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177,000 signatures. Referendum triggered. October 19th. If Alberta separated, its GDP per capita would rank among the top 5 nations on earth. Higher than Denmark. Higher than Germany. Higher than the UK. Higher than Canada itself $353 billion economy. 5 million people. No sales tax. Largest oil reserves in...

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Mario Zelaya

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111,580 просмотров • 4 месяцев назад •via X (Twitter)

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Why is impoverishing young and disabled people to the tune of £5 billion a higher priority for the Government than introducing a wealth tax? 👇
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Why is impoverishing young and disabled people to the tune of £5 billion a higher priority for the Government than introducing a wealth tax? 👇

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This sounds awfully familiar. When Francesca Hong For Governor was asked about her proposal to raise Wisconsin's income tax rate to 17.7%, the highest in the nation and more than 4 percentage points higher than California's, she said she was "confused" why people would leave.
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This sounds awfully familiar. When Francesca Hong For Governor was asked about her proposal to raise Wisconsin's income tax rate to 17.7%, the highest in the nation and more than 4 percentage points higher than California's, she said she was "confused" why people would leave.

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Thanks to President Trump, Venezuela has already seen more than a billion dollars in oil sales. This is just the beginning in bettering the economy and quality of life for Venezuela and the United States.
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Thanks to President Trump, Venezuela has already seen more than a billion dollars in oil sales. This is just the beginning in bettering the economy and quality of life for Venezuela and the United States.

Secretary Chris Wright

233,959 просмотров • 5 месяцев назад

A 1974 bar napkin still PWNS the tax debate, and the high tax establishment has never stopped trying to bury it. Arthur Laffer sat down with Dick Cheney and Donald Rumsfeld in September 1974 and told them Ford’s plan to raise taxes 5% against stagflation would shrink the pie. He grabbed a napkin and sketched the curve. 0% tax delivers zero revenue and 100% tax also delivers zero revenue because nobody works for free. The peak sits in between, and once you cross it every higher rate destroys more taxable activity than it captures. That drawing became the backbone of the Reagan cuts whereby the top marginal rate fell from 70% to 28% and federal tax receipts still climbed from $517 billion in 1980 to $991 billion by 1989 while the economy expanded. Lower tax rates led to HIGHER tax revenue. (Btw, if you ever find it at the Smithsonian, the napkin version there is a later redraw Laffer made as a keepsake)
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A 1974 bar napkin still PWNS the tax debate, and the high tax establishment has never stopped trying to bury it. Arthur Laffer sat down with Dick Cheney and Donald Rumsfeld in September 1974 and told them Ford’s plan to raise taxes 5% against stagflation would shrink the pie. He grabbed a napkin and sketched the curve. 0% tax delivers zero revenue and 100% tax also delivers zero revenue because nobody works for free. The peak sits in between, and once you cross it every higher rate destroys more taxable activity than it captures. That drawing became the backbone of the Reagan cuts whereby the top marginal rate fell from 70% to 28% and federal tax receipts still climbed from $517 billion in 1980 to $991 billion by 1989 while the economy expanded. Lower tax rates led to HIGHER tax revenue. (Btw, if you ever find it at the Smithsonian, the napkin version there is a later redraw Laffer made as a keepsake)

Rothmus 🏴

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The EIA just confirmed that, in April, we experienced unplanned shortages of over 15 million barrels of oil per day. This was higher than March, and it's safe to assume May will be higher than April if the Strait remains closed. They go on to forecast we'll have 1.7 million barrels missing by the end of the year. I think that's being optimistic. Full report:
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The EIA just confirmed that, in April, we experienced unplanned shortages of over 15 million barrels of oil per day. This was higher than March, and it's safe to assume May will be higher than April if the Strait remains closed. They go on to forecast we'll have 1.7 million barrels missing by the end of the year. I think that's being optimistic. Full report:

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🇦🇷 Javier Milei declares his vision for Argentina “We want to be the country with the highest level of economic freedom in the world.” “We want to replicate the miracle of Ireland, which was the poorest country in Europe and today has a per capita GDP 50% higher than the US.”
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🇦🇷 Javier Milei declares his vision for Argentina “We want to be the country with the highest level of economic freedom in the world.” “We want to replicate the miracle of Ireland, which was the poorest country in Europe and today has a per capita GDP 50% higher than the US.”

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Mamdani promises NY will be like South Africa. High unemployment, higher poverty, more r*pe per capita than any other country and the biggest inequality between the top .05% and the remaining 99.5%. So the question is, do people who vote for this just don’t know how to read or?
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Mamdani promises NY will be like South Africa. High unemployment, higher poverty, more r*pe per capita than any other country and the biggest inequality between the top .05% and the remaining 99.5%. So the question is, do people who vote for this just don’t know how to read or?

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🇨🇦 Danielle Smith introduced a bill making it easier for Albertans to vote on leaving Canada. If they do? - A 6.6% GDP hit. Worse than 2008 📉 - $25B lost in equalization. Meaning higher taxes or less programs. - Energy prices through the roof 📈 Should Alberta stay—or go?

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A 2% wealth tax on assets over £10 million could raise £24 billion — more than enough to fund Winter Fuel Payments, scrap the two-child benefit cap and support public sector workers. It’s time for the sixth-largest economy to tax the super-rich and distribute wealth fairly.
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A 2% wealth tax on assets over £10 million could raise £24 billion — more than enough to fund Winter Fuel Payments, scrap the two-child benefit cap and support public sector workers. It’s time for the sixth-largest economy to tax the super-rich and distribute wealth fairly.

