Should America be Taxing Philanthropy?

Why we should Tax Big Philanthropy

Taxes exist to finance necessary government services and functions. In a civilized society the common good must take precedence over the whims of the elite.

Not all philanthropy is beneficial or useful.

Philanthropists rarely donate more than a tiny portion of their wealth.

Philanthropy is rarely adequate to deal with the needs or problems of modern society. For example, Bezos’ $2 billion will do little to reduce homelessness.

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Why is the TJX Companies Making Money?

Impressively, Business Insider lists the TJX Companies (NYSE: TJX) as the “number one clothing company” in the United States. Notably, TJX is thriving while mall brands like The Gap (NYSE: GAP) are struggling. Thus, one reason for TJX’s success is its’ refusal to follow competitors into the mall.

The TJX Companies is far larger than you think; it operates over 4,000 stores in nine countries. In addition, TJX operates three e-commerce sites.

TJX brands include T.J. Maxx, Marshalls, Marmaxx, HomeGoods, Sierra Trading Post, Homsense, HomeGoods, and Winners. The strategy is paying off because TJX claims to have delivered 22 straight years of store sales increases.

To supply its stores TJX works with 20,000 vendors in 100 countries. Therefore, TJX has built an impressive ecosystem it can easily expand online.

An obvious opportunity for TJX is to add an existing online discounter; like eBay (NASDAQ: EBAY), Alibaba (NYSE: BABA), or Overstock.com (NASDAQ: OSTK), to its ecosystem. Importantly, TJX is offering to ship-to-store for items ordered through Sierra Trading Post.

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Berkshire Hathaway Comes Roaring Back

My prediction is that Buffett will buy up lower priced stocks of cash-rich dividend paying companies. Since there are lots of those out there it is hard to predict what will catch his eye.
Berkshire will be confine major investments to private equity, which is booming right now. Likely, private equity targets for Berkshire Hathaway include Lyft, Instacart, and Airbnb.
Lyft and Airbnb which both have the potential to generate a lot of cash will attract Uncle Warren’s attention. Instacart, which has escaped attention by operating in an unsexy; but huge, market groceries might catch Buffett’s eye.

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Is the Canadian National Railway Making Money?

In plain English, that means CN is hauling more freight but making less money from it. Such figures call the Microsoft founder’s faith in CN into serious question.
The infrastructure and the relatively low price; $90.17 on July 26, 2018, make CN a partial value investment.
Adding to the value was a dividend of 35.1¢ paid on June 29, 2018. That was down slightly from 35.2¢ paid on March 29, 2018, but still very respectable. The dividend has also grown significantly in the past year, it was just 30.6¢ on April 25, 2017.

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Basic Income for Christians

Christians and other conservatives need to rethink their mindless adherence to the jobs culture and start exploring alternative ideas like basic income. If they do not, the people of faith will see the market destroy everything they value.

A basic income might allow many people to remain in or move to traditional small towns or rural areas. People with a basic income might be able to take time off from work to volunteer at church. A basic income might also allow more families to home school.

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Why Bigger is better for Value Investors

Learning the importance of bigness and understanding its role in success is vital for investors. Investors that understand why “bigger is better” can put themselves in a position to make more money.

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Meet the 25 Best Auto Insurance Companies in the USA

Amica Mutual. America’s first auto insurer; founded in 1907, is still one of the highest-rated. Amica was to found to provide the best overall customer service of the companies surveyed.

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Goldman Sachs rides the Tiger

Goldman Sachs is experimenting with cryptocurrency trading. The bank was laying the groundwork for a cryptocurrency trading desk in December 2017, Bloomberg Markets revealed.
The desk is supposed to be up and running by the end of June, Bloomberg Markets speculated. Note: Bloomberg’s reporting is unreliable because the sources of the information were identified only as “people.” That means the article was based largely on hearsay.

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A Powerful New Idea for Financing Healthcare Research and Curing Cancer

Fortunately, Lo may have figured out how to finance healthcare research and the war on cancer without raising taxes.

His suggestion is for Uncle Sam to issue CancerCures bonds similar to the war bonds the US government issued to finance World War II. The bonds would finance biomedical research into a cancer cure.

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