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Tuesday, October 17, 2017

How the world’s greatest financial experiment enriched the Rich Families


Higher taxes to hit 1.6 million Australians, Parliamentary Budget Office report reveals
The top 0.1 percent of earners projected to pay more to the IRS than the bottom 80 percent combined. This year, official government datashow, the top 20 percent will pay 95 percent of all income taxes.
And:
Not just that: It’s hard to cut tax rates on moderate-income people without simultaneously benefiting the rich. That’s because everyone pays the same marginal tax rates on, say, their first $50,000 in income, regardless of how much they make in total. So cutting, for example, the 15 percent tax bracket helps the poor and rich alike.
As an American blogger recently pointed out:

Competent establishments are not deposed — because they’re competent. They are nimble, react well to changing circumstances and growing discontent, and tweak their course to maintain their power and authority.

Only incompetent establishments provoke a rebellion.
Have we outgrown Yes, Minister? | The Spectator Australia
 Politicians open Parliament House dining room to public - Good Food


So You Want to Buy a Stake in a Private Equity Manager? The Harvard Law School Forum on Corporate Governance and Financial Regulation

 'Israel hacked Kaspersky and caught Russian spies using AV tool to harvest NSA exploits'

To Russia, with love: Greek court now says Bitcoinfraud suspect could be tried at home

US and Moscow both want to extradite Alexander Vinnik, 38, but minister of justice will decide

 Legal Current – “Free wi-fi is widely available and tempting to use, especially when traveling.  Hotels, airports, coffee shops, even NYC subway stations provide it. But the dangers of public wi-fi are many-fold.  Not only are they hunting grounds for hackers, but a new report from security firm FireEye claims a Russian hacker group known as APT28, or Fancy Bear, used hotel Wi-Fi networks to spy on high-value guests. While use of Virtual Private Networks (VPNs) can safeguard against unsafe wi-fi networks, recent bans of VPNs by Russia and China further complicate matters. Bob Braun with Jeffer Mangels, Butler & Mitchell, says when using any public wi-fi, you are inherently at risk. To listen, click here (or to download and listen later, right-click)”



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