Quote:
Originally Posted by BlackCrayon
not the point at all. the point is no matter how much more taxes are collected, they will only want more and spend more. if you think those people getting paid under the table paying taxes on it is going to reduce your tax burden i'd say you are naive and put too much trust in the government to do the right thing. they exist largely to serve their best interest, not yours.
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That may be true -- I think that living in Canada you have some experience with this.
However, if Trump and the Republican majority Congress is serious about lowering taxes without ballooning the budget deficit and causing bad economic times, or even a depression -- they better start doing exactly what I am saying. A lot of earnings by corporations end up "under the table" just like Bob the itinerant carpenter's wages.
But you are probably right -- that is why I believe deleveraging before the coming hard times is a very good idea. If I am wrong you will still have your money to invest. If I am right you will buy assets cheaply.