What if the Big Man sought to be big by making the federal government less big? The idea is dazzling…intriguing…and probably nonsense. But lets take a look.
Cute list about the Evils of Tax Cuts ya got there, Bill. You're waving a blinking flag in one hand while the other is behind your back holding outcomes like increased investment, increased savings, increased jobs and increased innovation - all because the tax slaves were "allowed" to keep a tiny bit more of their earnings. But keep your eyes on the pretty flag, folks!
You got one thing right about this - tax "cuts" build deficits when the spending is not simultaneously decreased. Our current Congress looks like they have exactly ZERO interest in doing that part of their job and are fixin' to approve the Biteme/dimocrat spending levels for the rest of this fiscal year.
Good for BPR, eh? That'll give you the chance to keep halfway-accurately railing against Trump for increasing the debt, even though he has jackshit to do with deciding how much we actually spend...
I agree. No text all over time means that technicians and workers at every level will work.The angry days increase in productivity and the bottom line And delivering therefore, more income tax to the Feds. Expensing of heavy equipment. Awesome . He did it before and now if you buy a two hundred thousand dollar truck you're gonna expense it against that year's income. I'll buy new equipment all day long doing that. Depreciation is a huge risk. What if I never make enough money to recover the depreciation. I'll keep my used stuff. The instant expensing of equipment makes the company more efficient and safer. It keeps manufacturers at 4 Friday.The force rattle and those who can only afford the new better used equipment afloat as well as they can expense it. Every item listed by bill was shown as an expense to the government. Fallacy. Not taxing something is not an expense. The resulting. productivity gains will actually increase revenues for the government.
For god's sake, I remember we who staff to depreciate my office chair.
Another comment about overtime..... I'm sure all the unions and businesses as well Are looking at the definition of overtime. Typically in contracts it's defined. In non contract relationships it can simply be an employer's handbook. Everybody assumes it's forty hours.... What about people who work for tens. Well that's overtime by eight hour day definition. I think I'll slim my work week down. I guess it won't matter because if I get a paycheck mine's on the front of it.
Trump better be careful about this one.
Go through with it, but understand that you need define it well.
You mention that the ‘big man’ doesn’t follow the constitution. It would be more beneficial and true if you give a list of examples what he has done to make you believe that. AP
Abe - get a grip. Ol’ Bill sees the World and the Good Ol’ USofA from a different perspective. Everyone - even Ol’ Bill - would love for the Big Man to perform a ferocious MIRACLE but those with their eyes wide open understand the chances of that are two: slim and none, and Slim just left town. All us peons are wishin’ and hopin’ but that has absolutely no effect on the future. Ol’ Bill succinctly points out the reality ahead doesn’t align with the promises made . For too many reason to point out, doesn’t add up. For example - has war been authorized by Congress which is required by the Constitution in either Ukraine or Gaza, Lebanon, Syria - or that matter Vietnam? But - the U.S. is fighting/fought a war in each. Oh, I get it - we don’t have “boots on the grounds” recently so it isn’t a war. I doubt the framers of the Constitution would see it that way! Our Government for numerous decades has skirted a fine line to do whatever the elites and neocons want. It is human nature. Hasn’t changed ever. And won’t now! As always, one ol’ man’s opinion
Sure, but I was referring to LSO not liking the fact that Congress gets bypassed when the fighting is not a declared war, and with my remark was trying to get across that maybe that would make things even worse. I have ZERO confidence in Congress. Best always. PM
I look forward to Bill’s opinions and enjoy his insights and humor from the perspective of an American and Washington DC historian, and compare it with my research and the opinions of other bright people. For me Bill Bonner’s work is very impressive. Thank you Bill and Team BPR.
Bonner mocks Trump at the start of his column writing that he will "....force us to speak English". Really? Trump only made English the official language of the USA. He can't force anyone to speak anything, only that the government communicate in English. Of course, he can't force you, Bill, to continue to speak in gibberish, which seems to be your language of preference.
And Bonner's writing doesn't get any better as he insinuates that the Big Man (Trump) is overriding the hopes and actions of 330 million people by imposing his will on them; when, in fact, he is in the process of further deregulating the economy that he started in his first term, and therefore returning the power back to those people who want to make the effort to improve their lives. The fact that Trump is doing other things as well is not a diversion of resources as Bonner ignorantly attests.
