Have you ever wondered about how the Government and the Tax Man conspire to limit the effectiveness of your money?
This article from Laphams Quarterly, about a financial instrument in another jurisdiction (a long term compound interest account) was a bit of an eye-opener for me.
Obvious to even a first year secondary maths whizz, the long term effects of compound interest are held in check by many things, not least of which might be DIRT in this jurisdiction.
Its just more ways the government and the banks have of NOT letting your money work for you.
http://www.laphamsquarterly.org/essays/trust-issues.php?page=1
This article from Laphams Quarterly, about a financial instrument in another jurisdiction (a long term compound interest account) was a bit of an eye-opener for me.
Obvious to even a first year secondary maths whizz, the long term effects of compound interest are held in check by many things, not least of which might be DIRT in this jurisdiction.
Its just more ways the government and the banks have of NOT letting your money work for you.
http://www.laphamsquarterly.org/essays/trust-issues.php?page=1