Berk
@AwayBerk
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Following
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Likes efficient taxes. Tax negative externalities, economic rents, and consumption. In that order.
Joined January 2021
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Okay, for every like on this post, I will donate 5¢ to Kamala.
BREAKING: Since Sunday, Vice President Kamala Harris has raised over $126 million from over 1,400,000 unique donors. Let’s go.
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Going against free market principles and prolonging animal torture to own the libs.
BREAKING: Governor Ron DeSantis signs legislation to ban lab-grown meat in Florida.
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*looks around*
Okay, I’ll say it:
Republicans disproportionately dying from Covid could have also been a factor for there not being a red wave.
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If you have a mortgage, you are not living paycheck to paycheck.
If you are contributing to a 401k, you are not living paycheck to paycheck.
These are *savings* vehicles.
People are dunking on this but…
If you live in even a modest home in an upper middle class neighborhood with high property taxes in a high tax state and make reasonable contributions to a 401k most of your money is gone.
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The control group is the general adult population lmao
New study, based on 1,501 adults aged 18-60 who had gender-affirming surgery & an emergency-room visit:
“Individuals who underwent gender-affirming surgery had a 12.12-fold higher suicide attempt risk than those who did not (3.47% vs. 0.29%)”
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Mandating bars to have a minimum amount of parking spaces has got to be the dumbest regulation.
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Last night at dinner with my extended family:
Extended family: “Don’t move there. They have high property taxes.”
Me: “Yes, I know. That’s why they have cheaper property prices relative to nearby towns.”
Extending family: [confused af]
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I stopped Trump from sweeping all the counties lmao
And by a margin of 1 vote Nikki Haley appears to have won Johnson County (Iowa City), leaving Donald Trump that close to a 99-county sweep:
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“Those of us that work in the trades know that the actual effect of this would be rather than spending $400 on a new table saw, you would see people just using a circular saw and a sheet of plywood, and more people would be hurt as a result.”
A new rule mandating finger-detection technology in table saws could raise costs by hundreds of dollars and result in a government-mandated monopoly.
I introduced a bipartisan bill to protect consumer choice and block this mandate until the patents for this tech are made public.
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Everyone is bi. You just have to figure out if it's polar or sexual.
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Ongoing thread of Matt Darling (
@besttrousers
) stoically owning over-confident people with basic stats and econ 🧵
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Your rent is high because, in the housing sector, we abandoned neoliberalism in favor of controlling the market via zoning boards.
me: god I have to spend 50% of my income on rent, food prices are going up, I have never been this impoverished
online neoliberal: you fucking dumb stupid “material condition” asshole. GNP per capita went up 7.21% last year??? idiot.
me: wow that’s great. thank u prez biden
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Let’s call it as it is.
Cancelling student debt is a costly inflationary giveaway to the rich with no real solution for the next generation of students and could actually make college affordability even worse in the future.
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Beauty of Mathematics
1/1 = 1
2/2 = 1
3/3 = 1
4/4 = 1
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The cost of capital is not zero. The employer contributes equipment and expertise, and thus should get a return.
This should be required teaching across every school in America.
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Immigrants raise both the supply of labor *and* demand of labor. Evidence shows that each immigrant can create 1.2 local jobs for local workers.
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@realChrisBrunet
@besttrousers
More people -> more specialization of labor -> higher productivity -> more wage growth in the long run
Yes.
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140k likes. Good lord
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Twitter, it’s time to decide which taxes are the cream of the crop and which are low-tier. May the wisdom of the crowd prevail.
It’s the Tax Bracket.
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Labor markets aren’t tight enough until cover letters are no longer a thing.
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The correlation between voting preferences and gas prices is a democracy failure.
from Cygnal polling this morning: "As the statewide average for gas in Michigan drops below $4, we also see the generic ballot flip towards the Democrats, and Governor Whitmer makes some gains on the ballot to +7"
gas. prices.
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The case to vote Biden for right-leaning people who value pro-growth economic policy and our global leadership in the world:
Regulations and taxes can be repealed later. It’s far harder to restore rule of law, institutional independence, and global hegemony after you lose them.
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I told them that the NPV of an investment is the sum of future after-tax cash flows, discounted to present day.
They get it now.
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The liberal mind cannot comprehend adverse side effects from regulations.
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Do you want 2010’s wages back too?
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Oat milk is the best milk alternative. And honestly it’s not even close.
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real life
@niceandinnocent
@mags_mclaugh
Great approach. I also get information from real life (a monthly rotating panel of 60,000 people).
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Does Ro Khanna know that a wealth tax (which he advocates for) taxes unrealized gains?
JUST IN: Kamala Harris surrogate Rep. Ro Khanna went on CNBC this morning and SLAMMED HER PLAN to tax unrealized gains.
Her OWN SURROGATES dispose her plan..
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Constantly bringing up wealth inequality but doesn’t bring up housing
🚩 🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩
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Would actually like to see a study that uses transgender people who didn’t have surgery as a control group.
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I’m a part of the 11%. If public officials make less than their private counterparts, then they are tempted to make up the difference in nefarious ways.
Support For:
Banning Congress Members From Trading Stock: 63%
Banning Congress Members Families From Trading Stock: 57%
Raising Salaries Of Congress Members: 11%
Morning Consult / January 16, 2022 / n=2005 / Online
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Do people think “paycheck to paycheck” means that their checking account balance doesn’t grow month to month?
