Is this another failed example of taxing the rich? The London Telegraph reported Wednesday that two-thirds of millionaires left Great Britain in the tax year of 2009-2010 to avoid the 50 percent income tax. It is concluded that many of the affluent Britons left the country in order to evade the high tax rate. This […]
Archives for November 2012
Dollar collapse possible as other currencies compete for world reserve status
Since the economic collapse that transpired in 2007 and 2008, many have forewarned the inevitable destruction of the United States dollar, the most held currency in the Allocated Reserves, which is also followed by the euro and a few others. As time has passed and the Federal Reserve has printed enormous amounts of money since […]
A list of things Libertarians should quit doing
A libertarian YouTube user published this short video that lists many things that libertarians do and should cease doing immediately. I know I am guilty for at least one of the things (turning everything into a political argument, except art, though). What do you do in this list? Should there be more things libertarians need […]
Former Federal Reserve Chairman Paul Volcker gets confronted on $16 trilllion Fed bailouts
It should be no secret now that the Federal Reserve issued $16 trillion worth of bailouts domestic and international financial institutions, although the federal government and the central bank like to have the American people believe it was just $787 billion as part of the Troubled Asset Relief Program (TARP). The full Government Accountability Office […]
Taxing the rich will not stop financial collapse, inflation: economic experts
The fiscal cliff deadline is soon approaching for the United States and many believe the country would be in great danger if it did indeed head off the fiscal cliff and suffer an economic collapse on Jan. 1, 2013, according to a new national CNN/ORC International poll. Nearly half (44 percent) say it would cause major […]