California is proposing now to tax every text message you do on your phone. I have constantly warned after dealing with governments first hand for over 30 years, they NEVER see the problem as being them – it is always we the people. Their fiscal mismanagement is beyond repair and we should not expect anything […]
COMMENT: My sister lives in Chicago. She is looking to leave finally. She told me there is a 9% tax on any amusement like Netflix or PlayStation for her son. You are right. They keep finding things to tax rather than address the problem. This cannot be maintained forever. OT REPLY: This is what happens. […]
QUESTION: Hi Marty, I wanted to ask you if you know anything about the LEI (legal entity identifier) that brokers are now requesting from clients who trade forex and other derivatives and who have accounts under a business structure? I recently opened a trading account under a business structure (company/trust) and was only told yesterday […]
The politicians in Illinois after destroying the state economically, want to now impose an EXIT tax for anyone who dares to think about leaving the state. This is the problem we face. They will never look at the long-term impact of their decisions. Such a tax may make others decide NOT to move to the […]
Since the beginning of the year, the Turkish currency has lost more than a third of its value against the dollar. As the currency declines, imports rise in cost since they are denominated in foreign currency. This adds to the inflation problem domestically. Among other things, the sharp criticism of Erdoğan in the markets has cast doubt on the independence […]
QUESTION: Mr. Armstrong, I remember you mentioning US is the only country to tax worldwide income, it seems that China is moving to modify their IIT effective Oct 1, 2018, to include anyone staying in China for more than 183 days. Is this the same as the US? Can you comment/share with us your opinion? Thanks, […]
The greed of governments in their pursuit of money is the single greatest threat to creating a Dark Age. With New Zealand imposing a $5,000 fine for just landing there and you refuse to hand over your pen and passwords to your phone for them to search, now we have Australia going really nuts to […]
Ever since the Socialists took over New Zealand, it demonstrates how they presume everyone is guilty and they might be hiding money that they can confiscate all because rich bastards are not entitled to what they earn – it belongs to them always. If you refuse, the fine is $5,000. New Zealand has become the […]
New York State Democratic Governor Andrew Cuomo has blamed the upstate extremely cold weather (Global Warming) for the reason people have been fleeing his state NOT taxes. This comes as no surprise, for Democrats are closet Marxists and love more taxes and assume the people love to be taxed and always ask for more. Like the Global Warming […]
There is a serious economic crisis brewing that few seem to be paying attention. According to a new survey from Zillow Group Inc. (ZG – Get Report), approximately 22.5% of millennials ages 24 through 36 are living at home with their moms or both parents, up nine percentage points since 2005 which was 13.5% and the most in any year […]
