My twinster Jean pointed out this … uh … worthwhile? … application of generative AI.
Income vs. Wealth
Here’s something I meant to share a while ago. The way in which those who are very rich live on borrowed money, and pass their wealth on to their heirs tax-free, is clearly explained.
Someone else makes the typical unsubstantiated conservative argument that taxing the ultra-rich and regulating markets limits economic growth. As if a few individuals being incredibly rich, in and of itself, is somehow of benefit to the public at large.
No mention is made of taxing dividend income, as distinct from unrealized capital gains. Here’s information on that subject.
For further consideration, there is this installment of Freakonomics Radio. Jessica Riedl (formerly Brian Riedl) says the richest people pay the most in taxes. In terms of absolute dollars that’s true. However, they do that based on paying a much lower tax rate than most Americans. Which is a confirmation of just how rich they really are.
How Very Depressing
Paul Krugman, proving once again that Economics is indeed the Dismay Science.
The stench of corruption and dictator-worship is overpowering.
https://paulkrugman.substack.com/p/a-verdict-on-the-slaughter
Under Trump, even a Republican politician felt depressed. He should switch parties.
Missing US congressman explains mysterious four-month absence
Likewise, this lunkhead Democrat, who also received treatment for depression, should reconsider his political affiliation.
‘Do it for your child’: Fetterman opens ‘Trump Accounts’ for his kids
Marvel Man on the Mend
Wishing a very quick recovery for Joe Sinnott’s son Mark, who underwent successful coronary bypass surgery today.
Musk Unmasked
Elon reveals his true alien form as he gives marching orders to one of his secret, post-DOGE government deconstructionist work crews.
Driving Towards Oblivion
Another well-focused market analysis from CNBC. This time it’s about the trouble the American automobile industry is headed for, even without cars imported from China.