That there are even billionaires, let alone multi-billionaires. It’s an immoral, unethical system that fundamentally exploited labor that allowed for this.
That productivity has gone up but wages have remained stagnant should boil everyone’s blood. All the wealth stolen and sent upwards into fewer and fewer hands. Legalized theft by way of capitalism.
Yeah, nobody voting for Trump cares. They’re brown people. They might PRETEND to care, but I promise you they don’t. This isn’t one of those things that isn’t going to pull toward Biden OR Trump either way.
Biden’s only support has always been “I’m not Trump”. Nobody is changing their mind on if they’re voting for Biden because of little “scrap(s) of help”.
His policies aren’t costing him support anywhere, it’s a common whataboutism that Trump supporters spout to try and claim that Biden is slipping, trying to further erode poll numbers.
His policies aren’t costing him support anywhere, it’s a common whataboutism that Trump supporters spout to try and claim that Biden is slipping, trying to further erode poll numbers.
100,000 voters in Michigan just voted ‘No Confidence’, because of his policies around Gaza and Israel, or approximately 10% of the vote.
Biden can not afford to lose 10% of the votes he got in 2020. He will lose if he does, and especially not in swing states (like MI).
2016 it wasn’t Trump v Biden now was it. Hillary Clinton was her own worst enemy. That’s a whole fucking can of worms all on its own. She was responsible for the grave she dug. Fake-ass I carry hot-sauce with me everywhere, please-like-me-black-people Hillary Clinton…her woes had nothing to do with Primary voters not falling in line and more to do with her being an unlikeable cunt.
I voted for him on his not-Trump platform last time and I won’t vote for him this time unless he stops this shit in Israel. Either he shapes up or steps down from the primaries… or we risk Trump again.
Kennedy was eliminated in the first round of voting after receiving support from 19 delegates, or just 2.07% of delegates.
Earlier, Libertarian Party Chair Angela McArdle had ruled that former president Donald J. Trump was not even qualified to be considered for nomination because he did not submit the proper nominating papers. Trump, however, received six write-in votes – defeating Stormy Daniels, Denali the Cat, and Sean Ono Lennon.
I mean, if it was Stormy v Biden, we might have us a horse race . . . But it ain’t.
Great article. Nice to see an economist doing such important work. I don’t really understand finances. I snipped the parts of the article that helped me understand the finding/headling. There’s a great chart in the article of taxation differences since the 1960s too - staggering! Plutocracy in action!
Published in The New York Times with the headline “It’s Time to Tax the Billionaires,” Zucman’s analysis notes that billionaires pay so little in taxes relative to their vast fortunes because they “live off their wealth”—mostly in the form of stock holdings—rather than wages and salaries.
Stock gains aren’t currently taxed in the U.S. until the underlying asset is sold, leaving billionaires like Amazon founder Jeff Bezos and Tesla CEO Elon Musk—a pair frequently competing to be the single richest man on the planet—with very little taxable income.
“But they can still make eye-popping purchases by borrowing against their assets,” Zucman noted. “Mr. Musk, for example, used his shares in Tesla as collateral to rustle up around $13 billion in tax-free loans to put toward his acquisition of Twitter.”
We can tax registered securities. Stock holdings. We can take 5% or 50% of all outstanding shares, each and every year, and transfer them to IRS liquidators to be resold in small lots over time.
We can exempt the first $10 million held by a natural person, (which exempts about 99.5% of the populace from the securities tax) and establish a progressive tax schedule that causes the tax rate to exceed average gains when holding more than $100 million worth of securities.
Semitic is race. Judaism is a religion. Religion is a cultural phenomenon. Zionism is intrinsically linked to the religion and historically has been an incredibly fanatic cult very willing to do anything to reach their final goals. I think hatred of this is far removed from any kind of racism.
E: and the conflation of Zionism with Judaism is something I see consistently coming from zionists, so it being being deemed a trait of anti Semitism doesn’t make sense to me for several reasons. I’m an atheist though so generally have no respect for fairytales that send people psychotic…
I really hope we call it what it is this time around.
We got some pretty grave consequences on the books for treason, and I think they might be just about the only thing that can start to put this fire out.
It won’t happen. Biden has already said he won’t do anything. It’s ridiculous. Hopefully people like Sanders will get the ball rolling. At least he’s making noise.
It looks and feels like everyone is waiting out what happens in November and with it what happens in January… (There might not even be an inauguration in January, Trump might begin his day 1 dictatorship right after he claims winning the elections, and has his goons to support him)
Everybody that matters now is frozen from acting untill past the election, while imo now should be the time to intervene and not let it roll onwards, remove one of the chess pieces now and the momentum might not be unstoppable.
Not only are they in the process of openly subverting the Constitution of the United States, they are openly calling for violence. When declared powerful adversaries call for violence publicly, every option is on the table. Collective self defense may be necessary, and they may yet regret it.
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