Stumbled upon this chart of US corporate profits vs. corporate taxes. The important part isn’t the taxes, it’s the profits. (Note that this is nominal and doesn’t include inflation adjustment, not that American inflation numbers mean anything anyway.) Now let’s look at another chart. This one of his how much profit companies that produce actual […]
class warfare
It’s common to slap all the blame on Boomers, but it’s not really fair, though they certainly did plenty of harm. (Yes, some Boomers, elites are more to blame, yadda, yadda.) But it wasn’t just the boomers. The so-called Reagan Republicans included a ton of GI Generation and Silents. The issue is that the people […]
A friend of mine once used the metaphor of “The Lords of Hell” to describe most of the world. There are a few people with lots of money and power, a few billion people who live in constant fear of not having enough, and a billion or so who don’t have enough. There is more […]
The misunderstandings packed into this little bit of writing are stupendous: Over the past few years, China has been in deflation, while the US has been in inflation. Yet despite this stark divergence, the CNH has still depreciated more than 10% against the US dollar. This combination — falling relative prices in China and a […]
For a long time after the Industrial Revolution, many thinkers believed that automation would lead to us living lives of leisure. Twenty hour work weeks, or even less, and many people wouldn’t need to work at all, but would still live good lives. It never happened. Economists will tell you this is because there’s always […]
These two charts tell a story. First, the top .1%. Next, the top 1%. This chart is only to 2023. Now what you’ll notice is that the top .1% holds about half the wealth of the top 1%. It’s like this all thru the economy. Everything is flowing to the top, because that’s how the […]
I mean… Laura Ingraham: “Well, then why are people saying they’re anxious about the economy? Why are they saying that?” President Trump: “I don’t know that they are saying that. I think polls are fake. We have the greatest economy we’ve ever had.” pic.twitter.com/QDrM3Q4olu — RedWave Press (@RedWave_Press) November 11, 2025 Not to mention firing […]
We’re about 3 weeks into our annual fundraiser. Our goal is $12,500 (same as last year). So far we’ve raised $8,180 from 72 people out of a readership of about 10,000. If you read this blog, you’re usually ahead of everyone else. You know, years in advance, much of what’s going to happen. The intelligence […]
Despite all the flakiness and back and forth Trump’s actions have a unified purpose. Like the Democrats, but even more so, they disproportionately benefit the rich. (We’ll leave aside the pandemic response, which is complicated and an emergency.) This table is older, and based on the House version of Trump’s budget and tariffs, but should […]
The players are preparing to face off, but billionaire NFL owners are all on the same team.
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