Welcome to the end of the week and another edition of Happy Hour! Just sit back, relax, and enjoy your end of the week roundup of all things interesting in the land of money.
100% Tax On The 1%
The single biggest reason we are in this Fiscal Cliff mess is the tug of war between the President and the House. The House wants to keep tax rates low for everyone. The President wants to keep taxes low for everyone except those in the top tax bracket.
Why the difference of opinion? The excuse is that if the top tax bracket folks “pay their fair share” all will be right with the world, the government can finally balance the budget and pay off trillions in debt.
There’s just one little problem, the math doesn’t add up. Even if we take it to an extreme with a 100% income tax on millionaires, there would be a shortfall. This class warfare smokescreen is a waste of time and just draws everyone’s attention away from real problems.
Best Investment Ever
Peyton Manning is now the proud owner of 21 Papa John’s restaurants in Colorado. Should it really be a surprise that just two weeks later Colorado voters legalized marijuana? A coincidence. Or did Bronco fans find a way to thank their star QB through this nicely timed derivative play. I can already see new advertising in the works: Nothing cures the munchies like Papa John’s does! Continue Reading…
The markets came back to reality this week. Many blamed it on the election results. Despite your political leanings, there’s been this fiscal cliff to deal with all year. And apparently Europe still has problems too. The concern going forward lies with the possible effects of expiring tax cuts. You can read all about the potential 
For the past four years investors have been on a quest for higher yield as the Fed has pushed rates lower to spur economic growth. It’s been a double-edged sword. With savers being gouged by lower rates, investors have thrown risk out the window in search of higher yield. Since 2007, over 
The stock market doesn’t close unexpectedly very often. If anything, it’s consistent in only closing on the weekends and federal holidays. But every once in a while, it has to make a rare, unexpected closure.