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Joined 3 years ago
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Cake day: July 4th, 2023

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  • I don’t have the energy to look everything up right now. Too high MW leads to rising unemployment. America is huge and has economic powerhouses like California but also Puerto Rico and imma just call them republican states.

    15$/h in Cali makes sense. In Mississippi it’s probably the upper upper end of what’s maybe possible. Legislating this federally either requires a formula to fit it to the local economy or it needs to be lower than what makes sense for California.

    From what I vaguely remember 12$/h was OK but don’t quote me on that.

    7.5$/h is too low, just 15$/h might be too high.





  • 95% income is wild. But capital gains increase might not be a bad idea. Higher top brackets also probably a good idea. Taxing debt that you borrow against assets might be difficult because of mortgages. Technically I think the state gets taxes on that but only when they die. If there is a good proposal that works, I’d have no problem with it.

    Just Wealth tax is not a good idea. The problem in my opinion is not that people get too rich, it’s that companies get too big. We need to break those monopolies up.


  • Well, not really. He can’t actually spend that money. When he bought twitter, he had to take a bunch of sketchy loans and some of his stocks dropped because he had to sell a lot.

    If he actually sells a bunch of his stocks, the price will dip and make the rest worth far less. So it’s not actually spendable money.

    It’s more of a power measurement. If you have a billion you have influence over that many assets.

    Also a problem with wealth tax. If you have to sell assets to pay it, that could have a bunch of weird effects. I think Denmark doesn’t actually tax your assets, they just increase your income tax if your wealth is above a certain level. But I’m not 100% on that.