In the Olympics of Tax shelters, US takes Silver as Switzerland takes Gold 🏅

Last week, the US was second best jurisdiction (or second worst, depending on your stance) for lack of financial transparency by the Tax Justice Network (TJN). The only country more secretive (or more respective of financial privacy?) is Switzerland, according to TJN’s 2018 Financial Secrecy Index. The top 10 Rank Jurisdiction Secrecy Score (out of 100) […]

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Wall St vs Main St (or Perception vs Reality)

This morning #45 Tweeted about how great the economy was doing, reflected by record-level growth in Stock Market. Trump’s Promoted Perception: Stock Mkt increases during Trump Administration (despite the initial dip immediately after the election) But looking closer,… Ground-level Reality Earnings (adjusted for inflation) remain the same despite Market Index increases Only about half of […]

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When most everyone shouts, few listen

“Your word gets out, leapfrogging editors and publishers. Every voice can be heard cheaply and instantly. The result? Every voice is heard. The cacophony more closely resembles citizens band radio, complete with handles, harassment, and anonymous threats. When most everyone shouts, few listen.” Scientist Clifford Stoll, for Newsweek, in 1995, discussing a danger of Internet. […]

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