Tax Revenue

Trump Or No Trump - Why The Next 8 Years Will Be The Worst Economic Period In US History

Regardless who was chosen as president for the next two terms, 80% of the population growth in the US will come from 65+yr/olds. This is the inverse from Bill Clinton's presidency which was the benefactor of the strongest demographic and population changes. The Fed has been dropping rates ever since to incentivize the decelerating growth among the young to spend more... but the population growth to consume(r) our way out of this debt bubble is never coming.

We're All Hedge Funds Now - Central Banks Become World's Biggest Stock Speculators

There seems to be a growing assumption that the elites have finally figured out how to turn a capitalist system into a perpetual motion machine by having central banks buy up all financial assets. This is classic “peak of the cycle” thinking, and the more widespread it becomes the closer the system is to breaking down.

Goldman Fears "Persistent Headwind To Growth" As State/Tax Revenues Tumble

The latest confirmation that the US economy continues to deteriorate comes not from the Federal Government but from state-level data, where year-over-year growth in state tax revenues slowed dramatically in the last two quarters. As Goldman notes, this has subtracted an average of 0.25 percentage points from GDP growth, raising the question of whether municipal finances could again be a persistent headwind to growth.

"Pre-Crime" Returns To America With New Airbnb Law

With stupidity like this so pervasive in government, it’s no wonder why the productive and entrepreneurial spirit is being crushed in the Land of the Free. When a broken system and out-of-touch political class make it more difficult for people to produce, prosperity suffers.

Billionaire Clinton "Hillblazer" Pushes New Tax That Funnels Middle Class Money To Wall Street

Wall Street is maneuvering to propose and implement a new retirement tax on Americans under a Hillary Clinton Administration. Leading the charge is billionaire financial oligarch Tony James, who is COO of private equity giant Blackstone. Mr. James is a generous contributor to Hillary Clinton’s Presidential run, and is listed as a “Hillblazer” by her campaign for having raised at least $100,000 toward her candidacy.

"Pounded" - How Not To Manage A Fiat Currency

The Bank of England’s inept monetary policies under Mark Carney’s governorship seem certain to expose the fragility of fiat sterling to wider public attention and skepticism. If the consequences weren’t so serious, we might thank him for unwittingly toppling the status quo. But the inevitable crisis, many times worse than that faced in 1975, cannot be embraced even by the most extreme financial masochist. This is why people in Britain and America will increasingly find solace in gold.

Hillary: Deceit, Debt, & Delusions (Part 1)

Despite overwhelming factual evidence that crackpot Keynesian spending machinations; debasing the currency; interest rate manipulation; globalization; perpetual war; incurring unpayable levels of debt; making $200 trillion of unfunded welfare promises; has created a seething anger across the land, Hillary Clinton and her establishment flunkies propose doubling down on those same failed policies.

State Tax Revenues Plunge In Q2

tax collections will be down 2.1% in the second quarter relative to last year, reflecting a decline of 3.3% in personal income taxes and a 9.2% plunge in corporate tax collections.  The trend in individual income taxes at the state level in recent quarters tracks the sharp decline we have reported previously at the federal level.