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Goblin shark spotted for first time in its natural habitat — one of the deepest parts of the ocean

NY Post
6 days 20 hours ago
For the first time ever, a goblin shark has been confirmed as spotted in its natural habitat, thousands of feet under the sea with no natural light.
Daniel Cody

USMNT avoids another kit disaster with flag-inspired ‘Stripes’ look

NY Post
6 days 20 hours ago
For the first time in decades, the players genuinely love what they’re wearing on the pitch during the 2026 FIFA World Cup.
Michael Duarte

Brewers’ Jacob Misiorowski adds to growing legend with record-breaking 105 MPH fastball

NY Post
6 days 20 hours ago
The lore of The Miz just keeps growing.
Dylan Svoboda

Bo Bichette’s breakout gave Mets reason to celebrate — and maybe to hope

NY Post
6 days 20 hours ago
The junior varsity portion of the Mets schedule is finally over now, and it turns out maybe what the Mets needed was a bigger challenge.
Jon Heyman

Christian Pulisic reveals what led to surprise second-half benching in USMNT opener

NY Post
6 days 20 hours ago
After coming off at halftime of the U.S. men’s national team’s 4-1 win over Paraguay to open the World Cup, superstar attacker Christian Pulisic said he expects to be fine.
Ethan Sears

Bo Bichette lives up to his word to power Mets’ win over rival Braves

NY Post
6 days 21 hours ago
Bo Bichette may have called it while talking to The Post before Friday’s game.
Mike Puma

Tom Cruise, Jaxson Dart among celebs taking in USMNT’s World Cup 2026 opener

NY Post
6 days 21 hours ago
The stars are out for the world's biggest sporting spectacle.
Bridget Reilly

Health influencer tragically gunned down during Bay Area robbery

NY Post
6 days 21 hours ago
A registered nurse who built a following online by sharing health advice was gunned down during an alleged robbery attempt in downtown Oakland, leaving behind a young family and thousands of followers who knew him as “Nurse Solomon.” Lartey Solomon, 33, was shot and killed on May 31 while walking toward his vehicle near the...
Daniel Farr

Jalen Brunson isn’t afraid of the massive Knicks moment that awaits him in Game 5

NY Post
6 days 21 hours ago
Brunson is 48 minutes from forever, coming off a brilliant effort in the record-setting 29-point Game 4 comeback.
Howie Kussoy

Tren De Aragua leader killed in US airstrike, Trump says 

NY Post
6 days 21 hours ago
US forces killed the leader of Venezuela-based gang Tren de Aragua in an airstrike, President Trump announced Friday. 
Victor Nava

Roki Sasaki, Dodgers get roughed up by White Sox with Shohei Ohtani out

NY Post
6 days 21 hours ago
With the upstart White Sox unexpectedly in first place, there is an energy pulsing through the South Side of Chicago again.
Jack Harris

Jayson Tatum reveals how he’s getting through watching Knicks in NBA Finals

NY Post
6 days 21 hours ago
The Celtics star is enjoying watching "good basketball" during his offseason.
Mark Suleymanov

How Folarin Balogun’s accidental USA eligibility created World Cup hero

NY Post
6 days 21 hours ago
The USA men’s soccer team’s 2026 World Cup hopes might hinge on star striker Folarin Balogun, who already scored multiple goals for Team USA in its opening match against Paraguay on June 12. However, Balogun was never supposed to be eligible to play for Team USA in the first place. Folarin Balogun scored two goals...
Grant Young

Yankees’ Blue Jays problems persist in ugly end to win streak

NY Post
6 days 21 hours ago
The game had shades of 2025, when Aaron Boone’s club went 1-6 here during the regular season and 0-2 in the AL Division Series.
Greg Joyce

A Villainous Blueprint For Managed Poverty

Zero Rss
6 days 21 hours ago
A Villainous Blueprint For Managed Poverty

Authored by Veronique de Rugy via The Eoch Times,

Writer and philosopher Ayn Rand was often accused of inventing cartoonish villains.

Rogues like Ellsworth Toohey in “The Fountainhead” would scheme to seize the global economy’s commanding heights in pursuit of a distorted sense of justice.

But the people who hold such ideas don’t just appear in cartoons or in Rand’s novels.

Enter Thomas Piketty and company.

In early June, Piketty - the French economist whose work on inequality has made him something of a rock star even while being serially challenged for methodological errors, data imputations and cherry-picked baselines - and his large team unveiled what can only be described as a villainous plan.

It’s a comprehensive program for global managed decline dressed up in the language of climate justice and equality.

The plan is far too ambitious for most nations to accept.

But given the influence of Piketty and his circle of economists on U.S. wealth taxes and prominent global policy proposals, we should take its underlying ideas seriously.

