Lately there has been quite a bit of activity in either increasing or proposing increasing taxes (also increases in fees, fines, etc). This activity is occurring at all levels, i.e. local, state, and national.
These tax increases are very noteworthy given our current period of economic weakness. I will be addressing various aspects of this in the future.
For now, I would like to highlight the dynamic between taxes and the national debt, which is especially important. I discuss this in the “America’s Trojan Horse” article that can be found here, for those who haven’t read it:
SPX at 1086.22 as this post is written