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8 votes
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Why Costco is cheaper than Amazon
5 votes -
Congressional hearing - An examination of Facebook and its impact on the financial services and housing sectors
7 votes -
Introducing the Gulfstream G700
9 votes -
The merger between T-Mobile and Sprint could be good for US businesses, despite opposition from state attorneys general and consumer advocacy groups
5 votes -
What the health care debate still gets wrong
10 votes -
FCC formally approves T-Mobile/Sprint merger
6 votes -
America’s Orthodox Jews are selling a ton of the products you buy on Amazon
11 votes -
The 'glass floor' is keeping America's richest idiots at the top
10 votes -
SEC files emergency action and obtains a temporary restraining order to halt Telegram's cryptocurrency token offering
6 votes -
Stockton's basic income trial: Early results show how money is spent
6 votes -
IRS: Sorry, but it’s just easier and cheaper to audit the poor
17 votes -
US hits Scotch whisky, Italian cheese, French wine, and other European products with 25% tariffs
12 votes -
The British show how to improve 401(k)s
8 votes -
Bernie's CEO corporate tax plan
16 votes -
Blame economists for the mess we’re in: Why did America listen to the people who thought we needed “more millionaires and more bankrupts?”
19 votes -
Bernie Sanders wants to put credit reporting companies like Equifax out of business and replace them with a public credit registry
40 votes -
Square wants to be a bank but doesn’t want to be taxed like one
15 votes -
The deadly race: How Amazon hooked America on fast delivery while avoiding responsibility for crashes
12 votes -
Congress promised student borrowers a break. Education dept. rejected 99% of them
20 votes -
Where dollar bills come from
6 votes -
Alaska’s universal basic income problem
19 votes -
Uncertainty about Trump's trade war with China and Brexit are creating a "flying blind" economy
5 votes -
A history of Visa, the credit card company. Part I
8 votes -
Walmart dodged up to $2.6 billion in US tax through a “fictitious” Chinese entity, former executive says
13 votes -
The Kochtopus’s garden
9 votes -
How Elon Musk fooled investors, bilked taxpayers, and gambled Tesla to save SolarCity
19 votes -
America is obsessed with beef. But it has no use for hides, so leather prices plunge
9 votes -
US President Donald Trump says he's raising tariffs on China after its retaliation
9 votes -
A young mayor makes the case for a guaranteed income
11 votes -
American capitalism is brutal. You can trace that to the plantation
16 votes -
Yield curves invert in US, UK as ‘doom and gloom’ spreads
25 votes -
Inflated bond ratings helped spur the financial crisis. They’re back.
5 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 -
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 -
DoorDash commits to changing their tipping model after renewed uproar
13 votes -
Raj Chetty's plan to fix the American Dream
5 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