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FDA Commissioner Nominee Says Every Vaccine On US Market Is Safe, Effective

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FDA Commissioner Nominee Says Every Vaccine On US Market Is Safe, Effective

The doctor nominated by President Trump to lead the Food and Drug Administration (FDA) told senators this week that vaccines available in the United States are safe and effective.

Dr. Heidi Overton, the nominee, said that if confirmed, she could use her scientific training and clinical background to describe to the American public what is currently known about products that fall under Food and Drug Administration oversight.

“And what is currently known is that the vaccines that have been approved by the FDA meet the standards for safety and efficacy,” she said.

Overton, 37, also endorsed the measles, mumps, and rubella vaccine, saying it is not lethal and that it is the best tool in the public health response to measles outbreaks that are ongoing in the United States.

She said that mifepristone, an abortion pill, was safe and effective because it had been approved by the FDA. Overton wrote in a 2023 article that chemical abortion through products such as mifepristone was “dangerous to women,” drawing criticism from Democrats in the Senate.

As Zachary Stieber reports further for The Epoch Times, Overton would take the helm of an agency that has been under acting leadership since Dr. Marty Makary stepped down in May.

While signing an executive order in August that encouraged breaking up the measles combination vaccine, Trump told reporters that the vaccine is possibly “quite lethal” and that separate shots for measles, mumps, and rubella appeared to be “not at all lethal but just very effective.”

When asked after the signing, the White House declined to provide any citations for Trump’s description of the vaccine.

Leaders in the Make America Healthy Again movement recently called for removing vaccines containing messenger ribonucleic acid (mRNA) technology.

Sen. Bill Cassidy (R-La.), an outspoken vaccine proponent, has been asking people whom Trump nominated to serve in high-level health positions about Trump’s comments, as well as other questions about vaccines, during their confirmation hearings before the Senate Health Committee, the panel he chairs. Chris Klomp, selected to be the top deputy to Health Secretary Robert F. Kennedy Jr., recently voiced support for vaccines in response to Cassidy, as did Dr. Nicole Saphier, tabbed to become surgeon general.

Cassidy said on Sept. 24 that Kennedy, whom he voted for, made him guarantees but later backtracked on those promises, citing directives from the president.

Kennedy’s department did not return a request for comment.

Cassidy asked Overton how she would handle it if she made guarantees and the president then directed her to go against them.

“I’ve had robust discussions with the president,” said Overton, who was part of Trump’s first administration.

“I would give him my best advice, and I would follow the statutory requirements for the role of FDA commissioner regarding individual product determinations for safety and efficacy, and that would be what would guide every decision if confirmed to this role.”

Tyler Durden
Sun, 09/27/2026 – 12:15

Consumer Credit Stress: What The Data Really Shows

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Consumer Credit Stress: What The Data Really Shows

Authored by Lance Roberts via RealInvestmentAdvice.com,

A viral stat claims credit card delinquencies just hit their worst level since 2008. However, the New York Fed’s own data shows the opposite, and the real consumer credit stress is hiding exactly where the headlines aren’t looking.

A number has been making the rounds all year, and it’s misleading. The claim: roughly 13% of credit card balances are 90 days or more past due, the worst since 2008. Here’s the twist. That number is real, and it comes straight from the New York Fed. It just doesn’t mean what the scary charts say it means.

Sorting the real signal from the viral one matters because one of them belongs in your portfolio decisions and the other belongs in the trash.

Where The Scary Number Comes From

Let’s start with the Q2 2026 Household Debt and Credit Report, released August 11. Total household debt actually fell $13 billion on the quarter, a rounding error of 0.1%, to $18.8 trillion. Credit card balances rose $21 billion to $1.26 trillion, up 1.7%. So far, nothing that looks like a crisis.

However, this is the point where you are hit with the delinquency rate that everyone screenshots. The share of card balances 90 days or more past due has climbed from 7.6% in late 2022 to 12.8%. That is a real figure from the Fed’s data, and it’s the source the viral posts were reaching for without knowing it. Here’s the problem with reading it as a crisis. The Fed published a companion piece the same day, and its own economists took the number apart.

Crucially, they draw a very clear distinction between a “stock” measure and a “flow” measure. The stock measure simply counts every delinquent dollar remaining on a credit report, including old charged-off debts that lenders keep reporting for years. The flow measure counts how much debt newly goes bad each quarter. The flow indicates how households are actually doing, and it has been roughly flat since 2024. It rose from 6.93% to 6.97% year over year. That’s not an acceleration. That’s noise.

The obvious question is: “Then why is the stock number climbing?”

The answer is that lenders now report charged-off debt to the bureaus far longer than they used to. From 2004 through 2012, only about 40% of charged-off balances were still reported a year later. By 2024, that figure had doubled to 80%. Strip those stale balances out, and the stock delinquency rate falls right back in line with the flow. As usual, when everyone agrees on something, something else is usually going on. In this case, the crowd agreed on a chart that the people who built it were quietly warning you not to trust. I’ve made the same point before about the gap between what the data says and what the tape feels like, in the consumer sentiment disconnect.

(The “stock” delinquency measure that went viral reads 12.8%, but it counts years of stale charged-off debt. The “flow” of new delinquencies, the honest read on current stress, sits at 6.97% and has been flat since 2024. Source: New York Fed, Q2 2026)

“When the question is ‘how are households doing right now?’ the flow delinquency rates provide a more accurate view of current consumer repayment behavior. By those measures, the pace of credit card delinquency is elevated but has been largely stable since 2024.” – Lee, Mangrum, Scally, Sinha and van der Klaauw, New York Fed Liberty Street Economics

The Consumer Credit Stress That’s Actually Real

Dismissing the meme doesn’t mean the consumer is fine. Parts of the consumer are cracking. The stress is REAL. It just isn’t spread evenly across the system, and the aggregate delinquency chart hides that. Dig below the surface, and you find a household sector splitting in two, with the top half spending comfortably and the bottom half running on fumes.

The savings data gives us the clearest read into what is actually happening. In July, the personal saving rate fell to 3.0% of disposable income, with total personal saving of $712.0 billion, according to the Bureau of Economic Analysis. Put that in context. For most of the decade before the pandemic, households saved 7% to 8% of income. The rate spiked above 16% in 2020 when stimulus landed, and there was nowhere to spend it. It has bled lower ever since. A 3.0% print is near the lowest reading in 20 years.

