Was doing some searching on Investopedia today and came across some terms you might find interesting. Investopedia always yields results that are informative and often revealing. Investopedia is a subsidiary of Forbes We're calling this post "some business terms of endearment".
For example the term of the day is "sin tax".
For example the term of the day is "sin tax".
"What Does Sin Tax Mean?
A state-sponsored tax that is added to products or services that are seen as vices, such as alcohol, tobacco and gambling. These type of taxes are levied by governments to discourage individuals from partaking in such activities without making the use of the products illegal. These taxes also provide a source of government revenue.
A state-sponsored tax that is added to products or services that are seen as vices, such as alcohol, tobacco and gambling. These type of taxes are levied by governments to discourage individuals from partaking in such activities without making the use of the products illegal. These taxes also provide a source of government revenue.
Investopedia explains Sin Tax
Sin taxes are typically added to liquor, cigarettes and other non-luxury items. State governments favor sin taxes because they generate an enormous amount of revenue and are usually easily accepted by the general public because they are indirect taxes that only affect those who use the products. When individual states run deficits, the sin tax is typically one of the first taxes recommended by lawmakers to help fill the budget gap."
Of course, in Massachusetts we hear almost daily the rewards that may come from building casinos. As in the various state lotteries, citizens voluntarily tax themselves for a chance to "hit it big" and then these "sin taxes" benefit the state coffers. Of course there are side effects and consequences, but also moments of hope and pleasure. Many institutions beside the state benefit. Many local businesses have seen revenue gains but also many paperwork demands and monitoring, such as in the area of selling cigarettes.
Back to Investopedia we came across the "buzzword" "affluenza". You've heard of influenza and your need for an annual flu shot. No such shots for affluenza. Here's what Investopedia says about this condition:
Sin taxes are typically added to liquor, cigarettes and other non-luxury items. State governments favor sin taxes because they generate an enormous amount of revenue and are usually easily accepted by the general public because they are indirect taxes that only affect those who use the products. When individual states run deficits, the sin tax is typically one of the first taxes recommended by lawmakers to help fill the budget gap."
Of course, in Massachusetts we hear almost daily the rewards that may come from building casinos. As in the various state lotteries, citizens voluntarily tax themselves for a chance to "hit it big" and then these "sin taxes" benefit the state coffers. Of course there are side effects and consequences, but also moments of hope and pleasure. Many institutions beside the state benefit. Many local businesses have seen revenue gains but also many paperwork demands and monitoring, such as in the area of selling cigarettes.
Back to Investopedia we came across the "buzzword" "affluenza". You've heard of influenza and your need for an annual flu shot. No such shots for affluenza. Here's what Investopedia says about this condition:
"What Does Affluenza Mean?
A social condition arising from the desire to be more wealthy, successful or to "keep up with the Joneses". Affluenza is symptomatic of a culture that holds up financial success as one of the highest achievements. People said to be affected by affluenza typically find that the very economic success they have been so vigorously chasing ends up leaving them feeling unfulfilled, and wishing for yet more wealth.
A social condition arising from the desire to be more wealthy, successful or to "keep up with the Joneses". Affluenza is symptomatic of a culture that holds up financial success as one of the highest achievements. People said to be affected by affluenza typically find that the very economic success they have been so vigorously chasing ends up leaving them feeling unfulfilled, and wishing for yet more wealth.
Investopedia explains Affluenza
Affluenza is arguably present in the United States, where the culture is one that prides itself on possessions and financial success. Mainstream media outlets, such as television broadcasts, tend to show how pervasive the idea has become.
While affluenza cannot be quantified easily, those wishing to avoid the condition should look to be the master of, not a slave to, the things they have or wish to obtain."
Now it could be argued that "sin taxes" and "affluenza" are related and that the recent stock market collapse was also related leading to near bankruptcy in many states, the bailout of major financial institutions such as CitiGroup, JP Morgan Chase, Goldman Sachs, and Fannie Mae, as well high gas prices, mortgage foreclosures and 10% national unemployment, 10.6% /in Pittsfield. Of course "playing the market" could viewed as a form of gambling. Individual losses have wreaked havoc on state revenues and pillaged state pension funds.
We encourage you to get a daily dose of Investopedia. We end today's post with the phrase "a ton of money" Do you know what a ton of money is? According to Investopedia:
Affluenza is arguably present in the United States, where the culture is one that prides itself on possessions and financial success. Mainstream media outlets, such as television broadcasts, tend to show how pervasive the idea has become.
While affluenza cannot be quantified easily, those wishing to avoid the condition should look to be the master of, not a slave to, the things they have or wish to obtain."
Now it could be argued that "sin taxes" and "affluenza" are related and that the recent stock market collapse was also related leading to near bankruptcy in many states, the bailout of major financial institutions such as CitiGroup, JP Morgan Chase, Goldman Sachs, and Fannie Mae, as well high gas prices, mortgage foreclosures and 10% national unemployment, 10.6% /in Pittsfield. Of course "playing the market" could viewed as a form of gambling. Individual losses have wreaked havoc on state revenues and pillaged state pension funds.
We encourage you to get a daily dose of Investopedia. We end today's post with the phrase "a ton of money" Do you know what a ton of money is? According to Investopedia:
"What Does A Ton Of Money Mean?
A slang term used to describe a significant amount of money. The amount implied typically depends on the person, company or situation.
A slang term used to describe a significant amount of money. The amount implied typically depends on the person, company or situation.
Investopedia explains A Ton Of Money
We may all have a different idea of what constitutes a "ton of money", but according to the Bureau of Engraving and Printing, a ton of $1 bills amounts to $908,000 - nearly $1 million!
If you're talking about a ton of coins, then it's a different story - a ton of quarters is worth $40,000, and one ton of pennies (363,000 pennies to be exact) is worth $3,630."
A weighty matter for the end of March or something to think about when April 15 comes.
We may all have a different idea of what constitutes a "ton of money", but according to the Bureau of Engraving and Printing, a ton of $1 bills amounts to $908,000 - nearly $1 million!
If you're talking about a ton of coins, then it's a different story - a ton of quarters is worth $40,000, and one ton of pennies (363,000 pennies to be exact) is worth $3,630."
A weighty matter for the end of March or something to think about when April 15 comes.
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