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Ten years ago, at the peak of the global financial crisis, the Board of Trustees which oversees Social Security in the United States issued a stark warning: They projected that Social Security’s enormous trust funds would completely run out of money in 2039. Naturally nobody paid attention. Back in 2009
Our annual Sovereign Academy is just around the corner. Each year, I invite the most talented entrepreneurs I know to teach and mentor a group of 50 young people from around the world. The camp is entirely free for students – I pay for everything myself out of pocket. It’s
The federal government sold your Social Security Number for FIVE dollars Welcome to our Friday roll up, where we highlight the most absurd and concerning stories we are following this week. Equifax fined $700 million… for 147 million person data breach Do you remember back in 2017 when Equifax (the
In 1993, William Kurt Hauser, a San Francisco investment analyst, presented his results from an incredibly interesting study. Hauser had analyzed tax revenues in the United States over time and came to the conclusion that tax revenue as a percentage of GDP had remained around a narrow band of 19%
“Gentlemen… the National Debt… is paid.” That sentence has been uttered in Washington DC exactly one time ever, by a Senator announcing that the US government was officially debt free. That was on January 8, 1835 when the debt that the United States government had accrued since its birth was
Here’s our Friday roll up of the most bizarre stories we’re following this week. Mom can’t sue cop who accidentally shot her child On July 10, 2014, a Sheriff’s Deputy from a rural county in southern Georgia was in pursuit of a suspect when he wandered onto the property of
The first time I met Steven Seagal, it was in the lobby of a posh hotel in Bangkok, Thailand. He came downstairs sharply dressed, complete with his yellow-tinged ‘Tony Stark’ sunglasses, ready to hit the nightclubs for the evening. My friend Adam introduced us. Steven bowed to me, and, slightly
75 years ago this month, a group of 744 delegates from around the world gathered at the very posh Mount Washington Hotel in New Hampshire to build a brand new global financial system. The year was 1944. World War II was still raging in Europe and the Pacific. But with
There seems to be an unwritten rule with lawmakers that, every time they create a terrible piece of legislation, they give it the most noble-sounding name. The USA PATRIOT Act from 2001 was a great example. It sounds great. Who wouldn’t love a law named for Patriots? And yet that
Here’s our weekly roll-up of the most absurd and concerning articles we came across this week from both sides of the Atlantic. 8th grader gets 3-week suspension for picture of airsoft gun Airsoft guns are toy guns which shoot little plastic BBs. As long as kids are wearing safety glasses,
Imagine a place where you could spend all day sitting on a beautiful beach, sipping piña coladas, mingle with some of the most fascinating people you’ll ever meet, and not pay any taxes… It’s the classic dream of the offshore tax paradise. Unfortunately, that dream is largely dead due to
I remember the day like it was yesterday. Fifteen years ago, I received my Italian passport in the mail, shipped to me directly by the Italian consulate in New York. A few years prior, I found out I was eligible for an Italian passport through ancestry. My grandparents are of
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