPPI 2023, se han empleado los mismos enfoques metodológicos y se ha aplicado un método de agregación de clasificaciones para combinar los resultados de ambos enfoques y obtener una clasificación agregada.
1. Trump Tax Cut a Bust for
Investment and Hiring
By www.ProfitableInvestingTips.com
2. When Congress passed the biggest
change in the U.S. tax code in thirty
years, taxes were cut by $1.5 Trillion.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
3. The promise was that U.S. industry would
invest that money, hire more people, and
raise yearly GDP growth to the 4% range
for the indefinite future.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
4. That did not all seem to have happened
according to recent information.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
5. Was the Trump tax cut a bust for
investment and hiring? Here are some
thoughts on the subject.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
6. Trump Tax Cut a Bust for
Investment and Hiring
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
7. Fortune explains why the tax cut has not
sparked hiring or investment.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
8. The Trump administration’s $1.5 trillion in
tax cuts appears to have not made any
major impact on businesses’ capital
investment or hiring plans, according to a
new survey.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
9. A quarterly poll from the National
Association for Business Economics
published Monday found that some
companies reported accelerating
investments because of lower corporate
taxes
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
10. but a whopping 84% of respondents said
they had not changed their plans.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
11. That’s up slightly from 81% in the previous
survey published in October, Reuters
reports.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
12. The one bright spot was in goods-
producing companies where half
reported increased investments and a
fifth reported redirecting hiring and
investments from offshore to the USA.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
13. Of S&P 500 companies studied by the
University of Michigan, only 4% planned
to give back part of the tax cut to
workers and a fifth anticipated increasing
their business-related investments.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
14. Small business investment fared better
according to the National Federation of
Independent Business with 5% increasing
their investments while a third increased
employee pay.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
15. Market Watch is bit more cynical, saying
that Trump tax cuts were a bust!
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
16. President Trump proclaimed: “It’ll be
fantastic for the middle-income people and
for jobs, most of all.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
17. I think we could go to 4%, 5% or even 6%
[GDP growth], ultimately.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
18. We are back. We are really going to start
to rock.”
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
19. A year later, it’s very clear that the tax cuts
boosted gross domestic product and jobs a
bit – and just for one year.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
20. Its effects are fading as U.S. GDP growth
appears likely to weaken in 2019.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
21. The only things that “rocked” were
corporate profits and the stock market.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
22. And we’re facing trillion-dollar deficits as
far as the eye can see.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
23. They report that the increased
investment that did occur went primarily
to technology and intellectual capital and
less to new structures and
equipment. So, where did all of that
money go?
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
24. Trump Tax Cuts and Share Buy-
backs
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
25. Where the money seems to have gone is
to buy back shares of stock!
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
26. Market Watch goes on to say that the end
result was to prop up the stock market.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
27. Companies actually spent more on
buybacks than on capital investments in
2018’s first half, and remember, capex
weakened as the year went on.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
28. Buybacks shrink the number of shares,
boosting earnings per share and
eventually, the stock price.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
29. That helps all shareholders, of course, but
especially corporate executives, more than
half of whose total compensation is in
stock.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
30. What has happened is that company
profits have done very well and by buying
back their stock, companies have
preserved and increased their share
prices.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
31. Employment has increased but barely at
all in the manufacturing sector when
Trump promised.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
32. Most of the new jobs are in the
professional and business services areas
as well as in health care.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
33. Meanwhile the country has shouldered
an additional $1.5 Trillion in debt and likely
see the GDP fall back to 2% this year!
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
34. The repatriation of offshore corporate
profits was strong at the beginning of
2018 and has fallen off ever since.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
35. Thus, the huge boom from offshore cash
has not really happened.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
36. US Debt and US GDP
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
37. Trump Tax Cut Sugar High
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
38. Bloomberg is also negative in regard
about the Trump tax cuts.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
39. They note that wage growth in 2018 was
primarily a result of the temporary
economic stimulus caused by the tax cuts
and will level off or fall as the tax cut
economic benefits fade!
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
40. In other words, the most desired effect of
Trump’s corporate tax cuts is very hard to
find in the available data.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
41. So far, what we’re seeing is probably a
sugar high driven by deficit spending.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
42. That’s not terrible, and could even undo
some of the damage done by the last
recession.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
43. But it’s not what the tax cuts are really
supposed to achieve.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
44. What Is in Store for Investors in
2019?
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
45. Investors in the stock market were prime
beneficiaries of the Trump tax cut
because companies pumped their tax
savings into share repurchases.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
46. It is of note that so many corporate
executives have stock options as a large
part of their payment packages.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
47. This, of course, makes suspect the
practice of buying back shares to prop up
stock prices instead of expanding their
businesses and hiring more workers.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
48. Unfortunately, the short term sugar high
of the tax cuts will wear off.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
49. The trade war could become permanent
with long term damage to sectors like
agriculture.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
50. We wrote recently about investments to
choose right now.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
51. There is less of a problem if you are
using intrinsic stock value as a guide and
investing for the long term.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
52. There is more of an issue if you are
looking for short term gains at a time
when the tech stocks that previously led
the markets seem to be weakening.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
53. Canary in the Coal Mine?
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
54. Industry Week writes
that chipmakers may be harbingers of
things to come in tech.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
55. Investors in Intel Corp. were unpleasantly
surprised by the computer-chip company’s
forecast for relatively flat revenue and
profit margins for 2019.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
56. Fellow chipmaker Nvidia added to the dour
news on Jan. 28 by cutting its expected
revenue.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
57. Well before these disappointments,
however, the U.S. internet superpowers
had already hinted at the chipmakers’
meek results.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
58. The chipmakers may, in turn, be sending
warning signs about slipping growth for
the tech powers.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
59. Intel said last week that the biggest
customers for its computer server chips
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
60. titans such as Amazon, Google, Microsoft
Corp. and Alibaba
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
61. were “absorbing capacity” from their
stockpiles of previous orders and would,
therefore, most likely hold off on buying
more chips for a few months.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
62. When these companies see leaner times
ahead, they will start looking for ways to
save money.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
63. In the case of tech firms, cutting back on
chip orders is at the base of the economic
pyramid.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
64. We agree that reduced orders for chips
could be compared to the canary no
longer singing down in the mine shaft.
Investors will want to pay attention.
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring
65. Interest Payments on US Debt
http://profitableinvestingtips.com/profitable-investing-tips/trump-tax-cut-a-bust-for-investment-and-hiring