Nearly 30 years ago, Richard Herrnstein and Charles Murray published “The Bell Curve,” which became notorious for its chapter that highlighted differences in IQ test results by race. But that controversy overshadowed the primary focus of the book, which was that the human race is dividing into a cognitive elite and everyone else.
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Three out of 4 middle class households report falling behind the rising cost of living as inflation continues to soar., according to a new poll.
Primerica released the report, which found that 75% of middle-income families “say their income is falling behind the cost of living,” an eight-point rise since March. The poll found only 16% of those surveyed think they will be better off financially in a year.
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Right now, Americans are experiencing the dire effects of the most regressive and unjust tax of all: government-engineered and government-fueled inflation. Let us consider the matter. What is an extra $50 at the gas tank to the rich man? He can absorb the loss. What if a box of cookies at Walmart costs $5 instead of $2? He doesn’t go there anyway. Why, he can offset the extra expense of the high price of oil, which becomes the extra expense of everything else either made of oil or delivered by oil or gasoline, by eating at home a little more often than at his favorite restaurant.
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Until a few years ago, corporate political influence in the United States was balanced between those promoting a progressive, green agenda, and those maintaining a distance from social equity issues while continuing to lobby for conventional energy policies. But the incredible wealth amassed by high-tech companies over the past few years—all of them progressive and “green”—has completely overwhelmed that balance. America’s corporate establishment has now joined with the financial, academic, and media establishments, along with government bureaucracies, to unequivocally support progressive politics.
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President Biden this past weekend suggested he would be willing to lose his presidency over his decisions on several key issues including his widely criticized withdrawal from Afghanistan.
In a CBS “Sunday Morning” interview in which he was asked whether he was discouraged by the criticism over his handling of the pandemic and other first-year challenges, Biden answered “No.”
“But look,” he continued. “One of the things we did decide, and I mean this, my word as a Biden, I know what I’m willing to lose over. If we walk away from the middle class, if we walk away from trying to unify people, if we start to engage in the same kind of politics that the last four years has done? I’m willing to lose over that.”
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How often during the last year of woke, have middle- and lower-class Americans listened to multimillionaires of all races and genders lecture them on their various pathologies and oppressions?
Million-dollar-a year university presidents virtue signal on the cheap their own sort of “unearned white privilege.”
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Keeping with his promise in 2018 that he would be issuing a second round of tax cuts, President Donald Trump’s administration signaled that details of the new cuts would be announced in September.
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Our friend Stephen Moore, Heritage Foundation economist, former Wall Street Journal editorial board member and founder, along with Steve Forbes and Arthur Laffer, of the Committee to Unleash Prosperity, published a column in the Wall Street Journal recently with some truly amazing statistics about the Trump economic boom.
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