Financial Friday: FINCEN, Taxes, Laffer, & Franklin
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Financial Friday: FINCEN, Taxes, Laffer, & Franklin
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FF: FINCEN, Taxes, Laffer, & Franklin
We provide an update on FINCEN's beneficial interest reporting as well as some of the taxes and fees being charged by governments. We talk about how some governments have used laws to steal money from certain people or groups, like the Nazi's did to the Jews or like the civil asset forfeiture going on in the US. We talk about the Laffer curve, and how lower tax rates can actually benefit a government. We also talk about Benjamin Franklin's Rules by Which a Great Empire May Be Reduced to a Small One. There are a lot of similar items going on today!
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