Technology companies need to constantly innovate. That results in a high amount of money being spent on research and development, which in turn helps keep a company’s taxes lower than a company that makes the same product year-in, year-out.
So it’s no surprise that regulators are always on the lookout for ways to try and get more taxes out of these massive firms that often have little to no earnings. One proposal is being floated for a new generation of technology: a space tax. Or, more specifically, a per-passenger tax on space flights like the ones just completed by Jeff Bezos and Richard Branson.
For now, the proposal is just from one member of Congress, but if space tourism takes off, no doubt taxes will as well. It just goes to show, you can only stay ahead of the taxman for so long… even if you go to space.
Precious Metals Prices
Price at week’s end (change over last week)
Gold … $1,803.76 (-0.5%)
Silver … $25.25 (-1.9%)
Platinum … $1,070.11 (-3.6%)
Palladium … $2,707.50 (+1.6%)
Now here’s the rest of the news:
Market Volatility Is Troubling, But This Is the Real Problem
The stock market’s crazy week is a demonstration of its fragility. Market volatility is nothing new, but swings up and down have become bigger and more frequent. Here’s what’s behind the intensity… [Read Here]
5 Saving Mistakes That Could Derail Your Plans
Americans are anxious about their financial futures. We review advice from finance professionals who’ve seen the worst mistakes their clients have made. Over and over. Their advice helps us zero in on what not to do… [Read Here]
After Three Weeks of Gains, Gold May Be Poised to Revisit Yearly Highs
Mark Newton discusses gold’s gradual climb, predicts a record high in the near term. There may be an ideal time to stock up on gold in the coming days. Here’s what he’s watching for… [Read Here]
July 23, 2020
There’s a good reason why gold and silver are moving. All of the talk about Federal stimulus and mounting fiscal deficits is a clear sign of two things: the weakness of the recovery and the desire to inflate. The Federal Reserve stands at the ready for more QE and COVID policies will keep inflation in check. With silver’s undervaluation to gold, it’s like a breeding ground for a resurgence in precious metals.
Now here’s the rest of the news:
Hold Onto Your Gold; a 2023 Fed Rate Hike Is Too Little Too Late
“In the second half of 2021, it’s likely that the US dollar index will fall. The gold and silver markets must break higher because the US dollar index is negatively correlated with gold and silver prices.”
July 23, 2019
Two Trends Holding You Back!
“I will no longer allow myself to be around people that make me feel bad about who I am.”
Two of the biggest things that hold people back from making big-time progress toward their health and wellness goals are information overload and the search for the next big thing. Let’s take a look at these and how you can overcome them.
Information overload. We’re fortunate to be living in the information-packed Digital Age, but this blessing can also be a curse if we just bathe in “stuff” without ever doing anything with it. And in this unprecedented time of self-tracking (e.g., sleep, macros, heart rate, and so on), I ﬁnd that most people, ﬁguratively speaking, are like hamsters spinning on a wheel; they’re trapped consuming information and collecting data – without doing anything with it.
As author Ryan Holiday says, “When intelligent people read, they ask themselves a simple question: ‘What do I plan to do with this information?’” (Yes, that goes for this blog too.)
Looking for the next big thing. This trend (which probably isn’t going anywhere any time soon) piggybacks on the one mentioned above. As functional medicine clinician Dr. Bryan Walsh recently said on in an interview, “How many people buy a whole bunch of books on a topic because they’re looking for the answer when the answer may have been there, but they just didn’t really sit down to apply it?”
The crux of it is that as soon as we start looking for ‘the next big thing,’ isolating variables or looking myopically at individual markers, systems of the body and pieces of the puzzle, we often miss the forest for the trees. For Dr. Walsh, “My antidote is to go back to the basics. Forget all this fancy stuff.”
If you keep chasing that next shiny object, chances are y0u’ll never stick with anything long enough to move the needle, and if you do, you may never know what worked. This isn’t meant to disparage innovation nor is intended to discourage scientiﬁc discovery; rather, as we reach new frontiers, the encouragement is to connect the dots rather than isolate variables.
To Moving Forward! 🙂