Taxes On Net Worth…Tragic Yet Unavoidable?
by | Posted 9.22.2012 | Post Comment (No Comments)

We all know how countries from the US to both small and bigger European countries are in serious trouble. They have high unemployment, growing deficits, unfunded pensions and debt that is quickly becoming out of control. I’ve discussed all of this a few times in recent months and what does seem clear is that part of the solution will be for governments to get higher revenues, they are becoming increasingly desperate. Ideally, those would come from increased economic activity but it unfortunately seems like that could take a while. Countries like Portugal, Spain, Italy and even the US might have to take more drastic action.

Read the rest of this post @ IntelligentSpeculator