Down where I now live in Arizona, we had waters issues. No shortage of water. Just issues with the quality of the water. There is a large abundance of water near us. Apparently, there was an event where E. coli bacteria got into the potable water system. Supposedly, this occurred around the 25th of August. […]
A partial of a much larger report. The complete report can be found here. As taken from: Americans for Tax Fairness “Sick Profits.” This portion of the article looks at the differences in profits and where those profits are going. The additional profits (mostly gained from tax breaks) are not going to reductions in healthcare […]
It’s been fashionable to beat up on blue states for their high taxes. But if taxes were the only reason people and companies decided where to locate, why are Boston, San Francisco and New York City not just deserts? I didn’t realize until we moved here that Rhode Island has been the long-time home of […]
The right of Trump to impose tariffs at will and without Congressional approval is headed to the SCOTUS. What’s the odds that the tariffs will be overturned? Turns out there’s a market in tariff refunds if the SCOTUS rules against Trump: “In July the US government brought in $29.6 billion in tariff revenue compared to […]
Trump slapped a 50% tariff on Brazilian coffee. Guess that will show them! “China has approved 183 new Brazilian coffee companies to export products to the Chinese market, according to a social media post of the Chinese embassy in Brazil on Saturday. “The measure, a boon to local exporters after the United States government’s announcement […]
The dollars are rolling in to the federal government coffers from tariffs. And Trump is claiming victory. “Indeed, Trump has routinely cited the tariff revenue as evidence that his trade approach, which has sowed uncertainty and begun to increase prices for consumers, is a win for the United States. Members of his administration have argued […]
Speaking at a Breitbart event, Treasury Secretary Scott Bessent crowed about the new “Trump Accounts” in which the the parents or employer can contribute up to $5000/year. The funds are to be structured like IRAs and must be invested in portfolios tied to U.S. stock indexes. Quoth Bessent: “In a way, it is a backdoor […]
One of the icons of right-wing fairytale economics is the Laffer Curve. It purported to show that if taxes were raised too high, the tax income would fall. Casual inspection revealed that there were no labels on the ordinate or abscissa, so it was impossible to say at what level of taxation “too high” occurred. […]
A bit of Forest Gump, Paul Krugman and tariffs this Sunday morning. And as usual, dealing with Trump is a deal where you never know what you are going to get or be in the deal. “My mama always said, ‘Life was like a box of chocolates. You never know what you’re gonna get.’” Movie: […]
Recently, Trump said he was “thinking about” ending capital gains taxes on home sales. Who benefits? “The biggest beneficiaries of such a change will likely be longtime homeowners in the country’s more expensive housing markets. “Removing or increasing the capital gains limit — currently $250,000 for single homeowners or $500,000 for married couples — on […]