The Capitalist Investor - Episode 159 And we’re back! Welcome to our first episode of “The Capitalist Investor” in 2023. Hopefully 2023 is better than the crazy things we saw in 2022. We try to be optimistic during turbulent times, but at the end of the day, we need to pay attention to all of the good & bad to come up with our thoughts & views about the future to keep our eye on the ball. As we head into 2023, there are a lot of things we are keeping our eye on.The Tax CodeThe tax code changes that are going into effect in 2023 are going to have a big impact on the markets. Businesses are going to be affected the most, and it could not have come at a worse time. The team talks about how these changes are going to affect businesses and the market as a whole. The Inflation Reduction Act might actually work on businesses, but reducing demand through the middle-class isn’t a good thing. Businesses may be worse off due to changes in capital expensing, R&D expensing, and interest expensing. The new tax code will disincentivize businesses from growing, and this will cost consumers jobs at a time when the Federal Reserve’s interest rates are crushing demand. All of this will impact the economy, the markets, and you’re wealth, which is why you need to pay attention to fiscal policy. The new tax plan essentially is making the government bigger through more tax revenue, which is causing the government to pick the winners & losers through the re-distribution of wealth.Oil & EV’sOil has recently been selling off, which might suggest a couple of different viewpoints. It could suggest that a recession is looming as demand decreases throughout the world. It could also suggest that the supply chain of oil has gotten better. But that doesn’t mean there aren’t risks in 2023 for oil. An escalation in Russia/Ukraine of China/Taiwan could send oil higher. Also, China re-opening the economy could increase demand in oil as well. Ultimately, lower oil costs is a good thing for the American consumer who is already struggling and is a good thing for inflationary pressures. But it’s not a good thing for Electric Vehicles. One of the selling points for EV’s is the cost of gasoline compared to electricity. As gas prices go lower, there is less incentive for people to buy Electric Vehicles. What does this mean for the investment world and stocks like Tesla?McDonald’s Using Technology & AICancelled this week involves a conversation around McDonald’s and their first restaurant to replace all of their workers by using machines & technologies to make the food for customers. What is the long-term impact technology has on the overall eceonomy and is it even sustainable in a capitalistic world? What ultimately might happen as time goes on and middle-class jobs are replaced by artificial intelligence and machines? It’s something we need to pay attention too as technology continues to exponentially grow and businesses continue to use technology faster as the cost of hiring employees continues to rise.TIMESTAMPS0:00:04 The Impact of the Secure Act on Businesses and the Market in 20230:02:15 The Impact of the Inflation Reduction Act on Businesses0:03:58 The Impact of the Trump Tax Code on Businesses and the Economy0:06:56 The Impact of Rising Interest Rates on Businesses0:09:19 The Impact of the New Tax Laws on the Stock Market0:11:44 The Impact of the Child Tax Credit on the Economy0:14:00 The Impact of Redistribution of Wealth on the Economy0:17:21 Oil Prices and the Electric Vehicle Market0:19:10 The Impact of Cheap Gas on Electric Vehicles0:21:33 The Impact of Electric Vehicles on the Automotive Industry0:22:58 The Future of Electric Vehicles: A Conversation with Tesla Owners0:25:46 Tesla is Still Overvalued0:27:33 The Impact of Automation on the Fast Food Industry0:29:43 The Impact of Technology on the Workforce0:31:25 The Impact of Technology on Society0:32:58 The Future of Work: A Discussion on the Impact of Technology Connect With Mark TepperTwitter: @MarkTepperSWPFollow Mark on LinkedInSend Mark a message hereThe SWP Connect YouTube ChannelConnect With Ryan DobrokaTwitter: @DobrokaRyanFollow Ryan on LinkedInSend Ryan a message hereThe SWP Connect YouTube ChannelConnect with Derek GabrielsenTwitter: @DerekGabrielsenFollow Derek on LinkedInSend Derek a message hereCheck out Derek’s YouTube channel!Connect With Luke LloydTwitter: @LloydBoyLukeFollow Luke on LinkedInSend Luke a message hereThe SWP Connect YouTube ChannelConnect with Tony ZabiegalaTwitter: @TonyZabiegalaFollow Tony on LinkedInSend Tony a message hereThe SWP Connect YouTube channel!Send your questions and comments to us at info@SWPConnect.com
