Why do people get paid to invest their money?

Another reason investors deserve their income is that by having a system where corporations work toward the goal of increasing investor return, they have the incentive to be productive. So indirectly, by taking part in such a system, investors produce things with their money.

https://www.noahpinion.blog/p/why-do-people-get-paid-to-invest?r=1o36hf&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false

Young People Are Richer Than Boomers Were

“Yes, homes cost more now, but census data show more Americans own their homes now than when I was a kid.
And today’s homes are much bigger and twice as likely to have central air, dishwashers, garbage disposals, etc.

We want more now.

Also, young people can afford more now.

Today, Americans actually spend a smaller percentage of our money on food, clothing, and housing than we used to, according to Bureau of Labor Statistics survey data.

“We have a lot more things and we don’t have to work as hard to get them,” says Michel. “Now it’s the norm to go out for dinner.”

When I was young, few people did that.

Few people flew places for vacation. They didn’t have the money, and flying cost much more. Adjusted for inflation, a cross-country flight cost $1,000. Now it’s about $300.

“People did not just go on vacation,” says Michel, “did not fly all across the country.”

Gen Z, overall, is doing better than young people once did. A typical 25-year-old Gen Zer has annual household income that’s 50 percent above Baby Boomers’.”

https://reason.com/2025/10/01/young-people-are-richer-than-boomers-were/

The White House Just Defunded a Federal Watchdog

“Before being shut down, the Council of Inspectors General was a shared resource for the dozens of inspectors general’s offices located in various government agencies across the executive branch. It provided training for investigatory staff and ran a tip line to collect reports of waste, fraud, and abuse.

By shutting down the council, the White House may have also shuttered the Pandemic Response Accountability Committee (PRAC), which was created as part of the CARES Act and operated as a subcommittee of the council. (However, its website was still active on Wednesday morning.)

The PRAC was tasked with overseeing pandemic relief spending—which was absolutely rife with fraud—and was recently reauthorized by Congress until 2034 as part of the 2025 tax bill.

The White House’s decision to close the two federal watchdog agencies has drawn criticism from at least two Republican senators. “We urgently request an explanation for these actions and ask that you to promptly reverse course so that CIGIE and PRAC can continue their important oversight work uninterrupted,” wrote Sens. Susan Collins (R–Maine) and Chuck Grassley (R–Iowa) in a letter to OMB Director Russell Vought this week.

Like with the earlier attempt at firing dozens of inspectors general from their posts, this latest effort at undermining the viability of the government’s watchdogs suggests the Trump administration is less interested in draining the swamp than in pushing aside people who might sound the alarm about corruption.”

https://reason.com/2025/10/01/the-white-house-just-defunded-a-federal-watchdog/

Reagan-Appointed Judge Slams Trump’s Crackdown on Pro-Palestinian Students

“Young’s ruling came in response to one of the Trump administration’s signature policies, its attempts to shut down Palestinian solidarity protests by deporting Palestinian students and their supporters. The American Association of University Professors and the Middle East Studies Association sued a few days after the arrest of Columbia University graduate student Mahmoud Khalil, arguing that the policy violates freedom of speech, both by intimidating foreign academics in America and preventing American academics “from hearing from, and associating with, their noncitizen students and colleagues.”

Ruling that administration officials indeed “acted in concert to misuse the sweeping powers of their respective offices to target non-citizen pro-Palestinians for deportation primarily on account of their First Amendment protected political speech,” Young promised to hold a hearing on the specific measures he will order. He wrote that “it will not do simply to order the Public Officials to cease and desist in the future,” given the current political environment.

