Lara-Murphy Report

2020 April Lara-Murphy Report

Major Firms Less Liquid Than a Responsible Household
Standard financial planning recommends that a typical middle-class (or wealthier) household have at least 6 months’ worth of expenses available in very liquid funds (“cash in the bank”), to handle a sudden job loss, injury, or illness. And yet, when the coronavirus crisis struck, we saw not only small businesses but even many major firms brought to their knees because they couldn’t handle even a temporary interruption in their revenue streams.

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2019 November Lara-Murphy Report

Democratic presidential candidate Elizabeth Warren has been throwing out so many ludicrous campaign promises that she makes Andrew Yang—the guy literally trying to send everyone a monthly check from Uncle Sam—look reasonable in comparison. Recently, in order to explain how she’d pay for her $52 trillion (over ten years) “Medicare for All” program, Warren doubled her proposed wealth tax on billionaires, from the original 3% now up to 6%.

To repeat, this is an annual tax on wealth, not on income.

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2019 October Lara-Murphy Report

Just when you think that you have learned all of the possible strategies associated with Nelson Nash’s Infinite Banking Concept (IBC), up pops a brand new one. New, that is, but only to all those who have never realized the various opportunities found in practicing IBC as your very own banking system, especially at tax time. But now the latest window of unrecognized opportunity for IBC has surfaced in the area of charitable giving. According to recent publications charitable dollars have dropped significantly under the new tax law.

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2019 August & September Lara-Murphy Report

Despite their claims of just reporting on the science, the radical environmentalists don’t have the facts on their side. One of the big stories this month was “Climate Week” (September 24-30), and in particular the passionate testimony of sixteen-year-old Greta Thunberg before the UN, in which she famously exclaimed, “How dare you!” to the adults who were allegedly ruining her future. Another related item was the tragic death in late August of economist Martin Weitzman, which shone a spotlight on his technical work showing the limitations of conventional models in handling catastrophic risk scenarios.

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