🇨🇱 🏆 Chile now holds more pension money per person than Japan, the world's fourth-largest economy ↓
A full-career, average-wage worker in Chile can expect a pension worth 61% of take-home pay, versus 98% in Brazil. Our latest story breaks down the OECD data behind the gap.
🗞️ read it → https://t.co/4YTz8x5x0H
The evidence from Europe is especially compelling. The self-professed realists are wrong. Tax increases finance bigger government, not reduced debt (part 2) https://t.co/2fiEwBd9KB
“Higher taxes will not reduce the deficit, except for a brief interval. They will simply increase government spending. That is the lesson taught by past experiences.”
— Milton Friedman
Some folks on the right, portraying themselves as practical realists, say fiscal prudence requires surrender to tax increases, yet the real-world evidence shows that higher taxes are used to expand the burden of government (part 1) https://t.co/JNFSg550kT
“Higher taxes will not reduce the deficit, except for a brief interval. They will simply increase government spending. That is the lesson taught by past experiences.”
— Milton Friedman
@NYCMayor ...simultaneously screw over taxpayers and small business owners, which the @NYCMayor seems to think is a victory (2/2) https://t.co/BOwAQtXjyw
If super-rich @SamuelLJackson wants to redistribute wealth, he can voluntarily pay more tax using this form. I won’t be holding my breath. https://t.co/Kor7wSDxqh
Samuel L Jackson says he would "spread the wealth" of he was president.
His current net worth is $250m and he isn't spreading it.
It's always the super rich who want to give away your money and not theirs.
If your country loses jobs and investment because a neighboring country lowers tax rates, the right response is to lower your tax rates as well (2/2) https://t.co/crP7NdN7xw
If you agree with the IMF's tax logic, then you should also be upset that Costco charges low prices because that reduces the profits of big grocery chains (1/2, link in reply)
Of the roughly 170‑plus countries that have adopted a VAT, none has repealed its income tax.
The actual pattern is layering: Governments introduce a VAT and keep their direct taxes, often increasing them later.
Of the roughly 170‑plus countries that have adopted a VAT, none has repealed its income tax.
The actual pattern is layering: Governments introduce a VAT and keep their direct taxes, often increasing them later.
...the U.K.'s class-warfare policy means less growth, fewer jobs, diminished tax revenue, and reduced national prosperity (2/2) https://t.co/KwR9627B17