community has been watching the New York mayoral election very closely. We have brought you right here interviews with candidates Eric Adams and Andrew Cuomo. They're both running as independents after losing the Democratic primary to democratic socialist Zoran Mamdani.Republican Curtis Sliwa also in the race. He's currently polling third. I spoke with him yesterday about some of the key issues for the city, but I had to start with why he is no longer wearing his signature red beret.Barely recognized him. L ...

Economic & Political Analysis - The political climate surrounding capitalism, particularly concerns about a rigged system, is increasingly important [1] - The Republican and Democratic political classes are perceived as not adequately considering the flow of resources through the lens of interest rates and tax policy [2] - The MAGA movement is viewed as an understandable but counterproductive response to exploitation, while the left's response is also seen as counterproductive for not addressing the actual flow of resources [5][6] Market & Trade Dynamics - The bond market's reaction to potential extreme tariffs from the US administration corrected the situation, leading to an expectation of only 5-10% reciprocal tariffs [9][10][12] - The stock market has largely priced in the belief that extreme tariffs will not be levied, rendering the trade theatrics irrelevant [14][15] - The US president's approach to addressing labor market and trade policy dysfunction is considered unproductive due to the disruption it creates [16][17] Capitalism & Risk - True capitalism requires those with capital to retain the risk, but the current system often shifts risk to others, benefiting the wealthiest individuals [2] - A correction in tax and interest rate policy is needed to address the culture of shifting risk away from individuals to an institutional level [4]

Tax Policy & Economic Growth - The new tax policy allows companies to immediately write off 100% of the cost of new equipment in the year of purchase, instead of depreciating it over several years [1][3][4][5] - This 100% expensing is considered a significant pro-growth component of the tax bill, incentivizing equipment purchases, boosting manufacturing, and creating jobs [4][5][11][13] - Senator Langford argues that full expensing is beneficial to the economy and businesses, especially small businesses and manufacturers, by improving their cash flow and reducing the need to borrow money for taxes [3][4][7] Deficit & Budgetary Impact - The Congressional Budget Office (CBO) scores the 100% expensing as a deficit increase due to its 10-year window scoring method, which doesn't account for depreciation beyond that period [6] - However, in real terms, the policy doesn't necessarily affect the actual deficit, as the depreciation would occur regardless, either in a single year or spread out over multiple years [9] - Other tax cuts, such as those on tips and overtime, are not considered as progrowth as the full expensing policy, although they provide tax relief to specific groups [10][11][12]

What's in Trump's tax and policy bill passed by Congress? Here's our guide https://t.co/4BrEjJxt6K ...