Save the rich or tax them?

Two updates from yesterday:

1. It appears it was closer to 600,000 orders for Trump phone.

2. Senate Leader Thune killed the Federal Gas Tax Relief because it would destroy the highway trust fund. Worth noting, the last increase in this tax was 1993. Then Leader Bob Dole opposed it. 

Sandy with me in Amsterdam as we were enjoying Profiteroles as we were meeting our bestie Beth.

Mohammed, Travis, me, and Ann at Snoopy Rock in Fujairah.

Mini Coe reunion: Thomas Valley, Travis Krug, Sandy Busgen Burke, Kelly Fitzgerald, Steve Kranz at an impromptu Coe Reunion in Minneapolis.

Luqman and me before go carting in Al Ain.

Luqman and Adnan with me before I flew back to Iowa to caucus for Mayor Pete in 2020.

Before Trump departed to China he said he didn't need help from Xi on Iran. Fortunately for Trump it is help he is going to get but Xi will certainly extract a huge price for it.

More Airlines suspending flights to Dubai. Why? risk they can't land and much higher costs because of the longer route.

Musk's trial is ending with a whimper but it's ramifications are huge: 

Lessons:

Everything you ask AI is discoverable.

(The Satya Nadella clause)

Musk is every bit as ego-centric and maniacal as we thought.

Being upset about missing a good investment is a really dumb reason to sue.

SpaceX size.

Visual Capitalist does great graphics.

CPI confirmed the news we had last week: Inflation has begun to rise and is now outpacing wage gains. So the feeling you are falling behind is now backed up by data.

Wealth of top 1% vs. 20-80% (Middle class). 

Mandami property tax DOA. The rise for the middle class was never going to happen... but it's unfortunate the tax on the second houses over $5 million did not go through. A 10% tax on these houses serves two purposes: It raises badly needed revenue. And, for those who do sell, it frees up housing stock.