Piketty’s plan would cap GDP per capita in wealthy countries at roughly $69,000, far less than America’s current $94,430.

The plan would also limit annual global economic growth to between 0 percent and 0.5 percent. Monsieur Piketty would allot only 0.115 percent annual growth to the U.S, whose GDP has expanded by more than 3 percent on average since 1930. This would hurt not just the billionaires but every American.

The plan would mandate an international three-day work week and reduce construction activity by 70 percent, manufacturing by 87 percent and even leisure-sector activity by 58 percent.

There would be massive and punishing trade actions against noncompliant countries.

It envisions a “Global Justice Fund” financed not by taxing carbon but by global wealth and income taxes.

This fund would be 20 times the size of current development aid and would be administered by a new international bureaucracy answerable to heaven knows who.

Don’t be fooled by Piketty’s training as an economist.

This is not economic thinking. Consider the utter inconsistency of relying on a vast stock of wealth (mostly from the U.S.) for redistribution while suffocating long-term growth to near zero. Much of the value of the assets needed to finance this scheme would be destroyed. It is also disqualifying to claim that sub-Saharan Africa will grow at 4 percent if we crush the economies that provide the capital for its investments and buy its exports.

Let’s ask the uncomfortable question: What would it require to enforce Piketty’s plan?

About this matter, he is conveniently vague.

Confiscating something on the order of 10 percent of world GDP and redirecting it through a newly created supranational body does not happen by asking nicely.

You cannot restructure the global economy at that scale without a coercive apparatus that dwarfs anything in human history.

The mechanism must be authoritarian.

It would require a world government with the power to tell billions of people which jobs they may and may not hold, what they may build, what they may eat and how many hours they are permitted to work.

And to what end?

“Climate change” is an insufficient answer when Piketty’s entire edifice is built on a discredited foundation. The report relies on a baseline from the “RCP8.5” climate scenario that projects Earth warming by as much as 4.8 degrees Celsius by 2100. But last month, the UN’s own climate panel officially retired RCP8.5 (always a high-end estimate) as “implausible.” A more central projection is around 2.7 degrees Celsius. Replies to Piketty’s X feed pointed this out immediately. His response, as far as anyone can tell, has been silence.

That leaves the inequality argument. Worldwide income inequality is nearing a 150-year low, but Piketty insists that radical redistribution of wealth is essential for the Global South. And where have billionaires and wealth been popping up fastest in recent decades? Embarrassingly, data from Piketty’s World Inequality Database confirms that it’s in South and Southeast Asia and East Asia. These are the exact Global South regions that have spent recent decades rescuing hundreds of millions of people from poverty through market-directed economic growth.

A core confusion of the degrowth ideology is its conflation of inequality and poverty, in fact two very different things. Reducing inequality by making everyone poorer is not a victory for the poor. The billions of people still lagging in the global income distribution have one realistic path out: growth. Dynamic, market-driven, property-rights-protected growth is the only proven path to prosperity. It’s also the path to environmental improvement, which costs money.

Degrowth is the ultimate luxury belief.

It’s dreamed up by tenured professors in Paris and progressive think-tank pundits in Brussels.

These are people who already have high incomes, comfortable apartments, generous health care and pensions and whose ideas would pull up the ladder on billions of poor people.

Rand’s villains always insisted they were acting for the greater good. They always had elaborate plans. They always needed just a little more power to make it work. And they thought little about the terrible burdens their plans would impose on ordinary people.

Tyler Durden Fri, 06/12/2026 - 23:25
Tyler Durden

Mike Brown has one more Knicks question to answer with title in reach

NY Post
6 days 21 hours ago
Mike Brown has never won a championship as a head coach. Before this spring, he hadn’t won a playoff series in the role since 2012.
Howie Kussoy

If Berkeley students can’t read, K-12 schools need remediation

NY Post
6 days 22 hours ago
It’s time for some remedial education for California’s public school system.
CA Post Editorial Board

Knicks fans scramble to find way to San Antonio for Game 5 after storm causes travel chaos

NY Post
6 days 22 hours ago
“If the Knicks can come back from 29 down, an American can figure out how to get into Texas."
Marie Pohl, Jennifer Bain, David Propper

Giants pitcher Landen Roupp wears Pride Night hat with biblical verse

NY Post
6 days 22 hours ago
SAN FRANCISCO — In celebration of Pride Night, every Giants player wore a rainbow logo on their cap representing the LGBTQ+ community when they hosted the Cubs on Friday.  Starting pitcher Landen Roupp, however, made an alteration seen before by some big-league players, inscribing a Bible verse in silver adjacent to the rainbow logo. Giants pitcher...
Evan Webeck

USMNT met the World Cup moment in dominant win over Paraguay

NY Post
6 days 22 hours ago
The US's World Cup run got off to a smashing start.
Ethan Sears

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