An Open Market on Economics

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Mongrel
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Re: An Open Market on Economics

Postby Mongrel » Fri Sep 22, 2017 11:33 am

Yeah, it's a story about how Equifax is so incompetent they couldn't even direct people to the right URL.
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Thad
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Re: An Open Market on Economics

Postby Thad » Fri Sep 22, 2017 11:54 am

Because the domain they registered was terrible.

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Mongrel
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Re: An Open Market on Economics

Postby Mongrel » Fri Oct 06, 2017 8:16 pm

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Mongrel
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Re: An Open Market on Economics

Postby Mongrel » Wed Nov 01, 2017 12:06 pm

CEPR.net: Republicans plan to reduce or eliminate taxes on the corporate income of US companies abroad

"the reports to date have said the Republicans want to shift to a territorial tax under which companies don't pay U.S. tax on their foreign profits. If this is true, their proposal will increase the incentive to shift operations overseas, or at least to have their profits appear to come from overseas operations."

"We should also be asking about the burden the government creates by granting patent and copyright monopolies. This presently comes to close to $370 billion annually (more than twice the debt service burden) in the case of prescription drugs alone. This is the gap between what we pay for drugs, currently around $450 billion a year, and the price that would exist in a free market without patents and related protections, which would likely be less than $80 billion. The full cost of these protections in all areas is almost certainly at least twice the cost incurred in prescription drugs."
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Mongrel
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Re: An Open Market on Economics

Postby Mongrel » Tue Nov 28, 2017 12:44 pm

Latest numbers on the tax bill:

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Of particular note is that for people with income under $10,000, the tax increase reaches a point by 2027 where it's actually greater than their gross income.
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atog
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Re: An Open Market on Economics

Postby atog » Tue Nov 28, 2017 1:32 pm

OF course, who pays estate and gift taxes? Not people making less than 10k a year.
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Mongrel
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Re: An Open Market on Economics

Postby Mongrel » Tue Nov 28, 2017 4:24 pm

I actually misread the chart... it's not 10,070 per person, it's an increase of $10,070,000,000 across that tax bracket.

Which is still a total disaster.
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Grath
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Re: An Open Market on Economics

Postby Grath » Tue Nov 28, 2017 4:38 pm

atog wrote:OF course, who pays estate and gift taxes? Not people making less than 10k a year.

Estate and gift tax exclusions are already sky-high. It's something like $14,000 for direct family and otherwise $100,000 to need to report gifts, and even then you don't actually pay taxes until you get to $5 million in (reported) gifts.

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Mongrel
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Re: An Open Market on Economics

Postby Mongrel » Thu Nov 30, 2017 2:57 pm



SNAFU
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Mongrel
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Re: An Open Market on Economics

Postby Mongrel » Mon Dec 04, 2017 9:51 pm



Trump administration looking to destroy the lives of food service workers, because hey why not. Hope none of you are waitstaff or kitchen staff anymore (I know R^2 escaped to a job which comes with a chair, and I know Friday used to, but that hasn't been mentioned in years).
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Caithness
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Re: An Open Market on Economics

Postby Caithness » Mon Dec 04, 2017 10:17 pm

I still deliver pizzas.

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TA
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Re: An Open Market on Economics

Postby TA » Tue Dec 05, 2017 5:29 pm

Sounds like a good incentive to immediately pocket tips and lie to your boss about them. And maybe set fire to your boss's house after your shift.
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nosimpleway
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Re: An Open Market on Economics

Postby nosimpleway » Tue Dec 05, 2017 5:32 pm

Leave cash tips when you can. No paper trail like adding the sum to your debit card receipt.

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Friday
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Re: An Open Market on Economics

Postby Friday » Tue Dec 05, 2017 6:05 pm

Always always always cash tips. Satan gets a hard-on every time you leave an electronic tip.
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Joxam
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Re: An Open Market on Economics

Postby Joxam » Tue Dec 05, 2017 6:46 pm

I mean I don't know what world you live in where cash is even an option. Every company I've worked for locally (including my tribe) makes you take direct deposit or makes you sign up for a check card which they charge you out the ass for. Like, yeah, the intention is great, but that's just not how large swaths of "There are literally only a dozen places to work for in my area" America works.
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nosimpleway
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Re: An Open Market on Economics

Postby nosimpleway » Tue Dec 05, 2017 6:49 pm

Somebody leaves a fiver on the table and you have to take it direct deposit instead of just stuffing it into your pocket?

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Joxam
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Re: An Open Market on Economics

Postby Joxam » Tue Dec 05, 2017 6:51 pm

No. I meant that getting a 20 out of the bank to leave a good tip costs most people who don't pay with a debit card 3 dollars in ATM fees. Not to mention the fact that, like, for example, where I live my 'local' bank is literally a 54 mile round trip if I didn't want to use an ATM to get money.

Living in the country in the Midwest is crazy man.
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Friday
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Re: An Open Market on Economics

Postby Friday » Tue Dec 05, 2017 7:05 pm

I mean I don't know what world you live in where cash is even an option.


Not to mention the fact that, like, for example, where I live my 'local' bank is literally a 54 mile round trip if I didn't want to use an ATM to get money.


Living in the country in the Midwest is crazy man.
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Grath
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Re: An Open Market on Economics

Postby Grath » Tue Dec 05, 2017 8:50 pm

Joxam wrote:I mean I don't know what world you live in where cash is even an option. Every company I've worked for locally (including my tribe) makes you take direct deposit or makes you sign up for a check card which they charge you out the ass for. Like, yeah, the intention is great, but that's just not how large swaths of "There are literally only a dozen places to work for in my area" America works.

One of the biggest culture shock moments for me moving from the middle of nowhere upstate to NYC is finding cash-only restaurants, but then there's also usually an ATM (of varying degrees of sketchiness) within a couple blocks.

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Mongrel
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Re: An Open Market on Economics

Postby Mongrel » Tue Dec 05, 2017 8:54 pm

It's actually sort of hilarious to me that it's the buttfuck nowhere places who all have the magical digital future devices, whereas the huge happening modern cities still have many places relying on ancient physical tokens.
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