He continues his gibberati by listing all the taxes Trump will reduce while ignoring any economic growth that comes from tax cuts as well as Trump's intent to cut the federal budget which Bonner adamantly refuses to believe will happen. Time will tell what actually unfolds, but Bonner's TDS is getting tiresome.
Mr. Gallien, And Bill knows that to almost all Americans, the tax cuts in 2017 are considered permanent. It will be interesting to see how many Democrats actually vote against extending them, which the folks would consider a huge tax increase. Of course, the Republicans will probably let them off the hook by including the extension in a larger bill so the Dems can say they voted against everything in the bill except the extension.
And without listing the spending cuts he wants, he just comes across as an old man of declining mental health, crying about all the country’s problems without providing any solutions to improve the country. For example, he could point out that getting tax relief w/o offsetting spending cuts leads to more debt that leads to higher inflation that offsets the tax cuts to a certain extent for the recipients.
$7.6 trillion left in the hands of the citizens and not taken by the government is better than $7.6 taken by the government and given only to the elite. At least we can ALL party up until the music stops. And, it will blow up sooner rather than later and hopefully we will sober up sooner too.
Thanks Dan, for focusing on the administrations position, or likely positions to help us navigate the coming changes. Also appreciate it being presented without the TDS BB loves to display on these pages. Wished he would focus more on what the changes mean financially instead of the constant, unrelenting administration bashing. Your commentary offers potential solutions to what may be coming, Bill's commentary is the same old bullshit of bashing without alternate solutions. Thanks Again.
Well. We know the American people are with Trump 70/30 or 80/20 on most key issues. We know the Dems are amazingly intransigent on all those issues. We have seen Trump come up with very creative ideas regarding both Ukraine and the Middle East. (Each deserves a more detailed discussion .). And we now see the incredible waste perpetuated by our federal government. AND we see the Dems defending this waste. Let’s give Trump a chance. He has upset the status-quo more in 6 weeks than any president in history. AND he WAS President for 4 years already and America did just fine.
We need to set our sets on the Congresscritters. Without major Courage and Resilience there, we are still screwed no matter what Musk/Trump come up with.
You bet! Without them the next Dem President will just undo all the EOs. Unless, of course, the Dems get a heart or a soul. (betting apps put odds of that at 1,000,000,000,000,000 to 1.)
Yes Bill, let’s blame all of our current problems on Trump, and hide the past thirty years of both left and right corruption. It has taken both parties, like two legs, left and right that have walked our country into the abyss. Left, right, left, right and here we are, at the cliffs edge. Of course the Left leg is severely damaged and has created most problems with our society, but that is all part of the show. Trump is not our typical bought and paid for politician, he is actually one of the buyers of past politicians and knows how easily corrupted they can be. Mostly lawyers and whores who worship the dollar in their pockets over country and have zero concern for their so called constituents or nation. Yes Bill, our entire world is broken and has to burn down to rebuild, and things are going to get really ugly in these next few years. In the meantime, I would hope you can start giving advice on useful information that could save a few of your dear readers lives and money, like where to relocate in Argentina and invest in an area of the world that will not meltdown during our next coming world war. Maybe instead of buying a useless metal that hold no true use other then what you perceive it to be, you could educate us on how many poor souls who held much of those precious metals could not protect themselves from the coming inevitable. History is repeating and those who don’t learn from the past are doomed to suffer from it. Also, may be time to buy the dip in Bitcoin soon🤔
Not at all Don! I like reading Tom’s adventures and enjoy his hippie lifestyle, but thankfully don’t follow his financial advice. Dan is the man and is much more living in the times and I believe has a better understanding of what is happening over his other cohorts. Like Tom, Bill is in a world of his own and very distant from our reality. I just think that he can give much better advice on how to really protect yourself from what he believes is coming and blaming our current president after one month in power, just holding gold, and waiting for the world to collapse is extremely unhelpful 🤔
“When you buy stocks at these prices, you doom yourself to a decade of below-average returns.”…as opposed to the outright decline from a Dyson stock tip? Makes a “below-average return” look great.
