#taxpolicy — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #taxpolicy, aggregated by home.social.
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Coalition Pushes Labor on Taxes, Migration Amidst Internal Strife
Australia's Liberal Party, now the sole opposition, criticizes Labor's tax and housing plans. Learn how this affects renters and investors.
#auspol, #taxpolicy, #housingcrisis, #liberalparty, #laborgovernment
https://newsletter.tf/liberal-party-opposition-labor-tax-housing-split/
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The Liberal Party is now the only opposition after splitting from the Nationals, impacting political debates on taxes and migration.
#auspol, #taxpolicy, #housingcrisis, #liberalparty, #laborgovernment
https://newsletter.tf/liberal-party-opposition-labor-tax-housing-split/ -
Political Theatre Intensifies: NDIS Reforms Face 'Immoral' Accusations as Tax Overhaul Sparks Fierce Opposition
New NDIS changes face 'immoral' accusations. Opposition vows to repeal tax reforms. Find out what it means for you.
#NDISReforms, #TaxPolicy, #AustralianPolitics, #Budget2026, #Greens
https://newsletter.tf/ndis-reforms-immoral-tax-overhaul-opposition/
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The government's NDIS reforms are being called 'immoral' by the Greens, who say 160,000 people could lose support. This comes as the Opposition plans to repeal tax changes.
#NDISReforms, #TaxPolicy, #AustralianPolitics, #Budget2026, #Greens
https://newsletter.tf/ndis-reforms-immoral-tax-overhaul-opposition/ -
DATE: May 13, 2026 at 06:00PM
SOURCE: PSYPOST.ORG** Research quality varies widely from fantastic to small exploratory studies. Please check research methods when conclusions are very important to you. **
-------------------------------------------------TITLE: Class background influences whether genetic predisposition for intelligence drives you left or right
URL: https://www.psypost.org/how-childhood-class-alters-the-genetic-pathways-of-political-ideology/
A person’s economic political views are shaped by their genetic predisposition for cognitive performance interacting with their childhood social class. People with a higher genetic likelihood for cognitive performance tend to adopt left-wing policies if they grew up poor, and right-wing policies if they grew up wealthy. The research was published in Political Psychology.
Understanding differences in economic policy preferences is a primary goal of political science. Traditional models in political economics assume that individuals will support policies that benefit them financially. In a strictly theoretical system where flat taxes are redistributed equally, anyone earning below the average income should want complete redistribution, while anyone earning above the average should oppose it. While real political systems are messier, the fundamental dynamic generally holds.
Low-income earners tend to benefit from proportional taxation and redistribution, while high-income earners bear the costs. In recent years, researchers have found that genetics also influence political behavior. Studies using various methods have documented genetic overlaps with political preferences. This overlap means that ideological preferences partially share the same genetic architecture as other measurable traits.
Since our distant ancestors did not have modern tax systems or mass political parties, evolutionary forces could not have shaped economic ideology directly. Genetic effects on these preferences must operate through intermediate traits, which scientists call endophenotypes. Some researchers proposed that cognitive performance might act as one of these intermediate traits.
The results of previous studies on cognitive performance and economic ideology, however, have been wildly inconsistent. Some studies showed a positive link between cognitive ability and economic conservatism. Other studies found a negative link, and some found no connection at all.
Rafael Ahlskog, a researcher at the Department of Government at Uppsala University in Sweden, thought these contradictory results could be reconciled. He proposed a gene-environment interaction. This occurs when a specific genetic factor behaves differently depending on the environment surrounding the individual.
Ahlskog theorized that cognitive performance does not push a person toward a specific political ideology on its own. Instead, cognitive capacity helps people analyze complicated policy packages and accurately deduce their own class interests. Modern economies feature vast arrays of diverse taxes, regulations, and benefit programs. Evaluating how these policies interact requires analytical effort.
By applying these conceptual frameworks, the study connects the theories of classical economics with modern genetics. People who find it easy to perform the mental calculations required to navigate tax proposals will optimize their policy preferences. Those who find it more difficult might answer policy questions more randomly, or they might rely on social cues not strictly tied to their personal class background.
