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Tag Archives: taxes
The Great Deficit Ruse
The Great Deficit Ruse Your intuition is right: tax cuts are good and tax increases are bad. If your profligate friend blew his budget on liquor, you might feel bad for him. But it’s unlikely that you would be willing to fork over money to cover his mistake. He needs to figure it out. And […]
Canada’s Hunt For Taxes Turns on Minimum Wage Earners
Canada’s Hunt For Taxes Turns on Minimum Wage Earners The hunt for taxes has turned to employees of companies. Any benefit you give an employee is considered “soft-income” and is to be taxed. In the USA, the maximum value of a gift I can hand an employee is $25. I can’t even give them a […]
Hartford Could Default On Its Debt As Soon As Next Month, Moody’s Says
Hartford Could Default On Its Debt As Soon As Next Month, Moody’s Says Moody’s latest warning about Hartford Connecticut is its most dire yet. In a report issued Thursday, the ratings agency’s analysts said Hartford, Connecticut’s once-proud capital city, could default on its debt as soon as next month, forcing the capital of the country’s […]
The Coming One-World Currency
The Coming One-World Currency QUESTION: Bitcoin + Cryptocurrencies Firstly, thank you – I’ve learned more from your blog and models that high-school would ever have hoped to teach me. And even after a year I am a still at the start-line of knowledge. I am also been a follower and investor/gambler on crypto for over […]
Taxes the Lynch-Pin of Civilization
Taxes the Lynch-Pin of Civilization QUESTION: Mr. Armstrong: I find it disheartening the more I try to advance my family to build a better future for them, the more I realize that the harder I work we do not really get ahead. I agree that taxes just keep moving higher and I am now looking […]
The Italian experiment and the truth about government debt
The Italian experiment and the truth about government debt Money is a slippery concept. Today we think of it as paper certificates and coins. But actually, anything that is generally accepted in trade can be considered money. The rise of cryptocurrencies is demonstrating this truth. In wartime scarce but desirable and easily transported commodities such […]
Paul Tudor Jones Warns Disastrous “Wealth Disparity” Will End In “Rev
Paul Tudor Jones Warns Disastrous “Wealth Disparity” Will End In “Revolution, Taxes, Or War” Having previously warned of the “disastrous market mania,” and told Janet Yellen to “be terrified” in April, legendary trader Paul Tudor Jones has a new message for CEOs, urging them to stop embracing the profit-above-all-else ethic creating massive wealth-inequality, or face […]
The Trouble With Taxes
The Trouble With Taxes Can we imagine a world without? The U.S. Department of the Treasury building in Washington. The federal budget makes up 21.5 percent of GDP. (Chip Somodevilla/Getty Images) “There is no more persistent and influential faith in the world today than the faith in government spending,” wrote economist Henry Hazlitt in 1946. […]
Is Population Decline Catastrophic?
Is Population Decline Catastrophic? In the 1970’s we heard the earth was going to get so crowded we’d be falling off. Now the panickers have flipped to population decline. They were wrong in the 70’s, so are they wrong again? Is a declining population catastrophic? Countries from Germany to Japan are investing in mass immigration […]
Update on the Deflating Housing Bubble in Toronto
Update on the Deflating Housing Bubble in Toronto Missing Chinese money? Hardest hit is the priciest segment: detached houses. Home sales in the Greater Toronto Area plunged 35% in September compared to a year ago, to 6,379 homes. The plunge in volume was spread across all types of homes. Even condos got hit: Detached houses […]
Social Destruction by the Abuse of Money
SOCIAL DESTRUCTION BY THE ABUSE OF MONEY In Britain, the top 1% of earners pay over a quarter of all income tax collected, and while super-rich British residents perhaps don’t have the tax breaks the Macklowes enjoy, the bulk of the burden falls on lawyers, bankers, company executives and owners of successful private enterprises. And […]
Upon The Next Crisis, The Rules Will Suddenly Change
Upon The Next Crisis, The Rules Will Suddenly Change For the benefit of the elites; not the rest of us We can add a third certainty to the two standard ones (death and taxes): The rules will suddenly change when a financial crisis strikes. Why is this a certainty? The answer is complex, as it […]
The Coming One World Currency
The Coming One World Currency QUESTION: Dear Marty, I sure would appreciate any thoughts you have on rumors making the rounds that the International Monetary Fund has tipped its hand, in part via its June 2017 “Fintech and Financial Services: Initial Considerations” IMF Discussion Note, and intends to replace the US Dollar as the global […]
Does Government Spending Create More Economic Growth?
Does Government Spending Create More Economic Growth? After the 2007-2009 global financial crisis, fears of ballooning public debt and worries about the drag on economic growth pushed authorities in some countries to lower government spending, a tactic that economists now think may have slowed recovery. Note that in the United States the total debt to […]
The Hunt for Taxes is Global
The Hunt for Taxes is Global Taxes are the root of all evil for this is the confrontation against the people that historically leads to civil unrest and then revolution. The American and French Revolutions were over taxes. Historically, even the Roman Empire was forced from time to time to grant tax amnesty as was […]
