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Forget The Bogus Republican “Reform”: Here’s What Real Tax Reform Would Look Like

Authored by Charles Hugh Smith via OfTwoMinds blog, The point is to end the current system in which billionaires get all the privileges and financial benefits of owning assets in the U.S. but don't pay taxes that are proportional to the benefits they extract. As has been widely noted, the Republicans' proposed "tax reform" is […]


Dr.Doom Exposes Trump’s Tax Plan As “A Plot Against The 99%”

Authored by Nouriel Roubini via Project Syndicate, US President Donald Trump, in partnership with congressional Republicans, is pursuing tax cuts that will blow up the fiscal deficit and add to the public debt, while benefiting the rich at the expense of middle- and working-class Americans. Once again, Trump has not hesitated to betray the people […]


Stagnation Nation: Middle Class Wealth Is Locked Up In Housing And Retirement Funds

Authored by Charles Hugh Smith via OfTwoMinds blog, The majority of middle class wealth is locked up in unproductive assets or assets that only become available upon retirement or death. One of my points in Why Governments Will Not Ban Bitcoin was to highlight how few families had the financial wherewithal to invest in bitcoin […]


Fleecing Taxpayers Won’t Fix The Pension Crisis

Authored by Nick Giambruno via InternationalMan.com, Public pensions are a financial time bomb… and I see two ways to profit from the explosion. In the US, unfunded public pension liabilities have surpassed $5 trillion. And that’s during an epic stock and bond market bubble. Predictably, the government’s go-to “solution” is already making matters worse. At first, distressed states […]