In addition to this, political science maintains a long-standing theory regarding the impressionable years in human development. This theory states that environmental influences on attitudes are most potent during late adolescence and early adulthood. After this period, political preferences tend to stick. Based on this, Ahlskog suggested that the perception of one’s class interest is shaped primarily by the relative economic standing of their parents during these formative years.
To test these ideas, Ahlskog analyzed data from a large sample of fraternal twins from the Swedish Twin Registry born between 1943 and 1958. Fraternal twins are siblings born at the same time who share, on average, half of their genetic sequence. Using within-family differences among fraternal twins provides an excellent natural experiment for behavioral researchers.
Researchers value within-family sibling designs because comparing two people from the broader population introduces confounding variables. Between two random strangers, a genetic correlation might be skewed by regional ancestry differences or by the environmental impacts of their parents’ genes. Fraternal twins share the exact same family environment, and their genetic differences result purely from the random shuffling of DNA during conception.
Because of this randomization, systematic downstream differences in sibling behavior have a causal interpretation. Researchers can confidently conclude that the genetic difference caused the behavioral difference, rather than an unmeasured environmental factor.
To conduct the analysis, Ahlskog utilized variation in a genetic measure called a polygenic index. A polygenic index is an individual-level predictor of a specific trait that is based entirely on a person’s DNA. Geneticists build these indices by identifying thousands of tiny DNA variations known as single nucleotide polymorphisms that correlate with a target trait. The index used in this study summarized each twin’s genetic propensity for cognitive performance based on previous large-scale genomic discoveries.
He combined this genetic data with the twins’ responses to an extensive survey conducted by the Swedish Twin Registry between 2009 and 2010. The survey included a detailed battery of over thirty political preference questions. Participants rated policy proposals on a five-point scale ranging from strongly disagree to strongly agree. Ahlskog isolated twelve items specifically dealing with economic ideology, such as opinions on taxation, welfare distribution, the public sector, and government regulation.
To measure family socioeconomic standing, Ahlskog utilized Swedish registry data covering the twins’ parents. He calculated a relative affluence score by comparing the parents’ income and education levels to other adults in their specific local parishes. This provided a localized measure of class background. Sociologists have found that people typically compare their economic status to their immediate neighbors rather than the national average.
When looking at the average effect across the entire sample, the genetic measure for cognitive performance had no impact on economic conservatism. The effect size appeared as practically zero. Without looking deeper, this might seem like a simple lack of an effect.
When Ahlskog factored in the family’s socioeconomic background, the average null effect broke apart to reveal two distinct, opposing trends. Among children raised in relatively poorer families, a higher genetic index for cognitive performance caused more left-wing economic views. These individuals favored higher taxation and wealth redistribution.
Among children from affluent backgrounds, the effect reversed entirely. A higher genetic index among these privileged individuals caused more right-wing views. They favored market reliance and reduced welfare spending. The genetic factor altered how individuals optimized their political views based entirely on their childhood class.
In the scientific taxonomy of gene-environment interactions, researchers often distinguish between dimmer effects and lens effects. A dimmer effect happens when a change in the environment alters the magnitude of a genetic influence, making it stronger or weaker. A lens effect happens when the environment actually changes the direction of the genetic influence. Ahlskog’s findings represent a rare, robust example of a lens effect for a socially relevant behavior.
The researcher also controlled for the twins’ adult income and education levels. The environmental interaction held up even when accounting for later-life resources. This suggests the genetic influence operates specifically on the early-life formation of class identity, not simply on a voter’s current bank account balance.
As a placebo test to verify his theory, Ahlskog applied the same analytical models to social ideology. Social ideology involves cultural and moral issues, such as immigration, criminal justice policy, and animal rights. Unlike economic ideology, there is no direct personal financial benefit to optimizing social preferences based on household class.
In this test, he found that a higher genetic index was naturally associated with lower social conservatism across the board. The effects operated in parallel for both the rich and the poor. There was no interaction based on socioeconomic background.
