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Unleash Prosperity Hotline
Issue #1302
07/09/2025
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1) Deaths from Floods and Severe Weather Events at an All-Time Low
In the aftermath of the heartbreaking tragedy this past week of more than 100 deaths (mostly children) from the flash flood in Texas, we can take some solace in the chart below. The death rate from floods, hurricanes, droughts, tornadoes, severe heat, and other acts of nature continue to fall and is down by 90% over the past century.
We are all horrified by the deaths in Texas in part because events like this are so rare, not because they are so common.
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2) ESG Is for Losers
No group over the last several years has done more to expose the scam of green investing than we at Unleash Prosperity. Our annual Pension Politics ([link removed]) report has alerted investors to which big money management firms with trillions of dollars of investment capital are playing the ESG racket and are yielding lower returns for mom and pop investors and worker pension funds. (Our 2025 report card should be out in a month or so.)
Yesterday a Wall Street Journal news analysis confirms our skepticism in the wisdom of woke investing:
Defenders of environmental, social and governance investing have mostly given up their strongest claim, that of doing well by doing good: that you can beat the market while helping improve the world. A new study finds that even their weaker financial claims don't stand up to scrutiny...
The new research by Scientific Beta's Giovanni Bruno, Felix Goltz and Antoine Naly looked at more than 200 ESG factors used to optimize a portfolio to balance performance and risk, and found that they offered no improvement over traditional financial factors.
If it's maximum return on your money you're after, you may do better buying the stocks the climate fanatics are selling!
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3) Gavin’s Gambit: Make South Carolina Look Like California
California governor, Gavin Newsom, is in full campaign mode for a presidential run in 2028. Bring it on!
He’s spending much of this week in the early primary state of South Carolina introducing himself to the voters down in Dixie.
But we doubt South Carolina voters are buying what he’s selling.
Jon Fleischman, the editor of California's Flash Report news service, compares the tax levies in the two states:
The CA income tax is twice as high. Here's another amazing factoid: A $500,000 home in South Carolina incurs about $2,300 in annual property taxes; in California, it’s roughly $3,550.
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4) Even in Sweden the Radical Climate Agenda Is in Retreat
Seven years ago, under pressure from local climate change celebrity whiner Greta Thunberg, Sweden imposed a tax of up to $45 on all departing airline flights in an attempt to reduce global carbon dioxide emissions. It was quickly dubbed the "flight shaming" tax, and was adopted by Britain, Australia and ten other countries.
But taxing air travel has clearly side-swiped Sweden's economy. Sweden's international flights have dropped by a third and smaller rural airports are in danger of closing.
So as of July 1, the flight tax, which in Swedish is appropriately known as the "flygscam," is no more. The positive results have been immediate. Ryanair, which had dropped all domestic Swedish flights, is introducing ten new routes.
Travel and Tour World says, "Sweden's decision to abolish the air tax marks a turning point in the debate between economic growth and environmental sustainability." The number one candidate for change should be Britain, where the flight shaming tax adds between $9 and $300 to the cost of departing flights depending on distance and class. The average is over $40.
We think other countries who want to revive their stagnant airline markets will follow Sweden's example. And we can just hear Greta's signature primal scream: "HOW DARE YOU!"
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5) OpenAI CEO Sam Altman Responds to Zohran Mamdani
Altman responded to New York City Democratic mayoral candidate Zohran Mamdani's comment that "we shouldn't have billionaires" in a must-read X post on the Fourth of July:
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6) The Deaths from Tax Cuts Are Happening Already
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