Interview – Entrepreneur House: Taxes, Retirement, & Life Abroad
July 19, 2017 Chris Reynolds interview on The Entrepreneur House podcast with Bobby Casey Are you an entrepreneur? Did you know you can legally avoid paying self-employment taxes? Did you know there are less restrictive IRAs that allow you to invest outside the typical custodial menu offered domestically? Are you interested in or "shopping" for a new country of residence with tax benefits? We cover ALL of this and more in this 30 minute interview. This is an information packed half hour that can at least get you started down the path … [Read More...]
Unlikely Alliances Forged in the “American Sanction Club”
American politicians have taken a sour position against several countries, but our sanctions are forging unlikely alliances amongst those in the “American Sanction Club”. July 17, 2017 By: Bobby Casey, GWP Managing Director Despite the hard line western politicians draw against Russia and China and even Iran, if you throw enough countries in the same cell, you will inevitably see unlikely alliances emerge. The US hasn’t a leg to stand on when it comes to humanitarian alignments in its foreign policy. So the idea that the US has some … [Read More...]
Innovation and Adaptation are Key to Surviving Market Changes
Market forces insist that businesses and people remain vigilant in their innovation and adaptation to new conditions and advancements. July 10, 2017 By: Bobby Casey, Managing Director GWP The market is calling for innovation and adaptation. Some creative destruction is afoot, and it is necessary. Something needs to come along and shake the complacent inert space trash and change the trajectory a little. Earlier, I wrote a piece about the lackluster performance of the US first quarter performance and the changing attitudes of the US … [Read More...]
Happy Brexit 1776
by Bobby Casey On July 4th, 1776, the document penned by Thomas Jefferson known as the Declaration of Independence was adopted by the original 13 United States of America. It was signed by 56 delegates of the former British colonies as an act of defiance against Great Britain. It was a defining moment that has had a lasting impression on the world ever since. The most famous signature on the document was penned by John Hancock. The signature was so famous that even today we ask people to put down their “John Hancock” to sign important … [Read More...]
Google is Another Example of EU Folly and Plunder
EU deals search giant, Google, a $2.7 billion penalty for favoring itself over its competitors. July 3, 2017 By: Bobby Casey, Managing Director GWP Google just got slapped with what might be one of the biggest penalties in EU history. What it has done is in direct violation of the EU’s… Altruist Rules. Until now, I didn’t realize they had those. But they do! They have been charged with “unfairly directing users to its own products rather over those of its rivals”. Google “must comply with the ruling and ‘end the conduct’ within 90 … [Read More...]
Property Rights Struck Down by SCOTUS
Property rights dealt a heavy blow by Supreme Court affecting equitable compensation for land. June 26, 2017 By: Bobby Casey, GWP Managing Director On June 23, 2017 the Supreme Court made a ruling that undermines property rights by allowing governments to avoid just compensation for private land for public use. The 5th Amendment to the Constitution clearly states: “…nor shall private property be taken for public use, without just compensation.” So imagine taking the word “just” out of that clause. Eminent domain laws have … [Read More...]
War on Currency Continues Against Cash & Cryptocurrency
Bipartisan support for new bill seeking to further the United States’ war on cash and cryptocurrency both domestically and abroad. June 19, 2017 By: Bobby Casey, GWP Managing Director The war on currency continues: more specifically the war on cash and cryptocurrency. No policy of this caliber would be complete without some offshore account component. The latest tactic (S.1241) was introduced in the Senate by Republican, Chuck Grassley, called: “Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017”. Who … [Read More...]
Non-Bank Private Sector Lending Solutions
Private sector is clutching up to deliver free market lending solutions: this time with small businesses! June 12, 2017 By: Bobby Casey, Managing Director GWP As a small business owner myself, I’m always heartened when I see an alternative to government hoops offered by the private sector in the form of free market solutions. Amid all the negativity out there, capitalism wants a shot at turning it around. Not long ago, I wrote about the free market solutions emerging for the healthcare industry. Doctors and medical centers are coming … [Read More...]