The study features a few limitations and caveats. The genetic predictor is a noisy measurement that only captures a fraction of the actual heritable traits for cognitive performance. Comparing genetic differences within local twin pairs amplifies this measurement noise even further. As a result, the reported effects are likely much smaller than the actual biological impact.
The geographical and historical realities of the respondent group also matter. The individuals in this sample grew up in Sweden during the middle of the twentieth century, a period defined by the rapid expansion of the modern welfare state. Class-based politics and labor movements were highly salient in their daily lives.
The findings might look completely different in populations where economic ideology is not the primary dividing line in public debate. In political environments where left-wing economic positions are championed by socially conservative populists, the class dynamics could manifest in alternate ways. Finding out which specific political relationships are affected by changing social cultures will require further study.
Ultimately, the findings demonstrate that genetic influences on political behavior are highly contingent on social environments. An effect that appears to be mathematically zero on average can obscure shifting dynamics beneath the surface. This heavy dependency on outside environmental factors functions as a strong argument against genetic determinism.
The study, “Class, genes, and rationality: A gene-environment interaction approach to ideology,” was authored by Rafael Ahlskog.
URL: https://www.psypost.org/how-childhood-class-alters-the-genetic-pathways-of-political-ideology/
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#psychology #counseling #socialwork #psychotherapy @psychotherapist @psychotherapists @psychology @socialpsych @socialwork @psychiatry #mentalhealth #psychiatry #healthcare #depression #psychotherapist #GeneticsAndPolitics #CognitivePerformance #GeneEnvironmentInteraction #ClassBackground #EconomicIdeology #LeftWingRightWing #TaxPolicy #WelfarePolicy #PoliticalPsychology #TwinStudy
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Billionaire Barry Sternlicht argues that steady migration from high-tax states is reshaping capital flows, with implications for real estate funding, taxation, and where investment concentrates.
The power and accountability angle is the part to watch.
#FollowTheMoney #CapitalFlows #TaxPolicy
https://go.noligarchy.us/barry-sternlicht-says-migration-from-high-tax-st-mastodon -
https://www.europesays.com/videos/21024/ Starmer set for ‘catastrophic week’ as Labour vote collapses | The Daily T #campaigntrail #ConservativeParty #elections #GreenParty #KeirStarmer #KemiBadenoch #LabourParty #localelections #news #NewsPublisher #Newspaper #NHSreform #politicalanalysis #PoliticalDebate #politics #polling #proPalestine #publicopinion #ReformUK #taxpolicy #Telegraph #TheTelegraph #trustinpolitics #UKNews #UKNews #UKPolitics #voterbehavior #WorldNews #ZackPolanski
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https://www.europesays.com/people/57271/ ‘Tax the Rich’ proposals continue to ramp up: Democratic states leading the way #BernieSanders #DemocraticStates #IncomeInequality #Relocation #StateBudgets #TaxPolicy #TaxTheRich #WealthTax #ZohranMamdani
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https://www.europesays.com/people/47217/ Google Man Peddles Snake Oil #BallotMeasures #california #CampaignFinance #Google #ONTAP #Politics #Poverty&Wealth #SergeyBrin #TaxPolicy #WealthTax
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The Truth About No Tax on Tips Why It’s a Drop in the Bucket for Workers
“No tax on tips” sounds helpful, but most workers gain little. Here’s why it’s a distraction from real economic reform.
#EconomicInequality #GOPPolicyCritique #laborRights #Medicare #minimumWage #noTaxOnTips #payrollTaxes #ProgressivePolitics #SocialSecurity #taxPolicy #taxReform #tippedWorkers #wageStagnation #wealthInequality #workingClass https://wp.me/p1OjMZ-oSC -
The Truth About No Tax on Tips Why It’s a Drop in the Bucket for Workers
“No tax on tips” sounds helpful, but most workers gain little. Here’s why it’s a distraction from real economic reform.
