Summary
Phil introduces Tax Freedom Day (TFD) as a cycle indicator. TFD measures the cumulative tax burden per year. In Western nations, TFD extends (blows out) as the real estate cycle heats up, then recedes when the cycle extreme hits and recession begins. E-book available on the PSE site. Phil notes the top 5 weapons buyers are G7 nations, and those who collect the most Economic Rent sit atop most governments.
Key Claims
- Tax Freedom Day extends as the cycle heats up and recedes at cycle extremes. — confidence: high
- The pattern is consistent across most Western nations. — confidence: high
- Top 5 weapons buyers are G7 countries. — confidence: high