Notably, a thin savings rate isn’t a crisis on its own. There are plenty of households that carry very little cash and never miss a payment. However, it does change the math on resilience. When the family car breaks down or a parent’s work hours get reduced, a family saving 8% of its income can absorb the hit. Conversely, a family that only saves 3% of its income reaches for a credit card more quickly. That’s the mechanism, and it’s why the delinquency increases we have seen are showing up first among subprime and lower-income borrowers, while prime credit performance has barely moved.

The Two-Speed Consumer, In One Table

The cleanest way to see the gap is to line up the viral claim against what the primary sources report. Almost every week, someone sends me a chart or a screenshot from somewhere, showing the consumer on the edge of collapse. The data, however, continues to tell a more specific story.

That split is the whole story, and it shows up in spending, too. The top 10% of earners now drive 49.2% of all consumer spending, the highest share since Moody’s began collecting data in 1989, up from about 36% three decades ago. Meanwhile, spending by households earning under $175,000 has barely grown in real terms since the pandemic. One consumer is fine. The other is the one filling up the subprime delinquency buckets.

The top decile drives 49.2% of all consumer spending, the highest share since 1989 and up from about 36% three decades ago. The bottom 80% has barely grown their spending in real terms. That’s the two-speed consumer in one picture.- Source: Moody’s Analytics, 2025

“Consumer credit stress is real. It’s just wearing a name tag that says subprime, and the headline chart keeps reading it as systemic.”

Where The Bears Are Right

I readily admit that the bearish case has a valid point. They state that aggregate data lags current realities. Therefore, by the time the Fed’s quarterly report confirms a broad deterioration, the damage is already done. Furthermore, a 3.0% savings rate means the marginal household has no shock absorber left.

If you then layer on a labor market that ran soft through the summer, with June and July payrolls revised down to 31,000 and 21,000 before August rebounded to 162,000, you have the setup for spending to roll over faster than the smoothed data will admit.

Those are all valid points. However, here’s the problem with treating it as today’s reality. It’s a forecast about tomorrow, not a reading of the current tape. The same case was made in 2023 and again in 2024. Each time, behavior beat feelings and spending held firm. I’m reasonably confident the low-end consumer market will continue to deteriorate from here. I’m far less confident it will drag down the aggregate over the next two quarters, because the prime borrower, who does most of the spending, is still in good shape.

What Consumer Credit Stress Means For Investors

So what do you actually do with this information?

  1. Stop trading off the scary screenshot. A K-shaped consumer calls for a scalpel, not a sledgehammer. The businesses exposed to the bottom third of the income distribution, dollar stores, subprime lenders, buy-now-pay-later names, and lower-end restaurants, are where the stress shows up first and hits margins hardest. That’s a real and specific risk you can underwrite.
  2. Respect the split rather than betting the whole book on one side. Higher-end consumer names and companies serving households with intact balance sheets are a different animal. Positioning for a total consumer collapse has been a losing trade for three years running. So has assuming everything is fine. The trade is the divergence itself.
  3. Lastly, keep the real watchlist in front of you. Not the meme number. Watch the savings rate, the subprime delinquency trend, the quarterly New York Fed report, and retailer margin guidance through earnings season. We covered the deeper split between what households say and what they do in our look at the consumer sentiment disconnect, and in the piece on record retail inflows. The through line is consistent. Behavior beats feelings, and primary data beats viral charts.

The bottom line is this. The consumer credit stress story deserves your attention, but only the true version. A 3% savings rate indicates the cushion is thin, and the low end is exposed. The New York Fed data tells you this is a distribution problem, not a solvency crisis, at least for now. The moment the prime borrower starts slipping in the quarterly print, the calculus changes, and that’s the number that will tell you when to lean out.

If this raises questions about how your own portfolio is positioned for a two-speed consumer and a softening labor market, that’s the conversation we have with investors every day. Our process starts with your complete financial picture, not just your investment account. Schedule a complimentary portfolio review, and let’s pressure-test your exposure together.

Questions This Article Answers

Are credit card delinquencies really the worst since 2008? Only by one measure. The New York Fed’s “stock” delinquency rate, which counts all reported balances 90+ days past due, hit 12.8% in Q2 2026. That measure is inflated by old charged-off debt that lenders now report for far longer. The “flow” of new delinquencies, a better read on current stress, has been roughly flat since 2024 at just under 7%.

What’s the difference between stock and flow delinquency? The stock measure is the share of all outstanding balances currently marked delinquent, including stale charged-off debt. The flow measure is the amount of debt that goes bad each quarter. The flow tells you how households are doing right now, and the Fed’s own economists say it’s the more accurate gauge of current repayment behavior.

Is the U.S. consumer actually in trouble? Part of it. The stress is concentrated in subprime and lower-income households, where the 3.0% saving rate leaves no cushion. Prime borrowers, who account for most spending, are still in good shape. It’s a K-shaped consumer, not a system-wide credit event.

What should investors watch instead of the viral chart? The flow delinquency rate, the subprime delinquency trend, the quarterly New York Fed report, the personal saving rate, and retailer margin guidance. Those tell you when the stress is spreading from the low end into the prime borrower, which is the turn that actually matters for portfolios.

Tyler Durden
Sun, 09/27/2026 – 11:40

DHS Ends Biden-Era Solicitation Of Donations For Illegal Aliens In Custody

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DHS Ends Biden-Era Solicitation Of Donations For Illegal Aliens In Custody

Authored by Catherine Salgado via PJ Media,

Under the Biden administration, Customs and Border Protection (CBP) was asking for and accepting private donations for illegal aliens in federal custody. The Trump administration just realized it had never officially ended that directive, so it did so this week to remove any lingering confusion.

CBP Commissioner Rodney Scott confirmed to Fox News correspondent Bill Melugin on Wednesday that he issued a memo officially axing the policy. Scott offered as an excuse for its creation that the “elevated number of aliens encountered, processed and held in our facilities” during the Biden-Harris era necessitated private supplements to the billions of taxpayer dollars spent on trafficking criminal foreigners into America.

But times have changed, thank goodness.

“This order is no longer needed or appropriate. With the significant decrease in encounters and apprehensions, CBP no longer requires private donations or gifts for distribution to aliens in custody,” Scott observed.

“Additionally, this order does not align with the Trump administration’s enforcement posture at our borders. For these reasons, I am withdrawing CBP from DHS Delegation 07107, effective immediately.”

