“Everybody’s poor” in oil-rich Venezuela, and US President Donald Trump’s top economic adviser claims he knows the answer: excessive taxes on the South American nation’s wealthiest citizens. With high-profile Democrats such as Rep. Alexandria Ocasio-Cortez clamoring to raise income tax rates as high as 70%, Larry Kudlow is warning that the US could see a similar “catastrophe.” Venezuela is a “Catastrophe” Because of High Tax Rate Kudlow says the “old saw” of higher taxes on the wealthy from America’s political left “never works.” The former CNBC host says he doesn’t know how such proposals will pan out, but he’s already
A new study has revealed that more than a quarter of “affluent” millennials either have or are using cryptocurrency.
Now The Largest Generation in the US
Communications and marketing firm Edelman has released its Millennials With Money report, which found that 25 percent either have cryptocurrency and/or are using it. What’s more, another 31 percent say they’re “interested in using it.”
The given study was based on a survey of 1,000 affluent millennials, which is defined here as having at least $ 50K in investable assets or $ 100K in individual or joint income, with comparison groups of non-affluent millennials and affluent Gen Xers.
A recently conducted survey has produced interesting results regarding how much Russians know about cryptocurrencies. People with lower incomes have been found to have a better idea of digital money than their rich compatriots. At the same time, general awareness of cryptos seems to be falling along with their prices.
The author of the best-selling finance book “Rich Dad, Poor Dad”, Robert Kiyosaki, expressed his concerns about the US dollar and the fact that there’s nothing to back it up. He also holds that cryptocurrencies will eventually replace it.
The finance book “Rich Dad, Poor Dad” went on to sell upwards of 32 million copies, turning it into a multinational sensation. The book advocates the overall importance of financial literacy.
Its author, Robert Kiyosaki, shared his concerns about the current state of the US economy and its currency – the dollar, which isn’t backed by gold since President Nixon conclusively took it off the gold standard in 1971.
Thomson Reuters has launched a bitcoin analysis product that uses AI to analyze how industry insiders feel about the cryptocurrency.
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