Showing posts with label cash. Show all posts
Showing posts with label cash. Show all posts

Tuesday, June 21, 2016

Senators Want Companies to Reveal Where They Keep Their Cash

If you think that multinational corporations take measures to avoid paying your country's taxes, you have two ways to deal with it. You could reform your tax code so that the incentive to avoid taxation disappears. Or, you could go the route of Stuart Smalley. From the Minneapolis Star Tribune:
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Monday, February 1, 2016

So It Begins: Bloomberg Op-Ed Calls For An End Of Cash

In a moment of curious serendipity, a little over 90 minutes after we showed what a dystopian, centrally-planned, cashless society unleashed in a negative interest rate world would look like ("by forcing people and companies to convert their paper money into bank deposits, the hope is that they can be persuaded (coerced?) to spend that money rather than save it because those deposits will carry considerable costs"), and briefly after we laid out the countless recent warnings from "very serious people" that cash is evil and should be banned:
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