Norway’s wealth tax results in a drop in tax revenue
Their 1.1% tax on net wealth (not income) has led to the wealthy leaving the country and a dramatic drop in tax revenue.
Demographics: The coming population collapse
When I was born near the Baby Boom’s peak, many people worried that the population was growing too fast. Today, the shoe is on the other foot. All over the…
Economy: American’s spend half their food budgets eating out – crazy
Insane: Food services made up less than a quarter of consumer food expenditures in the 1950s; they passed 46% for the first time in October and seem destined to become…
Business, Demographics: Economists advocate more immigration to halt wage growth
“More immigration would help meet today’s excess demand for labor, which over time would limit wage and price growth,” wrote Gordon Hanson, an urban policy professor at Harvard and Matthew…
Economy: Who feels wealth?
Millennials are overwhelmingly more likely to say they feel wealthy — with 57% of those ages 26 to 41 saying they feel this way, compared with only about 40% of…
Demographics: NYC loses 5+% of its population
New York City has lost 5.3% of its population — nearly 475,000 people — since the start of COVID. And most of them are hunkering down in the South. Here’s…
Demographics, Education: University enrollments soon to decline too
This blog has documented the rapid rise of elementary school closures, which is now extending to middle and high school as well. Here in the U.S. this is just about…
Economy: If you like to review economic data, the Daily Chartbook is great
https://www.dailychartbook.com/ I subscribe – it’s free. They send periodic newsletters with lots of economic data and charts, presented in a readable format. Here is an example newsletter. Note – this…
Demographics, Immigration: Bloomberg proposes U.S. import nurses from other countries
The Bloomberg Editorial board proposes the U.S. should address a nursing shortage by importing more nurses – potentially hundreds of thousands – from other countries. (See Immigration Can Help Solve…
Doomerism: “The Art of the Doomer”
Many people focus on negativity, gloom and doom. We see this in many communities, especially online: – those who talk about the economy are non-stop gloom and doom – those…