Tax Debate: Want to Pay More?

Market Sizzle: Tax Wars, Restaurant Boom, Copper Glut, Nvidia Surge ͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­ Forwarded this email? [Subscribe here]() for more [Tax Debate: Want to Pay More?]( Market Sizzle: Tax Wars, Restaurant Boom, Copper Glut, Nvidia Surge [Josh Belanger](joshbelanger) Jun 19 joshbelanger   [READ IN APP](   It’s Juneteenth, and while the US markets are taking a breather, the world keeps spinning and money never sleeps, pal! So let’s dive into what’s sizzling in the global market today. Tax Wars: Dems vs. GOP The U.S. corporate tax rate is a hot topic. Democrats want it at 28%, while Republicans aim for 15%. Biden's plan would make the U.S. rate one of the highest among major economies. Trump prefers a 20% rate. Each percentage point change means $130 billion in tax revenue over ten years. Companies are closely watching this debate. Higher taxes could hurt the economy but generate more money. Shareholders, often wealthier, bear most of the tax costs. Why it matters: This debate matters because it impacts jobs, investments, and the overall economy. What happens next could affect your wallet and future. Higher corporate taxes might mean less money for companies to hire workers or invest in growth. Lower taxes might mean less money for government services. Everyone, from business owners to workers, has a stake in the outcome. Restaurant Boom Stuns Property Owners Property owners used to see restaurants as risky. Now, dining out is booming and boosting retail real estate. Last year, food services made up 19% of all retail leases, the highest since 2007. Americans are dining out more, thanks to low unemployment and rising wages. The average household spent 53% of its food budget on eating out. This trend helped retail real estate recover from the pandemic. Total restaurant sales are set to top $1.1 trillion this year. Chipotle is expanding fast, with new locations and drive-throughs. Property owners now see restaurants as valuable tenants. Rising rents and occupancy levels prove it. Although costs are rising, the restaurant industry is still growing strong. Why it matters: This matters because it shows a shift in how we spend money. More dining out means changes in job markets, real estate, and local economies. If you love eating out, expect more choices. If you're a property owner, this could be a profitable trend to watch. China’s Copper Crisis China's warehouses are overflowing with copper. Stockpiles in Shanghai have reached the highest level since 2020, hitting 330,000 tonnes. Manufacturers in China, Asia's largest economy, have pulled back on buying due to high prices and low consumer demand. Copper is crucial for electrical wiring, plumbing, and electric vehicles (EVs). The real estate slump in China has reduced the need for these materials. Prices soared to $11,000 per tonne last month but have since dropped 13% to $9,600 per tonne due to weak demand. Analysts say this surplus shows China's industrial struggles. However, global copper inventories remain low, risking future price spikes. China's copper sector faces upheaval as more smelting capacity is added worldwide, increasing supply further. Why it matters: This matters because copper is essential for many industries, especially electric vehicles. A copper glut in China signals a slowdown in its massive manufacturing sector, which can affect global supply chains and economies. For investors, this could mean volatility in commodity prices and markets. For businesses, it could lead to fluctuating material costs and supply chain disruptions, impacting the growing EV market. Nvidia Tops Apple and Microsoft Nvidia has become the world's most valuable company, surpassing Apple and Microsoft, driven by demand for its AI chips. Nvidia's shares rose 3.2% to $135.18, making its market value $3.332 trillion. The company's rapid growth, fueled by AI, has significantly boosted the S&P 500. Founded 31 years ago to make graphics cards, Nvidia now sees massive revenue growth. Its shares have jumped 170% this year. Major tech companies like Google, Microsoft, and Amazon use Nvidia’s GPUs for their cloud services. Why it matters: It raises concerns about a potential AI bubble. As competition increases, chip prices will drop, affecting Nvidia’s long-term profitability. Quick Sizzles: - Gold Fever: Despite record prices, rich countries' central banks are buying more gold, shifting reserves away from the US dollar. - Switzerland's Wealth Throne Threatened: UBS warns Switzerland may lose its wealth crown to Hong Kong if it doesn't stay globally competitive. - Gen Z Trades Up: Gen Z is making skilled trades trendy, earning big through social media fame in plumbing, carpentry, and electrical work. That's a wrap for today's Market Sizzle! You're currently a free subscriber to [Josh Belanger](. 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