Barry Ritholz maintains two stock indices: the Oligarch Index contains “companies that Trump liked” in his public communications; the Drain the Swamp index has “companies that Trump trashed.”
Since Trump took office, the S&P has gained 21%. The Oligarch index underperformed the market with 19.5% in gains. The Drain the Swamp indexRead More
By Cory Doctorow Tim O’Reilly has his finger on the pulse of technology and the people who make it in a way that is unmatched by anyone in the world; the publisher of the world’s best-loved computer books, the host of technology’s best-loved conferences, the convenor of the most important conversations about tech and itsRead More
The Republican tax plan will exempt the 0.2% of Americans who pass on estates of $5.49 million (each) to their heirs, a tiny elite that includes most of the Trump cabinet of one-percenter plutocrats; under the Senate proposal, that exemption would double.
The argument against inheritance taxes is that they’re “doubleRead More
America’s great stagnation includes a hardening of class divisions, with fewer and fewer poor and working class people raising children who rise to the middle class or even the one percent — a fact that strikes at the heart of the cherished American notion of rags-to-riches meritocracy where you rise to prominence on theRead More