Financial Advice | Watch Guard Capital

Oct 26, 20231 min read

Scrap the Cap on Social Security

A review of the “Scrap the Cap” plan which calls for the elimination of the Contribution and Benefit Base and “Taxing the Rich” to fix Social Security.

Scrap the Cap on Social Security Video Link: https://youtu.be/NJUux4PaIHY

Social Security Links

Contribution and Benefit Base: https://www.ssa.gov/oact/cola/cbb.html

Annual Reports: https://www.ssa.gov/oact/tr/

Trust Fund Investments: https://www.ssa.gov/oact/progdata/investheld.html

Tax Rates: https://www.ssa.gov/oact/progdata/oasdiRates.html Other Links

BLS Inflation Calculator: https://data.bls.gov/cgi-bin/cpicalc.pl

IRS SOI Integrated Business Data: https://www.irs.gov/statistics/soi-tax-stats-integrated-business-data

IRS 2020 Individual Income Tax Returns: https://www.irs.gov/pub/irs-pdf/p1304.pdf#page=5

Social Security Amendments of 1983: https://www.govinfo.gov/content/pkg/STATUTE-97/pdf/STATUTE-97-Pg65.pdf

Playlists

How to Fix & Save Social Security: https://www.youtube.com/playlist?list=PLfjmtHKB-Q80nb8Qjs7o2Yawm4quACPrj Tax Gap Series: https://www.youtube.com/playlist?list=PLfjmtHKB-Q83lJKJ6Pjp7eWmXjQUpzWib Unified Tax Code Series: https://www.youtube.com/playlist?list=PLfjmtHKB-Q835xmazIRQJ3PnIXEvdPApm

Video Links

Myself IOUs: https://youtu.be/K8DNCizwMyQ

Trust Fund Optimization: https://youtu.be/QL9RTNpm7ow

MMT Part 4, How to Fix It: https://youtu.be/9KYtiBmE5jU

What the Hell is the Tax Gap Part III: https://youtu.be/4AO3eVVdMX8

Audio Special Thanks

Chris Haugen - Western Spaghetti

Quincas Moreira - Veracruz

Chris Zabriskie – Readers! Do you Read

Stephen Paluga

Sep 28, 20231 min read

The National Debt Project

Updated: Feb 5

In 2019, I thought it would be humorous to build a program that showcased my abilities as a Financial Planner and modeled out the entire spectrum of possibilities that could be taken to solve our National Debt problem. It became less humorous when that “marketing gimmick” invalidated a large portion of what I had learned during my formal education and an even larger portion of the investment principles that our Financial Industry is using to manage our collective life savings. Nervous but undeterred, I pressed forward with confidence that my endeavors would lead me out of the woods of unknowing and into a meadow of understanding if I just maintained my resolve long enough and continued to put one foot in front of the other. After thousands of hours of research, the eleven steps detailed in The National Debt Project paper were the most important during my journey to “solve” our National Debt “problem.”