-
5 votes
-
The climate crisis has made breathing smoke normal in Pacific Northwest
13 votes -
Man described as "anarchist and anti-fascist" killed while assaulting ICE detention facility in Tacoma
23 votes -
Crystal Geyser mistakenly emails Chronicle: Randle Bottling project likely ‘dead’
8 votes -
Blackout hits major sections of Manhattan
13 votes -
US FTC approves Facebook fine of about $5 billion
22 votes -
Tycho - Into the Woods (2020)
10 votes -
Seattle faces backlash after easing up on punishing crimes involving mental illness
6 votes -
Should the US and the states create their own Sovereign Wealth Fund?
I think a Sovereign Fund is where Yang should move his focus to. Its a long-term approach that requires a focus. In 30 years the Norway fund has become the largest fund in the world The Norway...
I think a Sovereign Fund is where Yang should move his focus to. Its a long-term approach that requires a focus. In 30 years the Norway fund has become the largest fund in the world
The Norway Fund has been the receiver of all of Norway's Gas Taxes and Profits but has not paid out anything, so its only grown. But its intend purpose is to supply a form of a UBI (or subsidize Gov't tax revenues if the taxes were to ever fall short enough)
To Fund it, in the US, we need the Gas tax to be quadrupled. Double ($1/gal) it to properly pay for road maintenance and to pay for properly funded and expanded metro development, Greener metro lines, bike lanes, double it again ($2) to pay for Wealth Funding
This gas tax funding of $1/gal would contribute 175Billion in investments
After 40 years the wealth Fund would provide $7 Trillion Annually to pay for a UBI for as long as the US were to want it. Without any additional tax revenue
I think we can look at other jobs and industries where there is a boom and bust cycle, casinos, and where future income should be considered
Mississippi Gambling Revenue and therefore taxes has fallen 31% in 2018 (tax revenue $234 million) vs 2008's (345 million) best year numbers.
If Mississippi had contributed it's taxes to a Sovereign Wealth Fund instead of using it as a Substitute to Government taxes what would the effect have been.
A year after gambling was Legalized in Mississippi, skipping the first years taxes, the state of Mississippi has received Gaming Taxes, Starting in 1994, a total of $6.3 Billion in tax revenues
If those same taxes had been invested in a Wealth Fund its current value would be ~$29.6 Billion
Of course this would have required Mississippi to create 6 Billion in alternate tax Revenues, and this is the stump speech Yang needs to create.
Because in 5 years when Gaming Revenues have dropped another 50% its time for Mississippi to be ready, and in this case you're sitting on a $50 Billion Wealth Fund. That can pay out $4 billion a year to its 2.9million residents or fund the government services instead of deep cuts
14 votes -
Alaska lawmakers show up in different cities, stuck on $444 million budget vetoes
7 votes -
Where are all the Bob Ross paintings? We found them.
8 votes -
Tropical Storm Barry expected to landfall as hurricane; Mississippi River rising faster than expected
7 votes -
Sebastian Gorka at the center of Rose Garden ruckus following Trump event
5 votes -
The most important Supreme Court cases of 2019 review
8 votes -
US Border Patrol agents are passing around a commemorative coin mocking care for migrant kids
10 votes -
The day the fire came: A tale of love and loss on the Panhandle plains
4 votes -
The threat of youth basketball: a two-part investigation into why so many more young players are getting seriously injured
6 votes -
Acosta resigns as labor secretary over Epstein plea deal
15 votes -
R. Kelly arrested on Federal sex trafficking charges
12 votes -
The snakes that ate Florida
4 votes -
The snakes that ate Florida: Biologists wade deep into the Everglades to wrestle with the invasion of giant pythons threatening the state’s wetlands
4 votes -
The history of Ivar's, Washington's beloved chowder chain
8 votes -
Before the shaking starts: Living in the shadow of Utah’s next big earthquake
6 votes -
Why US cities aren’t using more electric buses
6 votes -
The CIA classified a MAD Magazine gag for thirty years
10 votes -
Undocumented, vulnerable, scared: The US women who pick your food for $3 an hour
6 votes -
What is the Satanic Temple, and how did a goat-headed statue end up at the Arkansas State Capitol?
6 votes -
Parts of New Orleans are flooded. Worse is on the way: A brewing storm surge could elevate the Mississippi River to twenty feet above sea level—as high as the levees that protect the city.
10 votes -
Road-tripping with the Amazon nomads - To stock Amazon’s shelves, merchants travel the backroads of America in search of rare soap and coveted toys
8 votes -
The Citizenship Question, the Supreme Court, and Who Deserves a Do-Over
3 votes -
Holding the US Navy accountable for dumping toxic copper into Puget Sound
10 votes -
For forty years, crashing trains was one of America’s favorite pastimes
6 votes -
“I did not die. I did not go to heaven.”: How the controversy around a Christian bestseller engulfed the evangelical publishing industry—and tore a family apart.
10 votes -
Americans shouldn’t have to drive, but the law insists on it
23 votes -
Podcasts should stick to exonerating the innocent
8 votes -
Political Juice's thoughts on the current state of America
2 votes -
Where does NASA keep the moon rocks?
5 votes -
NASA maps surface changes from California quakes
8 votes -
Assessing the U.S. Climate in June 2019 - Contiguous U.S. surpasses wettest 12-month period on record for third time this year
7 votes -
Why America is ignoring Kirsten Gillibrand
10 votes -
The corporate cash behind Oregon's GOP walkout
11 votes -
Ross Perot, self-made billionaire, patriot and philanthropist, dies at 89
10 votes -
The Russian foreign intelligence service is responsible for the fake report that launched the Seth Rich conspiracy theory that captivated conservatives and was promoted by the Trump administration
13 votes -
Alaska: Temperatures rival Miami amid 'unprecedented' heatwave
6 votes -
Car Seat Headrest - Beach Life-in-Death (2011)
6 votes -
What the measles epidemic really says about America: Historical amnesia, declining faith in institutions, and a troubling lack of concern for the public good
13 votes -
Climate-causing greenhouse gases in the decline in Colorado
9 votes -
Sydney Ember’s Secret Sources: NYT reporter hides corporate ties of Bernie Sanders critics she highlights
15 votes -
'Protesters as terrorists': Growing number of states turn anti-pipeline activism into a crime
10 votes -
Any Democrat who wants to be President should reject war with Iran, not hide behind process criticisms
16 votes