Bipartisan IRMAA relief

Investment Analysis Clubs Macro Economic Trends and Risks
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Senate bill would eliminate first two IRMAA brackets, saving a couple $5,784/year versus current law.

I’m still waiting for IRMAA top bracket relief.

Of course, if you’re worried about the debt and deficits, you should be raising taxes, not cutting them.

intercst

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With the cost military expansionism this 2026 federal budget deficit will be $2.45Tril. Ending medicare medicaid and cutting social security by 25% and cutting the military budget by 20% will balance the federal budget and give Americans relief from libural socialist economy

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Shifting the debt from Government to We the People is just an accounting entry, the debt remains. The question is "Which entity can create more wealth, Government or We the People?"

China ran that experiment after Mao died.

GoogleAI:

“We the People” create the actual wealth. When China’s leader Mao Zedong died in 1976, the state-run economic experiment had left the country impoverished. Under successor Deng Xiaoping starting in 1978, the government stopped trying to direct all production. Instead, it unleashed individual initiative by allowing private farming, small businesses, and market competition. [1, 2, 3, 4, 5, 6]

The Role of the People

  • Farming freedom: Farmers used the household responsibility system to work their own plots and sell extra crops for personal profit.
  • Private business: Citizens started spontaneous local businesses and private firms that became the true engine of growth.
  • Labor power: Millions of individual workers powered new industries and lifted themselves out of extreme poverty. [1, 2, 3, 4, 5]

The Role of the Government

  • Stepping back: The state relaxed strict central planning and price controls.
  • Opening borders: Leaders created Special Economic Zones to welcome foreign trade and outside investment.
  • Providing space: The government permitted the profit motive instead of punishing it, proving that wealth grows when people are free to trade. [1, 2, 3, 4, 5, 6]

I’ll be told that America is not like China but the economy is the economy and people are people. Note the last point:

The government permitted the profit motive instead of punishing it, proving that wealth grows when people are free to trade.

Trying to stop the Pareto or Power Law Distribution in the name of fairness creates equal poverty except for the oligarchs and the ruling clique. How affordable is Affordable Healthcare? Insurance running healthcare?

The Captain

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