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Gapstow Bridge and Plaza Hotel in Fog

gapstowandplazainfog

Manhattan, A Photographer’s Journey by Henry Barnard

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Digital download of the JPEG file for this photograph.

If you buy this photograph, I will be sending you an email in a day or two with a link to its JPG file. You will then download the file into your computer in its Download or Picture folder or whichever folder you choose. You can use it on your PC as you will, just to look at now and then or as a screen saver after you configure your computer to use it as such. Up to you.

$2.00

DAX

I’m wondering if the DAX in Germany is about to collapse.  The German 10 year has fallen sharply and quickly to a negative .251%, which is much worse than even the Japanese bond.  And the German bank DB looks like it’s disintegrating, despite the merger plans.  Would not be surprised to see a sharp collapse soon in the DAX like 1929 — when there are suddenly lots of sellers but no buyers.

Of course the entire easy money economic system in Europe is a complete fraud.  A currency that pays no interest has no value.  But when will someone step forward and say the emperor has no clothes?  You’ve got literally mountains of debt but no growth.  Sound familiar?

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Liberal Remedy for Everything

All the liberals and “progressives” have the same solution for everything.  Target the extremely rich — the 1 percenters — with much higher taxes.  I was listening to one politician the other day recommend a tax rate of 80% for the people in the 1 percent income bracket, and she said it without missing a beat — unapologetically.

That would mean that the government would claim 4 out of every 5 dollars earned by a member of the 1 percent bracket.  In effect, the super rich wouldn’t be working for their own self-interest anymore.  They would be working for the self interest of the government.

The top 1 percent already pay 37.6% of all the taxes, i.e., they already pay way more taxes than one would expect.  But according to these liberals and progressives, that isn’t nearly enough.

Tax Data

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