Oxfam proposes wealth tax on anyone with $1 million or more in assets
Oxfam added that an annual wealth tax on millionaires of two per cent, and five per cent for billionaires, could generate US$2.52 trillion a year. Source: Oxfam tells Davos: Time…
Inflation: 8.3% YoY
I am so old, I remember only a year ago when the experts said inflation would be mild and temporary… CPI April 2022: Inflation barreled ahead at 8.3% in April…
Young take on excess debts with “buy now, pay later”
Don’t worry – in a few years, President Ocasio-Cortez will cancel these debts too! ‘Buy now, pay later’ sends TikTok generation spiraling into debt Heh – wasn’t kidding – Biden…
Why inflation is out of control?: “80% of All US Dollars in Existence Have Been Printed in Just the Last Two Years”
If you want to know the scope of the fiscal nightmare approaching, realize that since January 2020, the United States has printed nearly 80% of all US dollars in existence.…
Why go to college? :” Walmart to Pay In-House Truckers Up to $110,000″
Serious question – why invest so much in a 4-year degree that probably starts at far less and which has limited upside as well when you can make $100k as…
Economics “experts” were just as wrong as the epidemiology “experts”
Epidemiologists have been wrong about most everything pandemic related. The economists who said the government could print money without worrying about inflation – to cover the costs of the inept…
Probably: Government spending the cause of inflation?
The US government issued more stimulus money than needed. When economic output fell by $2.3T, the government spent $3 trillion to prop things up. That excess money leads to excess…
“Inflation is raging”
I’m so old, I remember when the experts said inflation was to be mild and to be short lived… :Fed Governor Waller says half-point rate hikes could be needed as…
Journalists fret over saving for retirement
Newer research suggests many of us with decent incomes "over saved" for future retirement options that may never happen. I am one of those people. For example, 93% of those…
May be inflation is greater than you think it is
This could be due to measurement error – and perhaps inflation (de-valuing of the dollar) really is that bad: Rosenberg: Historically, home prices go up one- to two percentage points…