Tag Archives: income

Berkshire Hathaway (BRK-A, BRK-B) Vice Chairman Charlie Munger on Saturday declared progressive Vermont Senator Bernie Sanders (I-VT) the victor in the nation’s political fight over income inequality. The hot economy and loose monetary policy will end up narrowing the nation’s wealth gap, Munger predicted. “With everything boomed up so high and interest rates so low, what’s going to happen is the millennial generation is going to have a hell of a time getting rich compared to our generation,”… Source link

Bloomberg Reluctant Emerging Asia Could Delay Rate Hikes Until 2022 (Bloomberg) — Emerging Asia’s central banks are expected to opt for supporting their economic recoveries rather than tackling volatile price swings this year.All eight emerging Asian economies, including India and Indonesia, are seen holding benchmark interest rates steady through 2021, according to the median forecasts from Bloomberg surveys of economists.Higher real interest rates will allow some of Asia’s central banks… Source link

Joe Biden didn’t campaign for president as a tax-cutter, but his first big legislative package is turning into a bigger tax cut than the landmark tax bill President Trump signed with great fanfare at the end of 2017. The $1.9 trillion American Rescue Plan includes at least four provisions that will lower Americans’ 2021 tax bills by an average of $3,360, according to the Tax Policy Center. The 2017 Trump tax cuts only cut the average household’s tax bill by $1,600 per year. There’s… Source link

TipRanks 2 “Strong Buy” Dividend Stocks Yielding at Least 7% A number of factors are coming together in the market picture, and indicate a possible change in conditions in the mid-term. These include increases in commodity prices, specifically, oil prices, which have rallied recently. In addition, the January jobs numbers, released earlier this month, were disappointing at best – and grim, at worst. They, do, however, increase the chance that President Biden and the Democratic Congress… Source link

Former Democratic presidential candidate Andrew Yang made his first appearance as a New York City mayoral candidate on Thursday, proposing a basic income program for the city’s poorest. “We will launch the largest basic income program in the history of the country,” Yang stated. “We will lift hundreds of thousands of New Yorkers out of extreme poverty, putting cash relief directly into the hands of the families who desperately need help right now.” Yang’s plan, a modified version… Source link