Area business man actually tells the truth about why his business struggles in SF (Reply is an amusing bonus)
Not sure how many states have one, but NJ has an uninsured motorist fund. I wish I could get pet insurance but we manage to only adopt uninsurable dogs because the olds are cute and my wife and I are saps.
Washington's $849 Million Capital Gains Windfall Shows 'Taxing the Rich Is a Really Good Idea' "Hey, hey! What we knew would happen: Make the wealthiest pay their fair share and it finances investments in education, transportation, and more," said Rep. Pramila Jayapal. Spoiler BRETT WILKINS May 26, 2023 Proponents of progressive taxation on Friday pointed to data showing Washington state stands poised to reap $849 million in revenue during the first year of its capital gains tax as proof that taxing the rich works—and could serve as a template for federal legislation. The Seattle Timesreports that when Washington state lawmakers passed this fiscal year's budget, they anticipated collecting $248 million in revenue from the 7% tax on the sale or exchange of stocks, bonds, and certain other assets above $250,000. However, the legislators were pleasantly surprised when figures showed the state has collected over $600 million more than that. While the amount collected could change after around 2,500 taxpayers who applied for extensions file their returns, progressives welcomed the windfall that will fund public schools, early childhood education, and building and repairing schools across the state. "Hey, hey! What we knew would happen: Make the wealthiest pay their fair share and it finances investments in education, transportation, and more," tweeted Congressional Progressive Caucus Chair Pramila Jayapal (D-Wash.). Jayapal touted federal legislation she introduced with Sen. Elizabeth Warren (D-Mass.) in 2021—the Ultra-Millionaire Tax Act—that would levy a 2% annual tax on the net worth of households and trusts above $50 million, plus a 1% annual surtax on billionaires. An analysis by University of California, Berkeley economists Emmanuel Saez and Gabriel Zucman found that the legislation would bring in at least $3 trillion in revenue over 10 years without raising taxes on 99.95% of American households worth less than $50 million. Last month, Warren, Sen. Bernie Sanders (I-Vt.), and Rep. Jimmy Gomez (D-Calif.) introduced the For the 99.5% Act, which would impose a 45% tax on estates worth between $3.5 million and $10 million, a 50% tax on estates worth between $10 million and $50 million, a 55% tax on estates worth between $50 million and $1 billion, and a 65% tax on estates valued at over $1 billion. Meanwhile, congressional Republicans are trying to repeal the estate tax entirely—and pass other tax policies to serve the rich. Back at the state level, California, New York, Illinois, Maryland, Connecticut, and Hawaii have also introduced wealth tax bills this year, while Washington's law was upheld by that state's Supreme Court in March. "If the federal government won't act," California Assemblymember Alex Lee (D-24) said while introducing a wealth tax bill in January, "we the states will."
Tbh "inflation" as a profit driver was always going to happen. Capitalism demands perpetual short term growth at all costs. This occurs at the beginning through innovation, efficient business practices, etc. Then when that is no longer actively increasing profits, you take a hatchet to your costs. At a certain point, there's nothing left to eally cut. But growth must continue this quarter at all costs. As a big company with significant market reach, brand loyalty, and marketing budget, price gouging becomes the obvious answer. Even if it's just a short term solution, when the company fails the decision makers just gut it for parts anyway and make off like bandits. Everybody wins except for the vast majority of the population.
Also love the meaningful ways the capitalists always succeed at setting the terms. Everyone calls it "inflation" even though really it's just price gouging
That's where we seem to be in the UK now as a nation state (because the UK is basically a bank with an elected government). 40 years of austerity has trimmed everything to the bone to maximize profit (NHS, public works, transportation, even the police outside of London) and now they're working on the bones
First, the full House will vote on the "rule," which is expected on Wednesday afternoon. Although the majority party typically carries procedural votes like these by itself, this will likely require some Democratic support. If the rule passes with a majority of the chamber, the House will briefly debate and then vote on the legislation later in the evening. The exact timing is fluid.
Play it on a loop in swing states Hey all you old fucks who retired in Scottsdale, How’d you like to eat cat food?
They’d still vote for it assuming, and probably correctly, that any cuts would be phased in and well after they are gone. More reason to hate boomers.
Buying stock in “Kevin McCarthy isn’t smart and won’t last long as Speaker” was like buying Amazon after IPO. Also, he’s almost whispering.
"product evangelist" "InfiniRel Corporation" "Thunderbird School of Global Management" "Mission: infinite reliability" "Bert Wank" what the fuck
Very excited to show this to my father whose wife is only alive because of Medicare so he can ignore it and vote straight ticket for these ideas.
I've never been one to believe a violent uprising is actually possible in the US for a myriad of reasons -- we're mostly lazy, a majority lives paycheck-to-paycheck and can't jeopardize their income, not really unified, etc. But there are so many stories about companies making record profits, it's been admitted that inflation is just the result of corporate greed, and the average citizen is still getting screwed. I cannot imagine that corporations will accept less money than the year before, because capitalism demands the line must endlessly go up no matter what, but what's the endgame here? I'm beginning to question how much longer people are going to put up with this. America is becoming unsustainably expensive for a large portion of the populace. Housing in most cities is absurd. Everything costs a shitload. For-profit medical care is out of control. And the culprit, corporate greed, is pretty much accepted as fact. Like what the fuck is going on?
Over the top plastic surgery is my guess. Looks like her cheeks have about a gallon each of filler in the pic above
Im optimistic that this is the beginning of the pendulum of power moving back towards labor but it will take time. Both the covid induced fiscal spending and the inflation that has sprung up will alter fiscal/monetary policy in such a way going forward that it will help push the pendulum towards labor. Plus each decade boomers have less voting power and the established politicians will have less reason to structure the game in their favor.
Progressives. For agreeing to cuts and work requirements. If their votes were needed for it to pass, they’d vote for it