This article discusses the escalating fiscal crises in California and Chicago, focusing on proposed tax policies targeting the wealthy. It highlights the dangers of punitive wealth taxes and new corporate levies, which risk driving high-income individuals and businesses out of these states. The author criticizes these measures as shortsighted and potentially catastrophic, emphasizing how they could worsen economic decline and urban decay. The article also examines the political motivations behind such policies and their historical context, warning of the broader implications for major American cities if these trends continue.
Tags: big government, Bubble, chaos, Collapse, Dangerous, debt collapse, dollar demise, Donald Trump, economic riot, finance riot, Iran, market crash, Middle East, money supply, national security, risk, supply chain, US, violence, White House, World War IIIThe Strait of Hormuz as a Global Tinderb...
It can be a shock shopping for a new car these days.The pandemic shortages are over. Dealer lots are stocked. Customers can find the colors and options they want.But prices have never been higher – and the auto loans bigger and longer than ever to make it pencil out.The average sticker price fo...
The federal government shutdown is approaching the second longest on record and there’s no end in sightShutdown impact: What it means for workers, federal programs and the economyBy KEVIN FREKINGAssociated PressThe Associated PressWASHINGTONWASHINGTON (AP) — The federal government shutdown is...
In the course of three days, six U.S.-based scientists have won Nobel Prizes. Every one of them studied or now works at America's public universities. Five were affiliated with or educated by California's system for higher education.President Donald Trump's assault on universities, both public...
During a high-stakes Asia tour, President Trump met with Xi Jinping amid escalating nuclear tensions, announcing the resumption of nuclear testing and securing trade agreements. The summit highlighted shifting diplomacy, with promises from China on rare earth exports and fentanyl controls, amidst complex geopolitical developments involving Russia and regional allies. Trump expressed optimism about the future of US-China relations despite underlying tensions and global security concerns.
President Donald Trump described his meeting with Xi Jinping as highly successful, announcing plans to reduce tariffs on China and secure agreements on Chinese imports of American soybeans and rare earth exports. The two leaders discussed trade prospects, cooperation, and maintaining peace amid ongoing economic tensions. Despite optimism, underlying rivalries and tensions between the US and China continue, with both sides managing volatility through temporary agreements. The meeting, held in South Korea, signals a potential pathway toward improved relations, though challenges remain.