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The GOP Tax Bill: Consequences Not Unintended

Since Trump’s tax bill was passed, publicly traded corporations have announced $88 billion in share buybacks (twice the previous rate). Separately they have announced $2.5 billion in bonuses for employees. So basically, less than 3% of the benefits of the tax cuts were passed along to the employees, and 97% of the benefits are accruing to the 1%. Anyone surprised? Further,¬†around 40% of the stock market is owed by...

Gun Insanity

Gun rights in 2018: “The federal government briefly enacted a rule that people who were receiving Social Security benefits for mental illness and had been deemed unfit to handle their own financial matters could not buy a gun. But Congress passed, and Trump signed, a law overriding that one year ago.”