This new video from Prager University takes a realistic look at progressive taxes that a majority people view as fair and equal. However, nothing could be further from the truth. “The Progressive Income Tax: A Tale of Three Brothers” maintains a rudimentary viewpoint on progressive taxes that could make a toddler understand. Of course, the […]
Archives for November 2014
Week in Review: Nov. 3 to Nov. 9
In case you missed any of this week’s articles, here is a round-up of some of the most read pieces written by the Economic Collapse News staff: Canadians concerned price inflation could destroy retirement security Vintage Ron Paul: ‘Economic crisis on our doorstep’ (video) (hot) Infographic: Washington is booming, while the rest of America crumbles […]
Peter Schiff: Hey Switzerland, save your currency and country by supporting gold
Soon, Swiss voters will take part in a referendum that will have three measures on the ballot as part of the Save Our Swiss Gold initiative: Swiss National Bank increase its gold reserves to 20 percent, cease selling its precious metals and all the nation’s gold should be held within the borders of Switzerland. The […]
Americans’ anger over wealth should be aimed at Washington as ousted politicos getting paychecks
This week, the American voting base showed their frustration with the White House as the electorate gave Republicans a majority in both the House and Senate. What should be even more frustrating, however, is that many are leaving Congress, but will still be on the taxpayers’ dime as they continue to receive checks. Members of […]
Will Russia ban the U.S. dollar?
Last month, during an interview with CNBC, Russian Prime Minister Dimitry Medvedev explained that it was time for the entire globe to reduce its reliance on the United States dollar and its economy. He told the business news outlet that the international economy would benefit from a more diversified currency system. Although Medvedev said the […]