The importance is dependent on your perspective. Those people who are not borrowing money to spend are thus suffering the pangs of a lowering of their lifestyle, which depended on borrowing money to spend;
September 29th, 2009 | Mogambo Guru | 1 comment | ContinuedAll Posts Tagged With: "tax"
You Can Have a Deadly Depression and Dizzying Levels of Inflation Simultaneously
“Inflation can and did occur during a depression, and that inflation was strictly a monetary phenomenon…”
September 24th, 2009 | Bill Bonner | 5 comments | Continued
Attention Dr. Ken Henry: Government Could Make Employee Voluntary Contributions Compulsory
Maybe she didn’t support an effective 30% compulsory super contribution after all. Time for some humble pie we thought.
And then we ‘un-thought’ the idea of eating some humble pie.
It seems that rather than coming to the wrong conclusion, instead we made a schoolboy error by quoting the wrong part of the submission.
September 24th, 2009 | Kris Sayce | 24 comments | Continued
Madoff Astonished SEC Didn’t Verify His Claims
In response, the SEC says it “doesn’t have the resources” necessary to keep an eye on “the exploding number of financial firms.”
September 7th, 2009 | Bill Bonner | 0 comments | Continued
Australians Pay More Tax Despite Tax Cuts
Australians pay waaaaaaaaaaaay too much tax. We’ve highlighted before that the government’s total tax intake is around 40% of GDP. We’re aware the government enjoys expressing things as a percentage of GDP, although we haven’t heard them mention that statistic too often. So, we thought we would pay a visit to the Australia’s Future Tax System website, and in particular drop-in on the terms of reference for the review…
May 27th, 2009 | Kris Sayce | 9 comments | Continued
Obama Plans to Do Away With Ireland’s Tax Advantage
Your editor operates a mini-multinational. Yes, we have offices all over the world – in Paris, London, Madrid, Buenos Aires, Johannesburg, Melbourne, Bombay…and Waterford, Ireland.
May 8th, 2009 | Bill Bonner | 1 comment | Continued
Playing the Tax Credit Card
One of Obama’s prime campaign planks has been his promise to mercilessly raise taxes on the “rich,” a group initially defined as those making more than $250,000 per year. This was later dropped to $200,000 per year, and more recently has been defined as those Americans making more than $150,000 annually.
November 6th, 2008 | The Daily Reckoning | 1 comment | Continued
Lending Money Below the Inflation Rate
Lending money below the inflation rate…giving out money you don’t have, when you are already so deep in debt you will never get out – how could any of this be good for the real economy? But by this time we are so far into Never-Never Land that we will never find our way back.
May 2nd, 2008 | Bill Bonner | 1 comment | Continued