The National Debt recently surpassed the $16 trillion mark.
What can we expect if the world loses faith in the US dollar and hyperinflation were to take hold? To help you make sense of it all, here is a primer:
1. Inflation occurs when the supply of money exceeds the rate of economic growth. To put it another way: Inflation results when too much money chases too few goods.
2. Inflation weakens the
Continue reading 18 Crazy Facts You Didn’t Know About Inflation and Hyperinflation
It’s time to dip into the mailbag again. I always love it when I get letters — especially the more, shall we say, interesting ones.
For example, I received one letter from someone who I can only assume is a card carrying member of a militant PETA splinter-group who apparently didn’t like my post on 10 Sure-Fire Tips for Minimizing Vet Bills. Specifically, Rose Jong castigated me for subjecting
Continue reading The Middle Class Should Prepare for an Increasing Tax Burden
I like getting a refund check from the tax man during tax season. Because of that I always get chastised by somebody at this time of year telling me I’m crazy.
Indeed, most income tax experts advise us to take advantage of a tax-planning strategy that provides more take-home pay over the course of a year as opposed to a big refund once a year. The conventional wisdom
Continue reading Many Who Prefer IRS Tax Rebates Are Crazy Like A Fox
Did you hear that in order to help pay for the United States’ recent passage of the multi-trillion dollar pork-barrel “stimulus” plan, the president just signed an executive order starting up a National Lottery with daily grand prizes of 50 million dollars? The winners will get $1 annually for 50 million years. — My variation of a very old joke
Lotteries are a tax on the stupid. Those words have been
Continue reading Don’t Get Caught Paying “The Stupid Tax”