John K. Tien, Joe Biden’s deputy secretary of the Department of Homeland Security, inaugurated the controversial policy in May 2022. CBP told Melugin that agency leadership did not recall that the policy existed until a recent reminder. That’s probably partly due to changes in top leadership since Donald Trump took office.

Even the title of the newly terminated policy is so obviously Democrat: “Delegation to Solicit, Accept and Utilize Gifts Related to the Care of Undocumented Noncitizens in CBP and ICE Custody.”

Calling illegal alien criminals “undocumented” is a favorite Orwellian term among wokies, as if the aliens innocently forgot to complete some unnecessary paperwork.

Watchdog estimates indicate that the Department of Health and Human Services – responsible for trafficking over 320,000 children – alone spent some $22.6 billion on illegal aliens during the Biden era. In early 2024, Newsweek reported that illegal immigration was costing the U.S. $150.7 billion annually across federal, state, and local governments.

And yet, despite all that, CBP says it still needed supplementation from private funds.

That is the scale of the mass illegal alien invasion of our country during the Biden administration.

Tyler Durden
Sun, 09/27/2026 – 10:30

“Coming Monday”: Trump To Roll Back Costly ‘Green’ Rules To Drive Down Car Prices

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“Coming Monday”: Trump To Roll Back Costly ‘Green’ Rules To Drive Down Car Prices

All this “green” technology embedded in vehicles over the last two decades, such as automatic stop-start, cylinder deactivation, turbocharging, advanced transmissions, hybrid systems, and other forms of electric assistance designed to reduce fuel consumption and improve miles per gallon, has made the upfront cost of purchasing a new vehicle unaffordable. 

The average price of a new car has exploded to $50,000, making it unaffordable for many working-class folks. Automakers have to abide by Obama-era and Biden-era “green” climate rules because these climate alarmists supposedly sought to heavily regulate the industry under the guise of saving the planet. In fact, overregulation has driven the cost of driving and maintaining these complex machines to unaffordable levels.

The DEF systems for diesel engines pushed during the Obama era have also added repair costs, maintenance requirements, and costly downtime. Many diesel owners have been infuriated by overregulation of these engines. Talk to any Ford Powerstroke or Dodge Cummins owners; they are no fans of DEF. 

To fix the mess of overregulation and what can only be described as an increase in the upfront cost of new vehicle ownership, as well as thousands of dollars in maintenance bills and headaches, President Trump announced on Saturday that his administration plans to release new fuel-efficiency mandates that roll back costly green mandates.

Trump wrote on Truth Social:

BIG DAY FOR AMERICAN AUTO WORKERS AND CAR BUYERS! I have just approved new Fuel Economy Standards that TERMINATE Sleepy Joe Biden and Pete Boot-EDGE-EDGE’s ridiculous EV Mandate. The Dumocrats cost our Great Auto Manufacturers $Billions, forced Americans into cars they never wanted, and wasted Billions on Chargers that were never built.

These new Standards will take the waste out of building cars in America. That means LOWER PRICES, saving families thousands on a new, beautiful, and safe car — Far better than the Environmental Monsters that we were building heretofore. Every Manufacturer, from General Motors to Ford to Stellantis, has called me wanting to build here, and now they can!

Under my Administration, over $ 100 billion is being invested in American Autos, and that’s just the beginning.

Transportation Secretary Sean Duffy quoted Trump’s Truth Social post on X and responded, “A major victory for America’s auto workers is COMING MONDAY.”

Bloomberg noted, “If the final rule follows December’s proposal, the projected fleetwide fuel-economy average for 2031 would fall to 34.5 miles per gallon from approximately 50.4 mpg under the Biden standards. The final requirements have yet to be released.”

An NHTSA report from last December estimated that the proposed rule could lower upfront vehicle costs by $930, assuming manufacturers pass along the savings. 

Tyler Durden
Sun, 09/27/2026 – 09:55

Mamdani: Socialism “Will Absolutely Translate” Nationwide

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Mamdani: Socialism “Will Absolutely Translate” Nationwide

Authored by Steve Watson via Modernity.news,

New York City Mayor Zohran Mamdani has stopped pretending his socialist vision is just a local experiment.

On CNN International’s Amanpour, the Democratic Socialist was asked whether America is ready to elect people on the hard left – and whether the 2026 midterms will be a referendum not only on President Trump, but on the Democratic Socialists of America.

“I think this will absolutely translate on a national level,” Mamdani said.

Amanpour noted that other Democrats still believe national races reward moderates, and that local energy is one thing, but winning the country is another. Mamdani answered by recasting New York’s cost-of-living crisis as a national mandate.

“While we are an exceptional city, as the greatest city in the world, we also know that the struggles that New Yorkers are facing are the struggles that working-class Americans are facing across the country,” he said.

He continued, “I often say that there’s only one majority in this country, it’s the working class. And their inability to afford housing, childcare, even public transit, that is something that goes beyond any one city.”

Mamdani then pointed to the New Deal and Franklin Roosevelt, arguing that people said the same thing then: it could never work nationally. In his telling, the Democratic Party was once “synonymous with workers” and popular because of it. The implication is obvious. He wants that party back – or rather, a DSA-shaped version of it.

He also claimed New Yorkers care less about how he labels himself than “whether there’s room for them in that description,” accused House Speaker Mike Johnson of talking about him to dodge “current federal policy,” and said “to find ambition in the Democratic Party, we often have to look to history books.”

This is the same argument Mamdani has been making since his slate smashed New York’s Democratic establishment in June. After candidates he backed knocked out incumbents and seized safe House nominations, he told ABC’s Jonathan Karl that a democratic socialist “can get elected anywhere across this country for any position.”

He talked then about “a hunger that is not just felt by New Yorkers, but, frankly, by Americans from coast to coast.” The June winners – including DSA members Claire Valdez and Darializa Avila Chevalier, plus progressive Brad Lander – ran on tax-the-rich politics, attacks on Israel, and, in several cases, abolishing ICE. In deep-blue New York districts, that was enough.

Republicans have already treated the results as a gift. Johnson said after the sweep: “The Democratic party, the socialists, the Marxists, have nominated some of the most radical candidates to ever run for office, and they’re running for Congress. The insurgent left is on the rise.”

Mamdani now wants that rise treated as proof the rest of America is waiting for the same program.

