Entry Submitted by Chow at 8:55 PM EDT on July 29, 2021
As said many times by all , the following statements are my opinion , not guarantee
It has been said several times by many respected Intel folks , after the RV and Great Awakening , prices may go back to 1970
I truly have a hard time seeing how prices my / could role back to 1970 . Labor Union’s or not , the price of manufacturing should stay the same possibly go down if many business taxes and cost drop . If an hourly rate is $15, $25, $50 or more, it really don’t see it going back to $4 or $5 , $9 ++etc . I don’t even see a reduction
What could happen is the prices my stay the same or slightly less due to decreased company taxes with a twist
If all the expected changes take place as planned , we could have the following:
- No mortgages for those that own a home freeing up $1,000 to $3,000 ++ per month ‘
- No FICA employment tax 7.65 freeing up $200 to $1,000 per month
- No car payment if you have one – $200 to $500 ++
- No credit card payment if you have one
- No Federal tax – freeing up $500 – $1,500 ++ per month
- No or possible reduced State tax those fortunate that pay state tax as I
- Will Health Care costs lower ?? I bet yes with the pharmaceutical world being held accountable and I’m betting the gov might just jump in and subsidize the carriers dropping premiums along with keeping many of the same carrier over heard restrictions . That alone could save employee hundreds per month and employers $10’s of $1,000’s per months. The other option is Gov run and that would save a fortune for all . If they want to shrink gov by 90% that option makes no sense .
- There are a lot more taxes saved depending on your state
When you really look at the average estimated home owner total savings, the individual / family will save approx. $2,500 to $5,000 ++++ per month , per month.
Federal tax – 15- 30++ %
FICA – 7.65%
SDI – 1% +
How do you put a % on no house card payment etc ?? It’s hard
One could say the decrease / elimination in taxes and debt elimination based on their income could easily be 35-60% ++ buying power. Is it 1970 , probably not but it sure creates an ease of buying power related to goods and services with an overnight increase in income/tax saving , debit eliminated similar to many years ago past to present value
We should or most experience a double dip blessing shortly – RV and where one fits above –
We all must remember the delays will be making US / Global / Biblical History and delays are all part of saving humanity from 100 years let alone 1,000 ++ years of —
Be safe and god bless – we are ridiculously close
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