It makes a difference to see human struggle. People assume other people are like them. Rich people assume the average person is rich, poor people assume the average person is poor. This is why dollar for dollar less wealthy people donate more to charity than wealthier people
A new study found the rich are more likely to donate to charitable causes when living in areas with high levels of economic inequality. trib.al/pba6I8P
Until crypto is worth more than just what the next guy will pay you for it, it’s not a good investment. Speculation vehicles will never be the sure road to wealth
I think this is what we can describe as delusion. Cryptocurrency owners expect returns at a four times higher rate than non-cryptocurrency owners
Corporations pay taxes on their total bet profits. That means after their investments, salaries, interest, investments (capex) and depreciation. So really everything a company pays for. What confuses me is why people desperately clamor for companies to pay less taxes
Taxes are what allow companies to operate as they do and pay for all those expenses and salaries. Taxes are a net benefit to all of us and allow for us to enjoy the privileges we all live under
Employers imagine technology replacing labor to maintain or slightly reduce productivity at a more cost effective price. Historically most tech is an inferior alternative to human labor when humans are fully removed even if that shift comes with cost savings
I was once fired from my serving job because I refused to work with a 101 fever
Food workers who showed up while sick or contagious were linked to about 40 percent of restaurant food poisoning outbreaks with a known cause between 2017 and 2019, federal health officials said Tuesday. to.pbs.org/42cTYzi
Skeptics suggesting the US's status as an economic powerhouse is at risk may not fully grasp global economic intricacies. China, although in second (maybe third?) place, still has internal economic hurdles to clear. Understand the dynamics before jumping to conclusions
Paychecks are late. Fines are piling up. China’s $23 trillion local debt problem is just getting started trib.al/sBZJhVG
The GOP's staunch stance against student debt cancellation is odd. Restarting student debt payments could bring our economy to a standstill, a move that seems beneficial to no one
I don’t expect this to change much come primary season
Recent polling conducted for The Economist by YouGov finds that, in a head-to-head contest, Republican primary voters prefer Donald Trump to Ron DeSantis by 58% to 25% econ.st/43rdQzp
This is common sense policy that most Western governments seem to lack
France has banned short-haul flights where people are able to get a train instead, in a bid to reduce carbon emissions trib.al/lJLrvAu
A balanced budget may seem fiscally responsible, but it's not without implications for the USD's global reserve status. Treasury securities, which increase with budget deficits, are a trusted global investment
Halting their issuance due to consistently balanced budgets could affect the availability of 'safe' assets and may inadvertently shake the USD's position as the primary global reserve currency. Let's consider all facets of fiscal policy
There is way too much talk about the absolute number of US debt without any context. Let me put this out into the world:
Mathematically, the US can always pay its debts