Your Survival Guy

Preparing your investments and family for when disaster strikes.

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Biden Is Planning To Rob the Dead

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Americans know that Joe Biden wants to raise their taxes, but they might not realize he'll be coming for their money even after they're dead. In The Wall Street Journal, Richard Rubin and Rachel Louise Ensign outline Biden's plan, writing: President Biden has proposed raising the top capital-gains tax rate to 43.4% from 23.8% and taxing appreciated assets at death as if they had been sold. Under current law, appreciated assets held until death escape the income tax. Heirs pay capital-gains taxes only when they sell and only on gains since the prior owner’s death. Tax lawyers are looking … [Read more...]

SECOND AMENDMENT: Judge Overturns California Assault Weapons Ban

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For 32 years Californians have had their Second Amendment right infringed upon by the state's draconian "assault weapons ban." The ban has prevented Golden Staters from owning most standard versions of America's most popular firearm, the AR-15. In his ruling, Judge Roger Benitez struck a blow to the heart of the central argument of most anti-gun activists, saying, "One is to be forgiven if one is persuaded by news media and others that the nation is awash with murderous AR-15 assault rifles. The facts, however, do not support this hyperbole, and facts matter. In California, murder by knife … [Read more...]

If This Man Thinks Inflation is Back, Worry

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You have been telling me about the inflation you're seeing in your life. It's not good. Inflation can throw all the calculations of a well-planned retirement into chaos. Even people who are still working need to readjust in the face of higher prices. When those old dollars you saved after working hard aren't worth as much as you'd thought they'd be, life gets trickier. Now, Roger Bootle, the man who officially declared inflation dead in a 1996 book title The Death of Inflation: Surviving and Thriving in the Zero Era (no relation to my monthly Survive & Thrive newsletter, which you can … [Read more...]

California Losing Most Residents to Texas and Arizona

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New data from the IRS adds some detail to what America already knew from the Census--people don't want to live in California anymore. On net, California lost more taxpayers and dependents than any other state between 2018 and 2019. Eight million people left the state during that time, with 165,355 fewer moving in, making for the state's largest loss. Those numbers don't even include the mass exodus caused by COVID-19. Texas and Arizona were the most popular destinations for California refugees. Cole Lauterbach reports for Just the News: Texas was the primary destination for California … [Read more...]

Your Emails and Comments on Med School Talk

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In my conversations with you, you're telling me you liked Your Survival Guy Presents to Prestigious Med School. I turned it into a Special Report: How To Invest After Graduating College so you can give it to someone you care about who's just starting out with their career. If you haven't read the piece, you can read it here: Excerpts from my Wednesday presentation to recent grads and associates of an esteemed NYC med school. I love hearing from you. This week I'm choosing two emails to share with you because of their unique perspectives: One from a doctor client remembering when he first … [Read more...]

Inflation? Yes, Your Survival Guy Paid This For…

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Inflation? Yes. Your Survival Guy paid $19.50 per pound for fresh cod last week. I know you’re seeing inflation too because you’re telling me about it. How about buying a boat? New ones are back-ordered for months because of a shortage of resin and off-the-charts demand for new boats. How about used boats? This is anecdotal evidence, but the for sale listings in the back pages of On the Water magazine are scarce. In the past, there would be several pages worth of listings. The most recent issue? Two pages. You can’t find a boat today. Not to mention a good fishing rod and reel to go with … [Read more...]

Newport, RI Stabbing Death at House Party on Thames Street

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Last weekend a 22-year was stabbed three times in the neck at a house party in the wee hours of the morning and died on the way to RI Hospital. The Newport Daily News reports: Two Newport teenagers who are implicated in the homicide of a Little Compton man during a party at a short-term vacation rental in Newport last weekend were arraigned in District Court on Thursday. Judge Colleen Hastings ruled that Tyrese Poulsen, 18, who is charged with murder, violated his conditions of release when he allegedly stabbed Maximus Julian, 22, who died on Tuesday afternoon. During the proceedings, … [Read more...]

Inflation and Destruction of the U.S. Dollar University

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With inflation running hot, team Biden is actually thinking about forgiving student debt. When you run out seven percent inflation (not impossible) for ten years, debt is half of what it was. Coincidence? Hardly. While Biden ratchets up inflation to pacify the radical progressives and students who put him in office, the American middle class will suffer. Kristin Tate writes in The Hill: The sharpest tax President Biden is levying upon Americans is one that was never passed by Congress, promised from the White House, or voted on by citizens at the ballot box. The invisible tax of rising … [Read more...]

Napolitano: Why Did Americans Let This Happen? Fear

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At LewRockwell.com, Judge Andrew Napolitano asks how Americans allowed governors to walk all over them with unconstitutional orders during the COVID crisis. They went wild, and punished workers with ham-fisted rulemaking far exceeding their authority. The answer, suggests Napolitano, is fear. He writes: Why did so many folks who believe in personal liberty accept these illegal orders and cave to them? Why did we wear medically useless masks on our faces when we, not the government, own our faces? Why did we allow the government to close lawful businesses? Why did police and prosecutors break … [Read more...]