Introduction A tax cut that appeared to provide the average household with $1,600–$2,900 in annual savings was more than offset by the broader economic effects of inflation, higher borrowing costs, and increased federal debt. After accounting for these costs, the average household experienced an estimated net loss of approximately $3,000 per year, along with an […]
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The Optimal Wealth-Building Strategy for Children: Combining Trump Accounts, 529 Plans, and Roth IRAs
A child’s financial future can be strengthened by using multiple savings vehicles, each designed for a different purpose. Rather than choosing only one account, families can combine them strategically to maximize government benefits, tax advantages, and long-term wealth creation. Step 1: Capture the Free Government Contribution For children born between 2025 and 2028, families should […]
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Tariff Refunds Arrive Faster Than Expected, Fueling Sharp Surge in U.S. Trade Deficit
The unexpectedly rapid release of more than $100 billion in tariff refunds is likely amplifying an already sharp increase in U.S. imports, contributing to a much wider trade deficit reported today by the Bureau of Economic Analysis. According to the U.S. Bureau of Economic Analysis (BEA), the international trade deficit jumped 42.2% to $77.6 billion […]
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Tagged economy
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Labor Force Participation Declines Mask Modest Job Growth in Latest BLS Report
Labor Exit Distorts Picture of Employment Gains The U.S. labor force participation rate now stands at 61.5%, according to the latest Bureau of Labor Statistics (BLS) June 2026 report. This metric measures the share of the civilian population aged 16 and older that is either employed or actively seeking work, and it declined from 61.8% […]
The Full Economic Burden of Climate Change in the United States
Beyond Point Estimates: An Ensemble-Based Probabilistic Framework for Estimating the Full Economic Burden of Climate Change in the United States Daniel Brouse and Sidd Mukherjee Abstract Traditional estimates of climate damages generally report single-value estimates or narrow ranges that fail to capture the cascading uncertainty inherent in coupled human-natural systems. Climate change is not a […]
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Addendum: Distinguishing the Benefits of Energy from the Costs of Fossil Fuel Combustion
A common criticism of climate damage accounting is that it focuses on the costs of fossil fuels without acknowledging the benefits they have provided to modern civilization. This criticism conflates two distinct concepts: the benefits of energy and the benefits of burning fossil fuels. This paper does not argue that reliable energy, transportation, heating, cooling, […]
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Quantifying the Climate Tax: The Full Ledger of Harm
Macro-Welfare Frameworks vs. Economic Justice Valuation in the United States Daniel Brouse and Sidd Mukherjee I. Introduction A. Research Problem Climate change imposes large and growing costs on the United States, yet there is still no centralized national ledger that captures the full burden in a unified way. Conventional economic indicators—especially GDP, insured losses, and […]
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Tagged climate change, economy
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The Welfare Cost of Climate Change in the United States
A Per-Capita Estimate of Mortality, Morbidity, and Life-Expectancy Loss in 2025 Daniel Brouse and Siddhartha MukherjeeJune 2026 Abstract: Climate Welfare Accounting Framework (CWAF) Climate change is often discussed in terms of physical damages, disaster losses, or aggregate effects on GDP. Those measures are important, but they understate a central reality: climate change is also a […]
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Tagged climate change, economy
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The Acceleration of U.S. Climate-Linked Economic Burden (1890–2040 Projection)
by Daniel Brouse and Sidd Mukherjee This paper estimates the long-run evolution of U.S. climate-related economic burdens and finds strong evidence of nonlinear acceleration. Using a reconstructed baseline in the late 19th century and an integrated 2025 estimate of approximately $1.5 trillion annually in climate-attributable economic losses, we estimate that the effective doubling time of […]
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The 2025 Cost of Climate Change in the United States
Estimating the Per-Person Economic Burden of Extreme Weather, Insurance Destabilization, Climate Inflation, and Health Impacts A reasonable all-in estimate for the 2025 economic burden of climate change on the United States is about $1.5 trillion, or roughly $4,400 per person. For a family of four, the implied annual burden is roughly $17,600. That burden extends […]
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