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Make Me Smart

Whaddya wanna know about a second Trump term?

Nov 14, 2024
What happens if Trump returns for a second term? The hosts tackle the potential elimination of the Department of Education and the economic ripple effects. Can tax cuts for tips and overtime reshape the landscape for workers? They dive into the murky waters of student loan forgiveness amid Biden's faltering plans. With trade tensions brewing, alternatives to tariffs are explored, raising questions about how to effectively address these economic challenges. Tune in for insights on the future of education, taxes, and student debt!
12:18

Podcast summary created with Snipd AI

Quick takeaways

  • The potential elimination of the Department of Education faces significant hurdles in Congress, necessitating bipartisan support for any drastic change.
  • Proposed tax cuts on tips and overtime pay could increase disposable income but may also lead to negative employment consequences and reduced federal revenue.

Deep dives

Locking in High Bond Yields

Falling interest rates present an opportunity to secure high yields through bond accounts, offering returns of 6% or higher. This is especially beneficial because when rates decline, so do the interest earnings on many investments. By investing in a diversified portfolio of high-yield and investment-grade corporate bonds, individuals can protect themselves from the diminishing returns that others may experience. However, it's crucial to act swiftly, as these attractive yields are only guaranteed upon investment.

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