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End taxes on tips and enact tariffs vs cap rents and cancel student debt.
At this point, neither party is remotely serious on economic policy. Just populist garbage all around, trying to buy respective votes.
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Eventually, communists won’t even have this talking point when our monetary policy cures the generalized problem of demand-side recessions.
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> “The IRS figures if all churches paid their fair share of 15% taxes that it would total over $2 trillion a year.”
LMAO
Pastor Joel Osteen pays himself an annual salary of $54,000,000 from his church profits. He had a custom garage built with 20 car stalls for each of his custom vehicles. His favorite is a Ferrari 458 Italia that cost $270,000. He lives in a 70,000 sq ft mansion.
In the New
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@HollyBell8
I don’t shame people who live in single family homes.
I shame people who oppose making housing options legal.
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If someone receives big lumpy sums of income (e.g. an author sells his best-seller in one year), that person is hosed under a progressive income tax.
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The correct interpretation of this chart is that Americans are rich (which raises the demand for more intense/advanced care) and have unhealthy lifestyle choices.
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I don’t know who needs to hear this but the middle class is shrinking because they are moving up, not down.
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I don’t think Jacobin can recover from this.
Infamous for its starvation wages, Walmart just posted staggering first-quarter profits. The surge is a result of its strategic shift toward catering to affluent shoppers while its full-time workers continue to rely on Medicaid and food stamps.
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median vs mean
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labor demand curve exists
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New study. Most growth-damaging tax to least:
Corporate income tax
Personal income tax
Consumption tax
Property tax
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Society if we:
Open the borders
Deregulate land use
Tax land
Price externalities
Give people unconditional cash*
Provide universal healthcare
Reform occupational licensing
Do nominal GDP targeting
Abolish victimless crimes
Replace corporate tax with DBCFT
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Unions have government-granted privileges. I would not characterize them as “free market”.
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Buried in the news cycle - A new congressional report says that:
1. Biden's flood of illegal aliens will reach 8.7 million🤯
2. Which will cost taxpayers an additional $278 billion in welfare costs over a decade!
That's $2,100 per American household! 😡💸
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Malthusianism is the dumbest reason to be pro-choice.
NEW: Room goes silent as Bill Maher admits that he thinks abortion is murder but says he is okay with that because “there's 8 billion people in the world.”
Yikes.
“I scold the left on when they say: ‘oh, you know what, they just hate women. People who aren't pro-life, they
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@Curbed
@AOC
@DianaBudds
And in the process
@aoc
has sided with Wall Street speculators, gentrifiers & developers, & against a massive coalition of BIPOC-led housing justice orgs who take the opposite position that blanket upzoning low-income communities can fuel displacement.
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Just so everyone knows, there are four major problems with this graph:
1.Uses CPI deflator
2.Just looks at wages, neglects total compensation
3.Only looks at a subset of total workers (why not do median?)
4.Does wages of a *subset* of total workers vs *total* productivity
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Can we all agree that at least police and teacher unions need to go?
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This is wild to me. Biden provided billions to shore up financially troubled union pension plans via ARP Act.
In blow to Biden, Teamsters consider no endorsement in 2024 race
WASHINGTON, July 15 (Reuters) - President Joe Biden is on the brink of failing to win a key labor endorsement as leaders of the 1.3 million-member Teamsters union consider backing no candidate at all in the U.S.
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The Right: No one wants to work and that’s bad.
The Left: No one wants to work and that’s good.
Centrists: We have the lowest unemployment level in 50 years.
Let me be very clear. We do not have a 'labor shortage' in this country.
What we have is a working class who are saying they aren't going to work longer hours for lower wages in unsafe conditions while corporations make record profits.
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📢 THE FINAL ROUND 📢
Twitter, the time has come to decide which tax is ultimately the best.
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“We can’t upzone because that will enrich landowners.”
My brother in christ, just about any policy that grows the economy also enriches landowners.
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Bad monetary policy
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In my mentions, there are people with 🌐’s in their names saying that VAT and carbon tax are bad taxes.
I need to go back to just tax-policy poasting.
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• employers should be able to fire strikers
• taxes should go up
• pay everyone in Congress way more
• no compulsory schooling after middle school
• more military spending
• open the border
• make cars cost prohibitive in cities
• citizens united was correctly decided
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I take solace in knowing I caused Trump to seethe over not winning them all (you know he is).
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America prides itself on its free enterprise and capitalism, yet makes an organ market illegal.
Curious 🧐
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@idobadtakes
Right, if the employer doesn’t contribute something of value, then you'd quit and do it yourself.
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unemployment rate
@bjl110
@vituperativeerb
@whstancil
Yes, this is a property of mathematics. A random sample of a few hundred people will be statistically indistinguishable from the full population, no matter how big the population is.
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article
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This might be Bernie’s worst moment, btw.
Bernie Sanders, in 2015, responded with palpable disgust when
@EzraKlein
suggested the US had a moral obligation to adopt open borders. Bernie denounced that as a corporatist Koch plot to flood the country with cheap labor & harm American workers by lowering wages.
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...for every steel-worker job saved by those tariffs—at a cost of $650,000 per job—more than eight were destroyed in the downstream industries that use steel and aluminum. So much for the “common good.”
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A while ago, I convinced my 4-year-old son to try some carbonated water. It traumatized him so much that to this day he will not try soda.
Parent W?
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