Independent thinking for complex markets and current events
The Biden administration is classifying some of the country’s most elite and exclusive locales as “low-income” areas, making them eligible for electric vehicle (EV) charger subsidy programs. The administration’s EV charger tax credit program — made possible by the Inflation Reduction Act (IRA), President Joe Biden’s signature climate bill — is specifically designed to route …
More than 20 migrants were filmed storming the beach on Wednesday morning and disappearing into the southern California enclave, where homes go for a median price of $2.2million. More than 42,000 asylum seekers were released in San Diego from October through December, 2023 – an average of 637 a day, as reported by The San …
by Michael For a long time, it has been clear that the middle class is being systematically destroyed. The cost of living has been rising faster than paychecks have for years, and this has pushed millions of Americans into poverty. As for those that were already impoverished, many of them have been pushed out into …
An IRS crackdown on wealthy taxpayers has now brought in $160 Million in back taxes. The IRS also estimates that hundreds of billions more could be raised by enhanced audits of high-earners and corporations. The IRS is sending a message to wealthy taxpayers who may be tempted to engage in tax evasion. Do you think …
Why are we sending $14.5 billion to Israel? Israel is an extremely wealthy country. They can afford to pay for their war and buy all the weapons they need. Israel doesn’t need military aid. They need weapons, which we can sell them. But they don’t need financial aid … at all. https://t.co/4xiC94LmRH — Wall Street …
The Internal Revenue Service plans to hire thousands of new workers as part of its sweeping plan to crack down on potential tax violations by wealthy Americans. The tax-collecting agency announced Friday that it plans to fill more than 3,700 openings nationwide to “help with expanded enforcement work focusing on complex partnerships and large corporations.” …
The Democratic Party of my youth was the party of the poor and working class. Today it is the party of the wealthy elite. 70% of American wealth is owned by Democrats vs 30% by Republicans. 9 of 10 wealthiest counties are Democrat. https://t.co/8q18rv6SUu — Robert F. Kennedy Jr (@RobertKennedyJr) August 10, 2023 I am …
https://twitter.com/NorthmanTrader/status/1685201566196748289 https://twitter.com/NorthmanTrader/status/1685637032415043585 “Why the Federal Reserve has made everything more expensive to make things less expensive” actual title of article by NBC, they to on to call this “A little bit of science and a little bit of art” Clownworld is authoring its own satire at this point. NBC News engages Orwell mode and puts …
BofA is going after the wealthy consumers. Where is everyone else going? Smaller banks…..or nowhere. https://t.co/jNYVgLamE7 — Lisa Abramowicz (@lisaabramowicz1) July 18, 2023
The FDIC “mistakenly” releases complete version of a document showing U.S. government spent $12,700,000,000 to bail out 10 wealthy depositors amid banking crisis in March. “10 depositors had $13.3B in SVB, that’s why the FDIC bailed them out. (Spoiler alert: They were Chinese accounts) This wasn’t about systemic risk, it was about bailing out the billionaires …