This is how much America’s 15 richest people might save in estate taxes if the GOP tax bill passes. Enjoy, because you’re paying for it. 1. Bill Gates, $35.6 billion 2. Jeff Bezos, $32.6 billion 3. Warren Buffett, $31.2 billion 4. Mark Zuckerberg, $28.4 billion 5. Larry Ellison, $23.6 [...]
Posts Tagged ‘Economy’
October 15th, 2017 - 3:29 pm § in Donald Trump, Politics
What to expect from Trump’s appointment of a Fed chair
The Federal Reserve has enormous influence over the economy and financial markets. Most observers think it’s possible, but unlikely, that President Trump will reappoint Janet Yellen to another 5-year term as Federal Reserve chair when her current term expires in February 2018. Here’s who[...]
October 1st, 2017 - 2:23 pm § in Donald Trump
Trump adviser thinks kitchens and new cars cost $1,000
Trump’s economic adviser Gary Cohn says, “If you allow a family to keep another thousand dollars of their income, what does that mean? They can renovate their kitchen. They can buy a new car.” Cohn is peddling Trump’s tax “reform,” which of course is the standard [...]
September 23rd, 2017 - 1:21 pm § in Schools & Colleges
Why Uncle Sam should pay off everyone’s student debt
Republicans want to cut taxes by $1.5 trillion. If past practice is any guide, most of these tax cuts will go to the rich, who won’t invest it to create new jobs. (And if they did, it’s hard to see how they’ll fill them, because the U.S. economy already is at full employment and ha[...]
September 13th, 2017 - 10:41 pm § in Misc.
Status check: U.S. household debt
While U.S. household debt has regained 2008 levels, there is more income servicing that debt, and credit quality is better. “This means that the new peak in household debt is far less worrisome than the levels we saw in 2008 and more likely part of a much-needed boost in overall debt servicing[...]
July 17th, 2017 - 12:23 am § in Donald Trump, Hypocrisy
JP Morgan Says That The Trump Mess Is Hurting the US Economy
Dimon says ‘bad policies’ are ‘hurting the average American’ Nine years after Barack Obama began the effort to pull us out of the Bush era’s Great Recession, the US is in the ninth year of expansion. That should be great news but J.P. Morgan Chase & Co.’s outspoken CEO Jami[...]
June 21st, 2017 - 9:14 am § in Donald Trump
AFTER TRUMP: Ford Moves Jobs to China
Ford Motor Co. is moving production of its Focus model to China after production at its Michigan plant ends in 2019. Trump thanked Ford on Twitter for its decision to scrap the Mexican plant. The move, which Ford estimates will save it $500 million in production costs for the car, comes after Tru[...]
June 7th, 2017 - 10:33 am § in Misc.
CAPITALISM
CAPITAL is not the same thng as capitalism. The free market is important because it generates capital. The issue is whether we need lazy heirs and wasteful plutocruds to generate that capital?[...]
May 26th, 2017 - 1:21 pm § in Misc.
How Come It Is So EXPEN$IVE To Build Stuff In The US?
Construction costs are significantly higher in the US than other countries — but GOP refuses to investigate Construction costs in the United States are significantly higher than what Europeans pay, but when given the opportunity to look into the cause and ways to streamline costs, the GOP killed t[...]