A CNN poll in late July found about a third of Democrats and Democratic-leaning adults now identify as democratic socialists. They skew younger. They are more eager to yank the party left. They are nearly twice as likely as other Democrats to want that shift on policy. Nearly half of them would be enthusiastic about a candidate who wants to cut U.S. support for Israel, compared with 20 percent of non-socialist Democrats.

Among those expressing an opinion, nearly all viewed Mamdani and Rep. Alexandria Ocasio-Cortez favorably. Most Democratic-aligned adults said they would at least be “OK” with nominating a democratic socialist. The center of gravity inside the party has moved. Mamdani is not inventing that. He is trying to nationalize it.

Moderate leftists, such as Bill Maher, are warning that the far left has completely taken over the Democratic Party.

“We already know what he is because it’s in his own statements and the people he hires,” Maher said. He pointed to tenant advocate Cea Weaver, who said “let’s elect more communists.” Maher’s verdict: “Look, this is not like something you have to really figure out. ‘Elect more communists.’ That’s a communist.”

“Communism. It’s a political philosophy. It’s an economic philosophy,” Maher added. “You’re allowed to believe it. You’re allowed to vote for it. Let’s just not pretend that that’s not what this is.“

Americans have already heard what Mamdani thinks the country is. On the 250th anniversary of the United States, the Ugandan-born mayor used the occasion to lecture the nation that gave him office.

“America, in their view, is an arena of supremacy, where only a select few are allowed freedom, where not all are created equal,” he said of “the powerful.” He claimed it “belongs only to those with the right accent or the right shade of skin.” He accused the Trump administration of running a country “that persecutes those seeking asylum.”

The rest was a familiar grievance list: hungry children and “the world’s first trillionaire,” “oligarchs who buy elections,” “masked agents terrorizing our streets,” ICE that “invades our neighborhoods,” health insurers who “exploit the sick,” “corporate landlords,” and tax dollars spent “on bombs and bailouts.”

That is the worldview he now says will “translate.” Not just free buses and city grocery stores. A politics that treats immigration enforcement as an invasion and American history as a story of supremacy waiting to be rewritten.

The sales pitch does not run on speeches alone. An investigation this month found City Hall has cultivated a network of nearly 200 online creators to push administration material. Much of it moves through a private Signal group called “NYC Creators Announcements,” overseen by Emilia Rowland, City Hall’s $175,000-a-year Director of New Media and Cultural Communications. Communications Director Anna Bhar makes $260,000.

The network grew out of the campaign-era Creators4Zohran operation. Columbia Journalism Review did not find creators being paid simply to praise Mamdani. It did find that some influencers in that ecosystem have received taxpayer-funded pay for city advertising and public-messaging campaigns.

This is what “ambition” looks like in Mamdani’s Democratic Party: a socialist mayor, a growing DSA bench, a third of Democrats now comfortable with the label, and a taxpayer-adjacent content army to make it sound like common sense.

Mamdani keeps saying there is only one majority in America – the working class. The wager he is making is that those voters want New York’s socialist experiment exported. The rest of the country get a vote on that in November.

Tyler Durden
Sun, 09/27/2026 – 09:20

Hormuz Oil Flows Rebound To Two-Thirds Prewar Level As Iran’s Grip Erodes, Attacks 19 Ships

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Hormuz Oil Flows Rebound To Two-Thirds Prewar Level As Iran’s Grip Erodes, Attacks 19 Ships

Rory Johnston, a Toronto-based oil analyst and the founder of Commodity Context, an independent oil market research firm, wrote on X this weekend that oil shipments through the Strait of Hormuz have recovered to roughly two-thirds of prewar levels, driven by a surge in Saudi exports. This suggests that Tehran’s leverage over the critical maritime chokepoint has eroded.

“Hormuz oil flows can’t possibly be above 13 MMbpd bc crude is over $100,” Johnston wrote in the post on Saturday, citing Kpler data.

He added, “Brother, if you had told an oil analyst in January that Hormuz flows were still down 7 MMbpd after >200 days of war, with the East-West pipeline hobbled, and oil was ONLY $100 they’d have looked at you like.”

Saudi Arabia is driving the recovery. The kingdom’s crude exports averaged 5.28 million barrels a day during September’s first 23 days, the strongest pace since the conflict began, according to Bloomberg ship-tracking data. About 3.4 million barrels a day were loaded at Gulf ports, reversing the near-total retreat from those terminals earlier in the war.

Courtesy of Commodity Context … 

“Hormuz is no longer behaving like a chokepoint under effective Iranian control. Hormuz oil flows are now above 13.5 mb/d on a 7-day average,” energy analyst Art Berman wrote on X, quoting Johnston’s post.

Berman said, “The biggest increase is Saudi Arabia’s Gulf loading surge. That changes the strategic picture. Iran can still attack ships, raise insurance costs and make the strait dangerous. But danger is not the same as control. The more oil that clears Hormuz, the more Iran’s leverage shifts from blocking flows to merely imposing costs.”

Doha-based QNB Financial Services wrote in a note to clients earlier today that “Qatar has ramped up liquefied natural gas tanker traffic through the Strait of Hormuz to the highest in more than two months, a sign it’s becoming more comfortable moving ships through the waterway.” 

Hostilities in the narrow strait continued for a second night, according to Bloomberg, citing reports from the semi-official Fars news agency that Iranian armed forces had targeted 19 ships attempting to use authorized routes in the waterway over the preceding 48 hours.

On Saturday morning, President Trump told reporters on the White House lawn that he had rejected an Iranian proposal for a seven-day ceasefire and was open to resuming attacks on the Islamic Republic after the midterms.

By Sunday morning, Bloomberg reported that Iranian Foreign Minister Abbas Araghchi was still waiting for a definitive US response through mediators Qatar and Pakistan, despite Trump’s public dismissal of the seven-day plan.

The one major escalation risk that may emerge after the midterms is a renewed US bombing campaign, potentially accompanied by cyber operations against Iranian energy infrastructure such as Kharg Island. For energy markets already strained by a global refining crisis, the post-election period warrants close attention.

Tyler Durden
Sun, 09/27/2026 – 08:45

How Many Ministries Of Truth Does One Country Need

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How Many Ministries Of Truth Does One Country Need

How many Ministries of Truth does one country need? With Andy Burnham announcing yet another, Prof Michael Rainsborough points out that Britain’s “narratives of decline” arise because the country is, in fact, declining…

Authored by Michael Rainsborough via The Daily Sceptic

In previous essays I have sought to describe the political condition into which Britain and other Western democracies have been drifting by offering various analogies.

