The Ponzi Scheme. Despite the notoriety of Charles Ponzi, the scheme that carries his name appears to have been first perpetrated by Sarah Howe in Boston in 1879, when she created the “Ladies’ Deposit” to help invest money for women. When we think about the most noted Ponzi schemes in recent history, we immediately focus […]
Minimum Wage – Being Able To Eat
Minimum has always been a contentious debate about what is right, what is wrong and can be traced to its origin in 1349 with the the Ordinance of Laborers, which was a decree by King Edward III that set a maximum wage for laborers in medieval England. King Edward III, who was a wealthy landowner, […]
What’s New For Social Security In 2021
As the new year is quickly coming upon us, for those that are receiving social security benefits, it’s worth taking a good look at what changes are going to be in store for the new year. The good news is, you should be getting a raise due to the Cost Of Living Adjustment (COLA). The […]
Taxing Expatriates Out Of Their Citizenship
In a previous post, I talked about dual citizenship, the advantages and pitfalls of it. While I still believe in the system as a whole that it fosters cultural exchanges of many subjects, there has been a recent trend in the last two years that is effecting US citizens living abroad. Taxes. If you are […]
This Country Has The Potential To Be A Global Powerhouse
For a country whose population is one of the largest in the world, currently at around 100 million, it is about time that the Philippines showcases its true potential to the world as far as international trade and investment is concerned. Specifically, exporting more knowledge-based goods and services and also playing a role in the […]