America

Authored by John Stossel via Townhall.com,

People want politics to be simple. Left vs. right. Clinton vs. Trump. My side vs. your side. Elect the right guy, and things will be good!

The truth is more complicated.

Influential political philosophies created the mess we live with today, not just a political "left" and "right." There's socialism, conservatism, populism, progressivism, liberalism, scientism (eugenics), Marxism, totalitarianism, nationalism, fascism, Islamo-fascism, Nazism and probably others I missed.

Update: Add Comcast to the list

#winning pic.twitter.com/QBForn6EeF

— Phil Kerpen (@kerpen) December 20, 2017

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Back in October 2016, the "millionaire, billionaire, private jet owners" of America's elitist, liberal mega-cities (A.K.A. New York and San Francisco) celebrated the tax hikes that a Hillary Clinton presidency would have undoubtedly jammed down their throats proclaiming them to be a 'patriotic duty'.  Unfortunately, now that Trump has given them exactly what they apparently wanted...an amazing opportunity to 'spread their wealth around"...they're suddenly feeling a lot less patriotic. 

While North Korea managed to once again drop off the list of immediate geopolitical concerns having kept relative quiet in recent weeks, without any notable provocations or ICBM launches, this may be changing soon, because according to the Telegraph, America is drawing up plans for a “bloody nose” military attack on North Korea to stop its nuclear weapons program. The UK newspaper's sources claim that the White House has “dramatically” stepped up preparation for a military solution in recent months amid fears diplomacy is not working.

While the jury will be out for years whether the Trump tax cuts will boost the economy (they already had an outsized impact on markets, pushing the Dow by nearly 5,000 points higher since Trump's election), there are several key problems that remain outstanding. The first one, as the following JPMorgan chart shows, is that all prior Republican tax cuts in US history took place when debt/GDP ratios were less than 40%.