Paying Your Fair Share
Politicians, the world over, are forever seeking justification to raise taxes. One clever approach to justifying a tax increase is the modern claim by politicians that one group or another must pay its “fair share.” The magic of this term lies in the implication that, somehow, until now, the group in question has not been paying its fair share.
Putin Saves French Actor From Tax Slavery With Russian Citizenship
You are technically a slave when 100% of the fruits of your labor is taxed or otherwise confiscated by force. For some people in France, it is dangerously approaching that threshold and causing them to renounce their citizenship. Gerard Depardieu is literally the concept of “capital flight” personified.
Ben Bernanke – Revisiting The Helicopter Speech
Fed Chairman Ben Bernanke famously gave a speech in 2002 suggesting that if there is deflation, it may be cured simply by dumping new currency from helicopters. The comment was so unnerving that much of the rest of the speech failed to generate much discussion, yet, in it, Mr. Bernanke revealed other points from his philosophy on dealing with deflation that most certainly deserved review.
Africa: Real Diversification – Looking Beyond The Reflexive
From the perspective of an American company, what markets provide particularly compelling opportunities today?
The HSBC Debacle – A Double Whammy Of Political Risk And Hypocrisy
The HSBC debacle provides another striking example of the political risk and double standards that exist within US jurisdiction. HSBC execs got off with no criminal charges for the victimless “crimes” of money-laundering and doing business with countries the US doesn’t like. “Crimes” that likely would have landed anyone else in prison for decades.
1929 Revisited
If we have a brief look back at the Great Depression, what essentially led up to it, then triggered it, we may see some similarities to our present situation. If we then observe how the world’s governments dealt with the situation, we may possibly gain some insight as to what they will do this time and, more importantly, what the outcome may be this time.
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