At first, I tried being serious. My initial forays drew comparisons with the post-totalitarian societies of late communist Eastern Europe, where the widening distance between official propaganda and observable reality produced an ever-greater institutional effort to enforce the official world view. Later essays pursued the analogy more directly, asking whether Britain was becoming increasingly Sovietised, with some of the same characteristics of a political order in severe decline becoming recognisable. With the supply of serious comparisons running low, and the ironies apparently passing unnoticed, there seemed little left to do except laugh.

Once the absurdities become difficult to describe with a straight face, parody is the logical next step. The difficulty now has been making the exaggeration last until publication. Institutions and bureaucratic inventions for comic effect have acquired real-world counterparts before the joke has had time to land.

WISDOM escapes into the wild

A few weeks back my satirical turn took the form of ‘The Spy Who Came in From the Consensus‘, a John le Carré spoof in which the machinery of the contemporary British state deployed its formidable powers of information gathering to confirm what it already believed. At the centre of the story was WISDOM, the Whole-of-Institution Strategic Data and Outcomes Management system. Created to defend Britain against foreign disinformation, it soon graduated to monitoring “harmful narratives”, “problematic nostalgia”, declining trust and negative sentiment about immigration. A genuine photograph of migrants arriving on a beach was flagged for “decontextualised visual framing”. Requests for original sources and factual corrections became possible indicators of hostile interference.

Having begun by investigating Russia, China and Iran, WISDOM eventually discovered that the most troublesome source of misinformation about Britain was British people’s stubborn attachment to feeling British. WISDOM’s final diagnosis of the country’s deteriorating social cohesion was commendably concise: “The problem isn’t the problem, the problem is the people noticing the problem.“

On Tuesday, Prime Minister Andy Burnham stood before the United Nations and announced the creation of a National Centre for Information Defence. Barely had WISDOM escaped onto the page before reality began catching up with the satire.

According to Burnham, NCID will detect, attribute and disrupt hostile-state information attacks. He cited Russian bots masquerading as British citizens, fake websites, fabricated reports, forged newspaper branding and covert interference. Most insidious of all, naturally, was the amplification of “far Right narratives“. Russia, Burnham said, was creating a narrative of British decline. Britain, he claimed, had surrendered too much ground to those promoting such an account.

Burnham insisted that the “negative” and “corrosive” narrative about life in Britain “bears no resemblance to reality“. A few moments later in the very same speech, Burnham described people struggling with the “cost of living”, lives that were “not improving”, young people outside employment, education or training, widening inequality and a society vulnerable to division. Making life more affordable, he then announced, would lie at the heart of a new “10-year plan” for Britain.

The narrative of decline therefore bears no resemblance to reality, although reality apparently requires a 10-year plan.

Burnham began his speech alleging that Russian agencies had forged BBC branding, faked websites and used bots to “stoke tension”, “spread lies” and “play on people’s fears”. There is nothing inherently implausible about any of this. A fake newspaper article is false. A Russian bot pretending to be Derek from Wolverhampton is not Derek from Wolverhampton. No doubt Russia conducts information operations against its enemies, as does nearly every other major nation. It’s part of statecraft. It always has been.

However, contentions about whether Britain is declining, its economy is struggling, its institutions are failing or its social cohesion is deteriorating are not in themselves acts of deception. Arguments about the condition of the country do not become disinformation because somebody in Moscow presses the retweet button. For all the concern about foreign deception operations, Britons are perfectly capable of looking at their country and coming to what the Government perceives as the “wrong” conclusions without Russian assistance.

WISDOM would have understood the problem and known what to do. It would recommend the immediate establishment of a National Centre for Information Defence.

The irony is that Whitehall already has an expanding bureaucracy operating across this field. Britain has units dealing with misinformation, hostile states, strategic communications, cyber interference and influence operations. Having concluded that these arrangements are fragmented and overlapping, Whitehall has reached for its traditional instrument of administrative simplification: another organisation.

Maybe the Russians should be warned that Britain now has so many organisations watching for hostile information that any Kremlin operative attempting to penetrate them risks dying of old age during the induction process.

Why, exactly, does Britain need another one?

The Department of Additional Departments

The case for another organisation becomes less obvious once the existing machinery is examined. Most obviously, there is the National Security Online Information Team, formerly the Counter Disinformation Unit, which already leads the Government’s operational response to online information threats. Its remit covers misinformation and disinformation affecting national security and public safety, online narratives and attempts artificially to manipulate the information environment. A foreign power conducting the activities Burnham described at the United Nations would therefore fall comfortably within its field of interest.

Should the threat be more obviously the work of a hostile state, the Joint State Threats Assessment Team within MI5 provides cross-government analysis of hostile-state activity. The Home Office also has its now infamous Research, Information and Communications Unit (RICU), concerned particularly with extremist propaganda and counter-narratives. The National Cyber Security Centre deals with cyber threats, while the Armed Forces possess 77th Brigade and its expertise in what the Army calls “information manoeuvre”.

The Foreign Affairs Committee identified the resulting fragmentation in March. Britain’s work against foreign disinformation, it concluded, was dispersed across government and insufficiently coordinated. Its proposed remedy was a statutory, public-facing National Counter Disinformation Centre to bring the disparate effort together. The Government initially agreed only to consider the proposal; the committee duly welcomed Burnham’s announcement when it came.

The remedy has an unmistakable Whitehall logic. Faced with too many bodies doing related things without sufficient coordination, the Government has created another body. By July, seven ministers were responsible for disinformation, prompting the Foreign Affairs Committee Chair to observe that this meant nobody was responsible for it. NCID will now have the unenviable task of bringing order to the organisations created to bring order to the information environment.

Quite how it will do so remains unclear. Its organisation and powers have yet to be specified, as has the practical meaning of Burnham’s promise that it will “disrupt” hostile-state information attacks.

The more consequential question concerns its remit. New bureaucracies acquire officials, definitions, reporting requirements and, sooner or later, things to report. NCID is being created as the Government’s language about information threats extends beyond fabricated stories and covert foreign operations towards the stories Britons tell themselves about Britain.

The question is where countering hostile information ends and policing political interpretation begins.

Your narrative has been marked incorrect

A foreign power doesn’t have to invent Britain’s difficulties. It can select them, exaggerate their significance and distribute them for hostile purposes. None of that alters the underlying facts. If Moscow circulates a photograph of a British pothole, its reasons for doing so have no bearing on whether the pothole exists. Filling it would also deprive the Kremlin of the photograph.

