Market Talk – April 29, 2024
ASIA: The major Asian stock markets had a green day today: NIKKEI 225 closed Shanghai increased 24.41 points or 0.79% to 3,113.04 Hang Seng increased 95.76 points or 0.54% [...]
EU Wants to Charge Social Security Taxes on Robots As If They Were People
Japan’s Toshiba 6502.T robot has taken on human form and visitors to the world’s biggest travel show in March were greeted by a lifelike robot. Under new proposed European legislation that is clearly intended to stop technology advancement, the growing army of robot workers are to be classed as “electronic persons” and their owners would then be liable to pay Social Security for them. This is an example of how nuts Brussels has become from regulating cow farts to now wanting to impose the same tax system to robots for their retirement.
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COMMENT: Mr. Armstrong, You may be a trader, but your understanding of constitutional law far surpasses that of most attorneys. I heard your father was also such a man. As [...]
Beware of 2025
QUESTION: Hi Martin, What are you thoughts on holding cash into 2028? You said cash was king, but there would come a time to abandon cash. It seems this CBDC thing is [...]
