
#19: Simon Mikhailovich on the Ultimate Insurance Policy: Gold
Superinvestors and the Art of Worldly Wisdom
The Correlation Between Income Tax Collections and the Stock Market
The federal government is paying 30% of income taxes right now in interest expense. So, where do these people get it? Why are they paying all these taxes, these 5%? Well, they're getting it from the stock market. They'regetting it from the capital gains. It's basically a hugely levered, uh, financial pyramid scheme.
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