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nc ks | I don't know where this is headed and what to do about it.
It seems agreeable that the guy with no equity and big debt is on shaky ground, but what does he have to lose?
On the other extreme is a guy with no debt and owns a 1/4 but doesn't have enough going now to hardly afford machinery and such. When they raise taxes, whats he gonna live off of?
It seems like the guy with 'proper' debt and enough going on that he built some equity has the most to lose if they can call his debt and totally disrupt his business, pretty soon he has so little going on that he can't pay his taxes.
I suppose that the old miser that has high net worth and no debt can last awhile longer but he too will have to generate money to pay taxes.
In our current system, reasonable debt and low interest rates wins, but what if they turn our current system upside down? | |
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So how do you protect yourself from inflation?
