Warren Buffet, in a recent interview with CNBC, offered one of the best quotes about the debt ceiling: “I could end the deficit in five minutes,” he told CNBC. “You just pass a law that says that anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible …
‘If you believe you are a citizen of the world you are a citizen of nowhere.’ Mrs May will pass into folklore with that line, just as Mrs Thatcher is remembered for ‘There is no such thing as society.’ It’s her own Mad May Queen utterance. And yet the sentence reveals a lot. It comes …
Part of a letter this morning from Patriotic Millionaires: – Before he beat Hillary Clinton, Trump beat the entire GOP establishment. Our friends in the Republican Party should think very carefully before they start ringing the victory bells. By no stretch of the imagination was this some kind of embrace of Republican ideology, rather it …
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“What’s the number one driver of inequality? It’s not immigrants taking jobs, as some would have you believe. And it’s not bad trade deals or cuts to public programs, although these certainly play a role. According to one important new study, lower taxes on the wealthy have been inequality’s prime driver. “One hundred years ago …
The American election and Brexit have illuminated one important point: “trickle down” economics have finally been exposed for the fraudulent nonsense it always was. The idea was that if you give the rich and the entrepreneurial their heads and allow them free rein to make money, their wealth will trickle down to mere mortals. Well, …
