money

Billionaires back socialist politicians who are calling for higher taxes on members of the ultra-wealthy class because they understand they will never have to pay those taxes as the top federal income tax rate stops at $500.000, making it easier for millionaires and billionaires to avoid paying full freight.

Three systems theorists used a database listing 37 million companies and investors worldwide to map their economic power. The researchers discovered that global corporate control has a distinct bow-tie shape, with a dominant core of 147 firms, mostly banks, that control everything.

Amazon canceled its plans to expand to New York, which stood to gain 25,000 jobs and an estimated $27 billion in tax revenue over the next two decades. New York offered the company $3 billion in tax benefits to build a campus in the Long Island City neighborhood.

The price of the train rose from an initial estimate of $37 billion in 2008 to nearly $100 billion according to an estimate last year, and the earliest it would have been finished is in 2033.

The Federal Reserve creates more dollars each day chasing the same amount of goods, so it takes more dollars to buy them. Manufacturers, instead of showing the rising price, choose to reduce the quantity or quality of their goods, and most people thereby are not aware of how severe inflation actually is.

Banking is an amazing business.It collects interest by loaning money created out of nothing, when it hits hard times it is bailed out with tax dollars, and when it is riding high, it enjoys incredible tax breaks. It loans money to governments, but it's the taxpayers who guarantee repayment and pay the interest.

A recent poll found that 59% of registered voters in America agree with Alexandria Ocasio-Cortez' plan to increase taxes as income rises to as much as 70%. Many voters apparently believe that wealth inequality is inherently evil and should be prevented by taxes.

Does anyone else notice the smell of corruption in this? Isn't it obvious that the system must eventually self destruct and pull down the nation with it? Does anyone even care?

By 2030, seven of the world’s top 10 economies will be current emerging markets, according to the latest report by London-based multinational banking and financial service company Standard Chartered.
The long-term projection shows that India is likely to become larger than the US, while neighboring China will reportedly steal the crown of world’s most powerful economy (currently held by the US) as soon as 2020. At the same time, Indonesia may break into the top five economies.

“When money isn’t real: the $10,000 experiment”