The DOW goes down by 210 points!

The Stock markets all over the world have seen dramatic movements both ways all over the year but none have seen the consistent negative reading that the Dow has been giving off late. Of course, it is not the Dow that is to blame but rather the investors are fast losing their faith on the US economy. Today saw the Dow Jones decline by about 210 points and according to many analysts, we should expect more of the same in the near future. The Freddie mac news of losing nearly 2 billion$ has hit the markets very hard and on top of that we had Countrywide declare some major losses as well and to make matters worse, we had the analysts downgrade Freddie mac which by the way has also led to its counterpart Frannie mae reporting huge losses as well. The stocks of both Freddie mac and Countrywide has taken quite a beating especially with the news that there may be some liquidity problems in Countrywide in the very near future.
Things are bound to get worse before they get better but the million dollar question is 'how much worse are things going to get to?'. Well, according to most economic analysts, they are going to get a whole lot worse and that what we are seeing now is nothing much compared to what is yet to happen. Of course, no one is a Nostradamus here and as such anything can happen in the future, but the fact of the matter is that as day by day goes and we keep hearing more and more bad news, we are all losing our confidence in the American economy!

economy,united states,share markets,dollar,

Why should we pay Tax?

No one likes the Taxman and paying taxes is not something that one would like to do regularly. The sad truth as to why the common man finds paying tax as pointless is mainly due to the incompetence of the politicians all over the world. As such the people all over the world are losing faith in their collective governments and the society as a whole.
So when a common man is asked to pay his or her tax, it is only natural that he or she will view it with suspicion, if the corresponding development were to take place and if such a development were to benefit the common man then he or she would naturally be much more willing to shell out a part of their pay to the government. The Tax disillusionment is one main reason as to why people are more prone to hide their money and assets than declare it to the tax man. It is not because they do not like the idea of paying tax, although that may be the main reason for some of them, but by and large, they really do not see the point in paying such a tax as they do not see much development taking place. Also the common man thinks that most of his or her tax dollars goes to the politicians pockets, so why should he continue to pay his tax? The year ending[ financial year] is not all that far away, just a few months down the line, and right after that, we have to declare our assets and pay our tax, for good or for worse,Personally I think that this system is not perfect and that there should be a system by which the government should explain as to what they are doing with our tax dollars[ I do not mean the budget], but rather explain to the public as to the spending and the expense bills that every politicians runs up to astronomical amounts. Am I right in asking this?