Spreading the truth. Empowering the people.
After months of planning, Stockton is sending debit cards loaded with $500 to a select group of residents starting Friday as part of a closely watched experiment in universal basic income, … Read more
By Robert Ross The Wall Street Journal called it “the largest corporate cash disbursement in history.” It was 2004, and Microsoft was one of the biggest companies on the planet. Besides, … Read more
www.ssa.gov/news/press/factsheets/basicfact-alt.pdf. Edit: 65 and up. My professor just introduced this to us. Insane. h/t HeyMyNamesMatt
Gov. Andrew Cuomo announced Monday that state income tax revenues plummeted by $2.3 billion since he introduced his new budget plan last month— a bombshell that will force him to curb … Read more
by chartr Made this in response to the (mostly positive) feedback on the supermarket margin chart. A few people requested doing one on a higher margin, slightly more interesting company. … Read more
by hammertime84 Marginal tax rates and potential confusion around them have been in the news a bit lately. I’d never actually seen the effective rate and marginal rate plotted together … Read more
ROFLMAO – These ladies are hilarious…and make very valid points! “If you remember what they looked like at the last SOTU, they all looked like prunes.” “Well now they all … Read more
by feistypenguin There are many benefits to homeownership, but home maintenance can send you into a debt spiral if you don’t have a pile of cash on-hand for emergencies (i.e. … Read more
Some of the biggest and most promising experiments were plagued by delays and shutdowns. From the MIT Technology Review: Silicon Valley loves the idea of universal basic income. Many in the … Read more
via CBS Sacramento: STOCKTON (CBS13) — A special letter mail carriers are delivering to hundreds of homes in Stockton will hopefully bring a little financial relief in the New Year. The … Read more
So you gotta pay $12,000 to meet your yearly premium + deductible before they start covering anything? Wow, that isn’t health insurance. That’s disaster insurance. Thanks Obama. h/t vladimirpoopen
California Now Wants To Tax Text Messages To Be Able To Provide Phones To What They Call Low Income Residents Meaning For Illegals ☝️To Provide Free Phones Keep Bleeding Californians … Read more
It’s second dividend cut announcement this year for the beleaguered company. GE’s stock is down by nearly 60 percent this year. General Electric made its painful dividend cut official on Friday, … Read more
via visualcapitalist: There are two commonly held beliefs around income and age: 1) Earning trajectory is largely determined by the time a person is 35-years-old 2) Income is positively correlated with … Read more
by arghvark I’ve heard stories about people who got a raise only to find out that they were bringing home less money because of “taxes” on the additional income, and … Read more
by WARREN MOSLER No drama here: More housing weakness news: Highlights This has not been a good run for housing data. Pending home sales fell a very steep 2.6 percent … Read more