Container Ship Sinks In Hormuz After Iranian Strike Last Month; UBS Gives Latest Strait Update

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....

Wall Street's Trillion-Dollar Bet On "Tax Alpha" Tax alpha — the practice of improving investment returns by reducing taxes — has become one of the fastest-growing strategies on Wall Street, according to Bloomberg.  Rather than focusing only on beating the market, many investment firms now design portfolios to minimize taxes, often producing higher after-tax returns even if pre-tax performance is similar to traditional strategies. After years of rising markets, many wealthy Americans hold large unrealized gains in stocks and funds. To address the resulting tax burden, asset managers have developed a wide...