The Trump administration says its new tariffs are aimed at combating forced labor. But the countries with the highest rates of modern slavery are largely exempt, while countries with the lowest rates are being hit with tariffs. So what are the tariffs really targeting?
Driven by speculative finance, stagnant wages, and AI hype, today’s tech-heavy economy mirrors the fragile plutonomy that collapsed into the Great Crash of 1929.
A recent Gallop poll shows Americans have a more positive view of income taxes than they have had in recent years (and the general view is more positive than you might have thought).
In response to the question, "Do you consider the amount of federal income tax you have to pay as too high, about right, or too low?", a majority (51%) thought it was either too low or about right (with 48% saying that it was about right):
Meanwhile, in response to the question, "Do you regard the income tax you will have to pay this year as fair?", a solid majority continued to say that it was fair:
I am not quite sure what to make of the fact that the percentage of people saying that their taxes are "fair" is ten to twelve points higher than the percentage of people saying that the amount they pay is "about right." Gallop claims that people are more likely to think that their taxes are "fair" during wartime. Go figure. --CS