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Tag Archives: taxes
Ontarians Urged To “Voluntarily” Pay More Taxes To Cut Province’s Debt
Ontarians Urged To “Voluntarily” Pay More Taxes To Cut Province’s Debt Christmas is a time for giving and that is what Ontario Premier Kathleen Wynne is asking of her citizenry. With almost $300 billion in debt, and almost 1 in 10 dollars of revenue going to pay interest, and already facing the highest tax rates […]
Are Negative Rates Fueling Deflation?
Are Negative Rates Fueling Deflation? Those in power never understand markets. They are very myopic in their view of the world. The assumption that lowering interest rates will “stimulate” the economy has NEVER worked, not even once. Nevertheless, they assume they can manipulate society in the Marxist-Keynesian ideal world, but what if they are wrong? By lowering […]
Tomgram: Rebecca Gordon, Corruption U.S.A.
Tomgram: Rebecca Gordon, Corruption U.S.A. I recently took a little trip into the past and deep into America’s distant war zones to write a piece I called “It’s a $cam.” It was, for me, an eye-opening journey into those long-gone years of American “nation-building” and “reconstruction” in Afghanistan and Iraq. Mind you, I still remembered […]
The World Economy – A Balancing Act Soon to Collapse?
The World Economy – A Balancing Act Soon to Collapse? COMMENT: Dear Martin, From reading your blog and other news I can conclude that the low interest rate has failed to increase the private business activities to the level that normally would require an increase in interest rates. The arguments now are to increase interest […]
Why Even a Modest Disruption Will Shatter the Status Quo
Why Even a Modest Disruption Will Shatter the Status Quo Any modest reduction in debt, tax revenues, consumption or new borrowing will bring the entire Status Quo crashing down. Consider this clipping from the August 1932 San Francisco Chronicle newspaper: “Reduction of salaries of municipal employees and limitation of city positions to only one member […]
The Local Economy Solution
The Local Economy Solution Chelsea Green Publishing Serving as mayor provides one with an array of opportunities to demean oneself on a regular basis—funny hats and dunk tanks tend to be involved. However, for me, and for most of the mayors I know, the lowest moments occur in the grandest corporate offices during economic development […]
Europe – Here we GO Again
Europe – Here we GO Again The European economic crisis just keeps getting worse. The European Commission is now planning to pool all money for bank bailouts among nations. That means the funds set aside in Germany to weather German bank failures can be used in France. Meanwhile, the EU is preparing for relaxing the stability policy (austerity) because […]
The Heresy of Technological Choice
The Heresy of Technological Choice Among the interesting benefits of writing a blog like this, focusing as it does on the end of industrial civilization, are the opportunities it routinely affords for a glimpse at the stranger side of the collective thinking of our time. The last few weeks have been an unusually good source […]
Why The Status Quo Is Doomed, Part 1
Why The Status Quo Is Doomed, Part 1 The current world-system is as doomed as the Titanic. We’re like the passengers on the Titanic 10 minutes after the mighty ship struck the iceberg: there is virtually no evidence to those on deck or those snug in their warm cabins that everything they reckoned was safe and secure was […]
It is Time to Knock off the Bullshit About Surveillance for Terrorism
It is Time to Knock off the Bullshit About Surveillance for Terrorism The worldwide collection of phone calls, emails, text messages and our total loss of privacy is all about taxes – NOT terrorism. With all this power and the demand that encryption be outlawed, not any of this surveillance has stopped one terrorist act. […]
What’s Different About Monetary Policy?
What’s Different About Monetary Policy? Many people agree that it’s important to move to a free market in money (i.e. the gold standard). They also say that it’s just as important to fight bad taxes and regulation. In their view, government interference in the economy is like friction in a car. The more friction you […]
Money is also Perishable – Debasement & Devaluation Easier than Taxing or Defaulting
Money is also Perishable – Debasement & Devaluation Easier than Taxing or Defaulting QUESTION: Martin; Why in the world anyone would invest in government debt when they all default in the end? GH ANSWER: Honestly, most people are oblivious to the fact that government always default in modern times. Jean Baptiste Say took the position that a […]
‘Developed’ nations now $50 TRILLION in debt; literally, figuratively bankrupt for infrastructure, public services
‘Developed’ nations now $50 TRILLION in debt; literally, figuratively bankrupt for infrastructure, public services 4-minute video: Ready to rise from your economic slavery? I continue to factually assert that Benjamin Franklin already “discovered” government can operate without taxes, these superior mechanics were considered so important by Thomas Edison and Henry Ford that they dedicated their 1921 summer vacation […]
Socialism v Capitalism
Socialism v Capitalism The debate for socialism is simply that they regard it as unfair when anyone has more than another. The solution is always to rob someone else to improve your own life. If you take this philosophy on your own, then you rob others because they have more than you on the street […]