Burnham’s description of a narrative of British decline as “corrosive” therefore raises a different question from whether the claims themselves are true. “Corrosive” describes an effect. A hostile actor may assemble the evidence and promote the bleakest possible account of the country, but neither its involvement nor its purpose settles whether that account is false.

Information defence then begins to move beyond establishing what is true and who is responsible for spreading it into judging which conclusions drawn from the facts are damaging. A false claim can be tested; a covert foreign operation can be investigated and attributed. Whether Britain’s institutions are failing, its social cohesion is deteriorating or the country is in decline cannot be settled in the same way. These are political judgements made from evidence over which citizens are entitled to disagree.

Disagreement over those conclusions is the ordinary stuff of politics. Governments marshal statistics, advertise successes, blame their predecessors and assure the country that recovery is under way; oppositions inspect much the same landscape and announce national ruin. Newspapers offer further diagnoses, while citizens remain obstinately free to believe whichever account best accords with what they can see around them. None of this requires an official referee to determine which interpretation of Britain has passed the national resilience test.

A foreign power can promote an account of British decline for hostile purposes without making that account either true or false. Russian propagandists can describe Britain as declining for hostile purposes; a Briton can reach the same conclusion after waiting six weeks for a doctor’s appointment. That they reach the same conclusion proves nothing about whether it is correct. Still less does Russian endorsement render it false. Otherwise, any genuine grievance can acquire the taint of disinformation once Moscow notices it.

Conflating hostile provenance with the truth of what is being said changes the purpose of information defence. A government concerned about foreign manipulation has every reason to identify covert networks, expose fabricated material and attribute hostile operations. Once attention turns to the political conclusions citizens draw from genuine conditions, however, the object has changed. Information defence is no longer simply protecting the public from deception. It is deciding which descriptions of reality the public should distrust.

When dissent becomes a security problem

Britain has some experience of what happens when official categories created to identify security threats expand into lawful political argument. William Shawcross’s Independent Review of Prevent found that RICU analysis intended to identify the extreme Right had extended into centre-Right debate, populism and lawful Right-leaning commentary with no meaningful connection to terrorism. Mainstream conservative books appeared among supposedly significant ideological texts, while a former Conservative minister, Sir Jacob Rees-Mogg, and writer Douglas Murray surfaced in analysis of figures associated with far-Right sympathetic audiences.

The Government accepted Shawcross’s recommendation to reset the threshold, acknowledging that RICU had exceeded its remit by failing to distinguish clearly between mainstream conservative commentary and the extreme Right.

The problem that Shawcross identified was that once lawful political dissent enters analysis intended to assess security threats, monitoring dissent becomes part of the work of institutions created to protect the state. The distinction between identifying threats and scrutinising political disagreement begins to blur.

The National Security Online Information Team provides another example. Big Brother Watch reported, on the basis of subject access requests and other material it obtained, that government counter-disinformation systems had recorded or analysed statements by MPs, journalists, academics and campaigners. Those caught in the machinery included MPs David Davis and Caroline Lucas and journalists Peter Hitchens and Julia Hartley-Brewer, whose comments encompassed lockdown policy, vaccine passports and other contentious political questions. Public statements are obviously available for governments to read; the question is why lawful political criticism should enter an analytical system concerned with misinformation in the first place.

The concern does not depend upon NCID itself acquiring a wider remit. The day after its announcement, Chi Onwurah MP, Chair of the Commons Science and Technology Committee, welcomed the new centre but pointed out that it would not address domestic dis- and misinformation. She urged the Government to revisit her Committee’s recommendations, including measures against the algorithmic amplification of “legal but harmful content”. NCID is intended to counter hostile-state information attacks, but its creation sits within a wider policy debate about government intervention in the information environment that already encompasses domestic speech and lawful content considered harmful.

RICU, NSOIT and NCID have different purposes, and while Chi Onwurah was not proposing that NCID should assume responsibility for domestic speech, the problem exposed by RICU is clear: once the state moves beyond identifying unlawful conduct or demonstrably false information, officials must make judgements about the meaning and effects of lawful expression. A “hostile-state information attack” identifies an adversary and an activity. Burnham’s “corrosive narrative” introduces a judgement about the effect an account of Britain has. ‘Legal but harmful content’ places lawful expression itself within the field of possible intervention. The question therefore ceases to concern only what hostile states are doing to Britain. It extends to which lawful ideas circulating among Britons the state considers harmful.

Reality has failed to meet Government expectations

The late-stage communist experience in Eastern Europe becomes more instructive at the point where the discrepancy between official claims and observable conditions became a political problem in its own right. Bad news could be dismissed as hostile propaganda, dissidents accused of blackening the reputation of the state and foreign broadcasters jammed because they supplied information that contradicted the official account. The worse conditions became, the greater the effort required to protect the state’s description of them. Humour acquired much of its political force from the same discrepancy: people needed no elaborate theory of government when they could compare what they were being told with what they could see.

Western governments now parrot the bureaucratic language of resilience, information integrity, harmful narratives, strategic communications and protecting the information environment. A failure of government can therefore produce a second problem alongside the failure itself: people notice what has gone wrong, draw conclusions from it and lose confidence in the institutions responsible.

Fixing the conditions that produce discontent is harder. Hospital waiting lists have to be shortened, houses built, infrastructure renewed, living standards raised and immigration brought under political control if that is what governments have promised. Fraying social cohesion cannot be repaired by a communications strategy. These things require choices, money, administrative competence and, in some cases, a willingness to confront interests that benefit from the status quo. Explaining that hostile actors are exploiting public anger about them only requires a strategy, a communications team and a meeting.

Once governments become concerned with the conclusions people draw from their failures, political discontent itself begins to acquire the characteristics of a security problem. Declining trust becomes vulnerability to manipulation, anger at political failure becomes an opportunity for hostile actors, and pessimism about the country becomes a “corrosive” narrative against which society must be made resilient.

The danger is always that government starts devoting as much ingenuity to managing the consequences of failure as to correcting its causes. If people believe their country is declining, government can devote greater effort to persuading them that they have misunderstood what they are seeing.

Alternatively, it could actually try to give them less decline to notice.

