Note that the $4 trillion the President spoke of Wednesday is spread out over eight and ten years, for more like $400 billion a year. Huge — but less than 2% of our GDP.
Is that too much to revitalize our infrastructure? To reverse the 40-year trend toward ever-increasing inequality?
The three richest Americans have a combined net worth greater than the bottom 160 million, according to Tax The Rich. That’s not a criticism of those three largely-great men; but it does suggest some recalibration may be in order.
Have a great weekend!
Quote of the Day
The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.~H. L. Mencken
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- May 13:
From The Right And The Left
- May 12:
The Magic Kingdom Of Inequality
- May 11:
Can We Compete With China
- May 10:
Cap’n Joe And Crypto
- May 7:
Money You Can REALLY Afford to Lose – A Tale Of Two Barry’s
- May 6:
“Think About That For A Second”
- May 4:
Slouching Toward Authoritarianism
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The Man In The Center Of It All
- Apr 30:
Ladies And Gentlemen . . . The President of the United States
- Apr 29:
The Lower Courts, Too . . .
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