Washington DC provides stiff competition when it comes to stupid ideas related to policy, spending, and taxation as regular fare, but the idea to tax unrealized capital gains is a real doozie.
Secretary of the Treasury Janet Yellen explaining her taxation proposal, “Just give me and Joe all your money. You can trust us to be good stewards. We can spend it better than you.”
Every few years, the United States rubs up against its mythical “debt ceiling,” a number which must be approved by the Congress to enable the Treasury to use debt to pay our national bills and conducts a ritualistic charade of acting like fiscally responsible adults — a bloody Kabuki dance.
Speaker of the House Nancy Pelosi and Majority Leader Chuck Schumer discussing the debt ceiling in costume of Japanese Kabuki dancers.
The debt ceiling is the maximum amount of money the US Treasury has authority to borrow in the form of bond sales.
In looking at “things” I am always surprised that nobody seems to be able to find the “worst” companies out there. It seems like that should be an easy task.
I am not talking about companies that fail quickly in their infancy because the market spits the bit on their idea, but companies who fail because their monumental “success” is built on a foundation of feces. [In this instance, we are talking only $250,000,000 in funding, not quite WeWork $$$.]
Case in point? WeWork which was spotted from its genesis (by those who had a smidgen of real world, commercial real estate knowledge) as a horribly bastardized nightmare in an industry that has been around forever — FOREVER.
I wrote about the company, WeWork, some time ago.
I was critical at the time of its Messianic founder and his “real estate as a service” mantra. In retrospect, I could have been more critical and I was pretty damn critical. Continue reading
Comes now the data that suggests women are more likely to attend college — thereby becoming better educated — than men. Can this be true?
No way, Big Red Car.
Fine, dear reader, let me show you a graph:
Our Nation and society suffers from a horrendous shortage of three commodities:
Common sense — sound and prudent judgement based on a simple and practical assessment of facts.
Courage — the intellectual or moral strength to continue to act in the face of fear, danger, difficulty, and virulent opposition; and,
Critical thinking — the intellectually disciplined process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and/or evaluating information and data gathered from, or generated by, observation, experience, reflection, reasoning, or communication in order to develop wise opinions and to make sound, fact/data-based decisions.
If you have been doing your post-Labor Day investment reading, then you have likely been inundated with thousands of words on ESG — or as I like to call it, the Holy Grail of Ethical Investing.
Last week, our President Biden screamed his anger at America and its 80,000,000 un-vaxxed citizens giving voice to his growing impatience about the world of vax and imposing upon their employers a rule that will create a $13,600 “fine” for any company that employs more than 100 workers if any single employee is either not vaxxed or tested weekly.
Listen to me, you 80,000,000 unvaxxd morons, this is Joe the Uniter.
During the Afghanistan evacuation, the President, the Secretary of Defense, the Chairman of the Joint Chiefs, and the Pentagon spokesman sang the chorus, “There will be plenty of time after this to ask questions, but now is not the time.”
Well, dear readers, it is now that time — the Question Time to find out what went wrong in Afghanistan, who was holding the steering wheel, and who will be reprimanded and held accountable.
The Three Stooges of Kabul. Hire clowns, expect a circus.
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