A look at how dangerously dependent young people are on the web these days… and how they so badly lack the very basic life skills to succeed and be productive members of society. Plus what President Joe Biden’s student loan forgiveness teaches the indebted. And other stories from the week.
Because we don’t know who will be in the White House come January 2025 – let alone which party will control Congress – we also can’t know what to expect from the tax code. Trump’s 2017 Tax Cuts and Jobs Act are set to expire at the end of 2025. What does this mean? It means that we might all be paying a lot more in taxes in another two years… and not just on our paychecks. The hikes would potentially affect investment income as well as inherited estates. Freeport Society friend Jared Dillian of The Daily Dirtnap has an interesting take on this.
In stark contrast to the official numbers from the U.S. Bureau of Labor Statistics, the experience on the ground is disheartening. Unsurprisingly, the gig economy is expanding three times faster than the U.S. workforce. California Governor, Gavin Newsom, is determined to throw a wrench into this development…
Apart from the usual palm greasing, backroom deal making, and pretending to genuinely care about the people, let’s consider why the modern president deserves a day of celebration…
From Presidents with evil, red, glowing eyes to Russia doing business with Iran and paying for it in gold… this is one roundup you don’t want to miss.
It’s come to light that Russia is buying military hardware from Iran… and paying for it in gold. Not all global transactions are made in dollars, of course, and never have been. But is this Russian-Iranian transaction just a novelty…or could this be the proverbial canary in the coalmine of more trouble ahead for the greenback?
Sam Altman’s dream to raise $7T to further the development of AI is an impossible one. Still, we’re rooting for him because this country is built from impossible dreams. Unfortunately, our politicians are more interested in behaving like moody teenagers. So what’s an investor to do?
I really had second thoughts about publishing this. But frankly, it matters. And it’s something we should talk about. Vladimir Putin is a butcher. Yet, the man spoke some words worth heeding during his interview with Tucker Carlson…
Continued presidential election drama to the struggles “middle namers” face and the unreliability of government data, there’s a lot to parse from this past week.
AI is rapidly changing the world we live and work any. Dozens upon dozens of companies are restructuring and downsizing workforces to take advantage of the efficiencies AI affords. But is that a bad thing? Brian Hunt’s answer might surprise you.
