Merry Christmas, Vladimir Your Friend, Donald
At the end of this banner stock market year, you can bet that major business publications will be naming their investor of the year. You can stop now. I have the winner, and nobody is even close when it comes to his total return on investment: Vladimir Putin, the Russian president.
A recent report in The Washington Post, quoting intelligence sources, said Putin may have spent less than $500,000 to hack our last election and help (though Hillary helped much more) Donald Trump become president. And Putin’s payoff is Trump’s first year: a president who is simultaneously eroding some of our most basic norms, undermining some of our most cherished institutions and enacting a mammoth tax bill that will not make America great again.
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Rather than starting by asking the question: What world are we in, what are the biggest trends — like rapid technological change, the automation of an increasing number of middle-skill jobs, increasing climate disruptions, a world getting more interdependent than ever — and how we can use tax policy to enable more of our citizens to get the most out of these trends and cushion the worst, we have a bill driven by the need to reward big donors and to put “points on the board” for Trump before the midterms
https://www.nytimes.com/2017/12/19/opinion/merry-christmas-vladimir-your-friend-donald.html?
Behind a paywall if you have used your free views but a good read if you are able.
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