UAE Drops VAT on Gold

The UAE government came under tremendous pressure by the dealers that the VAT was killing their business. The government has responded dropping the VAT (Sales Tax) on gold, diamonds, and precious metals for investors. Taxing such products is, in reality, taxing money the same as if it bought bonds or stocks. Not everyone buys stocks just as not everyone buys gold. Taxing gold and not stocks is a form of investment bias.

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Market Talk – April 19, 2024

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 1,011.35 points or -2.66% to 37,068.35 Shanghai decreased 8.96 points or -0.29% to 3,065.26 Hang [...]
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Homelessness Epidemic: the Public Sector is a Welfare Program

https://www.armstrongeconomics.com/wp-content/uploads/2024/04/PublicSectorEmployee.Homelessness.mp4   California’s homeless crisis proves the public sector is a welfare program and political tool. The California State Auditor released a report this month that reveals California’s programs to [...]
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