• 6 Posts
  • 607 Comments
Joined 11 months ago
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Cake day: August 8th, 2023

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  • Russia may not have

    Russia is NOT the only problem, they aren’t even the main problem. There’s quite a number of issues where the mainstream media discourse depends almost entirely on whose in office. As an example take a look at crime statistics since 1991 and then align the media coverage about crime with whose in charge at the time. Immigration is another one. 2,000 people or more crossing the border every day may or may not be a crisis depending on which political party is in charge.

    Those and other issues aren’t being manipulated, at least not primarily, by Russia Propaganda. That work is being done by mainstream media sources and the only way to know you’re being manipulated into an opinion is by putting in the work to learn the context and history of an issue.

    It’s a massive time suck that can require hours, days, or even weeks to get a deep enough understanding to know you’re being lied to and / or manipulated.






  • The easy way around the problem is to tax loans that aren’t being used to purchase an asset. This is the “living expenses” loan hack that the ultra-wealthy use and it absolutely needs to be removed.

    Your example is a bit different because the wealthy person is selling stock to make the mortgage payment. In this case they should already be paying capital gains taxes on those sales. If they aren’t then figure out why and fix the tax code.

    We can tie the two situations together by considering the annual sum of all stock sales and non-asset purchasing loans as regular income and thus subject to income tax, minus any capital gains taxes already paid.

    That easily closes both of the common loopholes that the ultra-wealthy use while leaving us normal people untouched. The ultra-wealthy would suddenly be paying income taxes on the money they are spending to maintain their lifestyle, same as the rest of us are.






  • Why would they move? This is an income tax, not a wealth tax and the wealthy typically have relatively little “income”. Sure they may have a net worth of tens, hundreds, or even thousands of millions but their “incomes” (as defined by tax codes) can be surprisingly low.

    Look at the CEOs like Steve Jobs and Jeff Bezos whose salary was a single US dollar. They were incredibly wealthy but had nearly no normal income.

    So unless you jigger the tax code to capture the work arounds the wealthy use this income tax will hardly touch them. It will only catch high wage earners, like a software dev working FAANG or something.



  • Most of us dont wanna live in the 1800s though…

    Oh I’m not saying we should go back to the 1800s or that the States shouldn’t be held to the 1A. My comment is bemused / sad because you were attempting to make a dramatic argument without releasing that it was unironically correct. People need to be taught a LOT more details about how our Government works and how it came to be what it is today.

    …and how can any government be of the people if it disregards what the people want

    Overall I don’t think it can, at least not for too long. At some point a Government must either adapt to its Citizens wishes or it becomes illegitimate. There are a couple of “gotchas” though, the first being who is a citizen and the other is which or how many of them the Government should listen too.

    The original setup of the United States with it’s Federalist structure was actually quite good, if somewhat inhumane, at answering those two questions. It’s a shame we busted the fuck out of it.




  • The FTC has statutory authority over the regulation of trade. It doesn’t rely on Chevron except in highly specific edge cases and this likely wouldn’t be one.

    Chevron only ever applied in cases where the law was ambiguous or had gaps. The removal of Chevron didn’t suddenly render every Agency under the Executive powerless and if you think it did then you need to go back to wherever Mass Media you got your education from and demand a refund.