11–20 of 74 posts
3 'more or less' typical millenials? 3 CEOs and one poor guy? Really?
The WSJ had a similarly out of touch cross-section a while back http://www.wsj.com/news/interactive/WEALTH0105
I remember laughing my head off at this crew working at a bank in the middle of the financial crisis, waiting for the world to end.
http://www.felixsalmon.com/2008/10/unsympathetic-demographic...
The comments about taxes are really interesting. There is a perception in the U.S. that the wealthy don't pay enough taxes, but in reality the top 10% carries a much a larger share of the tax burden (relative to their share of income) than in countries like the U.K., France, Germany, and Sweden: https://www.washingtonpost.com/news/wonk/wp/2013/04/05/ameri... . So the question is: where does this perception come from?…
The comments about taxes are really interesting. There is a perception in the U.S. that the wealthy don't pay enough taxes, but in reality the top 10% carries a much a larger share of the tax burden (relative to their share of income) than in countries like the U.K., France, Germany, and Sweden: https://www.washingtonpost.com/news/wonk/wp/2013/04/05/ameri... . So the question is: where does this perception come from?…
This comes up a lot in a discussion about taxes, and there's a big logical problem with it. We have a much higher wealth gap than those countries. So tax burden as a percentage isn't a useful metric. If we had a healthier lower and middle class, they would be paying more in taxes, which would ease the burden on the wealthiest considerably. But our middle class is shrinking, and the rich are becoming extraordinarily r…
Which is why I compared tax burden as a percentage of total taxes to income as a percentage of total income. In Sweden, the top 10% make roughly a quarter of the income and pay roughly a quarter of the taxes. In the U.S., they make about a third of the income, but pay almost half the taxes.
Earlier quoted context omitted.
Wow, this just takes it to a whole new level
Why does the single parent with $260k a year income look so sad? In fact, why does everyone in this look like they're in a Ken Loach film about a miner's strike?
Not sure seriously. I'm with you, these people all look so sad. I'm not sure if it's a work life balance thing or if I'm just crazy thinking that, if I could insanely increase my income, I'd be happier...
The comments about taxes are really interesting. There is a perception in the U.S. that the wealthy don't pay enough taxes, but in reality the top 10% carries a much a larger share of the tax burden (relative to their share of income) than in countries like the U.K., France, Germany, and Sweden: https://www.washingtonpost.com/news/wonk/wp/2013/04/05/ameri... . So the question is: where does this perception come from?…
The comments about taxes are really interesting. There is a perception in the U.S. that the wealthy don't pay enough taxes, but in reality the top 10% carries a much a larger share of the tax burden (relative to their share of income) than in countries like the U.K., France, Germany, and Sweden: https://www.washingtonpost.com/news/wonk/wp/2013/04/05/ameri... . So the question is: where does this perception come from?…
> We have more opportunity, but the price of living is unbearable. The cost of basic groceries & clothing is down dramatically over the last 50 years. The price of housing could be too, but we've decided that it's more important to keep prices rising and supplies limited.
Earlier quoted context omitted.
This comes up a lot in a discussion about taxes, and there's a big logical problem with it. We have a much higher wealth gap than those countries. So tax burden as a percentage isn't a useful metric. If we had a healthier lower and middle class, they would be paying more in taxes, which would ease the burden on the wealthiest considerably. But our middle class is shrinking, and the rich are becoming extraordinarily r…
> We have a much higher wealth gap than those countries. So tax burden as a percentage isn't a useful metric. Which is why I compared tax burden as a percentage of total taxes to income as a percentage of total income. In Sweden, the top 10% make roughly a quarter of the income and pay roughly a quarter of the taxes. In the U.S., they make about a third of the income, but pay almost half the taxes.
The comments about taxes are really interesting. There is a perception in the U.S. that the wealthy don't pay enough taxes, but in reality the top 10% carries a much a larger share of the tax burden (relative to their share of income) than in countries like the U.K., France, Germany, and Sweden: https://www.washingtonpost.com/news/wonk/wp/2013/04/05/ameri... . So the question is: where does this perception come from?…