Politics and Your Wallet – Warren’s Wealth Tax

In case you hadn’t noticed, there’s a race for president that’s been going on in the United States. For the past 14 months. That will last another 9 months.

Sigh.

With that in mind, we’ve been spending time exploring the intersection of politics and personal finance. If we’re going to be figuring out which candidates to vote for then we might as well learn how their proposed policies would affect our wallets.

We’ve already looked into Kamala Harris’s LIFT Act and Cory Booker’s baby bonds proposal. (Both have since ended their campaigns but, as I noted in those articles, they are still members of the United States Senate and will presumably continue to push their respective plans.

Today we’re going to look at something a bit more complicated: Elizabeth Warren’s wealth tax plan. Continue reading “Politics and Your Wallet – Warren’s Wealth Tax”

Politics and Your Wallet – Baby Bonds

While many writers in the personal finance community shy away from politics, we should instead be spending more time understanding and explaining politics to our readers. The decisions that politicians make directly impact our lives, so it is important to understand what politicians stand for and what they will do if elected.

Understanding politics gives you the power to advocate for politicians and policies that will improve your life and the lives of those around you.

With our Politics and Your Wallet series, we’re working on looking at different economic policy proposals and how they will affect you. Our last investigation was into Kamala Harris’s LIFT Act, which would send monthly checks to 80 million Americans.

Today, we’ll be looking at Cory Booker’s “baby bonds” plan, which would fund an investment account for every child in the United States.

Even if Booker does not win the presidency, he will still be in the Senate and will keep advocating for this plan. It has even recently picked up a champion in the House in Ayanna Pressley. So while Booker’s prospects in the primary look remote at this point, this policy is still worth a closer look. Continue reading “Politics and Your Wallet – Baby Bonds”