Tax cuts are generally a very popular policy. As then Speaker of the House Paul Ryan and other proponents of the 2017 Tax Cuts and Jobs Act argued, who doesn’t want their government to “giv[e] the people their money back”? President Donald Trump went even further, claiming that the “…huge tax cut will be rocket fuel for [the] economy” by creating new investment, raising workers’ wages and bonuses, and increasing growth. Continue Reading

The credit card business has since been recovering since the Great Recession when banks drastically cut consumer lending as they scrambled to reduce risky loans. The number of people with credit cards has since increased, from 152 million in 2010 to 176 million in 2017. At the same time, the number of credit card accounts in the U.S increased from 386 million to 455 million in 2017. Alongside a modest increase in the average number of cards each person holds, more people are getting a credit card for the first time.Continue Reading

On February 17th 2020, the richest man alive announced that he will donate about 8% of his fortune to fighting climate change. Jeff Bezos, the founder and one of the current shareholders of Amazon, made this announcement through his Instagram account saying that he will donate 10 billion USD to fund “scientists, activists, NGOs — any effort that offers a real possibility to help preserve and protect the natural world.” After seeing that post, many people had the same question in their mind: Where exactly will this money go?Continue Reading

If you are someone who even just occasionally uses Rideshare companies like Uber and Lyft, then you’ve probably noticed how expensive these services are starting to become, even for short trips and with options like “Lyft shared” or “Uber Pool.” Here’s an estimate for the Uber and Lyft pricing for an actual trip I recently made, for around 2 miles worth of total travel. Continue Reading

There are many justifications for this sudden surge in demand for Tesla stock; however, does any permutation of such reasons warrant a $60 billion increase in market valuation, , especially since Tesla is yet unprofitable?Continue Reading

The economic and social impact of climate change has become increasingly evident in the past few years. According to the World Economic Forum, the four biggest risks facing the world are failing to adapt to climate change, human-made environmental damage, biodiversity and ecosystem loss, and natural disasters—all related to and caused by climate change. Continue Reading