The IRS audited the richest 1% of Americans just 1.6% of the time in 2019, down from 8% in 2011. Since 2010, due to budget cuts, the IRS has lost 18,000 full-time positions with the number of auditors falling to lows unseen since the 1950s. The Washington Post, April 27, 2021
The S&P 500 has risen 87% since its low on March 23, 2020, adding $50 trillion worth of value to the index in just over a year, the best 12-month rally since the 1930s. Yahoo, April 26, 2021
Mom and Pop traders now account for almost as much trading as all hedge funds and mutual funds combined. Axios, April 26, 2021
“If shoeshine boys are giving stock tips, then it is time to get out of the market.” Joseph Kennedy, 1929
China’s greenhouse gas emissions have reached an inflection point. The analysis showed that on a per-capita basis, China’s 2019 emissions were close to the OECD average of all 27 European Union member states combined. Yahoo, May 6, 2021
Bill and Melinda Gates, with an estimated net worth of $130.3 billion and splitting after 27 years of marriage, apparently had no prenuptial contract in place. CNBC, May 5, 2021
“Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly, and applying the wrong remedies.” Groucho Marx