#EconomicInequality #GOPPolicyCritique #laborRights #Medicare #minimumWage #noTaxOnTips #payrollTaxes #ProgressivePolitics #SocialSecurity #taxPolicy #taxReform #tippedWorkers #wageStagnation #wealthInequality #workingClass https://wp.me/p1OjMZ-oSC -
The Truth About No Tax on Tips Why It’s a Drop in the Bucket for Workers
“No tax on tips” sounds helpful, but most workers gain little. Here’s why it’s a distraction from real economic reform.
#EconomicInequality #GOPPolicyCritique #laborRights #Medicare #minimumWage #noTaxOnTips #payrollTaxes #ProgressivePolitics #SocialSecurity #taxPolicy #taxReform #tippedWorkers #wageStagnation #wealthInequality #workingClass https://wp.me/p1OjMZ-oSC -
The Truth About No Tax on Tips Why It’s a Drop in the Bucket for Workers
“No tax on tips” sounds helpful, but most workers gain little. Here’s why it’s a distraction from real economic reform.
#EconomicInequality #GOPPolicyCritique #laborRights #Medicare #minimumWage #noTaxOnTips #payrollTaxes #ProgressivePolitics #SocialSecurity #taxPolicy #taxReform #tippedWorkers #wageStagnation #wealthInequality #workingClass https://wp.me/p1OjMZ-oSC -
Missouri tax shift plan dangerous transfer of burden to working families
Missouri tax shift plan would replace income tax with expanded sales taxes, shifting the burden onto working families and limiting future policy optionshttps://thedemocracyadvocate.com/news-to-know/u-s-politics/missouri-tax-shift-plan/
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America will come to regret its war on taxes
https://economist.com/leaders/2026/04/16/america-will-come-to-regret-its-war-on-taxes
#HackerNews #warontaxes #taxpolicy #economicimpact #regret #taxes
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America will come to regret its war on taxes
https://economist.com/leaders/2026/04/16/america-will-come-to-regret-its-war-on-taxes
#HackerNews #warontaxes #taxpolicy #economicimpact #regret #taxes
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America will come to regret its war on taxes
https://economist.com/leaders/2026/04/16/america-will-come-to-regret-its-war-on-taxes
#HackerNews #warontaxes #taxpolicy #economicimpact #regret #taxes
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America will come to regret its war on taxes
https://economist.com/leaders/2026/04/16/america-will-come-to-regret-its-war-on-taxes
#HackerNews #warontaxes #taxpolicy #economicimpact #regret #taxes
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America will come to regret its war on taxes
https://economist.com/leaders/2026/04/16/america-will-come-to-regret-its-war-on-taxes
#HackerNews #warontaxes #taxpolicy #economicimpact #regret #taxes
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https://www.europesays.com/people/23646/ Mamdani’s first 100 days milestone ends where governing begins: The budget, and fixing a $5.9 billion hole #AlbanyStateFunding #CitizensBudgetCommission #CityCouncil #FiscalPolicyInstitute #GovernmentEfficiency #JulieMenin #ManhattanInstitute #MunicipalBudget2025 #NewYorkCityBudget #NycFiscalCrisis #NycPolitics #NycSpendingCuts #PropertyTaxIncrease #TaxPolicy #ZohranMamdani
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Pakistan’s tax gap is largely due to flawed policies, exemptions and inefficiencies, not just evasion, with pressure mounting on compliant taxpayers, says analysis. https://english.mathrubhumi.com/news/world/pakistan-tax-gap-imf-policy-criticism-qydqbgzd?utm_source=dlvr.it&utm_medium=mastodon #Pakistan #TaxPolicy #Economy #IMF
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https://www.europesays.com/be/11075/ Orbán Is Very Much on the Right Track in Standing up to Brussels — An Interview with Tony Abbott #Australia #Brussels #China #conservatism #conservative #deterrence #DonaldTrump #Election2026 #Elections2026 #EU #FamilyPolicy #gender #GlobalOrder #HungarianElections2026 #HungarianFamilyPolicy #Hungary #IranWar #Israel #Migration #Poland #RegimeChange #RussoUkrainianWar #sovereignty #StraitOfHormuz #Taiwan #TaxPolicy #TonyAbbott #Ukraine #UkraineEuAccession #ViktorOrban
