Supreme Court Left the Door Open for a Wealth Tax. But It’s Still a Terrible Idea.
Progressives have lengthy imagined that huge riches may very well be infused into authorities coffers if solely they may tax Individuals not simply on their revenue, however on estimates of their complete wealth. Deal with individuals as in the event that they'd cashed in all their holdings at at present's worth and make 'em cough up a share to Uncle Sugar and politicians might simply roll within the proceeds. Final…
Doordash, Google AI, and French Wikipedia
Nice moments in unintended penalties—when one thing that feels like an ideal concept goes horribly fallacious. Watch the whole series. Half One: We Knead Dough The Yr: 2019 The Downside: Eating places aren't signing up for DoorDash. The Resolution: Show its worth by including eating places totally free—with out notification or permission. As soon as offered with the gross sales knowledge, eating places will enroll in droves! Seems like an ideal…
Why Did Americans Stop Caring About the National Debt?
Scroll all the way down to see how huge the nationwide debt could recover from the following few a long time, after which examine how we received right here. (Erin Davis) When President Joe Biden delivered his 2023 State of the Union handle, Washington was drowning in a sea of crimson ink. The annual finances deficit was within the means of doubling from $1 trillion to $2 trillion in a single…
Biden and Trump Attempt to Court Working-Class Voters
In 2024's already baffling presidential race, it appears solely becoming {that a} barroom brawl has damaged out over tipping. Former President Donald Trump jump-started the talk at a marketing campaign rally final month and seized media headlines by pledging to eradicate taxes on suggestions if he had been reelected. In prior a long time, this might need been disregarded as mere marketing campaign path bluster, however immediately, off-the-cuff remarks on…
Vivek Ramaswamy Debuts ‘National Libertarianism’ at NatCon 4
"I believe it has been determined, as clearly because it presumably could be, that America First is the long run path of the Republican Celebration," former presidential hopeful Vivek Ramaswamy tells me. Given the shut affiliation of "America First" with tariffs, industrial coverage, and calls to shut the borders, even to authorized immigration, this won't appear to augur promising issues for libertarians. However Ramaswamy sees two distinct reside prospects for…
California’s Minimum Wage Law Has Led Some Employers To Cut Hours, Hike Prices
Final September, California Governor Gavin Newsom (D) signed a invoice mandating a $20 minimal wage for quick meals employees. The brand new wage is among the many highest within the county, surpassing even Washington, D.C.'s $17.50 minimum wage. Whereas supporters touted the wage improve as a method to assist struggling Californians, detractors warned that restaurant homeowners would reply by shedding employees, chopping their hours, or dashing up the already beginning…
IRS Crackdown Nets Enough Revenue To Fund the Government for 90 Minutes
The Biden administration's costly efforts at beefing up the IRS' means to focus on wealthier People with unpaid federal taxes have lastly netted $1 billion in extra income. Or, to place it one other method, the yearlong marketing campaign has generated sufficient money to fund the federal authorities for…about 90 minutes. Do the mathematics. America spent about $6.1 trillion last year. That interprets to roughly $16.7 billion per day or…
The 2024 GOP Platform Promises To ‘Make America Affordable Again.’ So Why Are They Embracing Fiscal Insanity?
The Republican Nationwide Committee simply launched its 2024 platform. Whereas calling it a platform is a stretch, the listing of bullet factors provides an thought of what the potential subsequent Trump administration's targets are. This is one subject that needs to be entrance and middle: Finish inflation and make America inexpensive once more. To make sure, "make America extra inexpensive" could be an excellent slogan and an excellent goal. It…
Biden and Trump Are Both Disastrously Wrong About Tariffs
President Joe Biden and former President Donald Trump combat about every thing. However they agree about one factor: tariffs, the topic of my new video. Trump imposed tariffs on metal, aluminum, washing machines, photo voltaic panels, and different merchandise from China. Then Biden took workplace and slapped a one hundred pc tariff on Chinese language electrical autos. Now Trump says, if elected, he'll impose the tariff on all Chinese language…
Republican Platform Confirms Party Plan To Let Social Security Go Insolvent
As not too long ago as 2016, the Republican Occasion's official platform promised to take significantly the approaching insolvency of Social Safety and Medicare, America's two largest entitlement applications. "We reject the outdated maxim that Social Safety is the 'Third Rail' of American politics, lethal for anybody who would change it," that version of the GOP platform learn. "The Democratic Occasion nonetheless treats it that means, despite the fact that…
