Politics

Authored by Paul Brodsky via Macro-Allocation.com,

Writing and distributing weekly observations is a fascinating study in sociology. Our audience is highly educated and accomplished, mostly from the US, Canada and Western Europe. Though each recipient shares the same personal anxieties as everyone else in society, the professional hardship most of us have each day is how best to allocate accumulated wealth. It is, as they say, a high-end problem.

Last week the Republican party was at arms after Axios reported that Steve Bannon was said to be pushing president Trump to raise taxes on the wealthiest Americans. According to the website, Trump’s chief strategist was urging to raise the top tax rate on individuals, with Axios saying the former Breitbart CEO looking for the top rate to have “a 4 in front of it” (currently, the highest income-tax bracket in the US is 39.6% for individuals earning more than $414,000 a year).

Following North Korea’s first confirmed test of a medium-range ICBM earlier this week, the hermit kingdom and the US have continued to trade provocations and threats, with the North warning on Sunday that the bombing drill led by two US B-1B Lancers in South Korea on Saturday risked sparking an all-out nuclear conflict on the peninsula.

While the avalanche of Leftist furore over the fact that President Trump did not wrestle Putin to the ground, make him admit that he is responsible for Hillary not getting elected, and that he is 'not my president' was to be expected - no matter what occurred during the meeting between the two world leaders; it is the Republicans that have come outswinging in the last 24 hours against the idea of any rapprochement  - specifically discussions around a joint cyber security unit...

Excerpted from 'The Hamilton Hustle' via The Baffler, authored by Matt Stoller,