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https://www.europesays.com/ie/425562/ AI will break the economy. Their fix is no income tax for most Americans #AmericanTaxSystem #billionaire #Business #CapitalGains #CorporateTaxRate #Economy #Éire #FederalIncomeTaxes #FederalTaxReform #IE #Ireland #TaxBurden #TaxPolicy #VinodKhosla
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OpenAI backer Vinod Khosla proposes eliminating federal income tax for Americans earning under $100k, affecting 125 million people. Would fund through equalizing capital gains taxes. Meanwhile, Stanford research finds chatbots affirm poor decisions 49% more than humans do. Two data points on AI's societal impact. https://www.implicator.ai/zero-tax-for-125-million-zero-pushback-from-your-ai/ #AIpolicy #TaxPolicy #AIbias
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OpenAI backer Vinod Khosla proposes eliminating federal income tax for Americans earning under $100k, affecting 125 million people. Would fund through equalizing capital gains taxes. Meanwhile, Stanford research finds chatbots affirm poor decisions 49% more than humans do. Two data points on AI's societal impact. https://www.implicator.ai/zero-tax-for-125-million-zero-pushback-from-your-ai/ #AIpolicy #TaxPolicy #AIbias
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OpenAI backer Vinod Khosla proposes eliminating federal income tax for Americans earning under $100K by equalizing capital gains rates with ordinary income. The venture capitalist cites growing worker anxiety about AI displacement, which doubled to 40% since 2024. Plan targets tax system where less than 20% of $116T in accumulated capital gains since 1954 appeared on returns. #TaxPolicy #AIPolicy #LaborMarkets https://www.implicator.ai/openai-backer-khosla-pushes-to-end-income-tax-for-125-million-americans/
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OpenAI backer Vinod Khosla proposes eliminating federal income tax for Americans earning under $100K by equalizing capital gains rates with ordinary income. The venture capitalist cites growing worker anxiety about AI displacement, which doubled to 40% since 2024. Plan targets tax system where less than 20% of $116T in accumulated capital gains since 1954 appeared on returns. #TaxPolicy #AIPolicy #LaborMarkets https://www.implicator.ai/openai-backer-khosla-pushes-to-end-income-tax-for-125-million-americans/
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In 2025, Meta paid an effective federal tax rate of 3.5%
https://bsky.app/profile/rbreich.bsky.social/post/3mfptlfeucn2i
#HackerNews #Meta #Tax #Rate #2025 #EffectiveTaxRate #TaxPolicy #CorporateTax #SocialMedia
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State of the Union Bombshell: Tariffs as a Backdoor Income Tax Replacement
A State of the Union address admission reveals a plan to replace progressive income taxes with tariffs—a regressive shift that would raise prices and burden working families.
#billionaireTaxCuts #ConsumerPrices #EconomicInequality #IncomeTax #IndependentMedia #inflation #progressiveTaxation #regressiveTaxation #StateOfTheUnion #tariffs #taxPolicy #TradePolicy #wealthConcentration #workingClass https://wp.me/p1OjMZ-oJv -
State of the Union Bombshell: Tariffs as a Backdoor Income Tax Replacement
A State of the Union address admission reveals a plan to replace progressive income taxes with tariffs—a regressive shift that would raise prices and burden working families.
#billionaireTaxCuts #ConsumerPrices #EconomicInequality #IncomeTax #IndependentMedia #inflation #progressiveTaxation #regressiveTaxation #StateOfTheUnion #tariffs #taxPolicy #TradePolicy #wealthConcentration #workingClass https://wp.me/p1OjMZ-oJv -
Some States Do Not Use New Federal Tax Breaks
https://newsletter.tf/states-reject-federal-tax-breaks/
Many states are not using the new federal tax breaks. This causes confusion for people. Republicans also disagree on tax rules.
#TaxBreaks, #StateTaxes, #FederalTaxes, #RepublicanDispute, #TaxPolicy
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States Balk at Federal Tax Changes, Sparking Internal Republican Disputes
https://newsletter.tf/states-reject-federal-tax-breaks/
Many states are not using new federal tax breaks, causing different tax rules across the country.
