Brazilian Marxist Death Spiral...
1) Put a corrupt politician in charge.
2) No investor rights (refer to Petrobras shareholders).
3) Throw a special tax on profits and dividends going to overseas investors.
...
Watch as investors who provide capital run for the exit...🏃🏃♂️🏃♀️
Exclusive: Brazil to tax overseas profits, high incomes to offset bigger tax exemption
Wow…just wow!
Eversource has recently proposed a significant increase in utility rates, citing a major factor being the rising number of customers not paying their bills, essentially meaning that paying customers will be subsidizing the cost of "deadbeat customers" through higher rates on their bills; this proposed increase is primarily due to the growing "public benefits" portion of the bill, which includes costs associated with managing state-mandated programs for those who can't afford their full electricity costs.
"The Road to Serfdom" by Friedrich Hayek argues that excessive government control over the economy, particularly through central planning, inevitably leads to a loss of individual freedom and can pave the way for totalitarian regimes, essentially warning against the dangers of socialism by demonstrating how it can slide into tyranny, even if initially intended with good goals; the core idea is that a free market with limited government intervention is necessary to protect individual liberties.
@elonmusk There has got to be a better way than going through these hysterics of govt shutdowns every year. Shutdown probably wouldn’t be so bad anyway.
Another example of German authorities protectionism. Similar disgrace in VW investor litigation - fraud arguments in higher court, but recovery for investors? No!
Germany still needs to learn from Wirecard on whistleblowers https://t.co/BOmnFGsYcd via @ft