Class Warfare Archives - Market Mad House

Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

daniel November 24, 2016November 24, 2016 10% federal sales tax, 45% Trump tax increase, Class Warfare, Donald Trump’s War on the Working Class, Financing Government and the Rich on the backs of the Working Class, How Donald’s Tariff will hurt the Working Class, How Hillary Clinton Enabled Trump’s War on the Working Class, Only the Left will benefit from the New Class Warfare, Trump’s War on the Working Class

Donald Trump’s War on the Working Class

To add insult to injury Trump wants to shift the tax burden to the working class. He’s proposed lower income taxes for individuals and business in other words the rich and upper class.

Those plans – if enacted – would cut tax revenues by $6 to $7 trillion, CNN Money reported. Some of that would be made up by the tariff penalties Trump wants to impose on some imported goods, including a 10% tariff on all imports. That would effectively be a 10% federal sales tax that everybody; including those who don’t pay the income tax would pay.

Market Insanity

daniel October 18, 2016 Class Warfare, mass transit deductible, U.S. income tax system, UberPool, UberPool deduction, Warren Buffett, Why the US Government Considers Uber “Mass Transit”

Why the US Government Considers Uber “Mass Transit”

Believe it or not the United States government considers Uber “mass transit.” Americans can use federal tax credits to pay for a ridesharing service called UberPool.

daniel May 8, 2016May 9, 2016 Class Warfare, Digitalization, Hard automation, How Technology Drives Income Inequality, Income inequality increases, killed large numbers of jobs, made income inequality worse, Technological underemployment, Technological Unemployment, Technology creates income inequality, technology destroys jobs, Technology Drives Income Inequality

How Technology Kills Jobs and Drives Income Inequality

The idea that technology destroys jobs, impoverishes people and makes income inequality worse is a hard one to swallow, particularly

daniel November 21, 2015March 5, 2016 America’s “poorest white town, Class Warfare, failed economic policies, Income Inequality, John Maynard Keynes, The Ghost of John Maynard Keynes in Beattyville, Total Economic Collapse, totally dysfunctional economy, Why the Presidential Candidates Ignore the Poor

Why No Presidential Candidate Will Visit Beattyville

Judging by the candidates’ responses, it will take a violent upheaval of some sort on behalf of poor whites simply to attract the attention of the media and the political elite. One just hopes our leaders respond to that upheaval with compassion and common sense and not with bayonets and tanks.

daniel November 7, 2015May 8, 2016 Bernie Sanders might be necessary, bloodbaths of history triggered by income inequality, Can Bernie Sanders save Capitalism ?, Can Bernie Sanders save Capitalism from Itself?, Class Warfare, Could Sanders Prevent a Revolution?, History Teaches Us that Income Inequality can Lead to Revolution, Income Inequality can Lead to Revolution, income inequality leads to violence, Nick Hanauer, societies that tolerate income inequality are doomed to revolution, somebody like Bernie Sanders might be necessary to save, somebody like Bernie Sanders might be necessary to save America from itself, somebody like Bernie Sanders might be necessary to save capitalism from itself

Can Bernie Sanders save Capitalism from Itself?

For the last few months, this blog has shown some sympathy for the presidential bid of U.S. Senator Bernie Sanders

daniel October 4, 2015March 5, 2016 Class Warfare, Class Warfare and Race, Class Warfare in Colorado, England’s Class Warfare, England’s Class Warfare Is America’s Future, Income Inequality, Income Inequality and the New Class Warfare, Income inequality could be the most destructive force in the United States today, New Class Warfare, Sudden Influx of the Poor, Targeting the Middle Class, The Majority of Americans Are No Longer Middle Class, the New Class Warfare

Income Inequality and the New Class Warfare

You can see the recipe for class warfare here. Most Americans can no longer afford the American Dream. The potential for social unrest and violence, particularly from those that fall through the cracks, is great. One result is open class warfare, often with ugly racial overtones.

The Death Spiral

daniel September 21, 2015May 8, 2016 2015, Class Warfare, Dollar General (NYSE: DG) reported that its revenue was growing at a rate of 7.87%, high end retailers like Nordstrom (NYSE: JWN) are prospering, Income Inequality, Macy's Closing, Macy's Plans to Close 40 Stores, Middle Class Dying, Mr. Money Mustache, Nordstrom reported a revenue growth rate of 9.11% on July 31, Retail Apocalypse, Retailers are dumping the Middle Class, The Middle Class is Dying, Wage Stagnation, Wages show why Retailers are dumping the Middle Class

Retail Growth Rate Raises Serious Questions about “Economic Recovery”

These major retailers are either standing still or worse experiencing shrinking retail. At a few of them such as Sears and Aeropostale revenue is actually in free fall. These numbers show us two very frightening things folks, first the retail apocalypse is heating up and getting worse and second consumer spending is dismal.