Everyone have to recognize one basic fact. WE are not the customers of Equifax, Experian, or TransUnion. That’s right- banks, credit cards, finance companies, employers- these are the customers of those agencies. But, the credit reporting firms feel that they have no obligation to keep our information- stuff we NEVER authorized them to collect- secure.
We all keep hearing that the Fed (the Federal Reserve) is confounded. The economy is growing (albeit slower than they would like), but inflation- given the unemployment rates- is virtually non-existent. And, what else is non-existent is a real rise in wages.
This question comes up about once every six months. A client arrives at our door and wants help. They are overwhelmed with debt. Sometimes, it’s because they have this business that is not performing as they hoped/wanted/expected (often, because they need the structure and systems to make it so), other times because of an accident or a sudden illness. But, no matter what the cause, we need to work together to make the situation tenable.
Let me reiterate. I am not a proponent of an increase in the minimum wage. Instead, I advocate for all large ($ 2.5 million in gross sales or 50 employees, which ever threshold is exceeded) firms to be penalized (that’s 110% to 125% of the costs) when their employees need to rely on AFDC (Aid For Dependent Children), SNAP (the new name for Food Stamps), Medicaid, etc. to make up for an employer not paying a living wage to its staff.
Houston right now is a mess. OK. East Texas is a mess. No, I’m not talking about politics- but the situation as a result of Hurricane/Tropical Storm/Rain Storm Harvey. A name surely to be retired from the potential National Weather Service nomenclature.
And, I heard a great story. One that reminds me that almost every community has a hometown hero.
It’s a truism that reforming the corporate tax rates should encourage businesses to invest in ways to improve their bottom line. That normally means finding a way to enhance productivity. But, that also means the lower rates are part of a program to remove special interests.