The ruling itself meticulously outlined how several different activists—Khalil, Rümeysa Öztürk, Mohsen Mahdawi, Yunseo Chung, and Badar Khan Suri—were targeted for deportation and how the administration justified it, both internally and publicly. Although Secretary of State Marco Rubio repeatedly claimed in the media that the deportations were meant to target “riots” on campus, Young shows that the students were often targeted based on their opinions alone, with vague chains of association linking them to violent protests.”

https://reason.com/2025/10/01/reagan-appointed-judge-slams-trumps-crackdown-on-pro-palestinian-students/

Autism Research Doesn’t Need Washington’s Help

“Set aside the fact that the so-called epidemic of autism does not result from a surge in actual cases but from a broadening of the diagnosis over the past 50 years—from what psychiatrists in the 1970s called a form of childhood schizophrenia, marked by early social withdrawal, impaired language, and rigid, repetitive behaviors, to today’s ASD. This new understanding includes highly capable, sometimes gifted individuals who simply interact with others in unusual or atypical ways. Additionally, because social, educational, and health care services are now more accessible to children with ASD, increased parental awareness and more screening by pediatricians, school psychologists, and educators have led to greater detection.

That nuance seems lost on Kennedy, who treats autism as if it were an infection or a tumor.

What we know so far about the link between prenatal acetaminophen and autism—that it remains inconclusive—is based on independent clinical studies not influenced by a government agenda. Without government interference, these studies might find definitive proof that prenatal acetaminophen causes ASD, or they could lead to dead ends, encouraging scientists to explore other possibilities.”

https://reason.com/2025/10/02/autism-research-doesnt-need-washingtons-help/

Trump To Cancel Biden-Era Green Energy Grants, but Only for Blue States

“”Nearly $8 billion in Green New Scam funding to fuel the Left’s climate agenda is being cancelled,” OMB Director Russell Vought wrote Wednesday in a post on X. While there is not yet an official announcement, he added that there would be “more info to come” from the Department of Energy. Vought said the newly rescinded funds would come from terminating projects in California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Maryland, Massachusetts, Minnesota, New Hampshire, New Jersey, New Mexico, New York, Oregon, Vermont, and Washington.

If it feels like those 16 states have something in common, it’s true: All voted for then-Vice President Kamala Harris, Trump’s opponent, in the 2024 election. In fact, other than Maine, Rhode Island, and Virginia, Vought’s list includes every single state that didn’t go for Trump.”

https://reason.com/2025/10/02/trump-to-cancel-biden-era-green-energy-grants-but-only-for-blue-states/

TrumpRx Is Obamacare in Trump’s Handwriting

“Trump announced the next in a long line of vanity projects: TrumpRX, a forthcoming, federally branded website where Pfizer sells steeply discounted drugs in exchange for a three-year exemption from his proposed 100 percent tariffs on imported pharmaceuticals. Imagine a strip mall furniture store with a permanent, flashy 70-percent-off sale, masking the fact that prices were inflated in the first place. TrumpRx, slated to launch in early 2026, is no different—a government-run platform that promises savings while hiding costs.

TrumpRx isn’t healthcare reform or even a program in any real sense. It’s a carve-out for one company. Under the agreement, Pfizer will list a large share of its primary care and select specialty drugs at deep discounts on a federal site that redirects patients to Pfizer’s direct-to-consumer checkout.

The savings are shaky because that money has to come from somewhere. Part of it, certainly, is just the market advantage of being exempted from a 100 percent tax that all your competitors are forced to pay. Any savings beyond that will be carved out of something else—less research, higher prices on other drugs, or hidden costs buried elsewhere in the system.

And for most people, the ‘discounts’ aren’t really discounts. Roughly 90 percent of Americans are insured, and their co-pays are almost always cheaper than TrumpRx’s cash prices. Medicaid patients already get the steepest rebates—more than 60 percent off by law—so TrumpRx adds little there. That leaves the approximately 27 million uninsured Americans.

But even for the uninsured, the math falls apart: A $6,000 arthritis drug at “half price” is still $3,000 in cash, a stretch on any budget. Eucrisa at $162 on TrumpRx beats few insurance copays. And $499/month for Wegovy (semaglutide) on TrumpRx compares poorly to the $25 many insured patients now pay. And all of this bypasses the way Americans actually get prescriptions. CVS, Walgreens, and the rest are cut out entirely, replaced by a federally branded coupon pop-up that punts you to a manufacturer’s checkout page. TrumpRx looks like a deal, but in practice, it helps almost no one.”

https://reason.com/2025/10/02/trumprx-is-obamacare-in-trumps-handwriting/