The Successor to Keynes

“The words, ‘Brilliant!’ ‘Ground-breaking!’ and ‘Visionary!’  will no doubt be seen in many reviews of Mr. Piketty’s book.  He recommends: Uniform global taxation; Confiscatory tax on inherited wealth; 15% tax on capital; 80% tax on annual incomes over US$500,000; Enforced transparency on all bank transactions; Overt use of inflation to redistribute wealth downwards.  Why didn’t anyone else think of this brilliant plan?  Well actually, they did. In fact, the above is essentially the shopping list of the IMF, the EU, the OECD and, in fact, many of the governments that make up what was formerly described as ‘the free world.'”

http://www.internationalman.com/articles/the-successor-to-keynes

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The Cannabis Conspiracy?

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“It suited Modern Internationalism to put people in jail for using drugs. But that was in the 20th century. In the 21st century, it suits our leaders to legalize drugs and then build a UN-oriented globalist infrastructure to ‘cure’ addicts.  It is always in the service of globalism. Policies, moral pronouncements – war itself – these are nothing but tools intended to create specific outcomes.  Ultimately, we are seeing further justifications for a new kind of directed history.  It starts with cannabis, but perhaps it doesn’t end there …”

http://www.thedailybell.com/news-analysis/35283/The-Cannabis-Conspiracy/

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Fight Back Against Hidden Regulations That Threaten Your Health

“It’s ironic, sadly ironic that the amendments were passed in order to prevent the Thalidomide type tragedy. And here we go folic acid, a ‘B’ vitamin, was shown to prevent spina bifada and other really tragic problems in young children. Folic acid manufacturers were told if they talked about this they would be shut down because they hadn’t gone through all these hoops that pharmaceutical drugs go through.  And if you make a claim you can prevent disease in the U.S. you have to go through the FDA process because commercial speech is not protected.  So that was very sad; about 25,000 babies were probably born with these defects that they didn’t need. And many more were aborted.”

http://isil.org/how-to-fight-back-against-hidden-regulations-that-threaten-your-health/

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Tax-Free-Salaried OECD Calls For ‘Income Inequality’ Tax Overhaul

“The Organization for Economic Cooperation and Development Wednesday called for an overhaul of the tax system in developed economies to ensure the very rich pay a large share of their incomes, and help limit or roll back the sharp increase in income inequality that has occurred over recent decades.  The Paris-based research body said governments should consider abolishing deductions and exemptions that are disproportionately favorable to high earners, taxing forms of remuneration such as stock options in the same way as wages, and raising a greater share of the total tax take from charges on real estate.”

http://online.wsj.com/news/articles/SB10001424052702303678404579533202077342892

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An Economist’s Call For A Global Tax on Wealth

“His main proposal is a comprehensive international agreement to establish a progressive tax on individual wealth, defined to include every kind of asset. He hedges a bit on the precise numbers but suggests that wealth below 200,000 euros be taxed at a rate of 0.1 percent, wealth between 200,000 and one million euros at 0.5 percent, wealth between one million and five million euros at 1.0 percent, and wealth above five million euros at 2.0 percent.  Piketty has nothing to say about the practical difficulties, distorting effects, and potential for abuse that would inevitably accompany such intense government control of the economy.”

http://www.foreignaffairs.com/articles/141218/tyler-cowen/capital-punishment

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Surrendering U.S. Citizenship Over New Banking Regulation?

“68% of the U.S. citizens we surveyed report that they are interested in severing ties with America. A shocking figure? Indeed. It is also supported by official statistics of passport relinquishments. The number of Americans relinquishing their U.S. citizenship surged in the second quarter of 2013, to 1,131 cases, compared with 189 in the same period in 2012.  But it is perhaps not as shocking when you consider that it was U.S. citizens living overseas who were the respondents in deVere’s survey — and that it is the estimated 7.2 million American expatriates and 13 million green-card holders who are the ones who are soon to suffer the serious, adverse effects of the Foreign Account Tax Compliance Act.”

http://www.americanbanker.com/magazine/124_04/bankthink-surrendering-us-citizenship-over-new-banking-regulation-1066813-1.html

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Conspiracy Theory Goes Mainstream With Wall Street’s Mark Gorton

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“Everything, according to Gorton, has been an inside job. It is really something. The longest and most complete of Gorton’s essays is titled ‘Fifty Years of the Deep State.’ [..] Yesterday, we called Mark Gorton to ask him about the authenticity of these documents. After a long pause, he said that he was mulling over the ‘consequences for me’ if these documents came to light. Like what? ‘People killing me and my children,’ he said. ‘This has the potential to change my life.’ Gorton did confirm that he wrote the essays, though, which he described as works in progress.”

http://www.thedailybell.com/news-analysis/35214/Conspiracy-Theory-Goes-Mainstream/

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US Begins Verifying Passports On Departing International Flights

“The US government is using the Malaysian Airlines flight 370 to tackle the ‘widespread lack of passport screening in all countries.’ The US is stepping up their processes. Already each passport of incoming visitors to the US is screened through multiple databases. After flight 370 disappeared, the US has started this process for all outgoing passengers.  ‘Coupled with this information and the new abilities to act on that information definitely makes air travel a lot safer,’ according to one government official.  For nearly any random reason an individual can be denied his or her right to travel by the US bureaucracy, and it happens way more than you think.”

http://dollarvigilante.com/blog/2014/4/9/us-moves-to-restrict-travelers-taking-international-flights.html

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Taxation and Trading on Foreign Markets

“Today, tax withheld at source is pretty much a universal practice enforced by foreign governments against interest and dividend income earned by non-resident investors. For example, a Canadian resident who earns a dividend on a security purchased on a German exchange will be subject to withholding tax levied by the German equivalent of the CRA in Canada (or the IRS in the US).  In our example, the Canadian resident will also be required to declare the foreign earned interest and/or dividend income and pay tax to the Canadian government. This places the investor in the inequitable position of two jurisdictions levying tax on the same income.”

http://www.internationalman.com/articles/taxation-and-trading-on-foreign-markets

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Global Debt Exceeds $100 Trillion as Governments Binge

“The amount of debt globally has soared more than 40 percent to $100 trillion since the first signs of the financial crisis as governments borrowed to pull their economies out of recession and companies took advantage of record low interest rates.  The $30 trillion increase from $70 trillion between mid-2007 and mid-2013 compares with a $3.86 trillion decline in the value of equities to $53.8 trillion, according to the Bank for International Settlements and data compiled by Bloomberg.  Borrowing has soared as central banks suppress benchmark interest rates to spur growth Yields on all types of bonds, from governments to corporates and mortgages, average about 2 percent.”

http://www.bloomberg.com/news/2014-03-10/debt-exceeds-100-trillion-as-governments-binge.html

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