Hence, America just demonstrated that Basic Income works and alleviates poverty. Given these results, I think a scheme such as failed presidential candidate Andrew Yang’s (D-New York) Freedom Dividend could lead to great prosperity in America.
America’s problems go far beyond police shootings and casual racism. Those who think being nice to black people and screaming “abolish the police” can solve America’s problems are living in fantasyland.
Given that potential reality, all investors need to get ready for a bumpy ride in the market. One way to prepare for that ride is to hold cash rich stocks with high margins of safety such as JPMorgan Chase & Company (NYSE: JPM). I think the banking system will survive, but that survival will be rough.
Thus, most Americans cannot afford to take time off from work without a paid leave.
Caring for an elderly; or a disabled, relative can be a fast ticket to poverty. For example, a single woman caring for her 80-year-old mother with dementia could have to quit her job.
There are several reasons Trump could fight Saudi Arabia’s war with Iran.
Diapers are a problem for the poor; because it costs between $70 and $80 a month to buy disposable babies for a baby, The National Diaper Network reports. Thus, it costs between $840 and $960 a year to buy disposable diapers for a child.
Thus, Yang is revolting against the elite and its agenda of culturism. To clarify, The Oxford Living Dictionaries describe culturism as a “Belief in the relative superiority or inferiority of certain cultures;” or, “discrimination or prejudice based on assumptions about culture.”
The technological jobs apocalypse will be a nightmare for educators and governments if these projections come true. For instance, 54% of employees will require significant re-skilling and retraining by 2022, The World Economic Forum speculates.
“Big Short” investor Michael Burry is predicting an index fund meltdown that could wipeout millions of Americans’ retirement accounts. Curry is legendary as the man who predicted the Great Meltdown…
Cutting the interest rates may not help real estate market. In fact, interest rates were already at 4.75% on 31 July 2019, which is low, The New York Times notes. To clarify, the average mortgage interest rate over the past 30 years was 6.25%. In contrast, Freddie Mac estimates the average mortgage interest rate was 3.75% on 1 August 2019. New home sales fell by 2% between June 2018 and June 2019, The New York Times estimates. Moreover, investment in residential structures has been falling for six straight quarters. Under those circumstances new home sales are below their post 2008 peak in 2017.
“The foreign policy of the United States has become detached from any defensible conception of U.S. interests and from a decent respect for the rights and dignity of humankind.” To counter that the Institute plans to bring left and right wing foreign policy critics together to craft a new foreign policy of restraint.