Paul Wallis

2 days ago | digitaljournal.com | Paul Wallis

White House crypto czar David Sacks says the US government bitcoin reserve 'will not cost taxpayers a dime' - Copyright AFP/File INA FASSBENDERUnrealized capital gains are the increases in the paper value of assets like stocks, Bitcoin, and other markets. If you make money on paper, but don’t cash in, you could pay 15% in tax on those gains. This approach completely rewrites the script for the nouveau riche and any number of financial deals. It’s much trickier than it looks.

4 days ago | digitaljournal.com | Paul Wallis

A US Himars rocekt launcher is pictured during exercises in the Philippines in October 2022 - Copyright AFP Ed JONESDoes anyone in America pay the slightest attention to what they say? Doesn’t look like it. In between threats of annexation and routine abuse of allies, the US has condescended to lecture Australia on defense budgets. We’re supposed to “raise our defense spending to 3%”. This is pretty much standard rhetoric for the administration and has been previously donated to NATO as advice.

1 week ago | digitaljournal.com | Paul Wallis

The administration of US President Donald Trump has argued that judges do not have the authority to block his tariffs regime - Copyright AFP/File Brendan SMIALOWSKIA government can only pass laws if it’s empowered under a constitution. The Trump administration is raising tariffs under the Emergency Powers Act. The tariffs were initially blocked by a Federal appeals court but have been allowed to continue by another federal appeals court.

1 week ago | digitaljournal.com | Paul Wallis

Ukraine has been battling Russia's invasion for more than three years - Copyright 65th Mechanized Brigade of Ukrainian Armed Forces/AFP Andriy AndriyenkoThe end is coming. Not due to politics, not due to vapid superficial headlines and infantile disinformation, not due to tantrums, but because it must. The headlines squeak for themselves. Russia, true to form, is flailing away at Ukraine with whatever it has to hand.

1 week ago | digitaljournal.com | Paul Wallis

The US Treasury Department said the budget deficit rose in fiscal year 2024, hitting the third-largest on record. - Copyright AFP/File SAUL LOEBAnalyses of the Big Beautiful Bozo Bill are swarming the headlines. Even allowing for the total inadequacy of the astonishingly outdated US revenue system, this bill is direct from prehistory. Nobody living in a tree would believe it or trust it. This is the definitive version of wealth inequality.