In Canada, they are now fining people whose cell phone is visible in their car. You don’t have to be using it at all. If it is simply visible it is deemed to be a distraction. The hunt for money knows no bounds.
In Germany, the Federal Minister of Research has said that the introduction of a special tax on carbon dioxide is virtually certain. Global warming research is funded by governments in order to raise taxes. They refuse to fund any research to the contrary because this is all about raising taxes. Germany will soon join Canada […]
The hunt for money is moving into high gear in Germany. Prior to 2017, it was possible to buy gold anonymously in quantities up to €15,000. In 2017, this limit was reduced to €10,000. Now, Merkel has drastically reduced this limit to just €2,000 beginning in 2020. Any transaction greater than that amount requires the […]
Cities have begun using the term “climate emergency” to justify new taxation. This was the case in the Guelph City Council in Canada where they declared a climate emergency. They have admitted that they “already have an action plan. A very ambitious, robust and doable action plan. We don’t need to re-state that.” The spokesperson […]
QUESTION: Do you see this new age of the internet destroying jobs that result in a Great Depression as you have illustrated with the advancement of the combustion engine in altering the agricultural economy as we move into the future? What is the future for our children? Thank you KL ANSWER: Society historically moves through […]
QUESTION: Hello Martin, [Analyst} recently …. raise[d] the alarm that the US is headed towards a very bad debt crisis. During an interesting part of the segment, he was asked if the rich should pay higher taxes, and he said “of course”, but he clarifies that what really matters is whether the tax dollars are […]
The EU has been unable to agree on taxing the internet. As a result, Austria went ahead and passed its own digital tax this week on revenues earned by online companies in their country. The entire problem with this type of taxation is the burden of accounting. This means that the online world will be […]
Believe it or not, Illinois confiscated and sold 50,000 cars because people had tickets that they could not pay. They still have to pay the banks on their car loans. The tickets are for expired “city stickers” that were implemented to collect more taxes from Chicago drivers. So these are not even tickets for parking […]
One of the more interesting downsides of the collapse in socialism is the impact upon the elderly. The data now shows that since the 2007-2009 recession, about twice as many elderly are still working. When interest rates decline, income from savings collapsed. So while the theory was to lower interest rates to “stimulate” the economy, the […]
QUESTION: You said that if you owe taxes the government can deny you a passport? I never heard that one. ANSWER: Oh yes. This has been in place for several years. The Wall Street Journal just reported that “at least 362,000” Americans will be unable to renew their passports because of back tax bills. […]
