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Oligarchy careful not to criticize Trump

As tens of millions of Americans hustle to pay their taxes, Trump has put the entire global economy into chaos. 401(k)s are tanking, savings are shrinking, treasury bonds are losing value, supply chains are convulsing. Even America’s oligarchs are petrified. They contributed millions to Trump’s inauguration. Many invested heavily in his campaign. They lavished praise on the new president and have supported his every move — in order to benefit from his promised big tax cut. But the chaos he’s unleashed on the world economy is causing many of them to go public with their ...

Washington’s latest assault on economic success

What is it about politicians in Washington that they just can’t stand progress or the thought of anyone getting rich? That’s the attitude of many Democrats in Congress as they try to cripple the private equity and venture capital industries with higher tax rates. These financers are some of the most dynamic risk-takers on the economic playing field. They are disrupting the old stodgy banking and Wall Street financing networks. The PE and VC track records in funding small businesses and turning them into the future gazelles is almost a uniquely American success story. But now, ...

Time to again feed the insatiable beast

America’s annual rituals and observances include days we usually celebrate together (July Fourth, Memorial Day, Veterans Day), or as members of special groups (Passover, Easter and Christmas). The one annual ritual it can be safely said most Americans despise is April 15, when the half of us who pay federal income taxes must “render unto Caesar” portions of our hard-earned money to a government that wastes much of it and dislikes exposure and accountability. It’s why Elon Musk and his band of DOGE warriors are despised by the Left and the misspenders. Two constitutional ...

From the people’s business to family business

Donald Trump’s defenders have taken great offense to suspicions by Democrats and others that the Trump family and its close circle are doing insider trading to profit from market convulsions. There’s no “proof,” they say. It’s true that there’s been no proof so far, but there’s surely enough smoke to warrant an investigation. Problem is, the Trump administration has fired the investigators or replaced them with people who won’t investigate. To quote a Wall Street Journal headline, “Trump Administration Retreats from White-Collar Criminal Enforcement.” Whence comes ...

Anti-DEI policies take power away from local schools

During her confirmation hearing to become education secretary, Linda McMahon promised she would work to “send education back to the states.” Already, she is doing the opposite. Last week, McMahon’s department issued an ultimatum to state education officials: Certify within 10 days that their school districts have eliminated all diversity, equity and inclusion programs or lose education funding from Washington. This is a straightforward assault on the federalist nature of the U.S. education system. McMahon’s threat attempts to create an atmosphere of fear within local schools. ...

Assault on DEI an affront to US history

With the erasure of 10% of Americans’ retirement savings in 48 hours last week, the anniversary of Dr. Martin Luther King Jr.’s assassination on April 4, 1968, was entirely eclipsed. President Donald Trump, the self-professed hero of ordinary Americans, marked the evaporation of ordinary Americans’ retirement plans with his customary empathy, heading to Mar-a-Lago to golf. He likely doesn’t know Marie Antoinette from Marie Osmond, but he did a fine job channeling the former’s derisive dismissal of the suffering of the little people, “Let them eat cake.” On Saturday he put ...