The Daily Populous

Wednesday June 8th, 2022 night edition

image for Bezos Was Wrong, and Biden Was Right: Taxing the Wealthy Will Help Tame Inflation

Bezos said such policies don’t have anything to do with inflation, but he was wrong.

As for the corporate rate, Summers explained, it’s generally assumed “that every dollar of stock market wealth generates between 3 and 5 cents of extra consumption.”

“Everyone would agree,” Summers said, “that progressive taxes reduce demand by something.”.

“If you thought that the capital gains rate was going to go up in 2022,” Summers told me, “you would sell in 2021.”

Now we’re left with the inflationary effect of an expected tax hike without the tax hike itself.

When you’re even moderately rich, it’s never really a bad time to repaper the living room or to vacation in Crete.

That means it’s never really a bad time to increase five percenters’ taxes and discourage such inflationary consumption at the margins. »

Three abortion activists strip to underwear in protest during Joel Osteen church service

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Three abortion activists stripped down to their underwear in protest to interrupt a Sunday service at pastor Joel Osteen's Texas megachurch.

The video footage of the protest quickly went viral over Twitter and the 11 a.m. service's live stream has since been taken down.

This article originally appeared on USA TODAY: Abortion activists strip to underwear in Joel Osteen church service. »

E3 video game convention will return in 2023, says parent company

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It’s June, which in nearly any pre-2020 year would mean a cavalcade of new video game announcements with a loud red-and-yellow “E3” logo slapped on them.

Despite a dire stretch, the organizing body behind E3, the Entertainment Software Association, says it hasn’t thrown in the towel just yet.

Since 1995, the Los Angeles-based convention has served as the video game industry’s annual epicenter for major product announcements. »

The New Energy Order

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If countries retreat into strategic energy blocs, a multidecade trend toward more energy interconnectedness risks giving way to an age of energy fragmentation.

This shift is bound to invite comparisons to the 1970s, when excessive government intervention in energy markets exacerbated repeated energy crises.

Instead of dialing back the government’s role in energy markets, Nixon dialed it up, and the cure proved worse than the disease. »