InvestTalk 6-6-2024 – Could a 'Value-Added Tax' Be a Potential Solution to Our Crippling Debt Problem?
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 7 June 2024
⏱️ 50 minutes
🧾️ Download transcript
Summary
According to the Congressional Budget Office, interest on the national debt in 2024 will cost a staggering $870 billion, a sum that exceeds the amount we spend on defense.
Today's Stocks & Topics: DG - Dollar General Corp., CLIP - Global X 1-3 Month T-Bill ETF, Market Wrap, Could a 'Value-Added Tax' Be a Potential Solution to Our Crippling Debt Problem?, CIVI - Civitas Resources Inc., Treasury Debt Buy-Backs, KNSL - Kinsale Capital Group Inc., MLI - Mueller Industries Inc., THC - Tenet Healthcare Corp., The Diamond Market, HEES - H&E Equipment Services Inc., Life Insurance Companies.
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Transcript
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| 0:00.0 | On radio, on YouTube, streaming live on Invest Talk. |
| 0:09.0 | And for our podcast subscribers, this is Invest Talk, above average investing for the average investor. |
| 0:17.0 | Invest Talk is made possible by KPP Financial, a registered investment advisor firm, serving clients throughout the United States. |
| 0:26.5 | Here is KPP Financial Chief Executive Officer, Financial Advisor Justin Klein. |
| 0:39.0 | Good afternoon fellow investors and welcome back to Invest Talk. This is our Thursday June 6, 2024, edition. |
| 0:43.2 | I'm Justin Klein, and my objective here |
| 0:45.7 | is the same as it is every day, which |
| 0:47.4 | is to help you become a better investor. |
| 0:50.4 | And normally we get right to the calls, but I wanted to highlight today being the 80th anniversary of one of the most important events in modern human history. |
| 1:04.4 | And that is D-Day. |
| 1:06.5 | And it was this date back in 1944 that the Allied forces began their invasion of France to push Germany back and push out their |
| 1:17.9 | war machine and ultimately win the war. |
| 1:21.7 | Now the Allies were led by the so-called Big Three, the UK, Soviet Union, and the United States, |
| 1:26.3 | which were principal contributors of the manpower. The massive military invasion known today as the Normandy landings |
| 1:35.4 | nicknamed D-Day and it was targeted on the beaches in France and today in 1944 seems like a long time ago. |
| 1:46.7 | But in reality, many people in the Invest Talk audience |
| 1:49.3 | probably had a father, grandfather that were fighting during that time. |
| 1:57.0 | And I know I had a great-grandfather that was in World War II. Well not great |
| 2:04.5 | grandfather, a great uncle that was in World War II. And he died. He was |
| 2:10.0 | a fighter pilot. So this hit home to me and the invasion forces at that time |
| 2:16.5 | included 7,000 ships. Think about that and landing crafts. More than 2 million |
| 2:21.5 | Allied soldiers, sailors, pilots, medics, etc. |
... |
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