Economist Gabriel Zuckman justifies a wealth tax by highlighting the structural failure of the income tax system. He notes that California's billionaires pay an effective tax of just 0.2% of their wealth, while many homeowners pay a much higher effective rate on their net equity through property taxes.
Longtime Clinton strategist Paul Begala argues that the future of the Republican right may involve fusing populist culture with populist economics. He predicts a figure like Tucker Carlson could win by attacking wealth concentrations and supporting unions, a radical departure from traditional GOP economic policy.
According to polling analysis, the most troubling sign for the GOP is not general disapproval of Trump, but the specific erosion of economic trust among his core base: white, non-college-educated voters. This demographic shift represents a deep problem for the party everywhere.
An Oxford researcher argues that China's true advantage in the AI race is not energy prices, but its unparalleled speed in building new electricity infrastructure. While US and European grids have been stagnant for decades, China is adding massive capacity annually, a pace the West cannot match.
China's investment in electric vehicles and renewables was not primarily driven by recent climate concerns. It was a long-term industrial strategy, planned for decades, to achieve energy security. Lacking oil reserves, China invested early to leapfrog Western automakers and avoid foreign energy dependence.