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Biden attempts to consign trickle-down economics to the dustbin of history

Last modified on Thu 29 Apr 2021 12.41 EDT
Cut taxes on the rich. Unleash a wave of entrepreneurship. Growth will pick up and more jobs will be created. Everybody benefits. That, in essence, is trickle down – a theory of economics that Joe Biden wants to consign to the dustbin of history.
The US president was a young politician when the idea that cutting taxes on the well-off would be good for the poor first came into vogue in the 1970s. Now he has used his first address to a joint session of Congress to call on the US’s top 1% to pay for his $1.8tn (£1.3tn) American families plan – higher spending in areas such as education, childcare and infrastructure. ....

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If you're thinking about a holiday party in Virginia, here's the data on the coronavirus risks you're taking. - The Virginian-Pilot

If you're thinking about a holiday party in Virginia, here's the data on the coronavirus risks you're taking. - The Virginian-Pilot
pilotonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pilotonline.com Daily Mail and Mail on Sunday newspapers.

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If you're thinking about a holiday party in Virginia, here's the data on the coronavirus risks you're taking.

The analysis of how Christmas gatherings could raise the risk of spreading infections in the state comes from RAND Corp., which is providing data-based pandemic research to the Virginia Department of Health. ....

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The Finance 202: U.S. wealth just hit a new record, even as more people steal in order to eat

The Finance 202: U.S. wealth just hit a new record, even as more people steal in order to eat
Tory Newmyer
with Brent D. Griffiths
Americans collectively are richer than ever and getting more so. That fact would come as a surprise to tens of millions, including those who now have to steal to eat.
But the bottom line for the total household net worth in the United States continues to swell: It rose 3.2 percent in the third quarter to $123.5 trillion, a Federal Reserve report showed Thursday. The surging stock market accounted for most of the gain, padding overall wealth by $2.8 trillion over the three-month period. Rising real estate values and increased savings contributed, too. ....

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