#TaxBreaks, #StateTaxes, #FederalTaxes, #RepublicanDispute, #TaxPolicy
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Some States Do Not Use New Federal Tax Breaks
New tax breaks from the federal government are not being used by all states. This means people might get savings on their federal taxes but not on their state taxes. There are also disagreements among Republicans about tax rules.
https://newsletter.tf/states-reject-federal-tax-breaks/
#TaxBreaks, #StateTaxes, #FederalTaxes, #RepublicanDispute, #TaxPolicy
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https://winbuzzer.com/2026/02/03/india-grants-apple-5-year-tax-break-iphone-production-xcxwbn/
India Grants Apple 5-Year Tax Break for iPhone Production
#Apple #iPhone #India #Manufacturing #Foxconn #Samsung #BigTech #Tata #China #TaxPolicy #Smartphones
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President Lee Jae-myung called for open public debate on South Korea's proposed sugar levy, stressing the need for transparent discussion and rejecting attempts to frame the measure as a tax hike.
#YonhapInfomax
#SugarLevy #PresidentLee #PublicDebate #HealthInsurance #TaxPolicy
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=103196 -
President Lee Jae-myung called for open public debate on South Korea's proposed sugar levy, stressing the need for transparent discussion and rejecting attempts to frame the measure as a tax hike.
#YonhapInfomax
#SugarLevy #PresidentLee #PublicDebate #HealthInsurance #TaxPolicy
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=103196 -
President Lee Jae-myung called for open public debate on South Korea's proposed sugar levy, stressing the need for transparent discussion and rejecting attempts to frame the measure as a tax hike.
#YonhapInfomax
#SugarLevy #PresidentLee #PublicDebate #HealthInsurance #TaxPolicy
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=103196 -
President Lee Jae-myung called for open public debate on South Korea's proposed sugar levy, stressing the need for transparent discussion and rejecting attempts to frame the measure as a tax hike.
#YonhapInfomax
#SugarLevy #PresidentLee #PublicDebate #HealthInsurance #TaxPolicy
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=103196 -
A practical path to ending Pakistan’s IMF dependence
A practical path to ending Pakistan’s IMF dependence – Daily Times
…
#Economy #economicreforms #energysector #FiscalStability #IMF #IMFprogramme #InternationalMonetaryFund #Latest #Pakistaneconomy #taxpolicy
https://www.europesays.com/2736705/ -
🎩🧐 Oh, the riveting world of tax policy and entrepreneurial spirit, where people pretend they care about "risk-taking" while really just trying to cut their tax bill. All this while drowning in an alphabet soup of bulletins and digests no one asked for. 📉💼
https://www.nber.org/papers/w34512 #taxpolicy #entrepreneurship #riskmanagement #taxcuts #bureaucracy #HackerNews #ngated -
🚨 New proposal: a 90 % surcharge on any U.S. income above $761 k (the “Essential‑Living Threshold”). It hits only the top 1 % of earners, leaves the bottom 99 % untouched, and could raise ≈ $1.44 trillion / yr—enough to wipe out the $33 trillion federal deficit in ≈ 30 years. The plan bundles tight reporting rules, anti‑avoidance safeguards, and a 20 % credit for investments in housing, clean energy, and job training. #FiscalReform #TaxPolicy #DeficitSolution
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🚨 New proposal: a 90 % surcharge on any U.S. income above $761 k (the “Essential‑Living Threshold”). It hits only the top 1 % of earners, leaves the bottom 99 % untouched, and could raise ≈ $1.44 trillion / yr—enough to wipe out the $33 trillion federal deficit in ≈ 30 years. The plan bundles tight reporting rules, anti‑avoidance safeguards, and a 20 % credit for investments in housing, clean energy, and job training. #FiscalReform #TaxPolicy #DeficitSolution
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🚨 New proposal: a 90 % surcharge on any U.S. income above $761 k (the “Essential‑Living Threshold”). It hits only the top 1 % of earners, leaves the bottom 99 % untouched, and could raise ≈ $1.44 trillion / yr—enough to wipe out the $33 trillion federal deficit in ≈ 30 years. The plan bundles tight reporting rules, anti‑avoidance safeguards, and a 20 % credit for investments in housing, clean energy, and job training. #FiscalReform #TaxPolicy #DeficitSolution
