Bankers

The Pilgrims’ Progress – Honoring Our Forefathers on the 400th Anniversary of the First (and Most Expensive) Thanksgiving

This year marks the 400th anniversary of the first Thanksgiving celebrated by our Pilgrim fathers and mothers in 1621.

BlackRock – The Fed’s Wall Street Croupier

Central banks have not merely inflated the bejesus out of assets prices. They have also caused the very foundations of financial markets to metastasize, yielding an endless array of new products that have no real economic function except to facilitate new forms of pure wagering.

House Build Back Better Bill Includes $600 IRS Reporting Provision

The U.S. House of Representatives on Thursday unveiled the text of the Build Back Better Act, and it includes a provision to require banks to turn account information over to the IRS on accounts with $600 or more in annual transactions.

Brazilian monarchist backs Trump media venture

A central figure in former US President Donald Trump’s bid to create a new social media platform is a Brazilian parliamentarian and self-proclaimed prince who has campaigned to restore elements of the monarchy that ended with the overthrow of Emperor Pedro II in 1889.

Supply-Chain Crisis Fuels Latest Retreat From Globalization

Covid-19, climate and geopolitics shatter integrated global production, threatening to end an era of low costs and endless variety.

Outrage Builds Over Expansion of IRS Reach

Financial experts are pushing back against the Biden administration's proposal to include a provision in the $3.5 trillion spending bill to extend  the IRS' reach to have bank transactions over $600 reported. The Democrats’ goal is to garner $463 billion in additional personal income tax over the next decade.

Biden’s Wrecking Ball for Financial Privacy

The Biden administration is seeking to compel banks to report to the IRS any bank account with more than $600 in transactions per year. This proposal is a linchpin of Biden’s American Families Plan, and will supposedly help generate almost $500 billion in federal revenue over the next decade.

‘Millionaires Tax’ Threat Has Some NY Bankers, Managers Eyeing Exits

For decades New York’s bankers and fund managers have accepted the city’s high tax rates as a part of working in the world’s premier financial capital.

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