Did you not see the dramatic dividend cut coming? And why are you recommending transferring cash to a “cash like” foreign currency bet for a measly 6+%, but volatile, when Fidelity pays 4.5%, compounded monthly and provides the liquidity you say is needed to capture the awaiting opportunities in a crash?
And why is it consistent with a fortress investment philosophy to push tying up cash in risky call options? That’s more akin to day trading.
There are plenty of aggressive investments paying 10 to 12% monthly.
Luckily and Truthfully - there's a LOT less of them than we have been led to believe. Maybe 20% of the populace is actually leftarded - their cheeerleaders just have the bigger microphones.
RutRoh - the USAID scandal (among other DOGE actions) has severely curtailed their thievery from the tax payer that had been providing operating funds for their propaganda for many, many years. Y'all are screwed for sure - not only is your degenerate message no longer getting out for free, you don't have enough support to survive in the market so your BS, ignorance and hatred being front-and-center 24/7 is done. Cry harder.
It's a BEAUTIFUL, NEW day in America, Dottie. And you small troop of losers is gonna hate it...
SE: Thanks but no thanks. Trump, as your savor, will not really fix all the problems that you think he will. You have just been seduced by him. His promises mean nothing as long as he gets what he wants. So far he’s not doing so good.
Jimm, yes, but John Q. Citizen must be de-regulated and de-constrained for that to happen. In my experience, government simply doesn't trust the citizen to choose "properly", meaning to give government more control, so that variable must be taken out of the equation. Right now, we have roughly 50% of the country advocating, even demanding, government control of everything, down to what kind of locker room facilities will be available and who must use them, what kind of stove must be installed and used, and all in the name of "fairness". Best always. PM
PM: Maybe that works in some areas. Don’t agree that 50% of the country is demanding government control of everything…stoves, locker rooms??? Say it’s not so.
Maybe in the short term but in the long term it may bring the manufacturing middle class back to the USA so our kids and grandkids will have good paying jobs instead of careers at McD's. Americans have become so soft and cannot take any pain to do the right thing for the long term. That is why we cannot win wars anymore. Toughen up.
A major mess made by others being in the kitchen (primarily dimocrats), but when Trump pulls it out of the oven, smooth-brainers like you will be right there to give him 100% of the blame...
Of course not! I want a president who can fund the services we demand with out having to borrow trillions, or who can persuade us why some of these services must be tabled until more taxable wealth is created by a less regulated private sector
“and auction off their national parks”. You may be on to something, Bill. I wonder what we could get for Yellowstone or Yosemite. Maybe a trade for Greenland?
When you read “tax cuts” you assume less revenue. What they are actually are “tax Rate cuts”, which brings in MORE revenue - per the Laffer Curve. Lower tax rates stimulates economic growth, and gives more money to the taxpayers.
“There is a lot of ruin in a nation,” said Keynes. Today, we look to see how the ruin might be avoided. Bill Bonner
The first step in avoiding ruin is to make Keynes and his ilk walk the figurative plank. Best always. PM
Must the plank be "figurative"?
I didn't have a floating frigate handy haha. Best always. PM
Cute list about the Evils of Tax Cuts ya got there, Bill. You're waving a blinking flag in one hand while the other is behind your back holding outcomes like increased investment, increased savings, increased jobs and increased innovation - all because the tax slaves were "allowed" to keep a tiny bit more of their earnings. But keep your eyes on the pretty flag, folks!
You got one thing right about this - tax "cuts" build deficits when the spending is not simultaneously decreased. Our current Congress looks like they have exactly ZERO interest in doing that part of their job and are fixin' to approve the Biteme/dimocrat spending levels for the rest of this fiscal year.
Good for BPR, eh? That'll give you the chance to keep halfway-accurately railing against Trump for increasing the debt, even though he has jackshit to do with deciding how much we actually spend...
I agree. No text all over time means that technicians and workers at every level will work.The angry days increase in productivity and the bottom line And delivering therefore, more income tax to the Feds. Expensing of heavy equipment. Awesome . He did it before and now if you buy a two hundred thousand dollar truck you're gonna expense it against that year's income. I'll buy new equipment all day long doing that. Depreciation is a huge risk. What if I never make enough money to recover the depreciation. I'll keep my used stuff. The instant expensing of equipment makes the company more efficient and safer. It keeps manufacturers at 4 Friday.The force rattle and those who can only afford the new better used equipment afloat as well as they can expense it. Every item listed by bill was shown as an expense to the government. Fallacy. Not taxing something is not an expense. The resulting. productivity gains will actually increase revenues for the government.