The Ministry of Too Many Ministries

George Orwell gave us the forbidding image of the Ministry of Truth, a single institution imposing the official version of reality. Terry Gilliam’s 1985 dystopian film Brazil offered a more recognisably bureaucratic version of authoritarianism: a world of forms, malfunctioning computers, incomprehensible departments and officials arguing over which department was responsible for what. The boot stamping on the human face had become entangled in an interdepartmental dispute over who was authorised to wear it.

Britain’s information-security machinery has acquired something of the same bureaucratic character. Responsibility for hostile states, misinformation, extremist communications, cyber threats and information operations is already distributed across a collection of units, teams, agencies and military organisations, with NCID now joining them. Somewhere inside Whitehall there must be an official whose job is to know which acronym is protecting us from which other acronym’s definition of a harmful narrative.

The British road to authoritarianism was never likely to feature torchlight parades. A cross government steering committee was always more plausible, followed by a consultation exercise, an independent review and a procurement contract large enough to require another independent review. If freedom is finally phased out, there will presumably be a mandatory feedback questionnaire.

Adding a National Centre for Information Defence to an already crowded institutional field brings another remit, another set of responsibilities and another definition of the threat. As responsibilities overlap, accountability becomes harder to locate: one department collects, another assesses, another coordinates and another arrives to coordinate the coordination.

Reality has been referred for review

The problem for information defence begins when Britain’s adversaries start telling the truth. A hostile purpose does not make truthful information false, and foreign amplification does not invalidate conclusions Britons draw from conditions they can see for themselves. Once government becomes concerned with those conclusions as well as the truth of the information from which they are drawn, information defence starts to acquire a different purpose.

That was the absurdity behind WISDOM. Three weeks later, the Government unveiled NCID.

The danger lies in the steady expansion of what government considers an information problem. Declining trust becomes a question of resilience, political disaffection a vulnerability to hostile influence and criticism of national decline a corrosive narrative. Eventually the state is concerned not only with whether information is true, but with what people conclude from it.

A free society leaves that judgement to its citizens. Governments can counter lies, expose foreign manipulation and prosecute unlawful conduct. They cannot expect a monopoly over the interpretation of reality, especially when their account of the country conflicts with what people can see for themselves.

And if the discrepancy becomes sufficiently absurd, some people will laugh. Others will decide to do something about it.

Michael Rainsborough is Professor of Strategic Theory and Director of the Centre for Future Defence and National Security, Canberra.

Tyler Durden
Sun, 09/27/2026 – 08:10

US Stealth Bomber Base In UK On “Delta” Alert As Counter-Terror Police Make Arrests, Deploy Bomb Squad Search Of Vans

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US Stealth Bomber Base In UK On “Delta” Alert As Counter-Terror Police Make Arrests, Deploy Bomb Squad Search Of Vans

British counterterrorism police declared a major incident near RAF Fairford, an airbase used by the US Air Force, after several men were arrested on suspicion of explosives offenses. RAF Fairford was reportedly placed on “Delta,” the highest threat level, according to the national news agency Press Association, now known as PA Media.

PA Media reports that military bomb disposal specialists were examining vehicles in Whelford, Gloucestershire, where authorities declared a major incident and evacuated residents from the area.

Villagers have been evacuated from their homes near RAF Fairford, which is used by the United States Air Force (USAF), and the Army’s explosives experts are examining vehicles, police said.

According to the agency, counter-terror police had no advance knowledge of a potential plot.

However, the incident was serious enough for RAF Fairford to block major entrances to the airbase with massive front-end loaders, suggesting concern about a possible vehicle-borne improvised explosive device.

Image per Sky News: 

Why could RAF Fairford have been a target? The US Air Force’s 501st Combat Support Wing operates out of the airbase. It supports B-52, B-1, and B-2 bomber operations that have been crucial in the Gulf conflict against Iran.

Visegrád 24: First image of the suspected terror cell arrested near RAF Fairford from where U.S. strategic bombers B-52 & B-1B hit Iran The men arrested under the Explosives Act had their clothes taken off to see whether they wore suicide vests. 

Visegrád 24: These are the vans that the bomb squad is have a closer look at near RAF Fairford in the UK. RAF Fairford is the base from where the U.S. strategic bombers B-52 and B-1B have been taking off from for striking missions against Iran.

The Independent noted, “The arrests come amid heightened concerns around the threat from hostile states to the UK, with Russia and Iran among those that have used proxies to commit crimes on their behalf on British soil.”

Tyler Durden
Sun, 09/27/2026 – 07:50

The Socialist Indoctrination Machine: Schools Are Teaching Young People To Embrace Big Government, Hate Capitalism

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The Socialist Indoctrination Machine: Schools Are Teaching Young People To Embrace Big Government, Hate Capitalism

Authored by Ken Buck via The Epoch Times,

A recent headline from a well-respected news outlet caught my attention: “Could socialism make America happy again?“

Surely, the article must be satirical, I thought. Who in their right mind would believe that the most oppressive form of government, responsible for hundreds of millions of deaths, horrific living conditions, and the elimination of personal freedoms, would make anyone “happier”?

It wasn’t a joke. Nor are the slew of articles these days proclaiming that “Socialism’s moment is here” and similar findings that show socialism’s popularity is quickly climbing, especially among young people.

America has a socialism problem – or a socialism perception problem. A great swath of our country has bought into the lie that socialism can somehow provide a better quality of life, and it owes largely to progressives’ success transforming our education system into an indoctrination machine.

It’s no secret that higher education has long been a bastion of liberalism. In one recent poll, half of college professors at four-year schools self-identified as liberal, compared to only a quarter who identified as conservative. Conservative faculty were considerably more likely to hide their political affiliations for fear of being fired or retaliated against.

Likewise, a survey in 2020 found that nearly 40 percent of conservative college students did not feel comfortable expressing their political views because they worried their peers might file a complaint against them.

One might think that our country’s institutions of learnings would actively seek to educate young people about the dangers of socialism. There are, after all, numerous examples from recent history. Instead, they preach the evils of free-market competition, which has made the United States a global beacon of hope and freedom for over 250 years.

An annual study this year found that nearly 40 percent of students said that their college classes and activities negatively affected their views of capitalism, compared to less than 10 percent who said their experience improved it. That shouldn’t be a surprise. The same report two years earlier found that faculty were “more often positive toward socialism and negative toward capitalism.”

Today, 46 percent of Americans between the ages of 18 and 34 have a favorable opinion of socialism – more than twice as many compared to those who had a negative opinion of it.

