By Prabhakar
A few years ago, American investor Warren Buffett famously stated that he paid a lower tax rate than his secretary, thanks to the many loopholes and deductions that benefit the wealthy. So, is the present cry for taxing the rich at all rational?
The political conclusion on taxation is that a tax system always operates within an economic …
(October 2011) – Economist Ravi Batra calls it “Weapons of Mass Destruction” while financial advisor Max Keiser refers to “The Financial Terrorists of Wall Street and the IMF”.
In Iceland, the people decided to take the health of their country into their own hands. They refused to pay for the ill deeds of bankers who had brought their economy to …
(September 2011) – The runaway roller-coaster that is global capitalism continues to display increasingly worrying symptoms of the desperate state it is in. The number of jobs in the U.S came to a complete standstill from July to August while the country’s unemployment rate in August remained at 9.1 percent. In the UK, new construction orders suffered the biggest fall …
(PROUT Globe, 2011) – We human beings would first and foremost like to be able to feed, clothe, house, educate, etc. ourselves. Then move on further. We don’t need profit for profit’s sake. All we really need and want is to progress in life. This is the essence of real economy. What sets real people from the unreal is their …
