capitalism
- Started
- Last post
- 1,400 Responses
- palimpsest-2
How does taxing the rich increase the minimum wage?
Asking for a friend.- It doesn't.Morning_star
- Trickle up economicsIanbolton
- whats happened here is you've mixed up the words AND and BYkingsteven
- Increase min wage, people have more cash, will buy more stocks, so billionaires will get even richer lolgrafician
- We need to increase the minimum wage AND recycle.
Am I doing it right?palimpsest - How does “and” worknb
- Magnets, and how do they work?palimpsest
- Thats £5.42 and hour which is a pittance. (UK its £9.50 for 23 years olds and over)SlashPeckham
- It's Elon Musk's fault.palimpsest
- PhanLo1
- Yes she's the best
https://www.qbn.com/…grafician - The squad aren’t gonna like thisGnash
- The squad probably got a little starte pack to keep them quiet. Nancy needs her ice creams.PhanLo
- Yes she's the best
- sted0
export to asian and europe,
prices are on record high in Europe.
- PhanLo0
- simple solution. stop illegal immigration. simple supply and demand economicshotroddy
- nevermind. i didn't read it fully. this is probably happening.hotroddy
- hotroddy.compalimpsest
- LOLpango
- legally speaking, prisoners are slaves.cannonball1978
- PhanLo0
Trailer for below
- PhanLo5
- Big Pharma, Congress, Wall Street, Doctors, Pharmacists, Lawyers and Street Dealers Alike...Are ALL To Blame.
– God Bless American Greed!utopian - and 0 convictions, yet the guy addicted to these opioids that robs the gas station gets life._niko
- It's good they helped out the heroin dealers by getting 4/5 users started on their drugs.PhanLo
- love Georg Rockall-SchmidtLeigh
- Big Pharma, Congress, Wall Street, Doctors, Pharmacists, Lawyers and Street Dealers Alike...Are ALL To Blame.
- utopian4
America’s nearly 750 billionaires collectively got $1 trillion richer in 2021, a tax-free 25% gain, according to calculations by Americans for Tax Fairness (ATF) based on Forbes data. Their wealth rose from $4.1 trillion to $5.1 trillion over the 12 months ended on Dec. 31. That wealth rise could fund half of the Democrats’ proposed 10-year, roughly $2 trillion Build Back Better plan of social and environmental investments.
Go here for the full data set and see the top 15 billionaires table below. The number of U.S. billionaires rose from 659 to 736 during the year.
Under current law, none of that gain will ever be taxed unless the underlying assets are sold—something the very rich generally don’t need to do to lead lives of luxury. But if the Billionaires Income Tax (BIT) proposed by Sen. Ron Wyden had been law last year, billionaires would owe up to $240 billion on their 2021 wealth gains, depending on how much of that wealth gain was derived from tradable assets such as stock.
- Right, Build Back Better didn't pass because of insufficient funds.palimpsest
- You seem to be confusing income with growth.Morning_star
- Thanks, Elon.palimpsest
- every single one started as dishwashersandpipe
- Shapeshifters.palimpsest
- That's how investments work. They aren't taxed until they are accessed. They just sit there, so it's all paper money now.formed
- That also contradicts itself. It's click-bait, sensationalized bs. Either state what it is and discuss or don't state anything at all.formed
- (not pointing fingers at you U, but whoever wrote that wrote it to stir emotions, not present reality)formed
- grafician-1
"Warren Buffett makes over $120 billion on Apple's rise to $3 trillion, among his best bets ever"
"The 5% Apple stake Berkshire Hathaway acquired in 2018 for $36 billion is now worth $160 billion as the tech giant hit the $3 trillion milestone.
Warren Buffett's conglomerate has also enjoyed regular dividends from Apple, averaging about $775 million annually.
Berkshire's Apple stake now makes up more than 40% of its equity portfolio."
- utopian2
Sixteen major U.S. universities and Ivy League schools have been accused of violating antitrust laws by collaborating to determine student financial aid awards, according to a lawsuit filed Sunday.
The case in Illinois federal court is on behalf of five former students who allege that the universities practiced price-fixing and unfairly limited aid by using a shared strategy to determine financial needs, The Wall Street Journal reported.
The named schools are Yale University, Georgetown University, Northwestern University, Brown University, the California Institute of Technology, the University of Chicago, Columbia University, Cornell University, Dartmouth College, Duke University, Emory University, the Massachusetts Institute of Technology, the University of Notre Dame, the University of Pennsylvania, Rice University and Vanderbilt University.
- akiersky1
Old thread, still good
https://twitter.com/AlexandraEri…- 280 characters worth of bullshit and over simplification. Listening to an author for global economic guidance is like listening to Rogan for vaccination advice.Morning_star
- I just picked one tweet out of the thread that summarized her point. But sure, keep bailing out the corporations... it's worked so well for the past 40 yearsakiersky
- The whole thread is the same trite, unrealistic, virtue signalling hot air.
And the government bailing out corporations is more communist than capitalist.Morning_star - It's never capitalism's fault. It's the best system. Nothing better can be achieved until the end of time. We're at peak society.PhanLo
- The Capitalist system, like Communism is tainted irrevocably by the presence of humans. In books of fiction and dreams are a utopian ideal, and that...Morning_star
- ...is the only place.Morning_star
- lol @ “every time”
Name one time? What am I missing?monospaced
- utopian1
The world's 10 richest men have made so much money during the pandemic that a one-time 99% tax on their gains could pay for all COVID-19 vaccine production and more.
"Billionaires have had a terrific pandemic. Central banks pumped trillions of dollars into financial markets to save the economy, yet much of that has ended up lining the pockets of billionaires riding a stock market boom," Oxfam International's executive director, Gabriela Bucher, said in a press release announcing the organisation's new report, "Inequality Kills."
Highlighting the vast wealth disparity that emerged during the Covid-19 pandemic, Oxfam noted that the wealth of the world's ten richest men more than doubled to $1.5 trillion from $700 billion between March 2020 and November 2021. That's at a rate of $15,000 a second or $1.3 billion a day, the charity said.
- So what? It's just outrage click-bait. No solutions, no understanding of economics or wealth or taxation for that matter.Morning_star
- There’s something to it. If you make billions a year at some point the idea of coughing it up for the greater good makes sense.monospaced
- Especially when they’re making it while everyone else is cashing $500 government checks and losing jobs and family members.monospaced
- Companies and individuals are different. Bezos isn't Amazon, Musk isn't The Boring Company, SpaceX or Tesla etc. Making these people cultural enemies is...Morning_star
- ...retarded. Calling for economic equity is also fucking stupid. It shows a monumental lack of understanding in the quest for 'clicks'. It wouldn't be so bad..Morning_star
- ...if this came from an ignorant blue haired culture warrior but it comes from the Busines Insider. Truth and honesty should...Morning_star
- ...prevail, but they don't. The cost of that will be far greater than rinsing billionaires for a few more bucks.Morning_star
- Sure, it's click-bait, but at the same time represents a real problem. The gov't needs to create a balanced system. As it is now, it's a pathetic joke.formed
- Further, they aren't talking about Tesla, etc., they are talking about the net worth of the wealthiest. THAT is the point.formed
