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panthera_

@ panthera_ @lemmy.today

Posts
5
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421
Joined
2 mo. ago

  • Trump Blurts Out Vile Plot to Steal Midterms as Polls Take Brutal Turn

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  • The solution is to have a computer program draw congressional districts but neither party wants it because they like gerrymandering as long as it benefits it benefits their party.

  • With food benefit cuts looming in the US, Californians eye billionaire tax

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  • From https://www.forbes.com/sites/nathangoldman/2025/11/14/can-a-5-wealth-tax-on-200-billionaires-save-or-sink-california/

    The most common issue raised by skeptics of wealth taxes is “capital flight”. As discussed in a Tax Notes article, “such a tax would signal to wealthy taxpayers that they should reside elsewhere.” This article goes on to discuss that high-income taxpayers pay the majority of state income taxes in California, and even if a small number of those individuals leave, it could lead to long-term tax collection consequences.

    This concern has been underscored by numerous academic studies. Most recently, an NBER working paper co-authored by Jakobsen, Kleven, Kolsrud, Landais, and Munoz finds that 1 one percentage-point increase in the top wealth tax rate in Sweden and Denmark leads to an outward migration of wealthy taxpayers by two percent. Other work in the American Economic Review by Moretti and Wilson documents that variation in jurisdictional taxes significantly influences the location of talent, suggesting that higher tax burdens lead individuals to relocate.

  • With food benefit cuts looming in the US, Californians eye billionaire tax

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  • From https://www.forbes.com/sites/nathangoldman/2025/11/14/can-a-5-wealth-tax-on-200-billionaires-save-or-sink-california/

    In addition to concerns surrounding capital flight, there are numerous other concerns with imposing a wealth tax. For starters, it can be very difficult to value a taxpayer’s wealth. Naturally, a stock and securities portfolio maintains accurate valuations on a regular basis. However, real estate assets have much looser valuations, and some assets like artwork require professional assessments. When considering the entire portfolio of assets for California’s billionaires, it remains unclear as to how expensive it might be to value a taxpayer’s wealth accurately, not to mention how long it will be litigated once that taxpayer inevitably argues the valuation. Additionally, enforcing a wealth tax can create liquidity problems for taxpayers as they might have to sell assets to meet the tax liabilities, and it could lead to substantial tax planning that results in the taxpayers gaming the system, and thus, the proposal would not have the intended effect.

  • EU rejects Putin call for Gerhard Schröder role in Ukraine peace talks

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  • It's good however, that the EU wants to get involved in the negotiations. Actually, it should be Europe since the UK is not in the EU. Europe should not trust Trump. Trump might be willing to abandon Ukraine in exchange for Putin limiting its aid to Iran.

  • With food benefit cuts looming in the US, Californians eye billionaire tax

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  • Then they will find a way to circumvent paying the billionaire tax.

  • With food benefit cuts looming in the US, Californians eye billionaire tax

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  • They might leave. States such as Texas and Florida are probably encouraging them to come.

  • With food benefit cuts looming in the US, Californians eye billionaire tax

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  • Because if they go they, they might not return.

  • With food benefit cuts looming in the US, Californians eye billionaire tax

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  • With food benefit cuts looming in the US, Californians eye billionaire tax

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  • California tax is based on income. Consequently, the more income the higher the tax.

  • With food benefit cuts looming in the US, Californians eye billionaire tax

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  • If that's the case, how would the billionaire tax be effective?

  • With food benefit cuts looming in the US, Californians eye billionaire tax

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  • Should NYC take that chance?

  • With food benefit cuts looming in the US, Californians eye billionaire tax

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  • With food benefit cuts looming in the US, Californians eye billionaire tax

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  • It's not going to work. Billionaires will simply leave California resulting in less tax revenue.

  • Russia Has Lost More Than 350,000 Soldiers, New Estimate Finds

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  • Stalin had a lot of help especially the US, the UK, and its Commonwealth but Putin will keep attacking regardless of losses until he wins or loses.

  • Iran threatens US sites in Middle East if tankers come under fire

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  • Trump is demanding too much. He wants Iran to hand over its enriched uranium to the US. Iran would probably be willing to hand over its enriched uranium to Russia, China, or Pakistan.

  • Russia Has Lost More Than 350,000 Soldiers, New Estimate Finds

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  • Putin like Stalin doesn't care about troop losses because he knows Russia has overwhelming superiority in manpower.

  • ‘My ambition is to change the country,’ AOC says when asked about seeking higher office in 2028

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  • She won't win. She's too far to the left and married with no children. Andy Beshear would be a better Democratic candidate.

  • A Year After Trump’s Scolding, It Turns Out Zelenskyy Has All Kinds Of Cards

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  • Good. Europe must help Ukraine. Don't trust Trump. He doesn't have Ukraine's best interests in mind.

  • Trade court says Trump's 10% global tariffs are unlawful - ABC News

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  • The Court is correct. Otherwise, the executive branch will have too much power.