Sadly, the left’s indoctrination program now starts well before college. Students are steeped in the immorality of capitalism and the romanticization of socialism beginning as early as primary grades.

In 2016, a now-often-cited survey found that one-third of millennial and Gen Z students believed more people were killed under former President George W. Bush than by Soviet dictator Joseph Stalin. Almost one in five students did not know who Stalin was.

U.S. civics education hardly seems to be trending in a better direction. A poll by the Victims of Communism Memorial Foundation in 2019 found more than seven in 10 Gen Z students and over six in 10 Millennials said they did not learn about communist regimes throughout their K-12 careers.

In 2022, our country’s National Assessment of Educational Progress scores in U.S. History, which measure students’ knowledge of the subject “in the context of democracy, culture, technological and economic changes,” fell five points from 2018, and 14 points below 2014 averages.

In 1997, following the publication of “The Black Book of Communism” – which estimated that nearly 100 million people died under communist and socialist regimes in the 20th century alone – the late historian and political commentator Tony Judt, himself a staunch liberal, wrote in The New York Times:

“No one will any longer be able to claim ignorance or uncertainty about the criminal nature of communism, and those who had begun to forget will be forced to remember anew.“

But Americans, particularly young people, have forgotten. Or, more appropriately, they have been presented a whitewashed, untrue depiction of socialism that omits the ugly realities and fabricates false comforts. Not surprisingly, they have largely accepted this blissful but ultimately make-believe narrative.

That doesn’t change the truth: Socialism as a system of government has never worked, and it will never work.

It’s time to flip the script in our schools and start teaching our children the truth.

Tyler Durden
Sat, 09/26/2026 – 23:20

California Has Highest Personal Income Tax Rate, 8 States Have None…

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California Has Highest Personal Income Tax Rate, 8 States Have None…

Where you live can make a major difference in the state income tax rate applied to your earnings, with systems ranging from no individual income tax to top marginal rates above 10%.

This map, via Visual Capitalist’s Gabriel Cohen, compares U.S. states based on their top marginal individual income tax rate in 2026 using Tax Foundation data. Both local and federal income tax rates are excluded.

Which States Have No Individual Income Tax?

Eight states levy no individual income tax: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, and Wyoming.

New Hampshire is a relatively recent addition to the list, having repealed its tax on interest and dividends in 2025.

The table below lists all U.S. states and Washington, D.C., alongside their top marginal income tax rate and tax system.

State Top marginal tax rate in 2026 (%) Income Tax System
Alabama 5 Graduated-Rate
Alaska 0 None
Arizona 2.5 Flat
Arkansas 3.9 Graduated-Rate
California 13.3 Graduated-Rate
Colorado 4.4 Flat
Connecticut 6.99 Graduated-Rate
Delaware 6.6 Graduated-Rate
Florida 0 None
Georgia 5.19 Flat
Hawaii 11 Graduated-Rate
Idaho 5.3 Flat
Illinois 4.95 Flat
Indiana 2.95 Flat
Iowa 3.8 Graduated-Rate
Kansas 5.58 Graduated-Rate
Kentucky 3.5 Flat
Louisiana 3 Flat
Maine 7.15 Graduated-Rate
Maryland 6.5 Graduated-Rate
Massachusetts 9 Graduated-Rate
Michigan 4.25 Flat
Minnesota 9.85 Graduated-Rate
Mississippi 4 Flat
Missouri 4.7 Graduated-Rate
Montana 5.65 Graduated-Rate
Nebraska 4.55 Graduated-Rate
Nevada 0 None
New Hampshire 0 None
New Jersey 10.75 Graduated-Rate
New Mexico 5.9 Graduated-Rate
New York 10.9 Graduated-Rate
North Carolina 3.99 Flat
North Dakota 2.5 Graduated-Rate
Ohio 2.75 Flat
Oklahoma 4.5 Graduated-Rate
Oregon 9.9 Graduated-Rate
Pennsylvania 3.07 Flat
Rhode Island 5.99 Graduated-Rate
South Carolina 6 Graduated-Rate
South Dakota 0 None
Tennessee 0 None
Texas 0 None
Utah 4.5 Flat
Vermont 8.75 Graduated-Rate
Virginia 5.75 Graduated-Rate
Washington* 9 Graduated-Rate
West Virginia 4.82 Graduated-Rate
Wisconsin 7.65 Graduated-Rate
Wyoming 0 None
D.C. 10.75 Graduated-Rate

*Washington rate only applies to capital gains income above $278k.

Having no individual income tax does not mean residents avoid taxes altogether. Each of these eight states levies other taxes to raise government revenue.

Texas, for example, has some of the highest property tax rates in the country, while Tennessee’s high combined state and local sales tax shifts more of the tax burden toward consumer spending.

Some states also benefit from revenue generated by specific industries. Nevada collects substantial gaming taxes, while Alaska taxes oil and gas companies operating in the state.

How Flat Income Taxes Work

Another 15 states use a flat individual income tax, applying a single statutory rate to taxable income rather than progressively higher rates as income rises.

States with flat income taxes include major Midwestern economies such as Illinois (4.95%) and Michigan (4.25%), as well as Mountain West states including Colorado (4.4%) and Utah (4.5%). Idaho’s 5.3% rate is the highest flat individual income tax rate in the country.

Individual tax bills can still vary based on deductions, exemptions, credits, and other state-specific rules. Efforts to replace flat taxes with graduated systems have also failed in some states. In Illinois, for example, voters rejected a 2020 proposal to allow a graduated income tax.

Where Top Marginal Tax Rates Are Highest

Most states instead use graduated income tax systems, in which higher portions of taxable income are subject to higher rates, similar to the federal tax system. Washington, D.C., also uses a graduated system, with a top marginal rate of 10.75%.

California, the largest state economy in the country, has the highest top marginal rate at 13.3%. This rate applies only to taxable income above $1 million for single filers. California is followed by Hawaii at 11% and New York at 10.9%, which also rank among the states with the highest overall tax burdens nationwide.

Top marginal rates do not tell the whole story. The income threshold at which each rate takes effect can significantly affect how much tax a person ultimately owes. In Virginia, for example, the state’s top rate of 5.75% begins above just $17,000 in taxable income, while California’s 13.3% top rate applies above $1 million for single filers.

To compare personal income tax rates around the world, check out Global Personal Income Tax Rates on Voronoi.

Tyler Durden
Sat, 09/26/2026 – 22:45