Awesome bit of data that makes intuitive sense.
“Finland cut VAT on haircuts in 2007 to see if cheaper prices would boost demand and jobs. But when the tax fell by €4, many salons lowered prices by only €2 and kept the rest as profit. When VAT rose again, prices jumped by the full €4, turning a temporary tax cut into a permanent price hike. It’s tax incidence in action: firms with pricing power pass on cuts partly, and hikes fully.”
Source: https://t.co/5I8QnEInku
nobody in 1975 needed a budget app, a financial coach, and a side hustle to afford a two bedroom apartment. this isn’t a personal finance problem. it’s a wage theft problem.
Valid work permit. Lived in the U.S. for 20 years. No criminal record. American spouse. In the final stages of a long legal immigration process.
He is a conservative's platonic ideal of coming here "the right way". Yet, he's been in detention for 5 months. Who does this benefit?
As horrifying as this already is—that $79 trillion stat only accounts for the difference in wages, not wealth.
The true wealth transfer is likely far, far higher.
**Tax fact:**
Due to their lower state taxes, Texas nickel-and-dimes its residents, generating $18B in revenue from nontax sources. The average Texas resident pays more to the state in fees and fines than a Minnesota resident pays in taxes.
Check this out.
If we wanted to get back to the wealth distribution of the 1980s, the richest 0.1% would have to transfer $10 TRILLION to the bottom 90%.
Each household would get $82,000.
And the rich would still have over $100 million on average.
"Trickle down" broke us.
how fucking stupid is it that we have all these supposed billionaire geniuses running around and their greatest innovation of our lifetime has been stealing all our data to sell us ads.
Why is printer ink $10,000 a gallon?!
How is it more expensive than the semen of a Grand National winning stallion?!
Because few people hate market competition *more* than today’s capitalists.
@doctorow explains all…
When Obama bailed out the auto industry, but it had to be paid back in full, Republicans called him a communist.
Trump’s repeated farmer bailouts have cost five times as much, not a dollar has to be paid back.
This woman received a vile racist threat on her Facebook post so she drove three hours to him, showed him his own Grindr account, and forced him to apologize in front of his coworkers or she would show his wife. Hope they gave her a forklift for her balls