Owatonna, MN Correspondent-When you think about all the forms currency has taken in the world since humans began to trade goods and services with each other, it is certainly a possibility that some type of digital currency may become the reserve currency of the world. After all, currencies have taken the form of gold, silver, copper, salt, shells, even cigarettes (in prison and prisoner of war camps). Why not add electrons to that list? Continue reading
Gastonia, NC Correspondent-Blaming illegal immigration for depressed wages and an increase in the poor is at best a spurious argument, and only addresses a tiny portion of the root causes of both problems. Continue reading
From our Prescott Valley, AZ Corredspondent
Online grocery deliveries through retailers like Walmart, Costco, Target, Kroger and others will more than likely feel the crunch of Amazon’s recent purchase of Whole Food Markets. Even though Amazon already offers grocery-delivery services in a number of markets, the Whole Foods acquisition will allow the online giant to further expand those services and with the actual ownership of brick and mortar Whole Foods Markets, Amazon will have access to perishable foods and other consumables for distribution within its present and expanded market areas. Continue reading
Gastonia, NC Correspondent– The Basic Universal Income is a pipe dream much beloved by overly peppy future theorists, fuzzy headed socialists and the sort of people who think that if you put a freshly baked cookie on the table among six children, they’ll divide it up evenly out of the goodness of their hearts. Continue reading
Prescott Valley, AZ Correspondent– Fast food chains like McDonald’s have contemplated automation for some time and are either now using or planning to use robotics or some type of automatic ordering to save time and money spent on higher wage fast food workers. As of now, McDonalds is considering the use of burger flippers, robotics and automated ordering kiosks that will replace cashiers in over 2,000 of their restaurant/stores across America. Continue reading
Prescott Valley Correspondent-With inflation not being under direct government control or managed by a federal or state taxing authority, like the Internal Revenue Service (IRS), it is not going to be considered a direct tax, though inflation certainly has effects that are tax-like in nature. Continue reading
Gastonia, NC Correspondent-As a telecommuter for the last 17 years, I think I can offer some perspective on this question. While the idea of a house out in the woods or surrounded by a few acres of pasture or farmland is at times appealing, in the end it’s just not for me, and likely wouldn’t be even if I had the money to not need to work. Continue reading
Owatonna, MN Correspondent– Taxing robots certainly has merit for the government, which relies on taxing humans to feed its spending addiction.
It’s presumed a corporation that employs robots will be responsible for paying the robot tax. How will that be assessed if robots don’t receive compensation similar to what human employees receive? Should it be based on the robots’ productivity? And how should those tax dollars be spent? It makes the most sense to spend robot taxes on displaced workers who can’t find jobs because of automation. However, anyone who believes that government will faithfully dedicate all collected robot taxes to helping displaced workers, there is still plenty of swampland for sale in Florida. Continue reading
Prescott Valley, AZ Correspondent-Eliminating taxes will likely not happen as there will be tax shifts to make up for any termination of state or federal income taxes. If taxes are done away with, there will always be replacements through other sources of revenue.
If alternative sources were to be eliminated, there likely would be negative consequences but with many states currently proposing tax shifts, there will be replacements offered that will, in the long run, compare to the cost of taxes. People will challenge the productivity of the alternatives, but if they know that the tax replacement will help the infrastructures of their states, the alternative to state income taxes might be an easier pill to swallow. With state and federal entities needing monies to support the state and federal decline in infrastructure, any impending doom will be absorbed by individual taxpayers who share most of the burdens anyway. Continue reading
Owatonna, MN Correspondent– The U.S. economy has been chugging along at a slow-to-moderate pace since the current recovery began back in 2009 after the Great Recession ended. Part of the reason for that steady growth and lack of volatility in the stock market must be chalked up to historically low interest rates. Rising interest rates may precipitate a recession, but that’s not a certainty. Continue reading