Europe’s shadow economies are playing a silent, supportive game

Greece holds the record for the developed world’s most crooked economy. Even Germany and Scandinavian countries have huge shadow economies.  But only a small portion of EU shadow economies are linked to crime. Most EU black-market workers quickly recycle their earnings into consumption in the official economy, where they generate taxes again.

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More and more Americans are now on the dole

Last year, transfer payments from the government such as unemployment checks and Social Security burgeoned by $231 billion to $2.10 trillion. Meanwhile, the amount of taxes that individual Americans paid plummeted by $325 billion to $2.10 trillion as a result of middle-class tax cuts and because nearly 6 million people were thrown out of work and are no longer paying payroll taxes.

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When tech pirates strike

An epidemic of bogus chips, routers, and computers is costing the electronics industry up to $100 billion annually.

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