Episode 113: A Power of Zero Amazon Review Rebutted

The Power of Zero occasionally gets a negative review. Today’s episode is going to deconstruct and rebut a recent one-star review and go through the different perspectives. The first claim is the book is based on a misleading assertion regarding taxes in retirement. They are basically subscribing to the idea of tax diversification and the idea that we don’t really know what taxes will be in the future, and in that case we should hedge our bets against all possibilities. This would be a fine approach if we didn’t have any data to base a decision on. That’s not the case. The current fiscal trajectory can not sustain the current level of taxation and number of prominent experts in the financial world agree. Absent a dramatic cut in spending, tax rates will have to go up and we will go bankrupt as a country. Tax rates will have to go up or eventually the interest on the debt will consume the entire federal budget. Most people believe that tax rates will go up in the future, but they also h...