“Households from the United States to Europe and Japan may soon face fiscal shocks worse than any market crash. The White House and New York Mayor-elect Bill de Blasio aren’t the only ones calling for higher taxes (especially on the wealthy), as voices from the International Monetary Fund to billionaire investor Bill Gross increasingly make the case too. The context for this argument is the IMF’s expectation that in advanced economies the ratio of public debt to gross domestic product will reach a historic peak of 110% next year, 35 percentage points above its 2007 level.”
http://online.wsj.com/news/articles/SB10001424052702304355104579232480552517224
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Can police collect DNA when someone is arrested? Supreme Court to decide.
Obama picks Goldman Sachs exec for ambassador to Canada
Canada using massive US anti-terrorist database at borders
Switzerland to sign free trade agreement with China
C.I.A. Collecting Data on International Money Transfers, Officials Say
FDA May Have Age Restrictions On Cups Of Coffee
Wealthy Chinese gobbling up Silicon Valley homes
Cat caught smuggling banned cell phones into Russian prison
Judge bars Starbucks from closing 77 failing Teavana stores
U.S. Regulators Mull Yanking Access To USD As Punishment For Banks
Morgan Stanley begins layoffs in credit division
Federal agents surround Nevada ranch in desert tortoise standoff
Turkey vows to ‘drown’ US-backed insurgent force
Taiwanese billionaire launches Asian ‘Nobel prize’
Missing Cameroon athletes may be looking for 'greener pastures'