For god's sake, I remember we who staff to depreciate my office chair.
Another comment about overtime..... I'm sure all the unions and businesses as well Are looking at the definition of overtime. Typically in contracts it's defined. In non contract relationships it can simply be an employer's handbook. Everybody assumes it's forty hours.... What about people who work for tens. Well that's overtime by eight hour day definition. I think I'll slim my work week down. I guess it won't matter because if I get a paycheck mine's on the front of it.
Trump better be careful about this one.
Go through with it, but understand that you need define it well.
Thank you, saved my effort
Bill:
You mention that the ‘big man’ doesn’t follow the constitution. It would be more beneficial and true if you give a list of examples what he has done to make you believe that. AP
Abe - get a grip. Ol’ Bill sees the World and the Good Ol’ USofA from a different perspective. Everyone - even Ol’ Bill - would love for the Big Man to perform a ferocious MIRACLE but those with their eyes wide open understand the chances of that are two: slim and none, and Slim just left town. All us peons are wishin’ and hopin’ but that has absolutely no effect on the future. Ol’ Bill succinctly points out the reality ahead doesn’t align with the promises made . For too many reason to point out, doesn’t add up. For example - has war been authorized by Congress which is required by the Constitution in either Ukraine or Gaza, Lebanon, Syria - or that matter Vietnam? But - the U.S. is fighting/fought a war in each. Oh, I get it - we don’t have “boots on the grounds” recently so it isn’t a war. I doubt the framers of the Constitution would see it that way! Our Government for numerous decades has skirted a fine line to do whatever the elites and neocons want. It is human nature. Hasn’t changed ever. And won’t now! As always, one ol’ man’s opinion
"authorized by Congress" As Dick Enberg famously said, "Oh, MY!" Do we really want to go there (Congress, I mean)? Best always. PM
If they're appropriating the money is that not an authorization ?
Sure, but I was referring to LSO not liking the fact that Congress gets bypassed when the fighting is not a declared war, and with my remark was trying to get across that maybe that would make things even worse. I have ZERO confidence in Congress. Best always. PM
I look forward to Bill’s opinions and enjoy his insights and humor from the perspective of an American and Washington DC historian, and compare it with my research and the opinions of other bright people. For me Bill Bonner’s work is very impressive. Thank you Bill and Team BPR.
Bonner mocks Trump at the start of his column writing that he will "....force us to speak English". Really? Trump only made English the official language of the USA. He can't force anyone to speak anything, only that the government communicate in English. Of course, he can't force you, Bill, to continue to speak in gibberish, which seems to be your language of preference.
And Bonner's writing doesn't get any better as he insinuates that the Big Man (Trump) is overriding the hopes and actions of 330 million people by imposing his will on them; when, in fact, he is in the process of further deregulating the economy that he started in his first term, and therefore returning the power back to those people who want to make the effort to improve their lives. The fact that Trump is doing other things as well is not a diversion of resources as Bonner ignorantly attests.
He continues his gibberati by listing all the taxes Trump will reduce while ignoring any economic growth that comes from tax cuts as well as Trump's intent to cut the federal budget which Bonner adamantly refuses to believe will happen. Time will tell what actually unfolds, but Bonner's TDS is getting tiresome.
"Gibberatti".
LMAO...
Mr. Gallien, And Bill knows that to almost all Americans, the tax cuts in 2017 are considered permanent. It will be interesting to see how many Democrats actually vote against extending them, which the folks would consider a huge tax increase. Of course, the Republicans will probably let them off the hook by including the extension in a larger bill so the Dems can say they voted against everything in the bill except the extension.
And without listing the spending cuts he wants, he just comes across as an old man of declining mental health, crying about all the country’s problems without providing any solutions to improve the country. For example, he could point out that getting tax relief w/o offsetting spending cuts leads to more debt that leads to higher inflation that offsets the tax cuts to a certain extent for the recipients.
