A venture that loses billions of dollars and is run entirely by a person who routinely says crazy things doesn’t sound like a trillion-dollar company, but Wall Street seems to think otherwise.
If Donald Trump actually wants to compensate someone whose prosecution was politically motivated, he could look no further than the guy who leaked his tax return.
Dean Baker sits down with Amy Hanauer, Executive Director of the Institute on Taxation and Economic Policy, to expose how loopholes like carried interest were deliberately built to protect fortunes and make working people foot the bill.
Concentrated billionaire ownership of media, not just campaign spending after Citizens United v. FEC, is becoming one of the biggest threats to democratic politics and independent news.
The rules governing bankruptcy and taxes are deliberately structured to protect firms like Bain Capital and KKR, allowing private equity to build enormous fortunes while shifting the costs onto everyone else.
The Trump administration has offered shifting explanations for the war on Iran. Do any of them make sense?
The White House has floated the idea of suspending the federal gas tax. This move would hardly help consumers, and it would starve the country of much-needed infrastructure funding.
Kevin Warsh may face a humiliating first Fed meeting if he pushes Trump’s rate cuts against the rest of the committee.
Past tech and housing crashes suggest that if the AI bubble bursts, economists will likely miss the warning signs again.
Elon Musk’s calls for a universal high income contradict his repeated claims that the government cannot afford Social Security and Medicare.
