Oh I mean, I am cynical as well. First about whether she’ll push through. Second, about congress agreeing. Just pointing out that the discussion on the rate is not so important.
Eatspancakes84
joined 1 year ago
Yes, but no. Yes if you sell your asset at a gain you pay taxes. However, if you don’t realize your gain and instead use your asset as a collateral in a loan, you don’t pay taxes. That’s why the rich pay no taxes whatsoever. For instance, Bezos has 2 bln in outstanding loans. As a collateral he uses his 200 bln share in Amazon. He never pays taxes.
The proposal by Harris would fix this and tax gains prior to realization. If she succeeds that is a much bigger deal than whether the rate is 20,30 or 40 percent.
The much bigger question is whether Harris will succeed in taxing unrealized capital gains (as her campaign plans). Currently all the gains of the very rich are unrealised meaning they don’t pay any taxes. It doesn’t even matter if the rate is 22 percent or 40 percent. I actually really like Harris’ proposal of first fixing the system before hiking the rates
Just to add, a healthy democracy has a first and second round where the second round has only 2 candidates.
Absolutely, but also when you consider ethical challenges (copyright, livelihood of artists), sustainability challenges (energy use) etc. The use cases that you describe are not nearly as controversial as LLMs like ChatGPT.
The current generation of data hungry AI models with energy requirements of a small country should be replaced ASAP, so if copyright laws spur innovation in that direction I am all for it.
Things will yet change, and they’ll change for the worse. All of the media prefer a close race. There will be October surprises and even if they’re complete BS, the few swing voters that will finally start tuning in, will once again conclude that both parties are the same. Anyway, what I am trying to say is, don’t believe the polls. Vote
Legalising cannabis is a slippery slope towards abolishing the DEA, which would be very detrimental… to the people working at the DEA that is.
It’s actually pretty insane how quickly the extreme right has evolved from: “we are against immigration of Muslims because they are intolerant to Western values” towards antisemitism, bigotry towards LGBTQ and love of Putins authoritarianism. The daylight between fundamentalist Islam and parties like AFD is getting smaller and smaller. The only difference is, you guessed it, the color of their skin.
It’s about on par with the “every sperm is sacred” idea which to some extent is part of Catholic doctrine.
Trump gives tax cuts to the rich. Rich people own the media. This has always been true, but with the extreme increase in inequality, it’s never been worse. There’s no longer a liberal media.
Fully disagree. Xi is sacrificing the (economic ) wellbeing of his citizens at the altar of stricter repressive policies on its own population, and international power games. Corruption is running rampant there’s a massive real estate bubble, the population is aging quicker than in the west and I don’t think he has the ability to fix these issues, because he takes growth for granted.