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During an interview with Nexstar Media that took place on Tuesday and was released on Wednesday, President Joe Biden stated that inflation “is being stubborn and not going down to the 2% we need. But, it’s significantly different,” than where it was and “the thing that really affects people’s lives are all the small things that add up to big numbers for people, all these junk fees.” Nexstar Washington Correspondent Reshad Hudson asked, “[R]ight now, for many Americans, life is too expensive. Are you concerned that stubborn inflation will hurt your re-election bid?” Biden responded, “Well, look, we’ve brought down...

As President Joe Biden visited Scranton, Pennsylvania, on Tuesday, he called for an increase in taxes on the rich. “When I look at the economy, I don’t look at it through the eyes of Mar-a-Lago,” Biden said during his speech. “I look at it through the eyes of Scranton.” Biden explained that he wanted to make the tax code fair, in order to allow regular American citizens to keep more money in their pockets. In an attempt to make the tax code fairer, Biden suggested a 25% minimum tax rate for billionaires, while slamming former President Donald Trump for being...

A new report from the Federal Trade Commission suggests grocery giants used inflation and supply chain disruptions during the pandemic to drive their profits and keep raising prices. Now, the agency is urging Congress to take a closer look into grocery profits. The data shows food prices in the United States spiked 11% between 2021 and 2022, the largest annual increase in over 40 years. News4JAX asked local consumers about their current spending Friday. “Everything. Everything. Everything that I can think of that I need, you know, it’s expensive,” a consumer said. The prices at the grocery store are high....

Seems like a plethora of historical examples would be ample evidence, but the average leftist isn’t really the thinking type. The dirty little secret about the wealth distribution of the leftist ruling class is that they only redistribute the wealth—to themselves. Have you ever considered why leftist ruling-class leaders are extraordinarily rich while they also preach wealth redistribution? And why is it that leftists never bring this up? Look at the evidence down through history and around the world, and you will see the same pattern repeated with every leftist regime. Let’s begin with the now-defunct USSR, which was supposed...

President Joe Biden plans to launch a raid on the super rich, hiking taxes for corporations and billionaires like Elon Musk and Jeff Bezos. White House officials said the steps were part of a proposed 2025 budget to be released next week, and aimed at reducing the federal deficit by $3 trillion over 10 years. The tax plans are expected to form a core part of Biden's re-election campaign, contrasting markedly with presumptive Republican nominee Donald Trump, whose 2017 'Tax Cuts and Jobs Act' slashed taxes on companies and the wealthy.

“We’re excited to be co-chairing the president’s new Strike Force on Unfair and Illegal Pricing, which builds on the FTC’s far-reaching work to promote competition and tackle unlawful business practices that are inflating costs for Americans,” FTC Chair Lina Khan told reporters on a call Monday.

According to mythology, Hades made King Sisyphus roll a huge boulder endlessly up a steep hill in Tartarus. Unfortunately, the modern day version of Sisyphus is the middle class pushing a boulder endlessly up a steep hill while the top 1% (the elite class) horde more and more wealth. An example of the Sisyphus economy? The top 1% of earners (blue line) have seen an incredible increase in net worth, particularly after Fed Chair Alan Greenspan’s big rate cuts (green line) from 2000 to 2004. Each subsequent rate cuts under Bernanke (2007-2008) and Yellen (who just kept rates too low...

There’s apparently no end to how far the mainstream operatives will go in their quest to destroy the virtues of the West, and a USA Today article published last week is a prime example.The man behind the piece, Daniel de Visé, essentially implies that anyone not born into tremendous wealth doesn’t have a chance at success, and those who are rich only got that way by mere circumstance and birthright, overtly implying that capitalism has caused this problem and that, we must work harder for equality.There are huge problems with de Visé’s article, but I will do my best to...

President Joe Biden’s approval rating is tanking, and he’s now trailing former President Donald Trump in national polls, as well as in some key swing states. Vox blames the economy for Biden’s plunging popularity — or at least voters’ perception of the economy. A new Gallup poll shows that just 32% of people approve of Biden’s handling of the economy. To combat the narrative that Biden’s policies are to blame, the White House has gone on the offensive, attacking billionaires and blaming corporations for the economic pain the public is experiencing.

As we have reported the IT whistle blowers (aka white hat hackers) tasked with stress-testing the Financial Reset CSRQ-SM Software immediately too issue with the disturbing, exclusionary class system being implemented. They did not agree with it, and they have blown the whistle. Over the course of many months, they searched different individuals to learn about their classification and took screenshots of these results.

