Now, as Sen. Bernie Sanders notes, billionaires pay “the same amount of Social Security taxes as someone making $147,000 a year.”
Recent Items
Tuesday, January 20, 2026
‘Time to Scrap the Cap’: Sanders, Warren Bill Targets Rich to Expand Social Security
Topics: Free markets and their discontents, Guest Post, Income disparity, Politics, Social policy, Taxes, The destruction of the middle class
Posted by Yves Smith at 9:55 am | 68 Comments »
Links 6/10/2022
Topics: Guest Post, Links
Posted by Lambert Strether at 6:58 am | 195 Comments »
Spain Faces Energy Blowback, As Its Largest Natural Gas Provider, Algeria, Breaks Commercial Ties
“Seldom in the history of Spanish diplomacy… has a foreign policy initiative had such disastrous results,” as Spain loses its grip on diplomatic relations with Algeria at the worst possible moment.
Topics: Guest Post
Posted by Nick Corbishley at 6:42 am | 13 Comments »
As U.S. LNG Expands in Europe, a Hidden Threat Grows
Researchers and experts are warning about the danger of naturally occurring radiation in LNG to workers and communities in the US and Europe
Topics: Doomsday scenarios, Energy markets, Environment, Europe, Guest Post, Politics, Regulations and regulators, Risk and risk management
Posted by Yves Smith at 5:25 am | 24 Comments »
The US War in Europe Isn’t Hot Enough – Dropping the Climate Bomb on Russia
Thane Gustafson in Klimat, Russia in the Age of Climate Change, says a lot about Russian energy and metals despite not consulting any experts
Topics: Banana republic, Dubious statistics, Energy markets, Environment, Garrulous insolence, Guest Post, Politics, Russia
Posted by Yves Smith at 5:24 am | 37 Comments »
January 6/Capitol Seizure House Select Committee Hearings Live Blog/Open Thread
Enjoy!
Topics: Guest Post, Politics
Posted by Lambert Strether at 7:30 pm | 131 Comments »
2:00PM Water Cooler 6/9/2022
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 86 Comments »
Global Supply Chains Rattled by Winds of War
An analysis of the concentration of key commodities in supply chains shows why the Russia sanctions are having some outsized effects.
Topics: Auto industry, Commodities, Economic fundamentals, Europe, Globalization, Guest Post, Legal, Russia, Science and the scientific method, The dismal science
Posted by Yves Smith at 9:55 am | 17 Comments »
Links 6/9/2022
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 137 Comments »
The Tricky Question for Russia of How Far to Go
Why Russia has some tough decisions in the offing.
Topics: Doomsday scenarios, Europe, Politics, Russia
Posted by Yves Smith at 6:54 am | 134 Comments »
Housing Bubble Getting Ready to Pop: Mortgage Applications to Purchase a Home Drop to Lockdown Lows, “Bad Time to Buy” Hits Record amid Sky-High Prices, Spiking Mortgage Rates
The increase in interest rates is finally denting mortgage and housing activity of all sorts.
Topics: Economic fundamentals, Federal Reserve, Guest Post, Investment outlook, Real estate
Posted by Yves Smith at 5:41 am | 27 Comments »
How Will American Oligarchs Keep Control?
It’s easy to forget that at the end of the Roman Republic, the Republic did end. Will our oligarchs engineer a similar regime change?
Topics: Doomsday scenarios, Free markets and their discontents, Guest Post, Income disparity, Politics, Social policy, The destruction of the middle class
Posted by Yves Smith at 4:56 am | 80 Comments »
2:00PM Water Cooler 6/8/2022
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 101 Comments »
Primaries Are Getting More Crowded with Candidates, and That’s Good News for Extremists and Bad News for Voters
Mainstream politicians and voters are concerned that extremists are gaining ground. Maybe they should focus on the disease, not the sympoms.
Topics: Free markets and their discontents, Globalization, Guest Post, Income disparity, Politics, Social policy, Social values, The destruction of the middle class
Posted by Yves Smith at 9:55 am | 19 Comments »
Links 6/8/2022
Topics: Links
Posted by Yves Smith at 6:55 am | 183 Comments »



