Bibb County GOP
Thursday, July 25, 2019 at
the Party Headquarters
During the Monthly
Community Meeting
Financial Expert, Sherri
Goss of the
Rosenberg Financial Group,
Inc.
will discuss financial
issues affecting us today. Open To All
Thirty Seven attended this informative event. The following is composed from the notes I
took during Sherri’s presentation:
The Good
News:
·
The
USA is the World’s largest Oil Producer therefore we do not need to panic when
Iran threatens to reduce oil shipments.
·
The
USA exports Liquid Natural Gas (LNG) to China.
This fact along will most likely close the trade gap we have with China
within the next six years.
·
Our
President has redefined the definition of “Wet Lands.” During the previous administration the
definition established was so broad that run off from a storm that established
a temporary pond was then considered “Wet Lands” which prohibited farmers
cultivating this land from then on.
·
Our
President is requiring people, if able, to work if they desire to receive
welfare payments from our government.
·
The
USA’s Disability Trust Fund is now gaining funds.
·
Our
President has reduced the abuse by China on Intellectual Property Rights. A right that is had by a person or by a company to have
exclusive rights to use its own plans, ideas, or other intangible assets
without the worry of competition, at least for a specific period of time.
Concerns about what the Future holds for all in the USA if
a Democrat should be elected President in 2020:
·
The
impact of those who desire to implement the New Green Deal has yet to be
understood. Implementation will generate
major impact for all.
·
China
does not subscribe to the Paris Accords regarding the Climate Change therefore
they can continue to pollute with no consequences.
·
Those
who support a “Carbon Tax” have not considered the impact such action will
have, A whole new government bureaucracy
will be needed to administer the “Carbon Tax” regulations. Once a bureaucracy is established it often
operates without control by our “Elected Officials.”
·
The
CAFÉ Standards for the auto industry can become more restrictive and cause a
major impact on that industry.
Transportation requiring battery powered cars/trucks can have an impact
on distance traveled each day because of the storage capacity of the battery.
·
Free
Education for all is a “Farce.” We need
to educate to the needs of the industries of the future and skilled
craftspeople required to maintain our society.
A College/University education that is free will have many taking
advantage of the education with no regard for the potential to acquire gainful
employment upon graduation. The State of
Georgia is currently focused on training individuals in useful trades and
occupations that will meet the needs of the people by using the Technical
Schools
·
Some
corporations are now offering free education and other benefits to their
employees versus relying on government programs.
·
Some
have proposed taxing “Fund Transactions” conducted by shareholders and
financial organizations to generate the funds needed to provide the “Free
Education For All” programs that some candidates are now promoting.
·
At
the current time estates can pass to heirs tax free if the estate is worth less
than $12,000,000.00. There are those who
want to lower this limit to $3,000,000.00.
This will have a drastic impact on the ability of farmers and owners of
family businesses to pass the rewards of their efforts to heirs. Additionally, it would require the
establishment of yet another bureaucracy to administer this proposal.
·
The
widely promoted $15.00 per hour minimum wage will have a major impact on job
availability. Rather than continuing to
maintain the current staff levels many employees will implement technology to
replace their human labor force. Many
consider the implementation of the $15.00 minimum wage as being
self-destructive.
·
Health
Care For All. It cannot be
funded!!! Medicare for All is political
suicide. After promoting the
“Affordable Care Act” for ten years the Democrats are now promoting the Health
Care for All which cannot even begin to be funded.
Alan F. E. Thiese
