Tax Revenue

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The Future Of Cannabis

The landscape of the cannabis industry is quickly changing. More jurisdictions are turning to legalization of medical and recreational cannabis, and the growth story behind the industry is just beginning for investors.

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The Good Ol' Days: When Tax Rates Were 90 Percent

It’s quite interesting indeed when both progressives and conservatives seem to be nostalgic for those good ol’ days in the 1950s, for different reasons, of course. Conservatives want to go back to the nuclear Leave It to Beaver family and what not while liberals like to talk about those 90-percent tax rates that we owe our prosperity to. Or something like that. However, what a tax rate is and what is actually paid are two very different things.

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Why "Supply & Demand" Doesn't Work For Oil

The traditional view of the impact of low oil prices seems to be, "It is just another cycle." Or, "The cure for low prices is low prices." We are doubtful that either of these views is right.

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Congress Wants To Seize Your Passport For Unpaid Taxes

Sometimes you just have to stand in awe at the level of corruption and incompetence in government.

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The Buffet Backlash: Anger Builds At "Hypocrite" Billionaire Hiding Behind "Folksy" Facade

In the wake of Bill Ackman's verbal jousting with Charile Munger, WSJ has taken a look at what many consider to be the myth behind Warren Buffett's "folksy" demeanor. As it turns out, it's best to do as Buffett does, not as he says.

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Why It Absolutely, Positively Does Not Matter

Watching Hilary Clinton debate Bernie Sanders- or like lastnight, Jeb Bush against Donald Trump - doesn’t strike us as too different from when Hulk Hogan faced off against Andre the Giant in Wrestlemania. In fact, it’s essentially the same with elections today, it's "political entertainment." It’s all fake. It’s sound bites, jabs and jibes, and pointless banter completely devoid of any real substance. But the truth is, none of it really matters, the United States objectively speaking is far past the point of no return.

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The Inflation Lie

This is also why the debt ceiling needs to be raised every year, and the US has doubled the national debt over the last 8 years.

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Yes, The US Government Really Is Bankrupt

...isn’t it a little bit scary to consider that the government’s #1 asset is its ability to steal money from you?

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"A Generation In Crisis" - The World Needs 5 Million Jobs/Month To Stymie Youth Extremism

For over 3 years we have pointed out that the surging youth unemployment was Europe's (if not the world's) scariest chart, because the last thing Europe needs is a discontented, disenfranchised, and devoid of hope youth roving the streets with nothing to do, easily susceptible to extremist and xenophobic tendencies: after all, it must be "someone's" fault that there are no job opportunities for anyone. Well, as Bloomberg reports, The World Bank has an unsettling message for young people around the globe: unless we create 5 million jobs a month, the situation is going to get worse.

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FATCA: The Dumbest Law In History Just Went To The Next Level

“I can’t even say with conviction that I’m sure, looking strictly on a cost-benefit basis, that FATCA’s... benefits are going to outweigh the cost.” FATCA constitutes theft. The US government is generating a little bit of revenue and the great expense of foreign banks and governments (not to mention the thousands of Americans who have had to renounce their citizenship because of FATCA’s idiotic rules).

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The Deep State: Source Of All Negativity

The Deep State is destructive, but it’s great for the people in it. And, like any living organism, its prime directive is: Survive! It survives by indoctrinating the fiction that it’s both good and necessary. However, it’s a parasite that promotes the ridiculous notion that everyone can live at the expense of society. The American Deep State rotates around the Washington Beltway. It imports America’s wealth as tax revenue. A lot of that wealth is consumed there by useless mouths. And then, it exports things that reinforce the Deep State, including wars, fiat currency, and destructive policies. This is unsustainable simply because nothing of value comes out of the city.

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Another Petro-State Throws In The Towel: The Last Nail In The Petrodollar Coffin

While record mainland deficits covered by the petroleum sector is nothing new in Norwegian budget history, on the contrary it is closer to the norm, the 2016 budget did raise some eyebrows. The other side of the ledger, the net inflow to the SWF from activities in the North Sea will, again according to budget, be lower than the required amount to cover the deficit. This has never happened before and is testimony of the sea change occurring in the world of petrodollar recycling. 

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Goldman "Picks Apart" The Labor Paradigm: 50 Years Of A Productivity Paradox

"We simply exhausted the productivity benefits of prior innovations. In the late 19th century, hugely important 'general purpose' technologies, like electricity and the internal combustion engine, were invented."

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World's Largest Sovereign Wealth Fund Is Forced To Begin Liquidating Assets

While Reverse QE, or QT, or whatever one wants to call it has become traditionally associated with Emerging Markets and petroleum exporters, nobody had linked it with one of the most advanced Developed Markets in the world which also happens to be an oil exporter, the market with the largest sovereign wealth fun in the world: Norway. That is about to change because as Bloomberg report, "the future may already be here", a future in which Norway's gargantuan $830 billion sovereign wealth fund, the product of two decades of capital accumulation courtesy of Norway's vast petroleum reserves and oil trade, is forced to begin liquidating its vast assets.

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