Data shows why Americans’ Retirement Accounts will be subjected to Confiscatory Taxes

Income inequality will lead to deep political divisions among senior citizens that will profoundly change voting patterns. These divisions will unfold along racial, regional and class lines and bring about a paradigm shift to the left in American politics.

A result of that will be high confiscatory taxes directed at affluent seniors and their retirement accounts. Expect to see many wealthy older people flee the United States to escape those taxes in the decades ahead.

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Zuckerberg backs Basic Income

“We should have a society that measures progress not just by economic metrics like GDP, but by how many of us have a role we find meaningful,” the billionaire said. “We should explore ideas like universal basic income to give everyone a cushion to try new things.”

“We’re going to change jobs many times, so we need affordable childcare to get to work and healthcare that aren’t tied to one company,” Zuckerberg said. “We’re all going to make mistakes, so we need a society that focuses less on locking us up or stigmatizing us. And as technology keeps changing, we need to focus more on continuous education throughout our lives.”

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Silicon Valley will be the Next Target of Populists

“It could ultimately lead to populist calls for redistribution of the increasingly concentrated wealth of Silicon Valley as the gap between tech capital and human capital grows ever wider,” Hartnett wrote.

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Are Republicans trying to Suppress Young People’s Votes?

There is a good reason why Republicans are so anxious to get a nationwide voter ID law in place. Younger voters now outnumber Republican-leaning older voters who are dying off.

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Is Canadian Pacific the Most Overvalued Railroad?

Even with its lower price Canadian National is a very good stock. It is scheduled to reward investors with a dividend of 30.4¢ on June 7, 2017. That’s down slightly from 30.7¢ on March 8, but up from 28.2¢ on December 7, 2016. So Bill Gates is also a pretty good dividend picker as well as a value investor.

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The Value in Finance Bank of New York Mellon

Trump has proposed a tax holiday to let companies bring the money back, something that might be politically impossible to sell to Congress. Although a Republican Congress did give President George W. Bush a tax holiday in 2004 when two thirds of the earnings were repatriated, Wells noted.

If such a holiday were to occur; and it is a big if, a lot of the money would come through BNY Mellon. CNBC estimated that companies would bring $1.7 trillion back to the U.S. That might generate fees for Bank of New York which moves funds for big companies.

Such a holiday might be unlikely now because few Congressmen or Senators would want to be seen giving big corporations a huge tax break in today’s political climate. Hostility to Wall Street and big business is running high and destroying the careers of politicians seen as puppets of moneyed interest such as Hillary Clinton.

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A Few Thoughts on Bubbles, Bitcoin and CEOS

Crytpocurrencies; like the internet in the 1990s, are a great technology with a bright future but people are being over optimistic. Just as it took 20 years for online retail to mature and go mainstream, so it will take 10 to 20 years before cryptocurrencies truly go mainstream. Expect a lot of ups and downs between now and then.

My prediction is that both bitcoin and ethereum will take a big fall real soon. Wait until that happens and buy because they will come back. The technology is good but it is grossly overpriced.

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Limitless Apple Pay Sued, Android Pay arrives in Russia

Android Pay is supported by 15 Russian Banks; including Alfa-Bank, Bank Okrtite, Sberbank, Raiffeisenbank, Tinkoff Bank and VTB24. It will also work with Russian payment services such as ASSIST and Payture.

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The Slow Decline and Fall of Target

Strangely enough, Target (NYSE: TGT) has something in common with the Roman Empire; it is slowly but surely declining. Target’s

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Uber Goes Trucking

The challenges would be worth it if Uber were able to build a consolidated logistics and delivery platform. Profits would be vast if Uber Freight can be integrated with Uber Delivery.

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