Authored by Lance Roberts via RealInvestmentAdvice.com,
There is a really big crisis coming.
Think about it this way.
After 8 years and a 230% stock market advance the pension funds of Dallas, Chicago, and Houston are in severe trouble. But it isn’t just these municipalities that are in trouble, but also most of the public and private pensions that still operate in the country today.
Continuous, aggressive innovation has been a key component of America's success since its founding over 200 years ago. As such, the country's taxing authorities have historically gone to great lengths to encourage innovation through tax incentives, public private partnerships, etc. That is, until now.
In a rather stunning Quartz interview a few weeks back, Bill Gates, who ironically made his fortune from innovation, proposed that automation should be taxed rather than incentivized.
Via TheAntiMedia.org,
Craving more of a science fiction-style existence? Perhaps you should seek a job with one of the companies at Epicenter, an employment hub in Sweden.
The Associated Press reported Monday that companies there have begun implanting microchips in their employees, marking the first time the practice has been used on a broad scale.
“What could pass for a dystopian vision of the workplace is almost routine at the Swedish start-up hub Epicenter,” AP reports. “
Dallas Mayor Mike Rawlings has finally reached his maximum willingness to throw taxpayer dollars at the Dallas Police and Fire Pension (DPFP) system and has pulled is support for a bill that, if it passes, will undoubtedly prove to be yet another futile effort to save the system from insolvency. Despite support for the original legislation introduced by Dan Flynn, chair of the pensions committee in the Texas House of Representatives, Rawlings apparently took issue with a last minute addition to the bill that would have taxpayers fund the pensions of "phantom employees" based on a t
Authored by Gary Galles via The Mises Institute,
The special interests that dominate politics dominates to produce a form of economic warfare. The more some can manipulate the political machinery, the more they can feather their own nests. They even use similar propaganda techniques.