Staunch Hillary Clinton supporter (and vehement anti-Trump-er) Warren Buffett had a better year than any other billionaire on earth... thanks to Donald Trump.
Buffett's net worth is up around $12 billion this year - with the majority of his gains coming in the weeks since Trump was elected - sending him up the ranks to become the 2nd richest man in the world (behind Bill Gates).
Submitted by Charles Hugh-Smith via OfTwoMinds blog,
It will be the middle class that accepted the notion that "real estate is the foundation of family wealth" that will be stripmined by higher taxes on immobile assets such as real estate.
Correspondent Joel M. submitted an article that struck me as a harbinger of the future: In Greece, Property Is Debt:
Submitted by Michael Shedlock via MishTalk.com,
Donald Trump wants to lower the corporate tax rate on foreign profits from 35% to 10%.
Would another tax holiday create jobs?
The New York Times says “Not Necessarily”
President-elect Donald J. Trump has said he would like to create a “tax holiday” so that American companies can bring back profit that was generated overseas at a lower rate. In his view, this influx of cash will create jobs.
Submitted by Patrick Buchanan via Buchanan.org,
Did the community organizer from Harvard Law just deliver some personal payback to the IDF commando? So it would seem.
By abstaining on that Security Council resolution declaring Israeli settlements in the West Bank and East Jerusalem illegal and invalid, raged Bibi Netanyahu, President Obama “failed to protect Israel in this gang-up at the UN, and colluded with it.”
Submitted by Alice Salles via TheAntiMedia.org,
The end of the year is approaching, and data concerning government abuses of power has begun pouring in.
According to Facebook’s Global Government Requests Report, government’s requests for Facebook account data rose 27 percent in the first half of 2016.