Archives for October 2017

October 2017 - Page 19 of 23 - Money Morning - Only the News You Can Profit From

The Bitcoin Gold Hard Fork Explained

The Bitcoin Gold hard fork is less than a month away, but it's already causing confusion.

It's separate from the Bitcoin Cash hard fork that happened Aug. 1. But like that hard fork, Bitcoin Gold will create another, distinct version of Bitcoin.

With so many hard forks in such a short span of time, even veteran Bitcoin users are struggling to make sense of all this.

So Money Morning contacted Bitcoin Gold's organizers for some answers.

Here's what they said...

Why the Latest Tax Reform Plan Is "Fake News"

The truth is, the GOP's sweeping plan to overhaul the U.S. tax code – the plan to create jobs and lighten the tax burden on America's wage-earning workers – is insulting.

That's because the justification for the cuts is based on hoary, old, fake tax policy narratives like: "Higher taxes on the rich hurt the economy," and "tax cuts for the rich trickle down," or "U.S. corporate taxes are the highest in the world," and "lowering taxes will bring outsourced jobs back home."

Besides being fake, nothing in any of these narratives addresses the new American economy, where more income is earned by companies and wealthy individuals through capital than through labor.

When you understand that, you'll see why income and wealth gaps are increasing all over the United States.

What's more, you'll see that the real, workable solution is in fact a few simple tax and tax-cutting ideas that actually spread the wealth.

Here's what I mean...