Tag Archives: Recovery

What hath the Pandemic Wrought?

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So, we’ve been talking how President Biden is going to start having the IRS begin investigating pass-through businesses and other ventures the rich use to harbor their wealth.  He is going to start to examine the net bank deposits of these firms- to see if there is any hiding of profits from the IRS.

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Things are better- but it’s where you live that matters

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We talked about the desecration of the American Dream yesterday.  As I said, before Reagan assumed the presidency, the 1%ers garnered 7% of after tax income in the US. 28 years later, that share had multiplied by 2.5X- so that the 1%ers collected 17% of the total income.

Continue reading Things are better- but it’s where you live that matters

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