Manages Parisian Family Office. Began Wall Street, 82. Founded investment firm, Native American Advisors. Member, White Earth Chippewa Tribe. Was NYSE/FINRA arb. Conservative. Raised on Native reservations. Pureblood, clot-shot free. In a world elevated on a tech-driven dopamine binge, he trades from Ghost Ranch on the Yellowstone River in MT, his TN farm, Pamelot or CASA TULE', his winter camp in Los Cabos, Mexico. Always been, and will always be, an optimist.

Saturday, July 29, 2006

Taxes in America........

One of my pet peeves the last year has been the lack of progress in three areas by our current White House. They are, tax reform, social security and immigration.

All are going to be an immense crisis someday. When, who knows? They aren't important enough today to do anything. My bitch isn't with how much tax we pay. My beef is with how we pay it and on what. The savings rate in our country is going the way of the passenger pigeon. We need to change our tax structure, which penalizes savings and investment. If you're lucky enough to have a job, you pay taxes on the money you earn. If you then put some money away for a rainy day or invest it with Chippewa Partners you are taxed again on the dividends and interest. And when we sell your investment with a profit you pay taxes a third time. The rest of the world doesn't do it that way. They encourage savings and investment. They tax consumption. We do just the opposite. We encourage consumption and we tax savings. We need a flat tax now more than ever.

We should also change our election dates from November to April 15th. Politicians should be selected at the same time we pay them.

Check out ...........Boortz has the right idea going.

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