John T. Reed’s news blog
John T. Reed response to a CA editorial urging banning of youth tackle football because of concussion danger
Posted by John T. Reed on
Regarding banning youth football in California in the editorial page of the East Bay Times for 2/15/18 I coached youth tackle football in San Ramon and Danville for nine seasons, flag football in Lamorinda for one season, and high school football for six seasons at Miramonte, Grenada, and Monte Vista. My three sons played youth and high school football. And I wrote eight books on coaching football—one about flag, one about clock management that is used by NFL and college coaches, one about offense that applies to all levels, one about coaching freshman and junior varsity football, and four books...
Your tax preparer is likely playing you for a fool
Posted by John T. Reed on
Yesterday, I got my annual J.K. Lasser’s Your Income Tax Professional Edition. You should, too. The non-professional version is sold real cheap in places like grocery stores. I paid $55 for this from Target. Amazon wanted more.The difference between the two editions is the Professional Edition is hard cover and has the relevant legal citations. There is no soft cover Professional edition.Please do not tell me your accountant takes care of all that, Mr. Big Shot. It makes me and the readers of my book Aggressive Tax Avoidance for Real Estate Investors (over 100,000 sold) wince.The late Leigh Robinson was...
Bankruptcy of the federal government does not mean bankruptcy of all Americans, only the Americans who did not prepare
Posted by John T. Reed on
I want to be sure readers understand why I am careful to use the phrase “federal government” when I talk about the inevitable fiscal collapse caused by federal deficit spending. The collapse will almost certainly take the form of hyperinflation—because that lets the politicians blame Wal-Mart and Amazon. The alternatives, higher taxes and/or more failed attempts to sell yet more U.S. bonds, cause the politicians to get blamed. So they will “print” worthless money to pay social security, etc. Will that also bankrupt the American people? Cross off these items on your financial statements Get out your balance sheet (assets...
It may already be too late to head off U.S. government bankruptcy, but it is not too late to prepare yourself.
Posted by John T. Reed on
The projected deficits and current national debt are a dire emergency. They have already severely hurt the national defense. They will cause hyperinflation if not reversed. Republicans waiting for the Democrats The position of the Republican Party is they cannot address the national debt-to-GDP ratio without Democrat support and therefore they will not even mention it until the Democrats indicate they are willing to cut entitlements. Democrats are waiting for the U.S. government to go bankrupt Democrat policy is they will INCREASE entitlements and NEVER cut them. The Democrat policy is suicidal. They literally want the nation to crash because...
Moving up to high society in America
Posted by John T. Reed on
Class warfare and envy Marxists including the Democrats, are totally about class warfare and pandering to the envy and resentment lower class people feel toward towards the upper classes. Implicit in a class warfare business model is the assumption that you are born into your class and stuck there forever. American social mobility But the business model of America has long been that we do not have inherited classes. Your income, education, and associations determine the closest thing we have to a class in America. The poor shall be rich, and vice versa Thomas Sowell often points out that the identities...