{"id":63740,"date":"2020-11-14T02:15:42","date_gmt":"2020-11-14T10:15:42","guid":{"rendered":"https:\/\/lenpenzo.com\/blog\/?p=63740"},"modified":"2023-05-24T12:14:15","modified_gmt":"2023-05-24T19:14:15","slug":"black-coffee-14-nov-2020","status":"publish","type":"post","link":"https:\/\/lenpenzo.com\/blog\/id63740-black-coffee-14-nov-2020.html","title":{"rendered":"Black Coffee: Birds on a Wire"},"content":{"rendered":"

\"\"It’s time to sit back, relax and enjoy a little joe …<\/em><\/p>\n

Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what’s been going on in the world of money and personal finance.<\/p>\n

I hope everybody had a good week. Although I will say it is more than a bit strange watching the Masters golf tournament in the middle of November. Oh, well. Let’s get to this week’s financial commentary …<\/p>\n

You can’t borrow your way out of debt.<\/em><\/p><\/blockquote>\n

— Daniel Hannan<\/strong><\/p>\n

Debts are like children: begot with pleasure, but brought forth in pain.<\/em><\/p><\/blockquote>\n

— Moliere<\/strong><\/p>\n

Modern slaves aren’t in chains — they’re in debt.<\/em><\/p><\/blockquote>\n

— Anonymous<\/strong><\/p>\n

Credits and Debits<\/strong><\/p>\n

Debit:<\/strong><\/span> Did you see this? This week Deutsche Bank proposed that people who work from home should be taxed 5%<\/a> in order to smooth the transition process for those who have been suddenly displaced “and fund subsidies for the lowest-paid workers who usually cannot work from home.” The bank calculates that such a tax could raise $49 billion per year in the US alone. No, really.<\/p>\n

\n

Fiscal deficit just made another fresh 70-year low.<\/p>\n

Someone’s gotta pay for this.<\/p>\n

Warm up the printing press. pic.twitter.com\/DaGz74hg9K<\/a><\/p>\n

Otavio (Tavi) Costa (@TaviCosta) November 11, 2020<\/a><\/p><\/blockquote>\n