Do you know about - Peter Schiff Video Blog - March 28, 2011
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Peter Schiff Video Blog - March 28, 2011 Video Clips. Duration : 9.95 Mins.We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Federal Reserve Interest Rates . For the latest Peter Schiff, go to PeterSchiffBlog.com - Economic data on personal spending was reported to be up in February. Why is it good news that people spent more money, when they are in debt and broke? What we really lack in this country is savings, so spending should not be celebrated. The additional spending came from a drop in the savings rate. Real incomes even dropped. The real reason that Americans spent more is that food and energy costs are rising. They would prefer not to spend as much. People are saying that the United States will have no problem paying their debt because they have a printing press. But it would be much better for them to just default on their debt rather than to inflate, which causes a tremendous amount of damage to an economy. 60 Minutes did a report about American companies moving off shore in order to pay lower taxes. It isn't just taxes that companies are avoiding, they are also trying to get away from the regulations. Regulations take a lot of the fun out of doing business, and it is important to have fun with your work. There are a lot more taxes that businesses have to pay than the 35% federal tax rate. It is more like 42% or 44% depending on which state you are doing business in. The best corporate tax rate is 0%. That allows a business to invest and expand, and they will pay out most of that money in salaries. The United States is chasing their entrepreneurs overseas. All the paperwork, charges, taxes and regulations are just ...
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