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Category Archives: Economics
Chile the Best OECD Economy During the Last Two Years
Mercopress reports: For the second year running Chile becomes the OECD member with the highest GDP expansion which this year will reach 5.2% compared to the 1.4% average. November’s estimate in 0.8 percentage points higher than last May’s forecast. Likewise … Continue reading
Posted in Chile, Economics, United States
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A Tragedy for the Louisiana Economy
As United Statesians submit their income taxes today, Forbes reports that the Governor of Louisiana, Bobby Jindal, is surrendering the struggle to phase out the income tax in his state, a dismaying development because the nearby southeast states of Texas, … Continue reading
Posted in Economics, United States
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Rich People Emigrating from Democracies to Dictatorship in Singapore
The Wall Street Journal explained why rich people are emigrating to the dictatorship in Singapore: Many Americans and Europeans just want a place where their investments can keep growing—hardly a problem in Singapore, smack in the middle of the fast-growing … Continue reading
Posted in Economics, Government and Law
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Is Warren Buffett a Liar?
One of the richest people in the world, Warren Buffett, says that he wants to pay more taxes because he pays a smaller percentage than his secretary. In the video below, Peter Schiff claims that Buffett is lying. Is that … Continue reading
Posted in Economics, United States, Video
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A “Temporary” Tax Becomes Permanent in Chile
According to 4-traders: Chilean fuel and forestry conglomerate Empresas Copec SA (COPEC.SN) and pulp and paper producer Empresas CMPC SA (CMPC.SN) each will post a one-time tax charge in their third-quarter earnings, the companies said in separate filings with the … Continue reading
Posted in Business, Chile, Economics, Government and Law
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Food so Tasty that it’s Unfair
Former President of Chile Ricardo Lagos recently asserted: A society that is built on neoliberal economic ideas will indeed foster GDP growth and innovation. But unless it is complemented with public policy aimed at promoting equality, a free-market society will … Continue reading
Posted in Economics, Education, Society and Culture
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Former President of Chile Publishes Memoirs
Former President of Chile Ricardo Lagos recently published, The Southern Tiger: Chile’s Fight for a Democratic and Prosperous Future and asserted: A society that is built on neoliberal economic ideas will indeed foster GDP growth and innovation. But unless it … Continue reading
Posted in Books, Chile, Economics
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Chilean President Warns of Danger of Socialism
The President of Chile cast diplomacy aside today to promote capitalism. According to Bloomberg, Sebastián Piñera said that Europe’s mistakes are a lesson for Latin America: Latin America must avoid the costly welfare policies plunging Europe into crisis and should … Continue reading
Criminally Bad Business Decisions in Argentina
During the 1974-2002 epoch in Argentina, it was a criminal offense for a business owner to make bad decisions. According to Ian Mount, author of The Vineyard at the End of the World, one victim ensnared by the law was … Continue reading
Posted in Argentina, Economics, Government and Law
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It’s Time to Pay the Most Evil Tax
If you live in the USA, today is the customary deadline for filing income tax forms, although it is extended a couple of days this year because it falls on Sunday. I call it the most evil tax because it … Continue reading
Posted in Economics, United States
2 Comments