To all my fellow American entrepreneurs, businesses owners, and investors who have been blessed to be in the upper end of the income and wealth spectrum: America needs a lot of things before we need another tax cut.
Back in 2008 Henry Paulson, the Treasury Secretary in the Bush administration, needed to put billions of dollars of the taxpayers money at risk to bail out the big banks. We as a nation have decided that we never want to do that again.
Tuesday the Illinois State Senate took a bold step in fighting inequality by becoming the first state chamber in the country to vote in favor of closing the carried interest loophole.
During the 2016 presidential election Donald Trump repeatedly emphasized the impact of U.S. trade policy on unemployment. The effectiveness of this message to the workers of America was quite revealing.
Personally, I am always cautious because I know that any day, something could go wrong, but I am not making any changes in my investment plans based on the election.