The Raiders are leaving Oakland because that city refused to give the billionaire owner of the NFL team a subsidy for a new stadium.
Under the law those reaching age 70 and a half must start taking their “required minimum distributions” (RMDs) from their various tax-deferred accounts. These include IRAs, 401Ks, profit-sharing plans, and SEPs. The trouble is that there are so many of them, and they control so many assets, that their RMDs are going to put enormous pressure on the stock market.
With the Internal Revenue Service's abdication, ObamaCare's doom is sealed. The free market, on the other hand, is gearing up to provide alternatives.
President Trump's budget proposal cuts funds for sustainability and crony capitalism hiding in HUD block grants to states.
Once again the price of economic ignorance will be borne mostly by those who are ignorant. By Bob Adelmann