InDepth – US vs Sweden Post #6 – Taxes & Closing Thoughts

The obvious question to close off this series is “How can Sweden afford those benefits?” Of course a part of that answer it through relatively high taxes. But how high is that? Sweden does have the highest top marginal rate among OECD countries at about 56%. In The US The highest marginal tax rate in the US is about 35% but there are many tax … Continue reading InDepth – US vs Sweden Post #6 – Taxes & Closing Thoughts

Money In Politics Isn’t The Solution, It’s The Problem

Now that the political season is finally over, at least for a few months, it’s time for some personal thoughts about that process. I know that the title of this post is not exactly how Reagan described the problem, but I kinda think my words are more accurate than his were forty years ago. When the Supreme Court decided that money is a form of … Continue reading Money In Politics Isn’t The Solution, It’s The Problem

Pitchforks At The Castle… It’s About Time.

I know I am using a dated phrase when I say “Pitchforks at the castle”, but I imagine you get the idea. It is when we serfs are fed up with the actions of the landed aristocracy and demand change. If they don’t get it they burn down the castle. I kinda feel that we are about at that stage again. The top 1% control … Continue reading Pitchforks At The Castle… It’s About Time.

About Brexit and the British.. And How We are NOT Like Them

241 years ago we were part of the Great British Empire. We were loyal, although complaining, citizens. Then we chose to go our own way and eventually after a four year rebellion got our way. We still have common bonds with GB but we are also markedly different. One of the major differences is that we are a nation of immigrants and Great Britain is … Continue reading About Brexit and the British.. And How We are NOT Like Them

What Wealth Does To Your Soul – Part 2

With this post I will conclude my discussion about what might make the wealthy among us seem so callous to others needs. The source for these posts came as a surprise to me. Here is some more quotes from that article. A UCLA neuroscientist named Keely Muscatell has published an interesting paper showing that wealth quiets the nerves in the brain associated with empathy: If … Continue reading What Wealth Does To Your Soul – Part 2

Common Sense…..

Call them the invisible rich. How do they do it? Sure, money like that sometimes comes from an inheritance or another fortuitous break, but more likely it’s the result of diligence, smart choices and, well, deferred gratification. SOURCE: Wealth-building secrets of the millionaire next door – Yahoo Finance. Wealth-building secrets of the millionaire next door It seems like there are thousands of articles and books … Continue reading Common Sense…..

Swiss, U.S. reach deal on outing tax evaders

The U.S. government and Switzerland have reached an agreement that could expose Americans who have used Swiss banks to avoid paying taxes…. The crackdown began in 2009 after a whistleblower notified U.S. authorities that UBS, the largest Swiss bank, was enabling Americans to evade taxes. UBS settled the case later that year. It turned over account records on 4,500 U.S. customers and paid a $780 … Continue reading Swiss, U.S. reach deal on outing tax evaders

The Shrinking Middle Class….

I am adding a new category starting with this post. It is entitled “The Shrinking Middle Class”.

Here is one of the reasons why I am doing that. It is well into the Fall season here in the Midwest and soon all the outside work will be over. That means about five months of pretty much staying in the “cabin”. To ward off cabin fever I usually try to take on a special project for each in-door season. The project this year will be to learn as much as I can about the history of the middle class and the possible causes of its recent decline. ” Continue reading “The Shrinking Middle Class….”

All Rich Guys Think They are Infallible….

via Jack Welch: I was right about jobs report – Oct. 9, 2012. Welch, the former CEO of General Electric, had previously contributed content to Fortune, but following critical coverage of his comments on the jobs report and tenure at GE, Welch said in an e-mail Tuesday that he was terminating his contract with Fortune. In his WSJ op-ed, Welch suggests that the reaction to his … Continue reading All Rich Guys Think They are Infallible….

Its Got To Come From Somewhere….

  The difference between the rich and the poor grows greater every year. Our distribution of wealth is getting more uneven all the time. A man can make a million and he is on every page in the morning. But it never tells who gave up that million he got. You can’t get money without taking it from someone.  – 1933 Will Rogers This is … Continue reading Its Got To Come From Somewhere….

And Then There Was Andy……

The last presidential home we visited on our April vacation was the Hermitage of Andrew Jackson. I must admit that I had read various things about “Stonewall” before I visited and there was not much of what I read that I liked. After visiting his home just outside of Nashville Tennessee and learning more about him I can say I like him even less today. … Continue reading And Then There Was Andy……