Finance ministers from France and Brazil are urging the G20 to implement a minimum 2% tax on billionaires in an effort to fight climate change and poverty. Everyone cheers when the suggestion is to tax someone else, but feigns shock when the rules expand and everyone experiences rising taxation. Global collaborative efforts such as war […]
https://www.armstrongeconomics.com/wp-content/uploads/2024/04/Fireside.mp4 I remember that growing up, my parents would light the fire on Christmas. We would listen to Christmas music and snuggle up in front of the fire. Now, if you light a fire, you are destroying the planet, and that is grounds to fine you. I suppose if your house burns down, insurance […]
When they tell us things such as, “You will own nothing,” we scoff and dismiss them. They are always placing the truth in plain sight. Did they have this technology all along? A reader sent me the image above of an advertisement published in a magazine over 30 years ago. A basic EV does […]
The federal US government insists 60% of all new car production must be electric by 2030 – six years away. I have explained numerous times how this is unsustainable for US infrastructure, the private sector, and the average American consumer. Now, 13 Republican-led states are taking the federal government to the US Court of Appeals […]
I explained how the private sector does not wish to switch to EVs amid high production costs and low demand. A recent Gallup Poll found that Americans do not want to own an EV, and the plans to eliminate fossil fuels do not align with the wishes of the people. Around 7% of respondents, up […]
The Economist’s editor-in-chief, Zanny Minton Beddoes, wrote that global warming would damage a tenth of the world’s residential property by value. They reported that this includes “many houses that are nowhere near the coast. From tornadoes battering Midwestern American suburbs to tennis-ball-size hailstones smashing the roofs of Italian villas, the severe weather brought about by […]
Admiral Rachel Levine was appointed as the U.S. Public Health Service, Assistant Secretary for Health, U.S. Department of Health and Human Services under Biden’s diversity cabinet. Levine has repeatedly warned that climate change disproportionately affects minorities. The US Department of Agriculture agrees and will begin prioritizing disaster aid to non-white Americans. A group of farmers […]
Some insurance companies are altering their policies for corporations and business interruptions, which seems to be in anticipation of government lockdowns for climate change under the label “weather events.” The government seems to be preparing for new lockdowns under the pretense of climate change this summer. It appears that they are preparing to restrict travel […]
Over 2,000 women from Switzerland filed a case through the European Court of Human Rights after claiming that a lack of climate change regulations has disproportionately harmed their gender. This is the third climate-related case brought to the high court. Six young women from Portugal sued for similar reasons, as did a former mayor in […]
I have already criticized the March jobs report released by the Bureau of Labor and Statistics. The mainstream media is cheering the 303,000 position boost as proof that the American economy is on the right path. I noted in an earlier blog post that the number of part-time workers rose by 691,000 while the number […]
