Helping our clients achieve superior risk-adjusted portfolio performance
is Merk's mission

Any tax not paid by at least 51% of voters should not be allowed; the one possible exception: 0% of voters pay a tax.
Discuss.

Tax thee, but not me...
'Mayor Zohran Mamdani is abandoning his proposal to increase taxes on all New York City property owners, but still supports a tax on second homes worth $5 million or more'... @WSJ's @beccpicc
wsj.com/us-news/mamdan…

JPM's Jamie Dimon calls on US and Europe to fix "stupid" trade issues.
"stupid" is a CFA level IV term, so if you don't know what it means, you shall be excused.
bloomberg.com/news/articles/…

Yes, I use ChatGPT more than @grok — but only because I often have to ask it 3 times to get a decent answer, while Grok usually nails it on the first try.

— this tweet has been edited by Grok got clarity.
Attached the edit by ChatGPT.
Which variant is better?

Sweden has shed its socialist system, embraced capitalism.
Public social spending has fallen to 24% of GDP (US: 23%), growth outpaces rest of Europe, the wealthy have returned as wealth & estate taxes have been abolished. It can be done! 🇸🇪
wsj.com/world/europe/t… @TomFairless

Fed's Chris Waller suggests regional Fed President need to centralize operations to gain efficiency, lists HR as example.
@JohnHCochrane: the Soviets were really good at centralizing! And how about centralizing HR at Stanford, Princeton and alike -- and include @HooverInst's HR?!

Fed's Waller: I've said I propose centralizing back office functions, have the regional Feds focus on their specialties. I got pushback that it's at odds with the federated system. Technology drives us to rethink how to gain efficiencies while preserving independence.