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Mamdani's Tax Fantasy Is Already Failing Somewhere Else
Mamdani's Tax Fantasy Is Already Failing Somewhere Else
Submitted by QTR's Fringe Finance
Last week I wrote that Zohran Mamdani is a f***ing moron has proposed a new estate tax that is not really aimed at billionaires but at ordinary New Yorkers whose so called wealth is largely tied up in the homes they spent decades paying off.
That argument may have sounded abstract to some readers, like a warning about unintended consequences that might or might not materialize. But we do not have to speculate about how these kinds of burdensome taxation policies play out....
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Mar 23, 2026 / Tyler Durden
Tesla And SpaceX To Build Massive "Terafab" Chip Factory In Austin
Tesla And SpaceX To Build Massive "Terafab" Chip Factory In Austin
Elon Musk announced that his proposed “Terafab” chip factory will be built in Austin and operated jointly by Tesla and SpaceX, according to Yahoo Finance and Bloomberg.
The plan is to start with a smaller, highly advanced fabrication facility capable of producing and testing a wide range of chips, before expanding to a larger operation.
Musk argues the semiconductor industry isn’t scaling fast enough to meet his companies’ growing demand for AI and robotics, so he sees building his own supply...
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May 26, 2026 / Tyler Durden
Second Chinese 'Combat' Patrol Buzzes Taiwan Within Days, On Heels Of Xi-Trump Summit
Second Chinese 'Combat' Patrol Buzzes Taiwan Within Days, On Heels Of Xi-Trump Summit
In the wake of this month's Trump-Xi summit in Beijing, and as a 'paused' but still looming major US-approved weapons deal and transfer to Taipei is set to go forward, China is stepping up military patrols near and around the self-ruled island of Taiwan.
Taiwan's military is currently on high alert, having on Tuesday dispatched ships and fighter jets to monitor the second Chinese "joint combat readiness patrol" in a week near the island.
In a fresh post on X,...
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Apr 13, 2026 / Tyler Durden
Federal Court Strikes Down 158-Year-Old Home Distilling Ban
Federal Court Strikes Down 158-Year-Old Home Distilling Ban
Authored by Kimberly Hayek via The Epoch Times (emphasis ours),
A federal appeals court on April 10 declared a nearly 158-year-old ban on home distilling to be unconstitutional, ruling that the ban was an unnecessary and improper means for Congress to exercise its power to tax.
A judge's gavel rests on top of a desk in a courtroom in Miami on Feb. 3, 2009. Joe Raedle/Getty Images
Writing for a three-judge panel in McNutt v. U.S. Department of Justice, Judge Edith Hollan Jones of the...
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