The Tax Capital of the World

WSJ reports States are raising taxes despite the 'stimulus'; New York is No. 1.

I think people and business will be leaving. There are 10 other states that are also considering major tax hikes, including Oregon, Illinois, Wisconsin, Washington, Arizona and New Jersey.

These states are all gambling that people and business will stay. I say people and business will relocate.

Madoff Employee Breaks Silence

An employee of Bernard Madoff’s legitmate brokerage operations, which were described by the fraudster in his plea agreement as being “successful and profitable,” has told The Daily Beast that they were in fact money-losers that acted as a front for his Ponzi scheme.