Are you ready to become wealthy and financially independent? Would you like to ensure that you maintain your financial freedom? Would you enjoy seeing your children and grandchildren obtain financial freedom early in their lives, no matter what their career choice? And finally, would you find satisfaction in the thought of your parents retiring without worrying that they may outlive their money?

The unconstitutional regulatory environment has expanded exponentially under the Biden-Harris Administration resulting in higher prices for goods and services, supply-chain shortages, less competition, along with the bankruptcy and closing of many small businesses. If you want this government intrusion to be curtailed, vote for former President Donald J. Trump and ALL Republicans on Tuesday, November 5, 2024!

On Thursday, October 24, 2024, The New York Times wrote a story with the headline, “Trump Flirts with the Ultimate Tax Cut: No Income Taxes at All.” On June 19, 2024, I wrote a blog titled, Reasons That Support the Elimination of the U.S. Income Tax, which supports former President Trump’s position; and on October 20, 2024, I discussed Trump’s Tariff Strategy. Both blogs are available at www.JeffersonianGroup.com and are must reads to counter the lamestream media’s criticism of Trump’s proposal.

From 1776 to 1913, the year the Sixteenth Amendment and the federal income tax came into being, the source of federal revenue was from the collection of excise taxes and customs duties or tariffs. There was no income tax, no tax on corporations, and no payroll taxes. To help finance the Civil War, there was a temporary federal income tax of 3% that impacted less than 5% of the population. The first federal income tax occurred under President Abraham Lincoln, and it was repealed in 1872.

The Democrats want our borders wide open! Democrats believe that by allowing into our country countless numbers of illegal aliens, it will be a surefire route to gain more votes in hopes of acquiring an excessive amount of political power. Their endgame is to make sure Republicans never again control the Executive Branch, the House or the Senate. The Democrats will then be able to institute their utopian ideology of socialism—which has never worked any time in recorded history—and, for all practical purposes, they would do away with the First and Second Amendments, along with the Fourth and Fifth Amendments. Basically, they will gut the Bill of Rights and eviscerate the American Dream.

In Profiles in Corruption, Peter Schweizer’s investigative reporting identified eight progressives that used their “political power to enrich” their family; “tilting the scales of justice for the benefit of friends; steering government contracts to friends and family; or using the machinery of [their] office to serve [their] interests rather than those of the people [they] are supposed to represent.” Included among these eight corrupt progressives is Vice President Kamala Harris.

President Joe Biden stated that he ran for president “to fundamentally change things” and “to build an economy from the bottom up and the middle out, not from the top down [often referred to negatively as “trickle down” by the Democrats].” Vice-President Harris has emphatically told the mainstream press that she was the last person in the room with Joe Biden and proud of ALL the decisions and policies put forth by the Biden-Harris Administration.

It has been reported that someone asked Albert Einstein to name the greatest invention in human history and he simply replied, “compound interest.” According to Einstein, “compound interest is the eighth wonder of the world. He who understands it, earns it… he who doesn’t… pays it.” By investing in certain DRIPs, you can take advantage of Einstein’s Law of Compound Interest. For details and how to implement this strategy on your own, read The Best Kept Secret to Financial Freedom, available through our website, www.JeffersonianGroup.com, or directly from Amazon.com.

“The state—or, to make the matter more concrete, the government—consists of a gang of men exactly like you and me. They have, taking one with another, no special talent for the business of government; they have only a talent for getting and holding office. Their principal device to that end is to search out groups who pant and pine for something they can’t get, and to promise to give it to them. Nine times out of ten that promise is worth nothing. The tenth time it is made good by looting A to satisfy B. In other words, government is a broker in pillage, and every election is sort of advance auction sale of stolen goods.”    H.L. Mencken (1880-1956)

On Thursday August 1, 2024, the DOW dropped 494 points and the next day on Friday, August 2, 2024, the DOW experienced a more significant decline, down another 611 points. According to the so-called experts, the factors contributing to this decline included weaking employment, manufacturing, and construction data, along with a weaker-than-expected jobs report and a climb in the unemployment rate to 4.3%. Maybe an expanded and all out war in the Middle East may have something to do with it…

