Hold onto your ankles & smile, the US Economy going up and down with increasing uncertainty about how the Trump Tariff program of EFS will replace the IRS on Tax Day April 15th 2025
On social media a flurry of posts indicate a mixed reception of Tuesday Tax Day 2025. Many are complaining that they voted for Trump because he promised to replace the IRS with the EFS using tariffs to create federal revenue instead of taxing the marginalized American population who suffer largely because of how the dollar has lost most of its buying power, making homes, fuel, food, or all of life's basics more expensive, something we saw during COVID price spikes as supply chains without a buffer inventory ran out quickly, causing many thinks to become SO EXPENSIVE, though prices have normalized slightly now.
Elk Valley gas station in Oregon was selling self serve gasoline for $3.50 a gallon when other stations were selling the same gas for $3.79 or $3.89 or $3.99 or in California $5.49, or $5.59 or $5.69 or incredibly $5.89 at one station in Trinidad, where Meg & I drove by & balked at the absurd pricing on our way to Beach Comber cafe where we met her sister A & nephew T for breakfast before driving more than 700 miles to get home. I bring up gas prices with examples because gasoline was selling for $0.99 per gallon when I started driving on roads legally in 1999-2000 near Seattle, 10 miles east in the Suburbs. During this time & slightly before it was possible to buy cigarettes with $1.75 or 7 quarters places into a metal tray edgewise into 7 slots, then you selected which brand & then shoved the metal tray into the machine & a box of 20 grade A cigarettes would come down a shoot ramp at the front. This cigarette vending machine was located in the entry of the local Denny's in Eastgate, Bellevue, WA, now it's a Korean Barbeque restaurant.
Many packaged foods at the grocery store cost about the same, but they are smaller amounts, so you are paying more for the food, in many cases food is 2X or 3X or 4X more expensive than it was in the year 2000, making life more expensive, and in costly gentrified locals even starting a family a premium only available or affordable to high income couples. When having children becomes expensive fewer people choose to have children. In Japan this is very problematic today. In South Korea its becoming a big emerging inverted population problem. With nearly 8 billion people already alive perhaps a reduction in live births just a balancing of what many consider human over population, noted with radical traffic congestion in many cities worldwide or too many people trying to go the same way at the same time on the same roads, causing stop & go traffic that is stressful and annoying for many motorists.
To look forward in the long run as an individual with an institutional investor mindset, its not about next quarter or short term gains, its about long term returns on investment. This means you invest now as a younger person so you have money so as to prevent elder poverty when you are older, if you are still alive then, which no one can guarantee but investments are like that too, subject to total loss of money invested, as companies go bankrupt sometimes for a variety of reasons or factors. Your mileage may vary. Lifetime warranty, who's lifetime? There are many funny expressions that do not make sense. What is in your wallet? Who are you? Who do you really know? Who can you trust? I would suggest with all sincerity that you only trust God the master creator of all in all realms. Other people are hit or miss like those hard to start hobby motors that sometimes fire up but other times refuse to start. I would say people on the whole are reasonably reasonable when times are good, but the gloves come off when they comment online & everyone knows it. People online say things they would never say in first person. That is part of why I love first person interactions and hate email. Do what you are unable to do & shove more life into your finite time alive, we are all running out of time to file our taxes :P
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