Author: Georgia McKoy

World leaders, including officials from the United States, are addressing the pressing concern of global warming. An integral part of the discussion is the potential implementation of a carbon tax. John Kerry’s Vigorous Advocacy for Carbon Tax Source: Getty Images When discussing prominent advocates for the carbon tax, John Kerry’s name stands out. As President Joe Biden’s appointed “special climate envoy”, he tirelessly championed the carbon tax, viewing it as a pivotal strategy. For Kerry, it’s a method not just of curbing emissions but of ensuring that environmental responsibility is at the forefront of policy making. Areas of Significant Impact…

In recent news, Kentucky resident Daniel Reffitt experienced a life-changing event just as the holiday season approaches. Reffitt won a substantial amount of $500,000 from a scratch-off game, an event that surely brought an early Christmas cheer to him and several others. The Moment of Purchase Source: Emilliano Vittoriosi/Unsplash The pivotal moment occurred at a vending machine outside the Meijer grocery store situated on Houston Road, Florence, Kentucky. Daniel Reffitt was caught in a moment of indecision about which scratch-off game to try his luck with. His choice settled on a Precious Metals Titanium ticket, which costs $20 per ticket,…

In the vast sea of advice regarding retirement savings, one rarely explored topic is the potential downside of saving too much. Many strategies help individuals manage their finances for retirement, but an excessive savings approach may lead to missed opportunities during one’s prime years and even higher tax liabilities during retirement The Underexplored Consequences of Oversaving Source: Max Harlynking/Unsplash Saving too much for retirement, although it sounds counterintuitive, can potentially have negative implications. Studies indicate a decline in expenditure as people age, partly due to a shift in priorities and reduced joy derived from activities that were pleasurable in their…

Recent murmurs surround a Pennsylvania court ruling concerning former President Donald Trump’s immunity. Let’s unpack the layers to distinguish fact from fiction and understand the implications. The Origins of the Claim Facebook’s Viral Wave Source: Dr. Steve Turley/ Youtube The Catalyst Amidst a swarm of online narratives, a Facebook video claiming a Pennsylvania judge’s declaration of Trump’s sweeping immunity captured vast attention. It’s crucial to sieve through such claims to get to the root of the truth. Sifting Through Legal Jargon Civil vs. Criminal Source: Getty Images A core component in understanding the ruling lies in distinguishing between civil and…

It’s important to understand the proper tipping etiquette when dining out or grabbing a drink. Service industry workers, including waiters, baristas, and bartenders, work hard to provide excellent service and rely on tips as a significant part of their income.  This article aims to highlight some common tipping habits that may be considered annoying by service industry workers and provide additional guidance on appropriate tipping practices. General Tipping Guidelines Source: Sam Dan Truong/Unsplash The Emily Post Institute recommends tipping 15-20% for sit-down wait service and $1-$2 per drink or 15-20% of your total tab for bartenders.  While it’s not mandatory…

Home Depot, a giant in the home improvement retail sector, has consistently been a favorite go-to spot for homeowners during the warmer months of spring and summer. Historically, these seasons record a flurry of activity, with people seeking both renovation products and cooling solutions.  However, this year the narrative seems to have shifted. The latest data points to a significant downturn in the number of shoppers gracing the aisles of Home Depot this season. Home Depot Reports Continued Drop in Sales Source: Getty Images The company’s recent financial performance has raised eyebrows. For starters, the first quarter of the 2023…

Warren Buffett, a highly successful investor globally recognized for his financial wisdom, emphasizes the importance of addressing common financial pitfalls. By doing so, individuals can make more informed decisions that will ultimately ensure that their money is put to good use and serves them well in the long run. Acknowledging and addressing these financial pitfalls is crucial for long-term financial success. Neglecting Personal Development Source: Austin Distel/Unsplash Buffett highlights the importance of investing in oneself as a key component of financial success. By enhancing one’s skills and education, individuals can significantly increase their earning potential. Furthermore, knowledge and abilities are…

The White House is requesting an additional $4 billion to address natural disasters, bringing the total to $16 billion. This increase reflects the escalating costs imposed on U.S. taxpayers due to the intensification of wildfires, flooding, and hurricanes during a period of climate change. Initial Request Was $12 Billion Source: Getty Images The Biden administration initially requested $12 billion for the Federal Emergency Management Agency’s (FEMA) disaster relief fund, which aids in rescue and relief efforts. However, recent disasters in Hawaii, Louisiana, Vermont, and Florida necessitated an increase to $16 billion. Criswell Initially Thought $12 Billion Was Enough Source: Getty…

In 2023, retirees may face changes in Social Security benefits that could significantly affect their income. With more than 170 members of Congress backing proposals to raise the full retirement age, the financial landscape for retirees is shifting. Additionally, the Old Age and Survivors Insurance (OASI) Trust Fund is nearing depletion, which makes reevaluating spending more important than ever. Rethinking the Need for Multiple Vehicles Source: FBO Media/Pexels Retired couples often find that the second car, which was indispensable during their working years, is now a financial burden.  Eliminating the second vehicle can save on loan payments, insurance, maintenance, and…

Donald Trump, the former President of the United States, is reportedly holding $425 million in cash. With a recent indictment on criminal charges, there is speculation about the fate of this substantial amount. Will it be consumed in legal fees, or will it remain unaffected for future use? Third Indictment for Trump Source: Getty Images On August 1, a federal grand jury indicted Trump with four criminal charges related to attempts to overturn the 2020 elections. This marks his third indictment during a presidential campaign and ongoing fundraising efforts, raising questions about the potential impact on his financial standing. Save…