Give and Take

“Yes, yes, yes,” our first contributor says, “there is a silent majority out here. But with shutdowns and no meaningful outlet for discussion, we stay quiet.

“Many of us are worried about more vocal citizens wearing down the structure of our culture without any give and take. Without an open forum for debate, different views can’t be heard.”

And another self-described member of the silent majority says…

“It would be very sad news for the U.S. if radicals win the election. The only thing they know how to do is promise voters that they will get money — and all sorts of programs — without working.

“But it stands to reason. The same politicians get all sorts of freebie programs. Just read all the benefits professional politicians get: it will make voters sick!”

We’ll share more of your opinions from the silent majority of Americans on Wednesday.

Send your opinions to,

Your Rundown for Monday, Aug. 3, 2020


Speaking of give and take — although from a different perpective — Congress might be on its way to passing the HEALS Act (or the long-awaited second stimulus package).

As usual, the government can’t get enough of bloviated acronyms… and HEALS doesn’t disappoint, standing for the Health, Economic Assistance, Liability Protection, and Schools Act.

First up, if Congress passes the bill, there would be a second stimulus check, and it’s pretty much “second verse, same as the first.” Individuals grossing $75,000 annually or less would get $1,200 or $2,400 for a married couple making up to $150,000.

Like the CARES Act in the spring, taxpayers would receive $500 per dependent… with a twist. The age requirement — under 17-years old — would be done away with. Meaning, if Junior’s back living in the guestroom, he’d qualify as a dependent.

So how about those $600 federal unemployment subsidies? Under the HEALS Act, those would drop to $200 per week through September.

Thereafter? According to The Tax Foundation: “Starting in October, this would be replaced with a payment [to cover] 70 percent of a recipient’s lost wages when combined with state UI compensation up to $500 per week.” In addition, $2 billion would be available to replenish state unemployment insurance coffers.

As for the president’s favorite payroll tax credit — meaning a holiday from paying into Medicare and Social Security — that looks to be a no-go.

Of course, time is of the essence. The Senate will be working overtime (a figure of speech) to get the HEALS Act passed before Congress breaks for the summer on Friday, Aug. 7.

Here’s a question for our readers: If the act passes, and stimulus checks are cut, how will you spend the money?

Market Rundown for Monday, Aug. 3, 2020

S&P 500 futures are  up 19 points to 3,283.

Oil’s down 0.5% to $40.09 for a barrel of WTI.

Gold’s up $1.50 to $1,987.40 per ounce.

Bitcoin is up $82.25 to $11,210.71.

Send your comments and questions to,

We’ll talk again Wednesday; in the meantime, we hope you have a pleasant start to your week.

For the Rundown,

Aaron Gentzler

Aaron Gentzler

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Aaron Gentzler

Aaron Gentzler is the publisher of Seven Figure Publishing. He is also the editor of The Rundown and has been with Agora Financial / Seven Figure Publishing since 2005. He's been covering technology and markets for over a decade.

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