“It is a huge scandal that Congress has not yet instructed the IRS to automatically prepare taxes for the vast majority of Americans. The IRS has all the information required to do that for all but a few taxpayers, and the main reason it hasn’t to date is lobbying by companies like TurboTax and H&R Block.”
Still boggling over the discovery that the whole trope of the “welfare queen” is based on one ridiculously prolific scammer…who was Caucasian. (Scammers Georg had a bunch of other cons running, but, oddly enough, she’s only remembered for the welfare ones.)
“79% of parents are providing financial support to their adult children. ‘And not just a little; the average was $7,000 a year,’ said Dychtwald. Merrill Lynch and Age Wave call this the ‘family bank.'” …That checks out. (Although thankfully my parents wouldn’t jeopardize their own financial security for their kids’ sake, and don’t need to.)
“Many of the students who benefited did not know about the fraud being committed for them. In several instances, their parents endeavored to keep the payoffs and cheating secret, arranging false tests so the children would never know that their scores had been deceitfully obtained. The kids were fakes, and ignorant of that fact.” Now imagine how many schemes like this don’t get caught. How much unearned confidence is being actively pumped into rich kids, who can’t be self-critical about it because they don’t know.
“Norway’s Government Pension Fund – Global is a tool to manage our petroleum wealth wisely and avoid the “resource curse”. From this it follows that the Fund is large and that it is invested overseas. A sensible management of oil-producing countries’ petroleum wealth in well-functioning financial markets is in everyone’s interest.” How socialism of the oil industry worked for Norway.