Yashwi Thakur

[ad_1] File photo: US Senator Bernie Sanders (Picture credit: AP) US Senator Bernie Sanders has intensified his criticism of America’s political and economic system, warning that the United States is moving “rapidly toward oligarchy” and calling it a "pseudo-democracy" in which billionaires wield disproportionate power over governance. At 83, Sanders is still drawing massive crowds to rallies, energising a new wave of opposition to US President Donald Trump and those backing him financially and politically.As per CBS News, Sanders directly named Elon Musk and Donald Trump as figures driving what he views as a dangerous shift in American democracy. “You can thank Elon Musk and Trump for that,” he said, adding, “These guys, led by Musk... have now allowed billionaires essentially to own our political process.” The senator blamed the Supreme Court’s Citizens United ruling for enabling this system, where […]

[ad_1] In a move that could reshape the way Americans are taxed at the state level, Mississippi and Kentucky have launched ambitious plans to eliminate personal income taxes—something no US state has done in more than four decades.The last time this happened was in 1980, when oil-rich Alaska scrapped its income tax. Now, with budget surpluses following the Covid-19 pandemic and a national trend toward tax relief, the deep South is aiming for a repeat.The Mississippi experimentGovernor Tate Reeves of Mississippi has signed into law a roadmap to phase out the state’s 4% income tax—starting with a drop to 3% by 2030, followed by conditional cuts tied to revenue growth. If all benchmarks are met, Mississippi could become income-tax free by 2040. The plan also includes a sales tax cut on groceries and a hike in gas taxes.“This puts us […]

[ad_1] UK Prime Minister Keir Starmer on Sunday declared that the United Kingdom is prepared to deploy direct state intervention to protect British industries from the shockwaves of sweeping tariffs imposed by US President Donald Trump.Writing in The Sunday Telegraph, Starmer said the world had entered a new era where the “old assumptions can no longer be taken for granted” following the United States’ decision to slap 10 percent tariffs on UK goods.“The world as we knew it has gone,” Starmer wrote, warning that the emerging global landscape will be shaped less by rules and more by deals and strategic alliances.PollWhat do you think about the impact of US tariffs on UK goods?PollDo you believe the UK should adopt a more assertive industrial policy?“It demands the best of British virtues — cool heads, pragmatism and a clear understanding of our […]