In First Statement, Iran’s New Leader Says Strait of Hormuz Will Remain Closed and Attacks on US Bases Will Continue

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.

Why did President Trump launch a war against Iran? Two reasons.First, electoral polls indicated a dramatic victory for anti-Trump Democrats in this fall’s Congressional elections. This would put a welcome end to Trump’s campaign to establish one-man rule in the United States. Losing the Senate and/or House would open Trump up to a host of […]

TSA Suddenly Suspends PreCheck, Global Entry As DHS Shutdown Continues Update (1200ET): It appears the potential blowback from shutting PreCheck and Global Entry was just too much to bear as Jake Sherman reports the Trump admin has reverted back to normal on PreCheck but has adjusted its policy in response to the govt shutdown. "At this time, TSA PreCheck remains operational with no change for the traveling public. As staffing constraints arise, TSA will evaluate on a case by case basis and adjust operations accordingly. Courtesy escorts, such as those for...