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California’s Billionaire Tax and State-to-State Flight
Bob lays out California’s proposed 5% wealth tax on billionaires, using it to explain why taxes on wealth are especially destructive, how different tax structures change incentives, and what recent migration data says about people voting with their feet.
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Apr 13, 2026 / Tyler Durden
The Strait Of Hormuz Crisis Exposes A Fatal Flaw In Economic Thinking
The Strait Of Hormuz Crisis Exposes A Fatal Flaw In Economic Thinking
Authored by Kurt Cobb via Resource Insights,
Even a 4–5% loss in global energy supply could translate into a comparable drop in economic activity due to energy’s central role in all production.
Disruptions in oil and LNG flows through the Strait of Hormuz are already removing a significant share of global energy, with cascading impacts across industries.
Rising energy costs trigger widespread knock-on effects—from food and travel to semiconductors—potentially leading to a severe global recession.
A priest, an engineer, and an economist are...
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Apr 14, 2026 / Dave DeCamp
Israeli Strike Targeting Police Vehicle in Gaza City Kills Four, Including a Three-Year-Old Boy
An Israeli strike targeting a police vehicle in Gaza City on Tuesday killed at least four people, including a three-year-old boy, as the IDF continues its constant violations of the US-backed ceasefire deal. Photos from Gaza show the boy, Yahya al‑Malahi, being mourned by his father and other relatives at the a hospital in Gaza […]
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Feb 25, 2026 / Tyler Durden
Spacecraft Builder That Beats Big Defense Primes On Cost And Speed: Here's How To Profit
Spacecraft Builder That Beats Big Defense Primes On Cost And Speed: Here's How To Profit
Provided continued AI disruption, indiscriminate software stock selling, and credit market risks do not trigger a broader risk-off market event in the coming weeks or months, a June SpaceX IPO could become the bedrock for the grand reopening of the IPO market. The second-order effects of a SpaceX IPO would be improved sentiment toward AI companies going public and potentially a serious investor appetite for the low-Earth-orbit space industry.
Continuing our ever-evolving "how to profit"...
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