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We turned to economists Stan V. Smith, Ph.
The Big Picture: Wealth Transfer vs.
Some states find that giving money to the poor is themost efficient wealth transfer.
Thats one thing I think well see more of government, so to speak.
If they say were going to tax you more, theyll figure out a way to minimize that impact.
In the Cayman Islands, you find there are like 4,000 banks in Nassau (laughter).
According to aColumbia University study, the tax break reduced childhood poverty by 30% during the pandemic.
However, Congress failed to renew the program.
Governor Walz implemented a similar tax break in Minnesota in 2023.
Every taxpayer with kids was entitled to receive $1,750 per child.
An increase inchild tax creditswould benefit everyone, said Collins.
It would also benefit the wealthy because [they] would not be exempt from those child tax credits.
We have to do something about social security because it is actually the worldslargest legal Ponzi scheme.
Delaying the qualification age can save some money; another option is to have a means test.
Theres really not much anybody can do about it.
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