Category: Capitalism

America’s credit rating could get downgraded even if a default is avoided, Fitch Ratings warns – CNN

America’s credit rating could get downgraded even if a default is avoided, Fitch Ratings warns – CNN

A stark warning from Fitch. Though there is no risk of something replacing the dollar as the world’s reserve currency, that is a necessary but not sufficient condition to avoid fallout from the US debt ceiling debate. https://www.cnn.com/2023/03/06/economy/us-credit-rating-fitch/index.html

The Ultra-Wealthy Who Argue That They Should Be Paying Higher Taxes | The New Yorker

The Ultra-Wealthy Who Argue That They Should Be Paying Higher Taxes | The New Yorker

https://www.newyorker.com/magazine/2020/01/06/the-ultra-wealthy-who-argue-that-they-should-be-paying-higher-taxes?source=EDT_NYR_EDIT_NEWSLETTER_0_imagenewsletter_Daily_ZZ&utm_campaign=aud-dev&utm_source=nl&utm_brand=tny&utm_mailing=TNY_Daily_010120&utm_medium=email&bxid=5c0ef3ecbf008163e03bb119&cndid=55627701&esrc=&mbid=&utm_term=TNY_Daily