Robert Kapito, the president of asset management behemoth BlackRock, earns about $20m a year and is worth around $400m. You can buy a lot of fancy trinkets with that kind of money but alas it doesn’t seem to purchase much self-awareness. We are in the middle of a cost of living crisis, with low-income households disproportionately affected by the highest inflation in 40 years. People are struggling to heat their homes and worrying about feeding their families thanks to rocketing food prices. Kapito’s reaction to all this? To complain to a bunch of energy executives about how entitled young people...

WASHINGTON — The Biden administration and congressional Democrats are moving toward dropping their push to raise corporate and individual income tax rates to pay for their sprawling domestic policy bill, instead drafting a plan that includes new ways to tax the wealthy and multinational corporations, according to people familiar with the discussions..... Mr. Biden had proposed paying for those programs by raising the top individual income tax rate to 39.6 percent from 37 percent and the corporate rate to 28 percent from 21 percent. Administration officials have said privately in recent weeks that they believed Ms. Sinema would eventually support...

In recent years, long-term trends in economic inequality have attracted growing attention from social scientists, which also reflects civil society’s increasing awareness of the deepening economic disparities. In this context, particular attention has been paid to the share of the total income or wealth earned/owned by the top of the distribution – usually the top 1%, 5% or 10% among individuals or households. The share of the top richest is both interesting per se (as it is informative of “how rich” the better-off are), and as an indicator of the overall trends in economic inequality. New time series of wealth...

Last Friday, the Department of Education announced another extension of COVID-19 emergency student loan forbearance, which allows the 92 percent of student debtors whose loans are backed by the federal government an additional six months without making any payments. Loan forgiveness is often packaged as a benefit for those on the lower half of the income spectrum. Senator Elizabeth Warren, for example, tweeted her two cents on Monday, calling for “#CancelStudentDebt.” During her failed run for the presidency, her campaign website justified total cancellation as a benefit to the working and middle classes. Avowed class warrior Bernie Sanders has also...

Thirty-two years ago, on June 4, 1989, Chinese troops killed and arrested thousands of pro-democracy protesters in Beijing's Tiananmen Square, putting an end to demonstrations that began that April. Microsoft's Bing has no memory of an iconic moment from that time: there's no record of Tank Man – the lone protester who faced down a column of tanks – in Bing's image search index. ... Just as this article was about to be published, we saw that at least one photo of the Tank Man can be seen in Bing search results again albeit not very prominently. ...

Amazon CEO and founder Jeff Bezos and the heirs to Walmart have made approximately $116 billion during the pandemic even as their employees have made a fraction of that in hazard pay, according to a Brookings Institution report. Jeff Bezos and the Walmart heirs, the Walton family, have made 35 times the amount their companies gave to more than 2.5 million workers in pandemic-related hazard pay, according to the December Brookings Institution report. Amazon and Walmart have given significantly less than competitors such as Best Buy, Target and Costco.

'Joe Biden's voters really are a threat to you and your family' The mainstream media was “outraged” by Mark and Patricia McCloskey’s remarks at the Republican National Comvention, yet the riots in Kenosha, Wis., proved that Democrats really are a threat to America's safety, Tucker Carlson argued Tuesday. The McCloskeys spoke out against protest violence in suburban neighborhoods and claimed Democrats have declared war on the middle class. The “Tucker Carlson Tonight” host said the media simply couldn’t handle the truth. “The usual all-moron panel swung into action to denounce them, [saying] 'everything the McCloskeys said was totally untrue' ......

Top tech leaders and other billionaires would be forced to hand over billions of dollars in wealth they've gained during the coronavirus pandemic under a new bill introduced by Sens. Bernie Sanders, I-Vt., Ed Markey, D-Mass., and Kirsten Gillibrand, D-N.Y. The "Make Billionaires Pay Act" would impose a one-time 60% tax on wealth gains made by billionaires between March 18, 2020, and Jan. 1, 2021. The funds would be used to pay for out-of-pocket health-care expenses for all Americans for a year. As of Aug. 5, the bill would tax $731 billion in wealth accumulated by 467 billionaires since March...

Andy Ngô @MrAndyNgo Incredible. @OregonGovBrown & @tedwheeler let Portland city councilwoman @JoAnnPDX spread reckless disinformation in a presser today. Without evidence, she asserted that white nationalists & white supremacists infiltrated peaceful protesters to riot & loot downtown.

Tony Timpa wailed and pleaded for help more than 30 times as Dallas police officers pinned his shoulders, knees and neck to the ground. “You’re gonna kill me! You’re gonna kill me! You’re gonna kill me!” After Timpa fell unconscious, the officers who had him in handcuffs assumed he was asleep and didn’t confirm that he was breathing or feel for a pulse. As precious minutes passed, the officers laughed and joked about waking Timpa up for school and making him waffles for breakfast. Body camera footage obtained Tuesday by The Dallas Morning News shows first responders waited at least...