I teach supply side economics. The art of the Laffer Curve and the vicissitudes of Money. Oh, and being a futures broker for 32 years I teach trading too.
The vibe in this image was federally subsidized.
Through 1986, business meals were 100% tax-deductible. A $400 dinner at a midtown steakhouse cost the firm closer to $200 after the writeoff. Companies booked private rooms at 21, the Four Seasons, and Smith & Wollensky because the tax code made entertaining clients cheaper than skipping it.
Reagan's Tax Reform Act of 1986 cut the deduction to 80%. Clinton's 1993 budget bill cut it again to 50%, effective January 1994. Two laws, seven years, and the federal subsidy on a business dinner was sliced in half.
Expense accounts started getting capped within a year. By 1995, the three-martini lunch was dead.
21 Club, where every president from FDR to Obama dined, closed permanently in 2020 after 90 years. The pandemic delivered the final blow to a business whose economics had been bleeding since 1994.
Strip the 100% deduction off this table and the room empties out within five years.
This excuse for cutting off all power and bridges to 96 million Iranians (the population we're pretending to save) -- "they're animals" -- is verbatim the excuse given by Israel as to why they were cutting off all food, water and fuel from entering Gaza ("they're animals").
Rubio: Imagine if Iran funded the well-being of its people, rather than its military
Trump, two days later: We can’t fund daycare or Medicaid, we need more money for our military
I miss the days when voting meant you had to go behind a curtain like you were in the dirty section of your local video store and then you just started pulling knobs and cranking levers like you were the fucking Wizard of Oz. It was phenomenal.
"Au ciel, le policier est anglais, le cuisinier français, l'amant italien, le mécanicien allemand et l'administrateur suisse.
En enfer, le policier est allemand, le cuisinier anglais, l'amant suisse, le mécanicien français et l'administrateur italien."
Valéry Giscard d'Estaing
@haveaconcern Bonanza Steakhouse was founded in 1963 by actor Dan Blocker, who played Eric "Hoss" Cartwright on the television show Bonanza. The first location was opened in Westport, Connecticut. The chain is known for its affordable steakhouse, family-friendly atmosphere,
Imagine being stupid enough to blame bombing a country because they're a "nuclear threat" while still having this up on your own website.
YOU. CAN. NOT. MAKE. IT. UP.
The average cost to mine a single Bitcoin is now over $90,000. The price of Bitcoin has collapsed to $67,000. Everyone mining Bitcoin at the moment is losing a fortune.
Tucker Carlson unleashes a brutal truth bomb: "World Wars I and II weren't just wars—they destroyed the most beautiful civilization ever built: Christian Western civilization."
"And this? This is the final blow."
Gold blasting past $4,000 an ounce? "That should be screaming front-page news—it's the death knell of the U.S. dollar."
"I'm very anti-Hitler, for the record—but the effect was to shatter everything great about the West."
Wake up: The empire is crumbling in real time.
Watch this red-pill clip.
Gold at record highs: Final warning of dollar collapse and Western downfall? Or overblown? Your unfiltered take below.