It is important to analyze your political situation. Is your state taxing you unfairly? Is there an alternative? I wrote this piece on October 8, 2018 to encourage Americans to think about what happens when wealthy taxpayers flee punitive taxation. Who will pay for a state's government when there's no one left with any money? My friend Chris Edwards, director of tax policy studies at Cato and editor of www.DownsizingGovernment.org, outlines the hypocrisy in the way states run their tax schemes. He points out that states' biggest tax payers are sensitive to the top marginal rates, and when … [Read more...]
Archives for November 2018
Still Sure Indexing is Right for You?
I have been warning investors of the dangers of indexing for some time. With correlations among assets down near all-time lows, it is only a matter of time before something has to give. Now what seemed like a safe bet has become a volatile up-and-down roller-coaster ride for investors. The Editorial Board of The Wall Street Journal writes: Stocks bounced back Wednesday, but before that the tech-heavy Nasdaq had slumped 12% since its August peak. Falling FAANG stocks—Facebook , Apple, Amazon, Netflix and Google parent Alphabet—have swung the S&P 500 into a correction zone. Netflix tumbled … [Read more...]
Consumers Battle Apple’s Pricey iPhones by Keeping Phones Longer
Are you willing to spend more than $1,000 on a smartphone every two years? For more and more consumers, the answer to that question is no. Average smartphone users are holding on to their phones for longer periods of time, and Apple phone owners are waiting even longer to buy new models. Sarah Krouse reports in The Wall Street Journal: Pricier devices, fewer subsidies from carriers and the demise of the two-year cellphone contract have led consumers to wait an average of 2.83 years to upgrade their smartphones, according to data for the third quarter from HYLA Mobile Inc., a mobile-device … [Read more...]
- « Previous Page