by Frank Holmes, CEO, U.S. Global Investors Hungary has a problem. Like many Eastern European and former Soviet countries, its population is shrinking thanks to a plunging birthrate and outmigration as young workers seek better opportunities and fatter salaries elsewhere …
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, the first led by a U.S. city. Stockton, once dubbed …
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, they had a great year. So great that the company …
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 spending. Cuomo attributed the revenue drop in December and January …
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. Apple reported results yesterday evening so I thought this might …
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 this way and it worked out well. I used the …
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. $5-10k at least). Otherwise you may need to borrow against …
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 tech elites tout it as the answer to job losses …
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
https://twitter.com/Bamafanaticfan1/status/1072852450242109440?s=19 They keep voting for these people! A retroactive tax? That’s crazy! They might as well just take citizens paychecks and give them an allowance LINK
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, with the company’s board of directors authorizing the payout to …
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 age How do these beliefs stand up to the actual …
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 I’ve always been suspicious. It just didn’t sound right. So …
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 in October which is far below Econoday’s consensus range. Existing …
via @OccupyWisdom: Depends on the measuring stick. Real money (#gold) = sideways for 44 years Nominal dollars = all time high MACRO MINDSET
by Dlumb77 2 Observations: Increasing population. Unchanged Land availability. Competition through supply/demand dynamics will surely drive up prices in places that populations is increasing. Low Interest rates. We’re at the end of a 35 year decline in interest rates. With today’s …
by ghostofgbt I took 10 years of quarterly income statement data from the major FAANG companies and used EchartsJS to visualize it in 3D. I had a lot of fun learning this charting tool and it’s pretty interesting to see …
via visualcapitalist: View a high resolution version of this graphic. Inequality in America has become a major talking point in recent years. For many people though, the concept of inequality – the idea that wealth is spread very thinly at the lower end …
by WARREN MOSLER Income less than expected, spending ok, so savings fell: Highlights Income growth proved very slight in September with inflation steady and moderate and right on the Federal Reserve’s target. Personal income inched only 0.2 percent higher in …
Feds Collect Record Individual Income Taxes in FY 2018; Still Run $779B Deficit (CNSNews.com) – The federal government collected a record $1,683,537,000 in individual income taxes in fiscal 2018 (October 2017 through September 2018), according to the Monthly Treasury Statement released …
This is an embarrassment! All that welfare and nothing to show for it . “But but we are the 5th largest economy “ “But but tech companies !” — Were California a Country It’d be the 17th Most Unequal Nation …
Do you think it’s reasonable to pay this much for a home? Right now in Canada, real estate is the LEAST affordable it has ever been. Wages have not kept up anywhere close to the rising expenses Canadians have encountered. …
Every month for the last year, the Bureau of Labor Statistics’ wage data releases have continued to demonstrate that workers simply aren’t getting ahead. Despite some nominal growth, real wage growth has been consistently hovering around zero (rising at just a 0.2 percent annual rate from 2016-2017). At the same time, this year’s annual data release from …
by Fabius Maximus Summary: While the news media fills the air with flotsam and jetsam, powerful forces reshape America. Chief among them is rising income inequality. Like so much happening to us, it results from rational policies skillfully executed by our …
by howmuch Wealth and income inequality are growing areas of concern. A report from Oxfam found that 82% of all wealth created throughout the world in 2017 went to the top 1%. 8 individuals literally own as much money as 3.8 billion people. It’s …
by Gary Christenson Miles Franklin sponsored this article by Gary Christenson. The opinions expressed are his. Several countries and cities studied and tested a universal basic income (UBI). At first glance it looks like giveaway nonsense: Who pays for the giveaways? Does the UBI …
by justfallingbehind Maybe this is stupid maybe it will get deleted but this is a small bit of advice and was a lot of learning for me. TL;DR it’s not about what you make it’s about how much you spend. …
by Jen_Bat Puerto Rico has its own Department of the Treasury, aka Hacienda. This is the agency that develops the tax returns (like the IRS does in the US), according to local and federal laws. Every person with employment income etc. derived …
via snakkerdudaniel: Source: https://factfinder.census.gov/bkmk/table/1.0/en/ACS/16_1YR/S1901/0100000US.04000 Tools: Microsoft Excel
Via Marketwatch Nearly half of Americans won’t owe a dime of federal income tax. Approximately 76.4 million or 44.4% of Americans won’t pay any federal income tax in 2018, up from 72.6 million people or 43.2% in 2016 before President …