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A Level Playing Field: Banks vs. Credit Unions

How would you feel if we were going to race in 100 yard dash (the length of a football field) and I told that I was going to get to start at the 21 yard line while you had to start at the goal line? Or what if I we were going to do 100 pushups?  Except for yep, you guessed it...I'll be starting on 21  while you start at 0. Or what if I our boss offered to pay both of us $100 for doing the exact same job.  But then he took $21 from you for taxes while I kept my entire $100. Would that seem fair?  Who do you think would win the race or pushup contest?  Who would have more money even though we both did the same job?   It seems odd to me that in this world of 'equality for all' that businesses offering services in the same field would be treated unfairly.  Now I understand competitive advantage, market share, niche business and all of that.  But for Congress to outright give one type of business which competes directly against others ...

Tax Reform - A Simplified Approach

One of the hot political topics right now is tax reform.  And, spoiler alert, there are people on both sides that are for and against the new bill.  The biggest issues I've heard from it so far are: 1.  Tax cuts for low to middle income families. 2.  Tax cuts for the wealthy. 3.  Tax cuts for corporations. so let's look at those. I believe that all politicians want to at least say they will, and hopefully do, make tax cuts for what I consider normal working class people like my family, my friends, and myself who work a regular job with enough money to live off of but not so much that we have no financial stresses in our life.  We all want a break on taxes which means more money in our pocket.  Money that we can use to be charitable, give to our loved ones, save, pay off debt, or even sparingly treat ourselves.  This is also money that we still spend in stores, restaurants, and other businesses which guess what...makes more people money....