Not to sound ageist, but I firmly believe voting privileges should be revoked when you retire.

It applies to income, not salaries, and it applies to corporate income as well as personal income. Nobody needs to pay it for it to achieve its purpose. Indeed, nobody should be paying it, ever.

You have a choice. I'll give you $900 for you to do anything you want with. Alternatively, I'll give you $10,000, but you can only spend it on something that you can convince me is something you need for your business.

You can buy $900 of GOOG, or you can spend $10,000 on a bunch of electronics. You can buy $900 of AAPL, or spend $10,000 "entertaining clients" at a strip club.

You can buy $900 worth of stocks, or purchase goods and services produced by workers.

Nobody is taking the $900 here. Everyone is taking the $10,000. Nobody is paying 91% on $10,000 over the line. You can get much more value from your large "business" spending than you can get from your small investment.

Now, if the numbers are $6300 on anything, or $10,000 on business, a lot of people are going to take the $6300. This is a top-tier of 37%.

$7500 on anything, or $10,000 on business, most people are going to take the $7500. This is a top-tier of 25%.

The 91% tax rate isn't for the government to spend more money. The 91% tax rate is to ensure the richest among us get greater value from hiring workers than they do from buying securities.

Lemmy, every 5 seconds:

guys are you aware the united states sucks

guys
guys

I don't think you're aware

the US sucks

guys

listen

hey

the US sucks

did you know that?

guyssssss

like, yes, I get it, we suck, but also it's exhausting being unable to emigrate anywhere and being constantly reminded of how much suck I get to endure for the rest of forever.

There was no oil crisis, no cold war, no economic crash in the 80s, no housing shortage in the 80s, no rampant crime!

The 70/80s where glorious!

/Sssss

It's also forgetting the Korean war, and several smaller wars in between (Panama, Honduras).

Vietnam was bad, but don't forget so easily that we only just got out of the longest running war the US was ever been in, and it wasn't Boomers or Gen X fighting in it. It spanned two generations. Now, because there US just can't not be involved in a conflict, we're casting about trying to find a good enemy; I think the next one will be with a developed country. We've realized that we don't do so well with insurgencies, so maybe Russia or China. Or, maybe India and Pakistan will finish everything for us! They both have nukes, and China isn't just going to sit there while they trade nukes across the border.

Anyway, it's a little depressing that y'all have already written off the 800,000 veterans who fought in Afghanistan as being unworthy of notice.

It was kind of a breeze in comparison to now, no? My dad bought his first house for $37,000 when the average salary was $15,000. I just bought a house and couldn't find one within an hour for under $420,000... The average salary around here is apparently $55,000

A quick way of estimating annual wage for a full-time position is to take hourly, double it, then move the decimal point to the right by three spots.

So for example, the BC minimum wage is $17.40. Double that is $34.80. Annually in a full-time job, that’s about $34,800 before taxes.

And 4× that is $139,200. Current median SFH prices for used homes sit at just under $1M in my podunk tourist town. All detached SFH, $1,200,000. New construction, $1,500,000.

I mean, really - who under 50 can actually afford those prices without intergenerational wealth to give them a leg up in life?

Copypaste for you:

How Groups Voted in 1980

Notes: Survey by CBS News and the New York Times. Sample of 15,201 voters as they left voting booths on Election Day, November 4, 1980.  “Don’t know” and “other” responses not included.

It’s getting comparable… women are being charged with murder for totally natural miscarriages. Imagine ending up in prison for decades for something you had absolutely no control over.

And women are also dying from preventable issues with pregnancy, because it is illegal for doctors to remove fetuses even when they are a direct threat to the mother’s life (ectopic) or even totally dead in the first place.

America is becoming exceedingly hostile to anyone not white, cis, and male.