“Prior to passage of the 16th Amendment to the Constitution in 1913, taxes on income were illegal in the United States. Since the introduction of the personal income tax, the average American works almost 7 months of each year just to pay taxes.” -From, “Empower The People” By: Tony Brown Tweet
Read the rest of this entry »Archive for the 'Ecomonics' Category
New Documentary On Black Economics
I don’t know who’s producing this movie. I hope it’s a Black production company. However, the trailer looks very interesting. Tweet
Read the rest of this entry »The “Keep Them In Debt” Game
“‘Listen,’ I said softly, ‘I know it’s hard for you to make sense of all this craziness around here, but trust me, there’s a method to my madness, especially when it comes to spending. It’s important to keep these guys chasing the dream. And it’s even more important to keep them broke.’ I gestured over […]
Read the rest of this entry »Is It America vs. China In A Tug Of War For Africa’s Oil? (Throwback Post: 2/25/08)
Throughout history, natural-resource rich Africa has been pillaged for her goods. The most recent international discussion concerning Africa’s oil resources, involves the intentions of two nations who are often considered to be rivals- America and China. When it comes to the mad dash grab for African oil, the question has arisen whether or not it […]
Read the rest of this entry »The Fly Or Die Commerce Report: Agflation Defined
According to Investopedia, agflation is: “An increase in the price of food that occurs as a result of increased demand from human consumption and use as an alternative energy resource. While the competitive nature of retail supermarkets allows some of the effects of agflation to be absorbed, the price increases that agflation causes are largely […]
Read the rest of this entry »Teenage Stock Broker
His mother told him he had to buy a share of Nike before he could have another pair of sneakers…Great parenting! Tweet
Read the rest of this entry »The Fly Or Die Commerce Report: What Americans Spend Their Money On
According to Money magazine, the Bureau of Labor Statistics states that Americans currently spend most of their money on housing and transportation. The Bureau of Labor Statistics breaks down the average percentage of annual spending as follows: 33% on housing 17% on transportation 13% on food 10% on retirement 10% on miscellaneous 7% on health […]
Read the rest of this entry »Dr. Umar Johnson Discuss Economics & Black People
Dr. Umar Johnson discusses why Black people do not economically thrive under the current economic structure, and the economic disparity that exists. Tweet
Read the rest of this entry »The Fly Or Die Commerce Report: Rule 72
“There is a law called Rule 72 (72 divided by interest equals the number of years to double investment) which most people have never been taught. It’s also unfortunate that in America you can receive an elementary, high school and college education and never be taught Rule 72. If you earn 1% on your money, […]
Read the rest of this entry »
