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15 votes
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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 -
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 -
Trump’s Budget Deal Shows Deficits Don’t Matter Anymore
6 votes -
Dish agrees to $5 billion US deal for wireless assets
3 votes -
DoorDash commits to changing their tipping model after renewed uproar
13 votes -
Elizabeth Warren, in detailed attack on private equity, unveils plan to stop ‘looting’ of US companies
16 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 -
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 -
America needs to see Amazon’s tax returns
11 votes -
Disney heiress calls for wealth tax: 'We have to draw a line'
10 votes -
How Itta Bena, Mississippi, became a banking desert
5 votes -
It’s been five years since Seattle’s landmark $15 minimum wage law. It not only helped workers — it raised their expectations about what's possible and what they deserve.
16 votes -
Getting rich: From zero to hero in one blog post
15 votes -
SEC charges Kik Interactive with conducting $100 million unregistered ICO
5 votes -
Shadow banks are back with another big bad credit bubble
11 votes -
The retirement gamble
9 votes -
Big Tech wanted to dethrone credit cards. Why it failed, and who wins now
8 votes -
Corporations are getting better at gutting worker protections
7 votes -
KKR hires former Australian Prime Minister Turnbull as global senior advisor
5 votes -
We talked with the New Hampshire family in Andrew Yang’s universal basic income experiment
11 votes -
Young Puerto Ricans are leaving the island to escape the territory's debt
7 votes -
Bitfinex covered $850 million loss using Tether funds, NY prosecutors allege
8 votes -
The company that sells love to America had a dark secret
8 votes -
The corporations devouring American colleges
5 votes -
Many Americans are too broke for bankruptcy. A new report suggests some fixes.
6 votes -
Last summer, Foxconn announced a barrage of new projects in Wisconsin, but an attempt to check up on them found little except empty buildings and secrecy
10 votes -
Uber files for its IPO
12 votes -
Why the US government makes filing your taxes intentionally difficult
16 votes -
Maryland just became the sixth state to raise the minimum wage to $15 an hour
23 votes -
Bill raising Federal minimum wage to $15 heads to US House floor
31 votes -
What is the human cost to China's economic miracle? | Head to Head
6 votes -
Why is customer service so bad? Because it’s profitable.
13 votes -
Protecting the 'unbanked' by banning cashless businesses in Philadelphia
12 votes -
SEC asks judge to hold Elon Musk in contempt for violating settlement related to Twitter usage
17 votes -
A $300 billion business tax break meant to raise wages is instead helping companies replace workers with machines, study says
18 votes -
Andrew Yang discusses UBI on Joe Rogan's podcast
9 votes -
Amazon will pay a whopping $0 in Federal taxes on $11.2 billion profits
9 votes -
How Wall Street bought up America's homes
9 votes -
The five families of feces - The porta-potty business is as dirty as you’d think. But one man keeps coming up smelling like roses.
7 votes -
With Alexandria Ocasio-Cortez, Americans finally have a politician who agrees with them about taxes
24 votes -
The future of the minimum wage is alive in Seattle
7 votes -
Build the US wall? It could take at least ten years, even with 10,000 workers.
11 votes -
Ocasio-Cortez’s seventy percent top tax rate is a moderate, evidence-based policy
23 votes -
Is capitalism worth saving?
9 votes -
As a grocery chain is dismantled, investors recover their money. Worker pensions are short millions.
12 votes