The Raiders are leaving Oakland because that city refused to give the billionaire owner of the NFL team a subsidy for a new stadium.

Under the law those reaching age 70 and a half must start taking their “required minimum distributions” (RMDs) from their various tax-deferred accounts. These include IRAs, 401Ks, profit-sharing plans, and SEPs. The trouble is that there are so many of them, and they control so many assets, that their RMDs are going to put enormous pressure on the stock market.

With the Internal Revenue Service's abdication, ObamaCare's doom is sealed. The free market, on the other hand, is gearing up to provide alternatives.

Discussion about pension plans being in trouble ignores the big elephant: the nation’s national debt.

When politicians interfered with Uber and Lyft and ran them off, they got a playing field at a much lower level, leaving customers cooling their heels at the airport.

 

 

 

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