Kansas Crimson

I came across this graphic but can't read the whole article...

Geebus ousie, I thought you were talking air strikes.

swing and a miss, strike one.

Here’s an interesting thought:

“You say you make $15 an hour, but you don’t make $15 an hour. You’re actually making hundreds or thousands of dollars worth of capital an hour, and selling your own efforts for $15 an hour. You’re not making anything for yourself, you’re selling an hour of your life for $15 dollars. Don’t let anyone convince you otherwise. Your labor value is getting stolen”

and even then, you’re really only selling yourself for ~$12/hr after taxes

... which is still a considerably higher tax rate than most 1 percenters.

ousdahl wrote: ↑Fri Oct 16, 2020 5:07 pm ... which is still a considerably higher tax rate than most 1 percenters.

Not really. Even for the 1%ers making most of their income on long term capital gains pay at a 20% rate, versus the 12% marginal rate you're paying at 15 an hour.

Mjl wrote: ↑Fri Oct 16, 2020 5:28 pm

ousdahl wrote: ↑Fri Oct 16, 2020 5:07 pm ... which is still a considerably higher tax rate than most 1 percenters.

Not really. Even for the 1%ers making most of their income on long term capital gains pay at a 20% rate, versus the 12% marginal rate you're paying at 15 an hour.

Na--that is where they start their deductions. Meanwhile that 12% goes up appreciably with payroll, sales and property taxes.

should I have clarified, effective tax rate?

And let’s also consider how much more of a burden taxes are on the working class versus the 1 percent...

Plus income tax taxes money you've earned. Capital gains taxes are taxing the money that your money earned. And you can't defer your income tax for years by holding on to your assets.

“The only dangerous minority is the rich”

so apparently there’s like over 250 MILLION workers striking in India right now

yet hardly a peep about it in western media...

ousdahl wrote: ↑Thu Feb 04, 2021 7:37 am

We are an awful species

I think our values are just maligned.

I honestly worry that I’m getting a little “radicalized.” But then I also think, I’m not sure it’s me who is the radical one.

The real “radical” is the normalization of billionaires and homelessness in the same society.

It doesn’t have to be this way.

Oh yea, bears share all their meals. Bull elk share their harems. Totally.

TDub wrote: ↑Thu Feb 04, 2021 11:15 am Oh yea, bears share all their meals. Bull elk share their harems. Totally.

the differences being 1) we question why and if it’s “right”, and 2) we know that there’s a better way

TraditionKU wrote: ↑Thu Feb 04, 2021 11:17 am

TDub wrote: ↑Thu Feb 04, 2021 11:15 am Oh yea, bears share all their meals. Bull elk share their harems. Totally.

the differences being 1) we question why and if it’s “right”, and 2) we know that there’s a better way

You're talking to a person with mental deficiencies

Cascadia wrote: ↑Thu Feb 04, 2021 11:18 am

TraditionKU wrote: ↑Thu Feb 04, 2021 11:17 am

TDub wrote: ↑Thu Feb 04, 2021 11:15 am Oh yea, bears share all their meals. Bull elk share their harems. Totally.

the differences being 1) we question why and if it’s “right”, and 2) we know that there’s a better way

You're talking to a person with mental deficiencies

not helpful

It's still true.