@LisaDNews@SpeakerJohnson Even worse - a public official missing months of votes while suffering a "common" medical problem while hiding it from the public? Can you tell us - is he still getting paid as a Congressman? How many Americans continue to be paid while taking that much sick leave?
@Anteejay@grok@skdh No they will not. The very worst case they will pay Federal 20%+ 3% because the amount will be over 250K
But they never sell their stock. They borrow against it at SOFR+ a few BP, die, heirs get stepped up basis and sell the stock tax free to cover the loans. Welcome to reality
@LisaDNews@SpeakerJohnson A public official should not be able to miss countless votes over a very extended period for a medical reason without providing to the public the reason, especially when heading into election season.
@Anteejay@grok@skdh What was Elon's taxable comp last year? 0. Zuckenberg? $1. Ellison? $1 ...
The latter two do pay tax on the "fringe benefit" of corporate provided sercurity. None pay anything on their equity gains until they sell and then it is at long term rates - and ways exist around that
@Anteejay@grok@skdh Lol. Now ask your buddy what % of their wealth comes from taxable income vs equity (direct or through option grants). Then ask what their "all in" rate is.
Restore vitality to anti-trust enforcement. For too long a blind eye has been turned towards every corporate merger/acquisition. Saying no when there are only two or three players left is well too late -innovation suffers and rent seeking begins along with legislative corruption.
Bernie as usual is pretty good at identifying underlying problems/issues. Solutions though need work but credit him for at least putting something out there. I believe we need to address many legal questions around AI to start. But the financial aspect- though glaringly obvious
I will soon be introducing a bill to give the public a 50% ownership stake in the largest AI companies in America.
This would guarantee that the trillions created by AI are used to improve the lives of all of us β and block oligarch decisions that harm the American people.
are best addressed in other ways as the same problems are wide spread across tech and even old guard industries. Begin with elimination of stock options and more importantly stock buy backs (mostly illegal until mid 1980s). Unify/equalize capital gains, dividend and interest tax.
@autohumanismo@BernieSanders Did the Norwegian sovereign fund make them dependent upon oil? No. You argument would be better applied to the Alaskan fund but even there, it is a supplement.