An extremely relevant paper, given the renewed concern that wealth taxes lead to massive out-migration:
The Norwegian wealth tax "exodus", discussed in global media, never happened. At most 100 individuals left. Tax revenue increased by +71.5%. No changes in business activity.
I would like to hear our Catholic Vice President explain why they're intentionally choosing to broadcast the death of a human being for the entire world to see, including children.
Prime Day is a good day to remember that Jeff Bezos could afford to sail on his $500 million yacht to his $55 million wedding in Italy to give his wife a $5 million ring because his tax rate is less than 1% & taxpayers pay for the healthcare & food of Amazon’s low-wage workers.
Every life stolen was an entire world.
The point is not to pretend that all we need is shared mourning, or to equate the suffering on both sides. Reckoning and accountability are required. But on this third anniversary of October 7th, a good start is to try to resist the flattening of empathy, to let ourselves weep for all the lives lost, the children killed, the families torn apart, the homes destroyed.
Join me tonight in Union Square, to mourn together, and to demand a future that doesn’t compromise on anyone’s humanity.
https://t.co/FF2OrX2IhN
These 2 men are against a 5% billionaire wealth tax that’d save healthcare for 3 million people in CA. Truly obscene.
Sergey Brin
Income Taxes
2019: $0
2020: $0
2023: $0
Wealth today: $276 billion
Larry Page
Income Taxes
2019: $0
2020: $0
2023: $0
Wealth Today: $297 billion
A picture that really affected me as a teenager is this one of rosaries confiscated at the border, thrown in the trash, and recovered by a janitor who worked at the border facility
So now the Trump administration is sending out one-time $500 checks to people who bought their health insurance through https://t.co/aT2oRibUoZ and paid the full price because they didn’t qualify for taxpayer subsidies.
In other words, people who’s income is roughly 400% above poverty and could already afford to pay full price for their health insurance are getting a $500 check from the president. And guess when those checks started showing up? October 1. Weeks before the midterm election.
The checks come with a letter from Trump lying about why you’re getting your $500. And here’s the really interesting part: this isn’t being distributed evenly across the country. Of the roughly $475 million being sent out, 71% of it, or $339 million, is going to people in just 13 states.
Those 13 states happen to be major midterm battlegrounds. They contain eight of the nine Senate races and 10 of the 12 governors’ races that nonpartisan analysts consider the most competitive.
Call it whatever you want. I’ll call it what it is: a bribe.
.@ezraklein: “What is, to you, the ‘rage economy’?”
@JamesTalarico: “The billionaires own the algorithms and the news networks. They have created for-profit platforms that divide us on an hourly basis — by party, by race, by gender, by religion. They elevate the most extreme voices very strategically to provoke our outrage, because that leads to more clicks, which leads to more money for them.
They are selling us conflict right into our bloodstream, and they’re calling it connection.
And I think it’s left people starving for actual community.”
From @TheAthletic: LeBron James will make nearly four times as much promoting the Polymarket prediction market as he will from playing basketball. The deal may not break NBA rules, but it raises uncomfortable questions. https://t.co/zRVcnfdy17
NYC is opening 160 car-free (but treat-filled) streets and plazas to enjoy fun and safe fall festivities this spooky season.
Find one near you at https://t.co/pdEjJsvsFh.
Beautiful day in Bethlehem, PA listening to voters and making the case for @VoteBobBrooks.
Had good, candid conversations at the doors. People are frustrated — with skyrocketing costs & corruption, but also with both parties & most politicians.
Can’t imagine a better candidate to tell them about than a retired firefighter, union leader, and small business owner who doesn’t take corporate PAC money.
Election Day is now only a month away! If you want to make the biggest possible impact, sign up for a @swingleft Ground Truth canvass: https://t.co/YTAxzQWXsA