$7.6 trillion left in the hands of the citizens and not taken by the government is better than $7.6 taken by the government and given only to the elite. At least we can ALL party up until the music stops. And, it will blow up sooner rather than later and hopefully we will sober up sooner too.
Thanks Dan, for focusing on the administrations position, or likely positions to help us navigate the coming changes. Also appreciate it being presented without the TDS BB loves to display on these pages. Wished he would focus more on what the changes mean financially instead of the constant, unrelenting administration bashing. Your commentary offers potential solutions to what may be coming, Bill's commentary is the same old bullshit of bashing without alternate solutions. Thanks Again.
Seems to Me that Bill raises Your Ire and You provide the answers. Is this a psyop ?
based on your post, I would look within
Good come back.
Well. We know the American people are with Trump 70/30 or 80/20 on most key issues. We know the Dems are amazingly intransigent on all those issues. We have seen Trump come up with very creative ideas regarding both Ukraine and the Middle East. (Each deserves a more detailed discussion .). And we now see the incredible waste perpetuated by our federal government. AND we see the Dems defending this waste. Let’s give Trump a chance. He has upset the status-quo more in 6 weeks than any president in history. AND he WAS President for 4 years already and America did just fine.
We need to set our sets on the Congresscritters. Without major Courage and Resilience there, we are still screwed no matter what Musk/Trump come up with.
There is a ray of Hope today:
https://www.zerohedge.com/political/musk-said-be-elated-over-pauls-rescission-idea-slashing-budget-500-billion
You bet! Without them the next Dem President will just undo all the EOs. Unless, of course, the Dems get a heart or a soul. (betting apps put odds of that at 1,000,000,000,000,000 to 1.)
They have a black heart and soul, it’s family structure and common sense and decency they lack…
But its really not Left or Right
Its the Status Quo. Thats the problem.
Yes Bill, let’s blame all of our current problems on Trump, and hide the past thirty years of both left and right corruption. It has taken both parties, like two legs, left and right that have walked our country into the abyss. Left, right, left, right and here we are, at the cliffs edge. Of course the Left leg is severely damaged and has created most problems with our society, but that is all part of the show. Trump is not our typical bought and paid for politician, he is actually one of the buyers of past politicians and knows how easily corrupted they can be. Mostly lawyers and whores who worship the dollar in their pockets over country and have zero concern for their so called constituents or nation. Yes Bill, our entire world is broken and has to burn down to rebuild, and things are going to get really ugly in these next few years. In the meantime, I would hope you can start giving advice on useful information that could save a few of your dear readers lives and money, like where to relocate in Argentina and invest in an area of the world that will not meltdown during our next coming world war. Maybe instead of buying a useless metal that hold no true use other then what you perceive it to be, you could educate us on how many poor souls who held much of those precious metals could not protect themselves from the coming inevitable. History is repeating and those who don’t learn from the past are doomed to suffer from it. Also, may be time to buy the dip in Bitcoin soon🤔
So what You are saying , if I am correct in My thinking is that Bill should circumvent Dan and Tom's Letters and advice. Correct Me if I am wrong.
Not at all Don! I like reading Tom’s adventures and enjoy his hippie lifestyle, but thankfully don’t follow his financial advice. Dan is the man and is much more living in the times and I believe has a better understanding of what is happening over his other cohorts. Like Tom, Bill is in a world of his own and very distant from our reality. I just think that he can give much better advice on how to really protect yourself from what he believes is coming and blaming our current president after one month in power, just holding gold, and waiting for the world to collapse is extremely unhelpful 🤔
Thanks for the reply and I agree , Bill can and should help You and I with His ideas of preservation.
Sadly, I think what we are getting from him is all he's got...
That would be sad. But hope is eternal, no!
“When you buy stocks at these prices, you doom yourself to a decade of below-average returns.”…as opposed to the outright decline from a Dyson stock tip? Makes a “below-average return” look great.
Did you not see the dramatic dividend cut coming? And why are you recommending transferring cash to a “cash like” foreign currency bet for a measly 6+%, but volatile, when Fidelity pays 4.5%, compounded monthly and provides the liquidity you say is needed to capture the awaiting opportunities in a crash?