Today’s Democratic Party is strongly opposed to freedom. Democracy and Freedom are antithetical concepts. An example of democracy may be represented by two wolves and one lamb deciding what to have for dinner; freedom, on the other hand, is a well-armed lamb contesting the vote. It is the Democrats and democratically controlled cities that tend to go out of their way to restrict the ability of law-abiding citizens to defend themselves—as guaranteed by the Second Amendment—against violent criminals over-running their cities. Maybe the Democrats are more worried that the Second Amendment right to keep and bear Arms, may someday be used against them as explained by the Founders in the Declaration, “whenever any Form of Government becomes destructive [of our inalienable rights to “Life, Liberty, and the Pursuit of Happiness”] it is the Right of the People to alter or to abolish it.”

Financial Independence has nothing to do with your net worth (assets less liabilities). There are many millionaires who are not financially independent. If they lost their 6-to-7 figure incomes from their jobs or professional careers, many would have to file for bankruptcy. Many millionaires work every day to pay their mortgages on several homes, yachts, and all their other expensive trappings of perceived wealth; they are slaves of the banks, who they pay their mortgages to; they are slaves of government who they pay their Federal and State Income Taxes, Medicare and Social Security Taxes, and the ever-increasing Real Estate Taxes on their lavish homes. If they must work at their jobs or professional careers to maintain their lifestyle, they are not financially independent.

The Supreme Court’s decision on the Bump Stock ban “was more of a victory for the rule of law than anything else. The BATF was trying to expand the scope of its regulatory powers well beyond what the law allowed it to do. The Supreme Court, with its current composition, more than any other court in my lifetime, is trying to limit the regulatory powers of government agencies to what the law granted them, not what might be politically popular regulations at any point in time.” Dr. John R. Lott, Jr., Crime Prevention Research Center, Sat 6/15/2024 6:55 AM.

During a private meeting with Republican lawmakers at the Capitol Hill Club last week, former President Donald J. Trump proposed an “all tariff policy” as a solution to eliminate the U.S. income tax. This is a fantastic idea! If implemented properly, the United States would attract businesses from across the globe to incorporate here, reaching near full employment with workers enjoying much higher wages. This action alone would dramatically reduce the Deep States influence and re-establish the American Dream that has all but disappeared in less than four years under the Biden/Harris Administration.      

Former President Donald J. Trump vowed to eliminate taxation of income from tips if he were to win a second term in the White House. During a recent rally in Nevada, Trump stated, “For those hotel workers and people that get tips, you’re going to be very happy. Because when I get to office, we are going to not charge taxes on tips.”

As DRIP Investors, we are buying an income stream—dividends— that will ultimately replace our wages or self-employment income. As Finance Professors Rubin and Spaht stated, “For those investors who adopt ten and fifteen year horizons, the dividend investment [DRIP] strategy will lead to financial independence for life. Regardless of the direction of the market, a constant and growing dividend is a never-ending income stream.”

As previously stated, beginning January 1, 2024, most small business owners—e.g., corporations, limited partnerships, limited liability companies (LLCs), and business trusts—must report the beneficial owners to FinCEN to include their names, date of birth, address, and a unique identifier number from a recognized issuing jurisdiction (e.g., Passport or Driver’s License), with a photo of that document. Failure to timely comply, timely update, and/or NOT provide the correct information, will result in fines, per violation, of $500 to $10,000 and imprisonment for up to two years. By the time you are notified by FinCEN of your noncompliance, the aggregated penalties may be significantly higher.

James Madison, the father of the Constitution, wrote, “It will be of little avail to the people, that the laws are made by men of their own choice, if the laws be so voluminous that they cannot be read, or so incoherent that they cannot be understood…” Thomas Jefferson warned us, “Law is often but the tyrant’s will, and always so when it violates the right of an individual;” and “The natural progress of things is for liberty to yield and government to gain ground.” We failed to heed the Founders’ warnings…