Scott Lincicome
@scottlincicome
VP @CatoInstitute, adjunct @DukeLaw, columnist @TheDispatch & @Bloomberg, contributor @PostOpinions. CH❤️RTS. You didn't read the article, did you?
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The socialist threat is coming from inside the house
CBO just released its latest "Distribution of Household Income" report (for year 2023), and the findings are - as usual - a narrative violation.
Real incomes up across the board.
Income inequality basically flat for decades.
Taxes falling for everyone except the rich.
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"Taxing the Rich Can’t Close the Federal Deficit"
via @CatoInstitute @adamnmichel
"Confiscating all income earned over $1M would cover only about 80% of the Congressional Budget Office’s (CBO) projected $24.4T federal deficit over the [10Y] period."
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And our big globalist conspiracy is... letting people do what they want.
Sometimes, it's like Biden never left
New @nberpubs: "Do Minimum Wages Help Worker in Poor and Low-Income Families?"
"We find adverse – rather than beneficial – effects of minimum wages on the employment, hours, and earnings of initially-employed low-wage workers in poor and low-income families" 😲
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"China’s great jobs squeeze: As construction slumps and manufacturing automates, 53mn Chinese now work for low wages in food delivery and ride-hailing"
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"The Trump administration, now Intel’s largest shareholder, has also taken a hands-on approach to the company... This type of state capitalism is unprecedented"
