09/24/2012: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST

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https://archives.warpradio.com/btr/InvestorsEdge/092418.mp3

JUST LETTING YOU KNOW

Hillary Clinton is out calling for a global tax. They have this Clinton Global Initiative. It’s Bill Clinton’s charity. He’s done a lot of great things and he’s raised a lot of money for a lot of great causes. To quote Hillary Clinton:

“It is a fact that the elites in every country are making money. There are rich people everywhere, and yet they do not contribute to the growth of their own countries…”

What? I’m not making this stuff up. This is what she said. And she’s calling for higher taxes around the world on the wealthy.

Right. I try to keep the language here at a certain level, so I won’t do anything more on that…except to say: There’s federal tax, there’s state tax, there’s local tax, there’s property tax, there’s sales tax, and there’s excise tax. In case you don’t know, there’s telephone tax, gasoline tax, airline tax, social security tax…there’s recreational vehicle taxes, water craft registration taxes, workers compensation tax, interest expense tax, food license tax, fishing license tax…how about dog license tax? Cigarette tax. Liquor tax…

Do I need to go further? These people are nuts. Hillary Clinton is nuts. The U.N. is nuts, calling for a wealth tax. And here’s the “nut” part. They can do anything with the money…just slush fund it away. Why don’t you check where our stimulus went? It’s a slush fund.

Are you any of your PO’d about where our money is going and what it’s doing? How’s the trillions doing for poverty? How’s that working out? The trillions that have gone to poverty programs. How’s that doing?

I wish these people would shut up. And when I hear Hillary Clinton talk about how the “wealthy do not contribute to growth?” You contributed? You’re wonderful. You made all your money writing books and speeches. And then had a political machine to win elections.

Fabulous. You know where I stand, ladies and gentlemen. Until government spends our money correctly, they shouldn’t get another dime. Until they’re efficient, effective and accountable, they shouldn’t get another dime.

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Gary Kaltbaum owns Kaltbaum Capital Management, LLC (“KCM”), an investment adviser registered with the U.S. Securities and Exchange Commission. The opinions expressed herein are those of Mr. Kaltbaum and may not reflect those of KCM. The information offered in this publication is general information that does not take into account the individual circumstances, financial situation or individual needs of an investor. The information herein has been obtained from sources believed to be reliable, but we cannot assure its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results.