Independent thinking for complex markets and current events
Meanwhile the spacex preIPO coin drops 80%. Anyone who puts money in this is going to lose their shirt and then their pants. View post on imgur.com More than 4,400 current and former SpaceX employees are likely to become millionaires in the I.P.O., according to an analysis by Hill.com, a San Francisco-based investment platform. Of …
Top 1% already shoulder 48% of all NYC income taxes while $14 billion in income flees to Florida. Let me get this right: people bust their ass, make something of themselves, and earn a bunch of money, and you want to take it from them and give it to somebody else? Better yet, your NGOs …
Everything got more expensive and it never came back down. This keeps feeding consumer fatigue and eventually shows up in slower spending. From coffee to home prices, costs are up everywhere Here’s Yahoo Finance’s snapshot of how some everyday costs have ballooned. A 16-item basket of groceries made up of staples like eggs, bread, and …
On a long enough timeline every state in America is going to be Californicated. — Autism Capital 🧩 (@AutismCapital) March 11, 2026 Factcheck: Washington state “millionaires tax” is advancing, but it hasn’t fully become law yet. The Washington State House of Representatives approved a bill (SB 6346) that would create a 9.9% income tax on earnings …
🇺🇸 The “Trump Accounts” plan from Trump and Scott Bessent estimates are insane! For a baby born this year: – If parents max out contributions → ~$303,800 by age 18, and a massive $1,091,900 by age 28.– If parents contribute NOTHING → still $5,800 by 18 and $18,100 by 28.… https://t.co/GEkezPZvwQ pic.twitter.com/gTGhEMpa4F — Mario Nawfal …
Cities with most millionaires. byu/Lionheart9207 inInfographics
The University of Michigan Consumer Sentiment index has moved down to 55, a reading below 99% of historical data points going back to 1952. But at the same time, US Retail Sales grew 4.8% over the last year, outpacing inflation by 1.8%. We’ve never seen a disconnect this wide between what the US consumer is …
https://www.youtube.com/watch?v=uDoScVW93lA Crime is now so out of control in California, that formerly well off business owners and home owners are losing everything they have. Now governor Newsome wants to send in crime fighting ‘teams’ just days after telling president Trump, no extra resources are needed. Journalistic report. Includes news footage for purposes of commentary, criticism …
This is textbook corruption in America – A group of multimillionaires from New York moved and bought beachfront property in a small town called Boca Grande, Florida– The beach is public and the only way to access it for the local residents is to go to the island, park and enjoy… pic.twitter.com/JGy18Qcs7Y — Wall Street …
Last week, Lindy Li, a Democrat megadonor who served on the DNC finance committee, said that no one from the Kamala Harris campaign is taking responsibility for the absolutely massive amount of campaign cash that vanished into thin air in a matter of weeks. Now, she is calling for a formal accounting of where the …
The tax has brought in $800 million more than the state expected. The state of Massachusetts passed a 4% tax hike on residents making over a million a year in 2022, which took effect in 2023. The tax has raised more revenue than lawmakers originally expected and provides free school lunches for the state’s children. …
JPMorgan Chase (JPM) CEO Jamie Dimon has a plan to reduce America’s $35 trillion national debt—but it may not be welcomed by the country’s wealthiest. America’s public debt is increasingly capturing the attention of economic experts who warn that Uncle Sam’s spending is unsustainable and the economy simply isn’t growing quickly enough to keep up …
According to the Henley Private Wealth Migration Report 2024, the UK is expected to experience an unprecedented net loss of 9,500 millionaires in 2024. This places the UK as the second-largest loser of millionaires globally, trailing only behind China. Notably, this figure is more than double the 4,200 millionaires who left the country last year, which itself was a record-breaking exodus …
Most millionaires are just average people in a normal house that have been saving, living frugally, and spending wisely for the last 50 years. They’re the people that never lease a car, have never owned a new car, avoid debt when they can, pay debts off early, and don’t buy anything that shows money. “Feeling …
This week I reintroduced my Ultra-Millionaire Tax. It’s time for millionaires and billionaires to start paying their fair share. pic.twitter.com/CKD9al3cuK — Elizabeth Warren (@SenWarren) March 22, 2024
via CNBC: Millionaire investors are adding to their mountains of cash, betting on higher interest rates and weak stock markets in 2023, according to the CNBC Millionaire Survey. More than a third of millionaire investors, 34%, report keeping more of their money in cash, according to the survey, which surveys households with $1 million or …