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World Events

Raising Tax Rates Reduces Tax Revenues

New security devices intend to stop robots by making the user answer a simple math equation, such as the sum of 3 + 5. While this may be beneficial, it most likely...

The Peak in Government – Big Bang – 2015.75

Above is the front page of The New York Times on June 9, 2015. They are starting to talk about the problem in government. This is a total mess. Indeed, we are...

Cashless Society – Tracking Gold – the Hunt for Loose Change

QUESTION: Hi Marty, if they eliminate cash – how would that affect 3rd world countries? Wouldn’t that add a huge dose of salt on that part of the...

Canada’s Hunt for Cash Turns Against Trading Profits in Retirement Funds

The Canadian tax man is looking at trading in retirement accounts and redefining them as businesses in order to demand taxes. Even if you trade with retirement...

Canada to Fingerprint Foreign Travelers

Canada will collect finger prints and digital photos from all foreigners traveling on a visa under a new security measure being introduced. The measure, which...

Turkish Election Shows Political Change

Turkish elections have resulted in uncertainty, as the share market fell about 8%. President Tayyip Erdogan was hoping for greater power but the people had...

Obama Is Targeting Your Retirement Accounts

Presidential approval ratings show that Obama now enjoys the status of a lower approval rating than George W. Bush, and that is really saying something. Obama is...

Summers Blames People Who Save

We are simply drowning with people in charge who have no real world experience. According to the former US Treasury Secretary and Harvard economist Larry Summers...

Tax Rebellion in Denmark?

In Fredensborg, Denmark, ten official cars from the Tax Administration Office were set on fire and destroyed overnight in a protest. Police received notification...

Distinguishing the Three Flavors of the Debt Crisis

Not all debt has the same economic effect, for like ice cream, there are at least three basic flavors: If someone borrows to create a business, this is the most...