Category Archives: Taxation

New York, Two States of Mind

Is New York City helping or holding back Upstate New York? Towards the end of times, when all of mankind congregates in a final purgatory to draw the main lessons of this grand adventure called Life, there will be special attention … Continue reading

Posted in Demography, Dependency Ratio, Depopulation, Economy, Manhattan, New York, Taxation, Wall Street

The Way Forward for Hedge Funds – 1

Hedge funds should go back to hedging and also consider lower fees. Equity hedge funds are under tremendous pressure, having underperformed their benchmark in nearly every year since 2008. But can it really be true that the average equity hedge fund is no … Continue reading

Posted in Economy, Hedge Funds, Innovation, Investment, Stock Market, Taxation, United States, Wall Street

Would Reaganomics Work Today?

The key drivers that propelled the Reagan economy are now tapped out or out of favor. The name of Ronald Reagan is frequently evoked by the current contenders to the GOP nomination. Donald Trump speaks admiringly of the 40th President of … Continue reading

Posted in 2016 Candidates, Demography, Dependency Ratio, Economy, Taxation, United States, US Economy, US Federal Budget

Guardian: $21 Trillion Hoard Hidden From Taxman by Global Elite

HEATHER STEWART, business editor at THE GUARDIAN writes: A global super-rich elite has exploited gaps in cross-border tax rules to hide an extraordinary £13 trillion ($21tn) of wealth offshore – as much as the American and Japanese GDPs put together … Continue reading

Posted in Offshore, Taxation

California Voters Approve Pension Cuts

IAN LOVETT WRITES IN THE NEW YORK TIMES: LOS ANGELES — As Wisconsin residents voted on Tuesday not to recall Gov. Scott Walker — who has become an enemy of labor unions nationwide — two California cities dealt blows of … Continue reading

Posted in California, Demography, Pension Funds, Politics, Taxation, United States, US Economy

New York Times: US Public Pensions are Underfunded

MARY WILLIAMS WALSH AND DANNY HAKIM WRITE IN THE NEW YORK TIMES: Few investors are more bullish these days than public pension funds. While Americans are typically earning less than 1 percent interest on their savings accounts and watching their 401(k) balances … Continue reading

Posted in Demography, Economy, New York, Pension Funds, Politics, Taxation, United States, US Economy, Wall Street