Trump’s recent and proposed tax-cuts are double economic whammies adversely affecting Gen X and Y Americans. The lion-share of the ultimate cost of these tax-cuts resulting in the U.S.’s increased national debt will be borne by America’s younger generations through austerity or higher taxes or both. On top of these likely economic burdens, record stock buy-backs the primary result (57% per the linked article) of the recent corporate tax cuts have pushed the valuation of U.S. stocks to record levels, making it highly unlikely and perhaps impossible for younger generations of American to reap the high rates of returns that older generations have enjoyed from investing in the stock market.
Read the rest of the story HERE:
At money.cnn.com
At money.cnn.com
