Category: Finance

(photo: MHM55)

In the labyrinthine world of high-value art, not all masterpieces spend their days adorning the walls of museums or luxury homes. Some find themselves in the less glamorous, albeit strategically advantageous, confines of art freeports. These storage facilities, often located near airports or in tax-friendly jurisdictions, are the art world’s open secret, a place where the wealthy can store valuable pieces—sometimes indefinitely—away from the prying eyes of tax authorities. This article sheds light on the enigmatic world of art freeports and their controversial role in the realm of tax evasion.

I’m a professional managed care contract negotiator for a major health system in the US who also teaches health administration classes at a local university. Let me try to be comprehensive:

1. There’s a difference between what’s price and cost. Hospital prices are what hospitals charge for a service. Like any other business, charges include the direct costs (supplies, clinician time, etc.) and indirect costs (power bill, departmental overhead, etc.). Included in the indirect cost is always an amount to cover uncompensated care. This is cost incurred by people who can’t or don’t pay their bills, and it’s re-allocated into future pricing, creating inflated charges, which are reported as the “price” for healthcare services in the media and quoted by politicians. edit In addition, government programs with set payment systems (i.e Medicare, Medicaid) often cover some, but not all of the direct cost of care. This too is passed on in the pricing.

You see mom/son/friend, you need to have self custody. You’re your own bank. Cold wallet and hot wallet. Seeds in three copies, none of them on the computer or your phone. Two locations is a must.

But first you need to buy the crypto you want on a CeX. Preferably a reputable one which you think is safe. Which one is that? Right now, none of them seems like it. But I digress.

You need to do the KYC procedure in order to do business on a CeX. Yes, that does take a week or so. Yes, they can not accept your KYC. Yes, they can ask for your Internet invoice for the last 3 months.