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Taking The Odds


November 17, 2015
By:  The Mogambo Guru


On a heretofore misplaced piece of paper that was quickly forgotten until a “Hmmm! Look what I found!” moment, some recent noteworthy news is that the federal government took in $3.2 trillion in taxes on 2015, but spent $3.6 trillion, for a paper deficit-spending balance of $400 billion.

Wiping away the coffee stains and (sniff, sniff) what seems to be faint remnants of a chili dog, it appears, as calculated by someone who is more deft with a calculator than I, that this tax haul is more than $21,000 for every one of the country’s 148 million workers who either works full time or part time, which I think is a VERY generous estimate of how many workers there are. 




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Editor's Notes

Richard Daughty (Mogambo Guru) is general partner and COO for Smith Consultant Group, serving the financial and medical communities, and the writer/publisher of the Mogambo Guru economic newsletter, an avocational exercise to better heap disrespect on those who desperately deserve it. The Mogambo Guru is quoted frequently in Barron's, The Daily Reckoning, and other fine publications.


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