“The International Monetary Fund (IMF) quietly dropped a bomb in its October Fiscal Monitor Report. Titled ‘Taxing Times,’ the report paints a dire picture for advanced economies with high debts that fail to aggressively ‘mobilize domestic revenue.’ It goes on to build a case for drastic measures and recommends a series of escalating income and consumption tax increases culminating in the direct confiscation of assets. If ever there were a roadmap for prompting massive capital flight and emigration of productive citizens toward capitalism’s nascent frontiers in Asia, this is it.”
Related posts:
Congress OKs General Atomics deal to sell Reaper drones to France
Golden threads for the undie drawers of the wealthy
Colorado town considers licensing bounty hunters to shoot down drones
San Mateo County deputy accused of child sex abuse
Sergey Brin says Google 'failed to be on the bleeding edge' of blockchain
Snooping Fears: German Firms Race to Shield Secrets
No free meals? IRS considers taxing perks at Google, other tech firms
South Africa votes to seize land from white farmers without compensation
Seattle ICE attorney charged with stealing immigrants' identities
China detains Bitcoin fraud suspects
Swiss police smash Chinese trafficking ring
India Could Be The Next Booming Market For Bitcoin
Danish mayor and police at odds over cannabis approach
Greece becoming new Kosovo as youth jobless hits 65%
No Negative Rates Without Banning Cash, Says Former Fed Official