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Everyone is asking whether America is drifting toward socialism, but I think that’s the wrong question. The real threat has always been crony capitalism, and both the new left and the new right are starting to figure that out.
I have been thinking hard about when exactly celebrities took over American political life, and I think most people are not asking the right questions about it. George Clooney wrote an op-ed that effectively ended Joe Biden’s presidential campaign, and nobody seemed to find that as strange as I do.
When the government takes stakes in private companies and hands out hundreds of millions in subsidies, it isn’t capitalism. It’s a rigged game that distorts markets and puts your investments at a disadvantage.
The phrase ‘fair share’ gets thrown around constantly in political debates, but nobody ever asks the most important question: fair by whose definition? I’ve been pressing people on the left for years with one simple framing, and I have never once gotten a real answer.
The Fauci Diaries are out, and almost nobody in mainstream media is covering them seriously. I’ve gone through this material, and what’s in there is heartbreaking but not the least bit surprising to anyone who’s been paying attention.
The Wall Street Journal ran a front-page piece outraged that Americans used legal retirement accounts to build serious wealth. Nobody broke a law, nobody cheated anyone, but apparently getting rich the right way is now a scandal.
A 28-item grocery order that cost $64.50 at Target in 2020 now runs $158.30. That number has gone viral, and it should, because it confirms what I have been saying for years about how the government calculates inflation.
Most investors celebrate when their portfolio climbs 10%, but very few stop to ask how much of that gain is real. When you factor in true inflation and capital gains taxes, the government may be taking far more than you think.