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Joined 1 year ago
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Cake day: June 30th, 2023

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  • IMO the most valid argument is that there are way more people making a middling income than people making a high income, so any reduction in taxes for those people would need a proportionally much larger increase in the upper brackets to maintain the same level of tax revenue, if it’s possible to make the numbers work at all depending on how much of a tax break you want to give. The minimum amount to be taxed is set based on where the tail end of the bell curve is, the number of people who are poor enough not to be taxed is small.

    Of course there’s also the fact that the richest people don’t get their money from having a job at all, it’s all in investments, so messing with income tax rates doesn’t even affect them.



  • The biggest reason that is often overlooked is wealth inequality. The rich keep accumulating wealth, and real estate is a scarce form of wealth that holds value, produces a return, and can be accumulated. It probably accelerated recently because of the large amount of money that was dumped into the system around covid; that was yet another opportunity for the wealthy to grab a bigger share of the pie.

    If things keep going this way, we’re going to get into a situation where regular people don’t own houses anymore, and rent is a much larger percentage of your income.





  • do they need to? I don’t think so.

    Why not? How can you be sure that all these laws are going to be about all the same things and not have many tricky edge cases? What would keep them from being like that? Again, these laws give unique rights to residents of their respective states to make particular demands of websites, and they aren’t copy pastes of each other. There’s no documented ‘best practices’ that is guaranteed to encompass all of them.

    they don’t want this solution, however, but in my understanding instead to force every state to have weaker privacy laws

    I can’t speak to what they really want privately, but in the industry letter linked in the article, it seems that the explicit request is something like a US equivalent of the GDPR:

    A national privacy law that is clear and fair to business and empowering to consumers will foster the digital ecosystem necessary for America to compete.

    To me that seems like a pretty sensible thing to be asking for; a centrally codified set of practices to avoid confusion and complexity.