Tag Archives: taxation

  • Podcast

    Bob Fitzwilson: 2012 is the “Most Difficult Year Ever” for End-of-Year Financial Planning

    Little time left to make big decisions
    by Adam Taggart

    Saturday, December 8, 2012, 5:27 AM

    38

    "This is probably the most difficult end-of-year planning I have ever seen in my career"

    ~ veteran investment adviser Bob Fitzwilson

    As the Fiscal Cliff looms ahead, as well as the implications of new legislation at both the Federal (e.g., "Obamacare") and state (e.g., California's Prop 30) levels, financial advisers are furiously working to calculate the impact these developments will have on their clients' net worth in 2013 and beyond.

    Add to that the ugly macroeconomic environment of spiraling sovereign debts and deficits, currency devaluation, and underfunded entitlement programs. At this point, the prudent assumptions to make are that taxes will go higher over time, the money printing machines will run at maximum speed, and when the system really begins to collapse under its own unsustainability the rules will be changed. Perhaps that means capital controls; perhaps it means new restrictions on large asset pools like pension and retirement funds; perhaps it means wealth taxation. At this point, no one knows for sure.

    No wonder this is such a difficult moment for end-of-year planning.

    So, what to do?

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  • Blog
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    Time to Focus on ‘Return of Capital’

    Reflections on the day after the election
    by Adam Taggart

    Wednesday, November 7, 2012, 5:01 PM

    125

    I am more concerned with the return of my money than the return on my money.

    – unknown (often attributed to Mark Twain or Will Rogers)

    The U.S. Presidential race is now behind us. And this morning the world woke up and realized that all the issues the election postponed now lie before us.

    In his victory speech, President Obama focused on moving 'forward':

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  • Blog

    Mapping The Fugly Future with David Collum

    by Adam Taggart

    Friday, February 18, 2011, 2:17 AM

    0

    In the course of his info-scouting, Chris has conversations with many different thinkers. Some are well-known to you; others perhaps less so. An important objective of our podcast interview series is to expose our listeners to the variety of voices and points of view that Chris considers when developing the perspective that he brings to his reporting.

    David Collum may be a new voice to many of you. Like Chris, David came to the field of macroeconomic study from a scientific background. Again like Chris, his published observations and predictions have begun to amass a readership built on respect for his emprical approach to projecting the future. For those of you unfamilar with David’s work, we think you’ll enjoy having this insider’s ear to his recent recorded discussion with Chris, which covers a wide range of topics.

    In short, David sees a world where market risk has been removed (through misguided government intervention), leading to perverse behavior. In many ways, we are repeating the sins of past empires – and he warns us that history has a much higher incident rate of soverign insolvency than we may want to believe.

    Click the play button below to listen to Chris’ interview with David Collum:

    [swf file=”http://media.chrismartenson.com/audio/david-collum-2011-02-17-final.mp3″]

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    In this podcast, David and Chris discuss: 

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