Dec 2, 2018 - Uncategorized    No Comments

Brexit

Prime Minister May reached an agreement with the European Union, 585 pages of gobbledegook. Anytime government proposes a law that has that many pages, you know the citizens are getting screwed. Exiting the EU could be easy by doing two simple things: have no tariffs or import quotas. The upside to this is that buyers and sellers of goods would benefit. The downside is that the government would get less money.

Which is why it will never happen. Governments love money, your money, my money, anybody’s money. You need few words to implement a policy like that.

We’re always promised a simple tax form, something no bigger than a postcard. Never going to happen. All of us have managed our money/income to facilitate this larceny. We need all the “loopholes” to remain intact. Financial planning is longterm whether you’re a business or an individual. Simpler is better but it’s not a word that’s in a government’s vocabulary.

Lots of talks but little or no actions.

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