Taking The Odds
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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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.
Mogambo Guru visiting the offices of GoldSilver.com where he ran into Junior
Mogambo Ranger (JMR) Dan Rubock, Managing Director, GoldSilver.com media,
sporting his Mogambo Guru T-Shirt.
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