Corporate Welfare is Still Welfare
Corporate welfare is still welfare. There is no excuse for it as it only distorts our market. June 5, 2017 By: Bobby Casey, Managing Director GWP Just because I help people with their corporate structuring, doesn’t mean I’m in any way a proponent of corporate welfare. If you’re drawing from the largess, you’re costing taxpayers. I make no distinction between the family of five on food stamps, government employees, or large industrial corporations. If you receive a dime in taxpayer dollars, you’re on welfare. I do make a distinction … [Read More...]
Rolling Back Net Neutrality
The FCC decided to take steps in rolling back net neutrality. Does the end user ultimately suffer, or hold the solution? May 29, 2017 By: Bobby Casey, Managing Director GWP Net neutrality has waxed and waned over the past several years as yet another necessary evil to “level the playing field” in business. The purpose of net neutrality is the treat the internet as a utility service and regulate it as such. In so doing, the telcom corporations would no longer have discretion as to where the bandwidth would be allocated. That … [Read More...]
Student Loans and Prisons: Two Multi-billion Dollar Policies Costing Taxpayers
Student loans debt collection and prisons are costing American taxpayers billions of dollars per year. May 22, 2017 By: Bobby Casey, Managing Director GWP American taxpayers are paying for broken government polices from student loans to prisons. As it turns out, people with no plan or collateral are lending liabilities. Who knew? Likewise, it is a greater burden on the economy to imprison people for drug possession and dealing than it is to just leave them alone. Go figure. While those things might not come as a surprise, the numbers … [Read More...]
DEA Stole $4.15 Billion in Cash Through Asset Forfeiture
Inspector General report finds DEA stole $4.15 billion in cash alone over the last decade through asset forfeiture; most of which is not tied to any criminal investigation. May 15, 2017 By: Bobby Casey, GWP Managing Director The DEA has stolen approximately $4.15 billion in cash alone in the past ten years through asset forfeiture. This doesn’t include hard assets such as vehicles or real estate! That’s roughly $415 million per year in cash. Here’s the real kicker: over 80% of those seizures never were connected to any criminal … [Read More...]
$2.4 Trillion in American Corporate Offshore Wealth
With $2.4 trillion in wealth sitting in offshore accounts, the United States government needs to reevaluate it’s 35% corporate tax rate. May 8, 2017 By: Bobby Casey, GWP Managing Director Large corporations are reluctant to repatriate $2.4 trillion to the United States because it still has the highest corporate tax rate in the world of 35%. Is anyone surprised? According to the Swiss bank UBS, as of the end of fourth quarter 2016, American corporations have approximately $2.4 trillion stored offshore. And of that, Apple, Microsoft, … [Read More...]
US Shift in Spend & Drop in GDP
The US economy is seeing some shifts in consumer spend and drops in GDP. May 1, 2017 By: Bobby Casey, Managing Director GWP We witnessed a considerable shift in consumer spending habits, as well as a significant drop the US GDP. Consumer spending accounts for two thirds of US economic growth, so when that undergoes any changes – positive or negative – its effects are noticeable. The shift we are seeing is AWAY from retail spending. This isn’t some phenomenon that just surprisingly turned up in the last 4 months. It’s something that … [Read More...]
SCOTUS Ruling Could End Asset Forfeiture
SCOTUS makes a ruling that could put an end to civil asset forfeiture as we know it. April 24, 2017 By: Bobby Casey, GWP Managing Director The SCOTUS made an incredible ruling on April 19th that could end civil asset forfeiture as we know it. The case itself wasn’t directly to do with civil asset forfeiture, but the wording of the opinion hardly lets on to that fact… which means a precedent was set. The case had to do with two people who were convicted of a crime and sentenced, but later exonerated. Shannon Nelson and Louis Madden … [Read More...]
