-
7 votes
-
Inflated bond ratings helped spur the financial crisis. They’re back.
5 votes -
Sweden's Klarna becomes biggest fintech firm in Europe – operator valued at $5.5bn after fresh round of investor funding
6 votes -
China lets yuan tumble past seven per dollar as trade war escalates
15 votes -
The FTC's settlement with Equifax is such a joke, the FTC is now begging you not to ask for a cash settlement
16 votes -
Norwegian Air has announced that it will launch a crypto exchange called the Norwegian Blok Exchange (NBX)
7 votes -
ASX 200 share index hits a record high, finally beating pre-financial crisis levels
3 votes -
College financial-aid loophole: Wealthy US parents transfer guardianship of their teens to get aid
15 votes -
Capital One says data breach affected 100 million credit card applications
11 votes -
The FBI thinks Long Island Iced Tea’s infamous pivot to blockchain was sweetened by insider trading
6 votes -
The world’s last Blockbuster has no plans to close
10 votes -
Five myths about global poverty
10 votes -
Trump’s Budget Deal Shows Deficits Don’t Matter Anymore
6 votes -
Dish agrees to $5 billion US deal for wireless assets
3 votes -
Mario Draghi signals 'worse and worse' outlook warrants ECB stimulus
7 votes -
DoorDash commits to changing their tipping model after renewed uproar
13 votes -
The IMF projects a revised downward global growth of 3.2% in 2019 and 3.5% in 2020
5 votes -
Economics after Neoliberalism
5 votes -
For $15K, He’ll Fake Your Exchange Volume – You’ll Get on CoinMarketCap
7 votes -
Facebook’s Libra and national monetary sovereignty: A tale of two monopolies
4 votes -
Consumer prices were on average fifty-six percent higher in Iceland than the rest of Europe in 2018
6 votes -
Raj Chetty's plan to fix the American Dream
5 votes -
Why doing harm is profitable: You might think it’s always “bad for business” to cause disaster. You’d be very wrong!
9 votes -
Everyone says Libra, Facebook's planned cryptocurrency, should be heavily regulated. But nobody seems to know how - including Facebook.
6 votes -
Elizabeth Warren, in detailed attack on private equity, unveils plan to stop ‘looting’ of US companies
16 votes -
Netflix stock drops more than 10% as Q2 earnings show huge decline in new subscribers, including a loss domestically
15 votes -
Why today’s Amazon strike is so important
13 votes -
How negative rates and millionaires played a role in Danish vote
5 votes -
Beyond Meat has hit the ‘short-squeeze trifecta’ as borrow fees keep soaring
18 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 -
Norway's sovereign wealth fund backs away from fossil fuels
7 votes -
The story McKinsey didn’t want written
11 votes -
Denmark fines Total for discharging chemicals into North Sea
6 votes -
How a merger in the 1990s ruined Boeing, and why the government will have to step in to save the company
23 votes -
Clamor is growing for Sweden to throw off its fiscal shackles after years of spending restraint
7 votes -
HQ Trivia lays off ~20% as it preps subscriptions—Just 8% as many downloads as last year
10 votes -
Greed, drugs, dirty cops, and the bitter sibling rivalry burning up the $800 million Louisiana family dynasty of Knight Oil Tools
8 votes -
Distributional analysis of Andrew Yang’s Freedom Dividend
8 votes -
How Britain can help you get away with stealing millions: a five-step guide
7 votes -
Australian Government's $158b tax cuts pass Parliament, giving Coalition first win since election
5 votes -
America needs to see Amazon’s tax returns
11 votes -
Universal Basic Income - Life after automation
8 votes -
Why education startups do not succeed
6 votes -
Disney heiress calls for wealth tax: 'We have to draw a line'
10 votes -
Kirkbi Invest – Legoland owner Merlin Entertainments agrees £4.8bn offer
3 votes -
Russia wants concessions from Ukraine for continuing gas transit to Europe
9 votes -
What happens after Amazon’s domination is complete? Its bookstore offers clues
11 votes -
Capitalism isn't 'broken'. It's working all too well - and we're the worse for it
27 votes -
With cryptocurrency launch, Facebook sets its path toward becoming an independent nation
6 votes -
Libra White Paper - Facebook's cryptocurrency
4 votes