Tax Revenue

World Stocks Hit Record High For 10th Consecutive Day In "No-Vol Nirvana"

Traders, so mostly algos, are riding a global risk "high" in stocks as Asia's and then Europe's early 0.4 percent gains ensured MSCI's 47-country All World index was up for a 10th straight session. This is the longest winning streak in global stocks since February 2015 and shows little sign of fatigue even as bond yields edged modestly higher again.

The Feds Just Expanded Civil Asset Forfeiture 'Laws' Nationwide

Local police will now be able to seize cash, often from those suspected of drug crimes, even in states that do not condone the policy...the federal program returns cash directly to the police department that took the asset... " It is an effort to empower law enforcement,"

The Real Threat Of Artificial Intelligence - Keynesian Dystopia

"It strikes me as unavoidable that large chunks of the money created by A.I. will have to be transferred to those whose jobs have been displaced... This seems feasible only through Keynesian policies of increased government spending, presumably raised through taxation on wealthy companies."

The Next Financial Crisis Is Not Far Away

When energy consumption growth per capita turns negative - even slightly so - tears in the social fabric start to appear. This is the problem we are starting to encounter.

After 164 Years, Aetna Is Leaving Connecticut For New York

After 164 years of being headquartered in Hartford, CT, Aetna, the insurance giant founded in the state's capital announced Thursday that it would move its headquarters to New York City in a crushing blow to the fiscally challenged state.

Are Illinois & Puerto Rico Our Future?

The days of interstate highway systems and moon shots seem to be behind us. Are Puerto Rico and Illinois the harbingers of what is to come?

Europe Slides For Third Day As Oil Attempts A Rebound; US Futures Flat

US equity futures were marginally in the red, while Asian markets rose and European stocks dropped. WTI oil rose 0.61% to $42.79 as some suggest the time to go long has arrived; oil tumbled 2.3% in the previous session. The Bloomberg Dollar Spot Index fell 0.1 percent.

What If Taxpayers Could Choose If Taxes Went To The State Or Federal Level?

in every state, rich or poor, high-tax or low-tax, the federal government is getting the lion's share of taxes wrung from the pockets of the taxpayers. But, most of that ends up being spent in the states, anyway. So, an obvious question presents itself: why send all that money to Washington first? Why not just spend it where it originates?

The Disturbing Trend That Will End In A Full-Fledged Pension Crisis

"Right now, millions of Americans are hard at work believing their pensions will be their saving grace for retirement. But the predicament pension funds across the United States find themselves in does not just spell trouble for the distant future... The crisis is happening as we speak."

Falling Interest Rates Have Postponed "Peak Oil"

"The new crisis can be expected to be 'Peak Economy' instead of Peak Oil. Peak Economy is likely to have a far different shape than Peak Oil - a much sharper downturn. It is likely to affect many aspects of the economy at once. The financial system will be especially affected. "