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Keep those pandemic savings for retirement

With broad swaths of the US economy locked down for more than a year, those with good-paying jobs have had fewer opportunities to spend. The result is the highest saving rate on record and an estimated $1.7 trillion stockpile of pandemic savings. It’s widely assumed — and even encouraged — that consumers will spend a good portion of that money ...

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The real oversight of social media

As you watch yet another congressional hearing where social media CEOs awkwardly put on suits and ties to defend the indefensible to the uncomprehending, you couldn’t be blamed for feeling hopeless. Our long-standing policies for regulating traditional media have collapsed in the face of user-generated content, with networks of tens of millions of people creating it in real time at ...

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The IRS should do more to nab wealthy tax dodgers

President Joe Biden has big, ambitious plans that will continue to ring up unwieldy bills for the federal government. His administration will have to fund a significant — but still undetermined — portion of those bills by raising taxes on affluent Americans. And that won’t go well unless Biden’s team can get ahead of well-heeled taxpayers who are inclined to ...

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