Archive for: Taxes

IMF Proposes Tax Hikes to Help Curb Global Recession

In what surely will grab the headlines in the coming days Christine Lagarde, the Managing Director of the International Monetary Fund has proposed that countries around the world work together to solve the global recession by adopting a plan of higher taxes and overall tax policy reform coupled with overhauling entitlement programs. She has also called on countries to improve their unemployment situations by following through on infrastructure projects.

Today’s Congressional Vote Solves NOTHING

Our insane politicians should be commended for giving us cheap entertainment. Too bad the debt agreement solves NOTHING. Here’s why…

Can Obama Take Advantage of Inflation?

What can Obama do to get us out of debt? The Economist has a suggestion. Follow the post-World War 2 model. From 1945 to ’55, the US’s debt load dropped 50 percentage points, from 116% of GDP to 66%. How did America do it? Negative real interest rates and inflation. Lo and

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This Guy Hates Low Taxes

Jeffrey Sachs hates low taxes. He says “Let’s stop this horrendous process where we are being gamed by global companies that are playing off our governments, one against the other and ending up by depriving ourselves of the productive base of our societies.” Who is Jeffrey Sachs? He’s the director of The

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Should CA Ditch the Dollar?

Britain thinks that California should consider ditching the dollar and going its own way. Yes it sounds outrageous (as intended). But, as The Guardian points out,  California would have “approximately the eighth largest economy in the world and its fairly low debt-to-GDP ratio (about 3%) – would make it one of the

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China Asks What’s Next for F&F

Freddie and Fannie. They were just not part of the “too-big-to-fail” financial instiutions that got hundreds of billions of dollars from the government. They were at the head of the line. And now the US Congress is trying to figure out what to do with them.

Making Billions When Markets Overshoot

John Paulson has become America’s best investor at recognizing when a market overshoots in either direction and making a boatload of money off the correction…

A New Freddie & Fannie On the Way?

Hey, Freddie and Fannie only cost us freakin’ $151 billion. So what’s the big deal? The big deal is that the government still wants to play a role in financing housing…