Prediction #3 — 2018 foreign profit repatriation is a $591.8 BILLION taxpayer ripoff

When I started this series of 2018 predictions I said the recently passed U.S. tax law was going to have a profound impact on upcoming events. Having had a chance to look closer at the issue I am even more convinced that this seismic financial event is, as I wrote above, a $591.8 billion taxpayer ripoff. This is not to say there aren’t some possible public benefits from the repatriation, but it’s fairly clear that the public loses more than it will ever gain.

In case you don’t follow these things, multinational U.S. companies have, since 2005, squirreled away about $2.5 TRILLION in profits overseas because U.S. tax law […]

Net Neutrality will die, so let’s take the profit out of killing it.

The U.S. Federal Communication Commission, under the leadership of chairman Ajit Pai, will next week set in motion the end of Net Neutrality in the USA. This is an unfortunate situation that will cause lots of news stories to be written in the days ahead, but I’m pretty sure the fix is in and this change is going to happen. No matter how many protesters merge on their local Verizon store, no matter how many impassioned editorials are written, it’s going to happen. The real question is what can be done in response to take the profit out of killing it?  I have a plan.

The concept of Net […]

Will Trump avoid military action against North Korean ICBMs?

We’re just a blind man and an 11 year-old boy, but Fallon and I have been learning a lot about North Korean ballistic missiles and the news is sobering for a world already in crisis. Not only does North Korea have missiles capable of reaching the U.S. mainland, that has been a well known fact in intelligence circles (not just at our house) since early 2016. The North Koreans probably have a 10-20 kiloton nuclear device of deliverable size and even if they don’t it’s easy to send a dirty bomb instead. Our capability for monitoring such activity from space isn’t as good as we’d like or even as good as we already […]

Wikileaks finds a business model


1Within minutes of the electrons drying on my last column about the Wikileaks CIA document drop called Vault 7, Julian Assange came out with the novel idea that he and Wikileaks would assist big Internet companies with their technical responses to the obvious threats posed by all these government and third-party security hacks. After all, Wikileaks had so far published only documentation for the hacks, not the source code. There was still time! How noble of Assange and Wikileaks!

OR, Wikileaks has found a new business model. When organized crime offers assistance against a threat they effectively control it’s called a Protection Racket and is against […]

The CIA, WikiLeaks and Spy Versus Spy

Spy_vs_SpyAs pretty much anyone who reads this column already knows, WikiLeaks has dropped a trove of about 8700 secret documents that purport to cover a range of CIA plans and technologies for snooping over the Internet — everything from cracking encrypted communication products to turning Samsung smart TVs into listening devices against their owners. Two questions immediately arise: 1) are these documents legit (they appear to be), and; 2) WTF does it mean for people like us, who aren’t spies, public officials, or soldiers of fortune? This latter answer requires a longer explanation but suffice it to say this news is generally not good for anyone, not even for spies unless […]