The latest product of the American public education system, I presume:
You would have enjoyed the way they did pot lucks in Cambodia. You could call it a Pol Pot luck.
Gold is, in fact, a poor hedge against inflation. Accounting for changes in the cost of living, gold has returned an average of minus 0.4% annually since 1980, versus positive annualized returns of 7.9% for U.S. stocks, 6.2% for U.S. bonds and 1.2% for cash, according to Prof. Spaenjers.1980, you say? I wonder how Prof. Spaenjers chose that starting point.
Newsom asked Californians to practice social distancing when performing such “necessary activities.”In this age of government by morons, I'm going to assume the more lenient of the conflicting statements wins.
“We’re going to keep the grocery stores open,” he said. “We’re going to make sure that you’re getting critical medical supplies. You can still take your kids outside, practicing common sense and social distancing. You can still walk your dog.”
As part of a forthcoming package of proposed tax cuts, the White House is considering ways to incentivize U.S. households to invest in the stock market, according to four senior administration officials familiar with the discussions.CNBC's Kayla Tausche, like her colleague Brian Sullivan, is a blithering idiot:
The proposal, one of many new tax cuts under consideration, would see a portion of household income treated as tax-free for the purposes of investing outside a traditional 401(k). Under one hypothetical scenario described by multiple officials, a household earning up to $200,000 could invest $10,000 of that income on a tax-free basis, although officials noted these numbers are fluid.
Money put into the account would be done so on an after-tax basis, and taxed when withdrawn as well; but any accumulation of profits during the investment timeframe, known as capital gains, would not be taxed.No, an accumulation of profits is not "known as capital gains." The accumulation of profits comes from both dividends and capital appreciation. Capital gains are taxed only when a position is sold. Tausche doesn't mention how dividends are treated, though they make up the vast majority of the "accumulation of profits" for low-turnover investors.
As shown below, when one strips out the change in government debt (the actual increase in U.S. Treasury debt outstanding) from the change in GDP growth, the organic economy has shrunk for the better part of the last 20 years.
Data St. Louis Federal Reserve
The latest product of the American public education system, I presume: Sure, socialism is just like a pot luck. You would have e...