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

Pretty.

Pretty good.

Pretty cool.

Pretty smart.

Pretty cute.

Pretty kind.

Pretty eyes.

Pretty warm.

Pretty witty.

Pretty artistic.

Pretty talented.

Pretty cultured.

Pretty traveled.

Pretty-faced.

Pretty loved.

But fuck me,

Life’s pretty hard.

What have you been listening to this week? You don't need to do a 6000 word review if you don't want to, but please write something! If you've just picked up some music, please update on that as well, we'd love to see your hauls :)

Feel free to give recs or discuss anything about each others' listening habits.

You can make a chart if you use last.fm:

http://www.tapmusic.net/lastfm/

Remember that linking directly to your image will update with your future listening, make sure to reupload to somewhere like imgur if you'd like it to remain what you have at the time of posting.

This thread also applies to every other annoying website.

Medium is one of the most annoying sites out there. It's slow, cluttered, always greets me with a despicable banner (no, I do not pardon the interruption!) and manages to consistently bypass uBlock Origin. I'm tired of complaining on individual threads (and attracting well-deserved reproach for my grumpiness), so here's my proposal: let's establish an informal rule that every Medium article should be shared in a sanitized version. outline.com seems to be the best tool to accomplish that, but I'm open to suggestions. As a safety measure, in case outline.com goes offline, the original Medium link could be posted in the body of the new thread.

What you lovely people think about this idea?