Why can’t we do that for high speed rail instead?

Basic questions like “is he alive?”

We got frog boiled in the 2010s to accept renting out media. Me and my sandisk Sansa clip still go for walks listening to mp3s. I wonder if devices like this will see a resurgence under the idea that owning it gives you control of your media.

Will ICE deport them to the UK?

The market is finally starting to question if there will be an ROI to all the capex.

My mind went there as well. Are we clones?

Grok is this true?

Yeah but they make the rules

Why 2%? A couple reasons, let’s start with the more mathematical one:

2% is the rate that would effectively address the regressive features of the current tax system. On average, billionaires earn a 6% return on their wealth each year. A 2% tax on their wealth would be similar to a tax of 33% (two divided by six) on their income, typically what the rich (but not the super-rich) already pay.

Thus the 2% wealth tax would simply close the gap between the principle of tax equality and the current tax laws. If you make it less than 2% you continue sending the message that it is acceptable for billionaires to contribute less to public goods and services than the rest of the population.

The other reason is that 2% is a moderate starting point to make it politically more tenable. We have to adopt the concept of course correcting as we go, embracing the idea that we won’t get to the goal in a straight line but we have to start running towards it. We may not pick the fastest route but we have to start moving first. And this 2% has to be in our minds the floor, not the ceiling rate.

And as a clarification this is 2% on wealth, not income. 25% wealth tax would be DOA since as I said above their wealth increased on average by 6%. And 2% wealth tax comes out to be proportional to a 33% income tax which is in line with your thinking. So it all works out!

We need a wealth tax. 2% minimum tax on net wealth $100 million and above. If they pay income tax equal to the 2% minimum wealth tax then they don’t pay the wealth tax.

They can pay the wealth tax either by selling stock or transferring stock to a new sovereign fund. But they have to pay the tax, no exceptions.

Right now everything’s against you if you live off your wages. And everything’s great if you live off your investments. We’re taxing people’s labor too much, and wealth too little.

What’s the biggest blunder you remember?

This news is old referring to Asia’s Monday opening, which is in a sense just following the price action of the US stock market from Friday which was red.

Today the US stock market was green, and the Korean stock market is up 3.6% right now.

News articles this old should not be posted imo.

It’s not young vs old, it’s capital-owning class vs everyone else. AI is trying to solve a trillion dollar problem: paying wages. If you live off wages you hate ai because it endangers your livelihood. If you live off your capital you love ai because you get more of the pie.

In California the property taxes are such that it punishes people that didn’t buy a house 30 years ago. The apartment I rent pays property taxes on a valuation of ~$250k. This property just went for sale at $1.2 million. Whoever buys it now will pay property taxes on a $1.2 million valuation, while right now due to how the law is structured, the current owner pays taxes on $250k.

It’s just a big fuck you by the system. The tax law was modified because they saw that if they kept increasing the tax proportionally with the market value of the home, soon a bunch people would lose their homes because wages are stagnant and home prices are rocketing. So they passed this cap that helps current homeowners.

I don’t know if there is a reasonable tax under these conditions where home speculation and investment-mindset inflates home prices while wages are stagnant and inflation is a bustling.

Do wealth tax instead!!!

Inequality is the cause of poor living standards. We need higher taxes on inheritance, wealth. And weaker taxes on workers.

In the words of Trump to a soldier’s widow: “he knew what he signed up for”

I would like to learn more, do you have some links? Or where are you hearing about these?

Get some stocks, be a cynical investor and at least make money. The powers that be are going to keep printing money to inflate the debt away. Lower interest rates might be in the horizon too. All these inflationary forces are unlikely to stop any time soon. Benefit from this by owning assets. Most of us are priced out of property, so stocks of high quality companies are the last place we can go to own an asset that can benefit from all this inflation.

Lastly, and this so much easier said than done, unionize. The article touches on this but the disparate wealth redistribution and inequality of today is traced back to the weakening of unions.

From what I’ve found this part of the case is more about legal theory: is uber liable for criminal conduct by drivers? The jury said yes they are.

The sexual assault is still described as alleged in the articles so I think that part is still up for trial?

They want full control of narratives. They’ve got cbs, tik tok and twitter.