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Cake day: June 11th, 2023

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  • 91% was the top-tier tax rate, not the median. Nobody paid that rate: Those who would find themselves in that top tax bracket increased their spending on “business expenses” rather than cut punitively large checks to the IRS. Those “business expenses” were for products and services produced by workers; those “business expenses” paid worker salaries. The high marginal tax rates drove money out of the hands of the ultra-rich and straight into the pockets of the working class. Turns out that paying workers for their labor is more valuable to the ultra-rich than giving away their excess earnings to the IRS.

    We need to restore the punitively high top-tier tax rates we had from the 1950s to the early 1970s, to drive more cash back into the working class.

    But more importantly, we need to institute an annual, 1% tax on all registered securities. To keep the rich from playing fuck-fuck games, that tax should be paid in shares of the securities held, not the dollar value of those securities.

    Natural persons may exempt up to $10 million worth of securities from this tax. Corporate “persons” may not exempt their portfolios. If you’ve got $20 million in your portfolio, you need to find another natural person, or start paying.

    The SEC transfers non-exempt shares directly to the IRS; the IRS liquidates those shares on the open market, slowly over time. These liquidated shares will never comprise more than 1% of total traded volume.











  • “far enough north” for this effect is above 59° latitude, and doesn’t include places like Iceland that don’t observe DST. The population density above 59° is a rounding error above zero.

    The only place to reach it in the southern hemisphere is Antarctica itself and a few islands.

    Their votes and opinions certainly count, but the rest of the world should not be forced to use a bad time system just to appease the very few who live that high. Especially when they have other alternatives available to resolve their problem.

    The overwhelming majority of people who experience this effect of DST are on the west end of their current time zones at a much lower latitude.




  • You live in the western end of your time zone, and at a pretty high latitude. That’s the only way to get sunset after 10pm. Your summer sunrise must be about 3am. And you must only see about 5 hours of daylight during winter.

    If you are experiencing sunset 2 hours before midnight, the eastern end of your time zone is experiencing sunrise two hours after midnight. Nobody wants sunrise at 2am.

    I would say that you should not be in your time zone. Your region should be in the next time zone to the west. Their DST schedule is your standard time schedule.

    Alternatively, there is nothing stopping the eastern end of your time zone from joining the next zone to the east, so that their year-round clocks make more sense for them.

    Any viable plan to lock the clocks is going to have to include provisions for our regions to select the time zone we want to use.



  • I agree with the sentiment, but it’s worth noting that the current excesses of CEO compensation through stock incentives

    Securities tax, payable in shares of the security. 1% of all registered securities are transferred directly to the IRS each and every year. Natural persons can request an exemption for up to $10 million worth. No exemption for corporate or other artificial “persons”.

    IRS liquidators will auction the taxed shares over time, such that sale of taxed shares are never more than 1% of total traded volume.