Here’s what we have for you today:
• Had a way
• Dollar value
• Awesome innovation
Berkshire Hathaway setting an example for corporate America
Fair enough: At Berkshire Hathaway’s 2024 annual meeting, CEO Warren Buffett stated “if we send in a check like we did last year we send in over 5 billion to the US federal government and if 800 other companies had done the same thing no other person in the United States would have had to pay a dime of federal taxes whether income taxes no social security taxes no estate taxes…”
Valuable advice: At the time of this writing the U.S. national debt is heading towards 40 trillion dollars, let’s give it the benefit of the doubt that no U.S. citizen wants to pay income tax, Warren’s suggestion is actually a profound way to pay off the U.S. national debt within a decade.
For reference: If the top 800 U.S. companies paid a minimum of 5 billion annually to the federal government that equates to 4 trillion dollars per year.
Ways to counter inflation nationally in U.S.
1. Increase domestic production.
2. Have the same import tariff rates for all incoming countries.
3. Tax by sale price discrepancy based on set industry standards.
4. Increase consumer sales tax rate to a steady 15%.
5. Provide benefits for consumer spending.
6. Maintain steady mortgage rate loans at 7%.
7. Have steady salary brackets to increase employee growth.
8. Stop devaluing the dollar by over production.
9. Have banks decline new loans based on amount threshold and quantity of loans.
10. Adopt regulations from other prospering countries that have less debt.
An industry that fought off inflation
Beneficial goods: As technology have progressed throughout history, the cost basis for consumers have lowered. Thus, it can be made assessable to almost everyone, this can be viewed as a good thing.
A Boost: Technology is capable of replacing and enhancing certain human work.
Nature’s specialty: However, even Moore’s Law have its physical limitation. Rest assured, there will always be technical human work that cannot be replaced by technology, that is what makes us unique.