Zarah Sultana MP

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The United States places a bigger chunk of its tax burden on the wealthy than any other advanced economy Democrats have been lying to you This video expertly breaks down how America’s tax system forces the upper worker class to carry the tax burden worse than every other country on earth Abolish the Income Tax and switch it to a flat tax on good where everyone contributes the same
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The United States places a bigger chunk of its tax burden on the wealthy than any other advanced economy Democrats have been lying to you This video expertly breaks down how America’s tax system forces the upper worker class to carry the tax burden worse than every other country on earth Abolish the Income Tax and switch it to a flat tax on good where everyone contributes the same

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Advancing American Freedom

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Ossoff: It’s this sense that the social contract has broken down—that you work harder and harder, but the bills get higher and higher, and the treadmill of survival in the economy gets steeper and faster. And health care costs in Georgia right now are really driving this, especially since Donald Trump and Mike Collins decided to double health insurance premiums for more than a million Georgians with their attacks on the Affordable Care Act.
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Ossoff: It’s this sense that the social contract has broken down—that you work harder and harder, but the bills get higher and higher, and the treadmill of survival in the economy gets steeper and faster. And health care costs in Georgia right now are really driving this, especially since Donald Trump and Mike Collins decided to double health insurance premiums for more than a million Georgians with their attacks on the Affordable Care Act.

Acyn

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New report shows the UK is poorer than every state in the United States A study by the Institute of Economic Affairs found that the UK's GDP per capita ranks 51st when compared to individual US states This means the UK is poorer than every single US state in terms of GDP This is a sharp contract to a public perception survey, where voters guessed the UK would rank 7th among US states They’re just digging themselves deeper and deeper with immigration and welfare for their immigrants

Wall Street Apes

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Martín has been investing in global markets for over a decade. He believes the premium for US assets has never been higher while the case for global diversification has never been stronger. "US public equities are trading at 26x earnings. You can buy Europe at 14x and Brazil at 9x. Total debt to GDP is 125%. In five years it will be at 145% -- higher than Greece and Italy. In the next 10 years, those who diversify will be rewarded."
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Martín has been investing in global markets for over a decade. He believes the premium for US assets has never been higher while the case for global diversification has never been stronger. "US public equities are trading at 26x earnings. You can buy Europe at 14x and Brazil at 9x. Total debt to GDP is 125%. In five years it will be at 145% -- higher than Greece and Italy. In the next 10 years, those who diversify will be rewarded."

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Oscar Sudi says he has a higher intelligence quotient (IQ) than Edwin Sifuna; this is in response to Edwin Sifuna's remarks in the morning. As per Sudi, it's not all about academic papers, but the skills and how you think that matter.

Bianca™

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India’s poorest pay higher effective tax rates than the rich, finds major new study by Prof Mukulika Banerjee of the LSE. Speaking on cine ink podcast London Vārta: New World Order, Prof Banerjee notes: Lower-income Indians are shouldering a disproportionately heavy tax burden compared with the wealthiest sections of society, according to new research that challenges widely held assumptions about the country’s tax system. Dr Mukulika Banerjee, a leading political anthropologist, has revealed that while everyone pays the same Goods and Services Tax (GST) on everyday items, the impact falls far more heavily on the poor when measured as a proportion of their income. “Everyone pays GST – indirect tax – and the poor in India end up paying a higher proportion of their income in tax than the rich,” Dr Banerjee explained. “If you buy a packet of biscuits and a rickshaw puller also buys a packet of biscuits, the GST charged on that packet is exactly the same for both of you. But the rickshaw puller earns far less than you, so in proportion to his income, he is paying a much higher rate of tax. When you aggregate this across the country, the bottom fifty per cent of the Indian population is paying a higher proportion of their income in tax.” Her findings, part of a British Academy-Leverhulme Senior Fellowship, raise serious questions about taxation, inequality, and the health of India’s democracy. Fieldwork data paints a stark picture of the country’s extreme wealth gap: a daily-wage construction worker, fruit vendor, or pavement tailor earning around ₹30,000 per month qualifies for the top 10 per cent of earners, while half of all Indians survive on just ₹6,000 a month. Meanwhile, the top 1 per cent captures a strikingly large share of national income. #londonvārta #profmukulikabanerjee #cineinkpodcast #hindipodcast
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India’s poorest pay higher effective tax rates than the rich, finds major new study by Prof Mukulika Banerjee of the LSE. Speaking on cine ink podcast London Vārta: New World Order, Prof Banerjee notes: Lower-income Indians are shouldering a disproportionately heavy tax burden compared with the wealthiest sections of society, according to new research that challenges widely held assumptions about the country’s tax system. Dr Mukulika Banerjee, a leading political anthropologist, has revealed that while everyone pays the same Goods and Services Tax (GST) on everyday items, the impact falls far more heavily on the poor when measured as a proportion of their income. “Everyone pays GST – indirect tax – and the poor in India end up paying a higher proportion of their income in tax than the rich,” Dr Banerjee explained. “If you buy a packet of biscuits and a rickshaw puller also buys a packet of biscuits, the GST charged on that packet is exactly the same for both of you. But the rickshaw puller earns far less than you, so in proportion to his income, he is paying a much higher rate of tax. When you aggregate this across the country, the bottom fifty per cent of the Indian population is paying a higher proportion of their income in tax.” Her findings, part of a British Academy-Leverhulme Senior Fellowship, raise serious questions about taxation, inequality, and the health of India’s democracy. Fieldwork data paints a stark picture of the country’s extreme wealth gap: a daily-wage construction worker, fruit vendor, or pavement tailor earning around ₹30,000 per month qualifies for the top 10 per cent of earners, while half of all Indians survive on just ₹6,000 a month. Meanwhile, the top 1 per cent captures a strikingly large share of national income. #londonvārta #profmukulikabanerjee #cineinkpodcast #hindipodcast

Pervaiz Alam

238,594 просмотров • 2 месяцев назад