The Bolsheviks even want to tax your toaster oven…

In a concept paper called “Treat Wealth Like Wages”, the ranking member of the US Senate Finance Committee laid out a plan late last week to radically overhaul the tax code in a way never before seen.

Just as you’d expect from the title, his central idea is to[...]
  • Simon Black
  • September 17, 2019
  • Bahia Beach

The most profitable business in the world

More than 5,000 years ago on a hilltop located in modern-day Georgia (the country, not the state), a group of people from the prehistoric Kura-Araxes civilization gathered their primitive tools and began to dig.

It took years. But they eventually burrowed 20 meters deep into the earth and constructed[...]
  • Simon Black
  • September 16, 2019
  • Bahia Beach

Eating human flesh is the latest idea to stop climate change

Get ready for your Friday absurdity! Here are this week’s stories:

Professor advocates for cannibalism to fight climate change

If you’re concerned about the human impact on Earth’s climate, you could plant a tree, install solar panels, ride a bike, or eat your dead relatives.

Don’t let that sack[...]
  • Simon Black
  • September 13, 2019
  • San Juan

The price of gold just hit a record high

A few hours ago, the European Central Bank announced a bonanza stimulus package: interest rate cuts, money printing, quantitative easing, the whole nine yards.

Europe’s economic growth has ground to a halt. The German economy actually shrank last quarter, according to official statistics.

So the European Central Bank[...]
  • Simon Black
  • September 12, 2019
  • Bahia Beach

The Bolsheviks hate Opportunity Zones. But they’re working.

Lately I’ve been looking at a number of office buildings in San Juan-- I own two businesses that are based here in Puerto Rico, and it’s about time the team moved to a larger space.

I was really impressed with what I saw-- there are a number of compelling[...]
  • Simon Black
  • September 11, 2019
  • San Juan

Here’s every reason to avoid buying a gold ETF

Buckle up, this one’s going to be entertaining… because I should have called this note “Why you should always read the fine print.”

This morning I read through the prospectus and annual reports of the most popular Gold ETFs in the world.

First, some background:

ETF stands[...]
  • Simon Black
  • September 9, 2019
  • Bahia Beach