capitalism
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- yuekit2
- "Amazon CEO Bezos eats iguana at award dinner in New York"
https://www.dailysab…yuekit - Next up chilled monkey brainsGuyFawkes
- and Komodo dragonmonospaced
- I love that nobody opened a separated thread for bezos/amazon and we just keep his shit herested
- "Amazon CEO Bezos eats iguana at award dinner in New York"
- grafician0
- print moar!Milan
- i have an econ degree and this is a better article than my 4 yrs, in school https://pluralistic.…jpgjpg
- Such a Great Ponzi Scheme!utopian
- And people still don’t get Bitcoin...shapesalad
- Bitcoin looks just like that, but with a mirrored graph going down...formed
- Inflation caused by Biden’s macro economic policyhotroddy
- Inflation at 5% was announcedgrafician
- @hot LOL! Yeah, all this happened in a few months, nothing to do with the previous admin's bloated budget spent on nothing, the pandemic, etc., etc., etc.formed
- ^graf - I am seeing a lot higher than that. Being the HOA Pres (joy), I get to sign all the checks. Everything has gone up more than 10%. Scary stuff.formed
- also debt as share of GDP is 131%grafician
- @formed: the numbers https://inflationdat…grafician
- if all this spending is done properly with good investments in key sectors, and not just wasting money to the rich again, the US will bounce really goodgrafician
- let's hope it's not the armed forces again.uan
- Uhhhhh. This was a national and global pandemic response. Wankers everywhere.monospaced
- grafician1
"Meet Your New Landlord: Wall Street
Big investors transform suburban neighborhoods by buying up single-family homes and renting them out"
"A new breed of homeowners has arrived in this middle-class suburb of Nashville and in many other communities around the country: big investment firms in the business of offering single-family homes for rent. Their appearance has shaken up sales and rental markets and, in some neighborhoods, sparked rent increases."
- Yup, it's going to be full-on renter nation. Here in Denver you'll need at least $750k to get a starter home anywhere near the city. It's crazy.formed
- Rich get richer, poor get poorerformed
- So fuckedinstrmntl
- From what I've read is also very very hard to get building permits for new housing :))
America is so fucking dumb when it comes to bureaucracy...grafician
- grafician4
"Today, ProPublica is launching the first in a series of stories based on the private tax data of some of our nation’s richest citizens. We obtained the information from an anonymous source who provided us with large amounts of information on the ultrawealthy, everything from the taxes they paid to the income they reported to the profits from their stock trades.
In the coming months, we plan to use this material to explore how the nation’s wealthiest people — roughly the .001% — exploit the structure of our tax code to avoid the tax burdens borne by ordinary citizens."
- this could get ugly real quick...grafician
- It's how the rich get richer and the poor get poorer.utopian
- ^ it will if there's not something down about wealth distribution. Sad that people bitch about how we can't afford education or healthcare, butformed
- they're fine with the wealthiest paying next to nothing (so much for the 'hey, don't tax them, they pay the most taxes' crap)formed
- actually they don't pay income taxes because they don't have a salary?
they own assets that appreciate in value, so it's not their fault, but the Govsgrafician
- grafician3
"The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax"
- shapesalad-5
Regarding G7 and taxing the big companies operating globally... expecting in the next few weeks these said big companies to announce they converting treasury to Bitcoin and accepting bitcoin for payment of iPhone, starbucks, etc etc.
- Lol, not a chance this will happen soon. Big companies are slow. They’ll lobby and find new loopholes. Maybe in 20 yearsnb
- Nah, i expect the profit % requirement might instead make companies invest in taxable markets more to reduce their exposure.
HAHAHA, lol, of course they won't.Nairn - you can implement this idea for products what don't have an entire supply chain with usd based capital & cash flow.sted
- No way any company will put anything large into any crypto. BTC just dropped almost 50% in what, a week? Can you imagine if a company lost that value?formed
- A complete lack of stability, and easy manipulation (just a tweet!), will keep btc from being mainstream. There will be a solution, sooner or later.formed
- BTC drop 50% so they can buy it up.shapesalad
- ...and then?Nairn
- Real money is backed by state. By power. At best, all crypto has backing it is invested real money and belief, both of which are easily- transitioned.Nairn
- Until we have a genuine online space that has real power that contends against 1st tier nation states, we won't have a truly valuable crypto currency.Nairn
- all truemonospaced
- Don't eat the sand.palimpsest
- Nairn - fiat is backed by state power.... sounds good until you get a crackpot in charge. Decentralised is the future, it's the most democratic form of money.shapesalad
- Pretty sure those at the height of the Roman empire thought their money was the bee's knee's - working hard for it, saving it...shapesalad
- Until those in power started minting more, and diluting the metal grade, until it was worthless and the empire fell.shapesalad
- grafician3
"Group of Seven finance ministers gathering in London agreed Saturday to back a global minimum tax of at least 15% on multinational companies.
The G7 group also agreed that the biggest companies should pay tax where they generate sales, and not just where they have a physical presence."
- I am already hearing radio ads here..."message your representative, don't penalize the 'job creators'"formed
- Damn, poor Jeff on't be able to fly away to Mars now.PhanLo
- Hmmmmmmonospaced
- Liberals to the rescue!palimpsest
- i_monk3
https://pluralistic.net/2021/06/…
For 40 years, the gospels of market efficiency and shareholder value have demanded that we dismantle the state (because markets are efficient, while states are not) and hollow out companies ("trimming fat" to serve the almighty shareholder).
Thus state capacity has waned while companies themselves became more brittle: their employees turned into contractors, their cash-reserves liquidated as dividends and buybacks, their supply chains stretched over impossible distances with multiple critical points of failure.
Human civilization became increasingly fragile, while the threats it faces increased in suddenness and severity....
As a Twitter thread: https://twitter.com/doctorow/sta…
- utopian2
Corporations donated millions of dollars to Republicans who voted to overturn presidential election.
Many corporations renege on post-Jan. 6 pledges. Many companies said they would cut off or rethink donations to Republicans who voted to overturn the 2020 election results. But has that happened?
- NBQ000
Lol, one more. “5 Million into 5 Billion”
- “Risk free. Projected return: 5 Billion dollars by 2020”NBQ00
- Billyon dollars ya.utopian
- they are all so patronisingautoflavour
- NBQ001
- HAHA oh god this was painful to watch! This poor, poor guy!!Projectile
- Milan0
1) Combined share of total US wealth held by everybody except the richest 10%, 1990-2020.
2) The share of US wealth held by *just* the top 1%, 1990-2020.
What it means: 10% of Americans control *70%* of national wealth. And the top 1% own more than the bottom 90% COMBINED.
- Every time someone posts this or one of the other similar claims I wonder what point you think you’re making.Morning_star
- but the bottom 90% hold all the debt._niko
- @niko. Sorry but no. Most debt is held by educated, professional or management level people with families.Morning_star
- Everybody hates the rich until they become rich themselves, then they hate taxesgrafician
- Most people think, behave and vote as they'll be rich one day, but 99% stay poor.Milan
- You’ve just made that up. Rich is relative and hope is a good thing.Morning_star