Thursday, July 7, 2016

Rising Taxes As The Economy Contract Coming To Numerous States Across America

Raising taxes rather than shrinking the size and scope of the public sector as the economy enters liquidation in 2017 will be the preferred strategy of establish politicians to solve the budgetary crisis crippling many states such as California, Illinois, New Jersey, New York, as well as numerous other states across America. This strategy, an illusion of central planning and control, will not only compress standard of livings for families facing steady declines since the 1970's but also stoke the fire of social discontent as socialism enters its final stages of public acceptance. While crash and burn economics is coming from Europe, it will infect the United States at some point. Have no doubt about that.

Headline: New Jersey may hike gas tax by 23 cents a gallon

But happy news for July 4 weekend drivers, that hike won't happen this week. Lawmakers in both the state Assembly and the state Senate appear to be on board with increasing New Jersey's gas tax to 37.5 cents a gallon, up from 14.5 cents currently. But on Thursday political fights over what other taxes should be cut at the same time is delaying passage of the higher gas tax.



Market-driven money flow, trend, and intermarket analysis is provided by an Insights key.