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He may not have upset the world, but he changed the US economy. Thus, as policy-makers search for new revenues, some are eager to increase tax payments by those at the top of the income distribution. However, just as importantly, voters will weigh in on an array of ballot initiatives and referendums in 26 state Here’s Bill Bonner on why the issue of Civil War statues goes…, By James Rickards Posted September 28, 2020, By James Rickards Posted September 21, 2020, Jim Rickards shows you how the U.S. could seize China’s Treasury holdings and convert them to a trust fund to help COVID-19…, The coronavirus could take a big chunk out of first-quarter U.S. GDP…, The optimistic case for the stock market… “In the short term, the stock market is a voting machine.

Proposals that seek to reduce tax avoidance and harmonize the tax treatment of different types of income are likely to raise more revenue at lower rates than more narrow proposals. While it would be an effective means of controlling long-term outlays, it does absolutely nothing to offset Social Security's net-cash outflows over the next roughly 20 years. It's probably going to take until 2040 (or later) for the full retirement age to increase to 70, and these cost savings are primarily directed at future retirees, such as Generation X and millennials. Now, 78% of all California’s personal income tax comes from these “rich” people. Countries such as Australia, Sweden and Canada all do well in terms of economic growth, despite them having high taxes. Of course not. You may opt-out by. The wealthiest taxpayers often have some discretion in terms of the form in which they earn their income. Everybody wants to tax the rich, investigate them, crucify them…. Programs that transfer wealth to the middle classes are even more massive, with Social Security consuming $725 billion last year and Medicare $560 billion. And the U.S. is the sucker…, The increasing vulnerability of markets to financial warfare, and why now is the time to protect your money against it…, “The first shot of World War III has been fired”…, By Nilus Mattive Posted November 26, 2019, Black Friday is just a few days away! Wir und unsere Partner nutzen Cookies und ähnliche Technik, um Daten auf Ihrem Gerät zu speichern und/oder darauf zuzugreifen, für folgende Zwecke: um personalisierte Werbung und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr über die Zielgruppe zu erfahren sowie für die Entwicklung von Produkten.

In order to effectively tackle Social Security's short-term cash shortfall, an immediate influx of new revenue would be needed. Surveys have consistently shown that taxing the rich is the preferred solution. Nah…let’s change the subject. Yet it's been 37 years and counting since the last major overhaul of Social Security was undertaken. They are there for everyone to see.

Find out why the real story Wall Street is…, The Wall Street Journal wags a finger at China…, Trump will win reelection this year. A Fool since 2010, and a graduate from UC San Diego with a B.A. His other works include Mobs, Messiahs and Markets (with Lila Rajiva), Dice Have No Memory, and most recently, Hormegeddon: How Too Much of a Good Thing Leads to Disaster. Since founding Agora Inc. in 1979, Bill Bonner has found success in numerous industries. While the technology packed into one of these pocket sized marvels is amazing the…, The world is in a three-handed poker game. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. So those naysayers must reconcile their arguments with the facts of history. In CNN’s poll, 41% favored raising the top rate to 70% while 52% were opposed.

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