Make Me Smart Economics on Tap: Airport Edition
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May 2, 2025 The discussion kicks off with the impact of Trump's removal of the de minimis exemption, hinting at rising consumer prices. Controversial policies, including threats to Harvard’s tax status and cuts to NASA, raise eyebrows. They explore the unsettling potential of biometrics with World ID and iris scanning. Meanwhile, a new fantasy film league offers film buffs a chance to curate their own rosters. Finally, the concept of mini retirements shines a light on work-life balance, encouraging professionals to rethink time off.
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Tariff Impact Now Visible
- Removing the de minimis shipping exemption exposes Americans to visible tariff price increases.
- This visibility will test public support for tariffs as shoppers will directly feel the impact on everyday items.
Illegal Threat on Harvard’s Status
- President Trump's threat to revoke Harvard's tax-exempt status is illegal under U.S. law.
- This signals a shift toward using tax status revocation as political retribution, worrying nonprofits.
NASA Budget Cuts Concern
- Cutting $6 billion from NASA funding undercuts broad research beyond Mars exploration.
- The move jeopardizes climate research and other science projects, not just space missions.