Nonsense. A tax code full of loopholes and tax optimisation schemes is the reason the ultra wealthy don’t pay enough tax.

Good grief. It’s an illustrative example. High profits (should) attract competition, more supply, lower profits, lower prices. If one wants to redistribute, government can impose progressive taxes.

And I was not responding your post, but the one below.

I know, right! And when I pay $20 for an item that only cost $15 to make, that’s also a crime. Maybe we should just tear down this capitalist hell and ban people from making a profit on anything.

Newsflash: the US stopped providing intelligence, money and weapons to Ukraine many months ago. In fact, US has been accused of sending classified intel to the Russians, and its envoy pushes Russian proposals in negotiations. Why does the US thinks it can force Ukraine into an unfair peace?

Of course the Fed looks at the dollar. The exchange rate matters for US export competitiveness and for import prices. But by convention it is the US Treasury that is charged with commenting on currency policy (which they can influence via fiscal policy and intervention), and not the Fed.

Europe has learned that it cannot put its own security in the hands of a few hundred thousand American voters in 7 or so swing states, most of whom couldn’t even identify European countries on a map. Prosecutions won’t be enough.

Screenshot of an X.com post by Aaron Rupar (@atrupar) quoting Trump saying he “should’ve gotten the Nobel Prize for each war,” claiming he “saved millions and millions of people,” and joking that “Norway control the shots,” with a 0:31 video still of Trump at a White House podium flanked by U.S. flags and the presidential seal.

25th Amendment called. It wants us to come collect the lunatic in the Oval Office.

To be fair, it isn’t an inevitable result that the consumer. Incidence (i.e. who pays) can fall on the exporter (forced to accept a lower price), the importer and/or the end purchaser. In practice, the distribution will differ depending on the good and associated elasticities of supply & demand.

The lawlessness and dismantling of our democracy won’t stop until we stop it. Good to see Powell calling this for what it is…now he needs to stay on as Governor when his term as Fed chair ends. This isn’t a drill…

If everyone had to get healthcare coverage (with subsidies for those who qualify) healthy people would get insurance and premiums would be affordable. By removing that requirement, the GOP engineered the gradual collapse of the ACA - and did so without having a replacement. Take it up with Trump.

Sell 30 yr treasuries (inflation will erode their purchasing power). Buy shorter dated Treasuries (Fed will cut rates to do Trump’s bidding). Which means steeper yield curves. Buy TIPS versus conventional Treasuries to benefit from higher inflation.

I don’t disagree, but suspect there are large differences between US states. My understanding is that restaurant licenses are a state matter rather than federal. Anyway, thanks for digging up the study.

Calm down, buddy. It’s a friendly disagreement over cuisines, I didn’t insult your mother.

Likewise. And I wouldn’t say there is much disparity in food hygiene standards (at restaurants) between Europe and the US.

You’re not actually serious. Have you ever travelled to the US?

You have serious issues and should seek help. Blocked.

You haven’t adjusted for economic growth, stock market gains or price inflation, so those stats aren’t very helpful. But yes, one has to test the thesis with data.

Reading comprehension is not your strong suit. I never said Musk / billionaires shouldn’t pay more taxes. They should. But wealth taxes are not the way. Raise dividend tax rates. Remove the tax exemption on borrowing from life insurance policies. There are better ways….

Blocked for being a tool.

Postgrad degrees in finance and economics make me more qualified than you on this topic. Worked 7 years for the government, so know what it’s like to make a normal salary. Spent 7 years in an infantry regiment, so I served my country. Whereas you’re just a garden variety cunt.

Good grief. It’s not a conspiracy to avoid contributing to society. People respond to incentives, and many object to paying wealth taxes on money they already paid high income taxes on.

Maybe you should educate yourself on tax economics. I agree with you that inequality is far too high, but my argument is that wealth taxes are not the most effective way to achieve that aim. The UK experience with its recent changes to its non-domicile tax regime is a great case study.

Loving the hostile and puerile tone, bro! The international experience on wealth taxes is not encouraging, precisely because rich people relocate. There are other and less distortionary ways to redistribute income and wealth.

Regardless of merit, wealth taxes don’t raise significant revenues (ask countries that have tried to implement them). And a California wealth tax would be especially ineffective given that it is relatively easy to relocate to other states.

Michigan confidence numbers are a Democrat hoax!

You have a lot of growing up to do. Muted.

Getting prices down very fast?

Because of course the guy who was sentenced to seven years in federal prison for wire fraud and aggravated identity theft got a Presidential pardon...and a job at the DOJ.

Eric Holder to tear into Supreme Court as major redistricting decision looms The court has found itself at the center of a national debate over the limits of redistricting.

Former Attorney General Eric Holder will assail the Supreme Court in a speech Saturday as the high court prepares to weigh in on a number of key redistricting cases that could dramatically reshape the balance of power in Congress.