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🚨 New proposal: a 90 % surcharge on any U.S. income above $761 k (the “Essential‑Living Threshold”). It hits only the top 1 % of earners, leaves the bottom 99 % untouched, and could raise ≈ $1.44 trillion / yr—enough to wipe out the $33 trillion federal deficit in ≈ 30 years. The plan bundles tight reporting rules, anti‑avoidance safeguards, and a 20 % credit for investments in housing, clean energy, and job training. #FiscalReform #TaxPolicy #DeficitSolution
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🚨 New proposal: a 90 % surcharge on any U.S. income above $761 k (the “Essential‑Living Threshold”). It hits only the top 1 % of earners, leaves the bottom 99 % untouched, and could raise ≈ $1.44 trillion / yr—enough to wipe out the $33 trillion federal deficit in ≈ 30 years. The plan bundles tight reporting rules, anti‑avoidance safeguards, and a 20 % credit for investments in housing, clean energy, and job training. #FiscalReform #TaxPolicy #DeficitSolution
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retroshare://chat_room?name=%23%D0%98%D0%9B%D0%98%D0%A2%D0%90&id=L13129B3B4419DA72
Вот перевод моего ответа на английский:
This is an **economics-themed meme**, which *claims* that Norway’s wealth-tax increase caused a net loss in government revenue.
**What exactly is shown?**
**The text:**
It states that:
Norway raised its wealth tax;
it expected to collect +$146M;
but allegedly lost $448M because $54B in wealth left the country;
resulting in a total reduction of $594M in tax revenue.
**The chart:**
It’s the *Laffer Curve* — a popular but debated economic concept suggesting that if tax rates are too high, government revenue eventually falls due to capital flight, tax avoidance, lower activity, etc.
**Important to understand:**
This is **not an official report** and **not a scientific chart**, but a social-media-style visualization making a claim.
Many such images are **politicized memes**: they use selective data or interpret it in a convenient way.
The Laffer Curve is a **theoretical model**, not a universal law.
If you want, I can:
— fact-check the specific numbers;
— explain the context of Norway’s wealth tax;
— show where the argument in this picture is manipulative.#Norway #WealthTax #LafferCurve #Economics #TaxPolicy #CapitalFlight #BudgetLoss #FactCheck #EconomicModels #FiscalPolitics
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#Major-elect #ZoranMamdani on financing the #WealfareState of #NYC:
https://youtube.com/shorts/MstDsOWTi58
Lessons for socialists and social-democrats around the globe?
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Rachel Reeves looking to cap salary sacrifice contributions to £2,000 in Autumn budget
Reports in The Times and Financial Times this weekend said the chancellor would targ…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Personalfinance #autumnbudget #autumnbudget2025 #Business #chancellor #HMRevenueandCustoms #HMRC #nationalinsurance #Pensiontaxation #PersonalFinance #RachelReeves #salarysacrifice #SocietyofPensionProfessionals #SPP #Taxpolicy
https://www.newsbeep.com/us/283903/ -
Rachel Reeves looking to cap salary sacrifice contributions to £2,000 in Autumn budget
Reports in The Times and Financial Times this weekend said the chancellor would targ…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Personalfinance #autumnbudget #autumnbudget2025 #Business #chancellor #HMRevenueandCustoms #HMRC #nationalinsurance #Pensiontaxation #PersonalFinance #RachelReeves #salarysacrifice #SocietyofPensionProfessionals #SPP #Taxpolicy
https://www.newsbeep.com/us/283903/ -
South Korea's ruling party and government to pursue a rational adjustment of the top tax rate on separated dividend income, signaling potential changes to investment taxation policy.
#YonhapInfomax #DividendIncome #TaxRate #SouthKorea #RulingParty #TaxPolicy #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=89941