And why is it consistent with a fortress investment philosophy to push tying up cash in risky call options? That’s more akin to day trading.
There are plenty of aggressive investments paying 10 to 12% monthly.
Why enter the volatile world for 2+%?
It’s a contradiction of your stated philosophy.
Stephen West
Mr. West, what's with all the financial and investment questions? Is this an investment newsletter or something? (sarc) LMAO
Mr. West , can You start Your own investment and financial news letter? You seem to have a lot of " good" investment ideas. Just asking .
I think its all relative.
I'm not worried at all about the fiscal issues mentioned by Bill today. Donnie will take care of it. He's an expert in the art of bankruptcy.
So very tiresome educating MORONS with ZERO business experience:
https://www.thegatewaypundit.com/2025/03/record-contrary-media-claims-trump-has-had-zero/
SE: Yes, you live a tough life. How you are able to live among all these MORONS? Must take up a lot of your time and energy. Poor you! Try to endure.
Luckily and Truthfully - there's a LOT less of them than we have been led to believe. Maybe 20% of the populace is actually leftarded - their cheeerleaders just have the bigger microphones.
RutRoh - the USAID scandal (among other DOGE actions) has severely curtailed their thievery from the tax payer that had been providing operating funds for their propaganda for many, many years. Y'all are screwed for sure - not only is your degenerate message no longer getting out for free, you don't have enough support to survive in the market so your BS, ignorance and hatred being front-and-center 24/7 is done. Cry harder.
It's a BEAUTIFUL, NEW day in America, Dottie. And you small troop of losers is gonna hate it...
SE: Don’t be so sure…life is full of surprises. Have a nice day!
We'd LOVE to have you join us on the side of Reason and Decency, Dots! Especially after all these years of being misguided, but meaning well.
C'mon in - we have a World to rescue...
SE: Thanks but no thanks. Trump, as your savor, will not really fix all the problems that you think he will. You have just been seduced by him. His promises mean nothing as long as he gets what he wants. So far he’s not doing so good.
A major mess in the making, and Trump -- given his age -- likely won't be around when it congeals.
A wild and worrisome ride in the meantime
Frankly, the nation needs more wealth; not less. More wealth will reduce the governments disposition to go deeper in debt
But more tariffs means less wealth.
And governments don't produce wealth; it's John Q Citizen who performs this important task
Jimm, yes, but John Q. Citizen must be de-regulated and de-constrained for that to happen. In my experience, government simply doesn't trust the citizen to choose "properly", meaning to give government more control, so that variable must be taken out of the equation. Right now, we have roughly 50% of the country advocating, even demanding, government control of everything, down to what kind of locker room facilities will be available and who must use them, what kind of stove must be installed and used, and all in the name of "fairness". Best always. PM
PM: Maybe that works in some areas. Don’t agree that 50% of the country is demanding government control of everything…stoves, locker rooms??? Say it’s not so.
Maybe in the short term but in the long term it may bring the manufacturing middle class back to the USA so our kids and grandkids will have good paying jobs instead of careers at McD's. Americans have become so soft and cannot take any pain to do the right thing for the long term. That is why we cannot win wars anymore. Toughen up.
A major mess made by others being in the kitchen (primarily dimocrats), but when Trump pulls it out of the oven, smooth-brainers like you will be right there to give him 100% of the blame...
Smooth brainers...🤣
Only if the shoe fits, which at this point in time, looks very likely.
Thank you for proving my point...
Jim, would you prefer that the Biden’s were still in power?
Of course not! I want a president who can fund the services we demand with out having to borrow trillions, or who can persuade us why some of these services must be tabled until more taxable wealth is created by a less regulated private sector
“and auction off their national parks”. You may be on to something, Bill. I wonder what we could get for Yellowstone or Yosemite. Maybe a trade for Greenland?
When you read “tax cuts” you assume less revenue. What they are actually are “tax Rate cuts”, which brings in MORE revenue - per the Laffer Curve. Lower tax rates stimulates economic growth, and gives more money to the taxpayers.
Nice work, Dan. The big rally seems less likely all the time.
"And that’s if ‘nothing bad happens.’ "
Ah, but something bad DID happen: we started believing our own hype. Best always. PM