Ever notice how the media likes to introduce billionaires as if their wealth alone makes them fascinating? You’ll rarely hear about their actual credentials (or lack thereof). It’s as if hoarding obscene amounts of money is a job title. And yet, these billionaires don’t just sit on their mountains of cash; they actively use their … Read more
The investigative journalists at ProPublica somehow came into possession of a trove of leaked IRS tax documents for America’s billionaires which show just how little they pay in taxes in relation to their ostentatious wealth, sometimes paying nothing. First, an aside: (Sigh) CNBC reports, Attorney General Garland vows billionaire tax leak to ProPublica will be … Read more
The caption is a play on President Bill Clinton’s oft-quoted line “the era of big government is over.” People always forget that it was immediately followed by “but we cannot go back to the time when our citizens were left to fend for themselves. We must go forward as one America, one nation working together, to meet … Read more
On Thursday, the United States reached a grim milestone of 4 million coronavirus cases, doubling the total number of infections in just six weeks as deaths and hospitalizations continue a sharp rise in many states. The rolling seven-day average of infections has doubled in less than a month, reaching more than 66,000 new cases per day … Read more
President Trump cites massive tax cuts, his signature legislative achievement (sic), among wins that should dissuade voters from supporting his impeachment, and supporting his reelection. But several conservative economists now say the Trump tax law, which turns two years old Sunday, so far has fallen short of its central promise to spread prosperity broadly — just … Read more