This should never have been allowed to happen, nor should a merger of Tesla and SpaceX.

These 706 corporations collectively paid current federal corporate income taxes equal to just 10.4 percent of their $1.88 trillion in reported U.S. profits. This means that their effective federal income tax rate was less than half the statutory federal corporate income tax rate of 21 percent. This is the lowest effective rate that ITEP has uncovered in over 40 years of analyzing corporate income taxes.

After Two Rounds of Trump Tax Cuts, Corporate America Paid Less Than Ever in 2025 – ITEP

This is the lowest number since 2002. Are we winning yet?

I'm no expert but as a college grad I know more people who haven't got a real job in their career field than ones that do. Climbing the corporate ladder is no longer possible if you cant even get on board. My question is, is this problem big enough that It will majorly effect our economy over the next decade?

Chevron 1235 Florin Rd, Sacramento, Ca

This pic was taken at 11:25 am on Thursday, October 22.

So much winning!!!!

In a recent report, the bank's asset management arm highlighted fragilities associated with the K-shaped economy in which lower-earning households struggle while higher-earning Americans do fine. The bank pointed to how capital gains are poised to grow faster than income from labor in the coming years, a dynamic that should keep economy K-shaped.

"A K-shaped economy, with unequal returns to capital vs. labor, is a metastable state — surprisingly durable, but sensitive to stress or shock," the bank wrote, adding that a miscalculation of balances between the upper- and lower-legs of the K-shaped economy was the "greatest risk" to its economic outlook. "While we expect the metastable equilibrium of the K-shaped economy to persist, factors that push the balance of rewards between capital and labor too far in either direction could cause bouts of volatility," it added.

October 2026

Millennial and Gen Z heirs are eagerly anticipating a $124 trillion “Great Wealth Transfer” as they inherit their parents’ wealth—however, many are set to be disappointed. That’s because new data says boomers are splashing their cash on vacations instead of setting it aside for future generations.

It’s become so common that the trend’s even been given a name: Ski-ing. Meaning, “spending the kids’ inheritance.”

New data from Abta, Britain’s largest travel trade association, shows that 82% of over-65s took a holiday in the past 12 months, up five percentage points from two years ago—and the company’s CEO says the spike in older people traveling is specifically down to them spending money that would have been part of their kids’ inheritance.

Unlike younger people, many boomers don’t have to worry about rising rents or food bills. In fact, according to The Institute for Fiscal Studies, their disposable income keeps going up. Having spent a lifetime working for it, many have decided it’s their turn to enjoy every penny—after all, you can’t take it with you. 

Read more [paywall removed for Redditors]: https://fortune.com/2026/10/22/gen-z-millennials-inherit-124-trillion-retired-boomers-spending-kids-inheritance-vacation-skiing-great-wealth-transfer/?utm_source=reddit/

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You’ve all heard them say it. They put on that smug face and declare: "Bro, crypto lets me access my money anywhere in the world. No banks, no government border controls, I just land in any country and my money is right there on my phone."

But if you spend more than two seconds thinking about it, you realize how utterly brainless that statement is.

Here is the reality of what actually happened.

When you buy crypto, your money (dollars, euros, etc.) is gone. It went into the pocket or account of whoever sold you that crypto. You don't have it anymore. Period. And now that other person has it, together with the leverage it comes with it. That money was created as debt, so private and public sector debtors are legally required to obtain it to pay off mortgages, corporate debt, or government bonds. Meaning, if you hold it, they are forced to give you something to avoid foreclosures and bankruptcy. Now that leverage is gone, and someone else will benefit from it. You trade it for a meaningless string of digits.

Saying "I can access my money anywhere in the world" when you hold crypto is like handing the keys to your car to a complete stranger, taking a piece of paper with a serial number written on it, flying to Japan, and saying: "Look! I can access my car from Tokyo!"

No, you can't, you moron! Your car is gone. Someone else is driving it. What you have is a piece of paper, and you are desperately hoping that some random person in Tokyo will be dumb enough to trade their actual car for your piece of paper.

When you "access your crypto" in another country, all you are doing is checking a database entry on the internet. Big deal. You can access your email anywhere in the world too.

Crypto doesn't transport your money across borders. It tricks you into giving your money to someone else, leaving you holding meaningless database entry while you pray the next participant in line will take your place. Right now, people are doing it simply because they saw others getting rich quick and expect the same. Once the mania dies down, nobody in their right mind will trade real-world leverage for a useless string of digits.