The Wealth Tax Revival Is Repeating A Failed Experiment
Wealth taxes promise to extract revenue from those least likely to feel the pinch while sidestepping the political toxicity of raising taxes on ordinary earners.
Economy
TIPP Poll data on Americans' perception of the economy is the foundation for this section. Topics covered include U.S. consumer confidence, consumer sentiment, job market, economic growth, recession, financial stress, economic outlook, personal financial outlook, federal economic policies. We also cover trade, taxes, and debt. Our TIPP economic optimism index, financial stress index, job sensitivity metrics, and other polling on current economic issues drive the discussions.
The Importance Of Teleology In Understanding Economic Inequality
Yet, for several decades, economists have been less concerned with the causes of productivity and more concerned with wealth distribution.
California Creates A Black Market For Tires
Supposedly the rule will help consumers pocket extra cash due to the tires’ low rolling resistance.
Sanctioning The Dollar Iran Already Left: Why Bessent’s ‘Economic D-Day’ Is Toothless
The entire architecture of what Bessent has branded “Operation Economic Outcast” rests on a single assumption — that Iran and its trading partners need the U.S. dollar.
Canada Weighs Tariffs, Energy Restrictions In Trade Fight With Trump
Prime Minister Mark Carney is expected to impose matching tariffs on U.S. goods, potentially targeting steel, dairy, appliances, agricultural equipment, paper and electronics
One Bad Week
Despite promising to reduce government spending in all three of his presidential campaigns, President Trump, with the assistance of congressional Republicans and Democrats, has continued to grow the government debt.
Canada Announces Retaliatory Tariffs; Trump Proposes ‘Lake America'
“The United States is giving serious consideration to changing the name of Lake Ontario to Lake America in that we don’t expect to [be] doing much business with Ontario any longer,” Trump said on social media Tuesday morning.
Core Inflation Holds At 3.3% In July
The personal consumption expenditures price index increased 0.2% from June and rose 3.7% over the year.
Lies, Damned Lies, And A $40 T Debt
“Wars, the bursting of the dot-com bubble, and tax cuts sent budgets off course in the early 2000s.”
Higher Mortgage Rates Put Fresh Pressure On Homebuyers
The average rate for a 30-year fixed mortgage with a conforming balance rose to 6.78%, up from 6.77% the previous week
What Investors Are Watching Before The Fed’s Key Inflation Report
The benchmark 10-year Treasury yield was little changed at 4.647%, while the 30-year yield stood at 5.181%. The 2-year yield was also steady at 4.199%.
Macroeconomic Data Is Really A Tool For Government Intervention
In reality, goods and services are not produced in totality. Every individual is preoccupied with his own production and consumption of goods and services.
Central Banking: The Scourge of Civilization
Unfortunately, Apple’s customers are very demanding and want the real things, so the build operations will have to stay.
US Consumer Confidence Slips Amid Elevated Gas Prices
Americans’ assessment of current economic conditions improved slightly, but expectations for the coming months deteriorated.
Did Hakeem Jeffries Discover The Price Of ‘Free’ Health Care?
Asked recently on NBC’s “Meet the Press” whether he supports “Medicare for All,” Jeffries replied that it is “not legislation that I am currently co-sponsoring or that I support.”