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Thread: Yellen warns....

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    Default Yellen warns....

    Yellen says rising deficit is unsustainable: 'If I had a magic wand, I would raise taxes'


    "If I had a magic wand, I would raise taxes and cut retirement spending," Yellen told CNBC's Steve Liesman at the Charles Schwab Impact conference in Washington, D.C., who characterized the U.S. debt path as "unsustainable."

    Yellen noted this will only get worse as more baby boomers retire and spending on retirement and health care programs grow.


    https://www.cnbc.com/2018/10/30/yell...ise-taxes.html
    Tom
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    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.


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  3. #2

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    Default Re: Yellen warns....

    Agree, the minimum tax rate should be 40% (no deductions), with the maximum at 90% for those making over $1,000,000 from ANY source... there, problem solved


    Quote Originally Posted by tsptalk View Post
    Yellen says rising deficit is unsustainable: 'If I had a magic wand, I would raise taxes'


    [/B]

    https://www.cnbc.com/2018/10/30/yell...ise-taxes.html
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