Myki and Poverty
As I exit the train station, there are rows of uniformed officers who look like riot police, but without the helmets and shields. They are not checking if people have a ticket, the turnstiles take… Read More »Myki and Poverty
The Rich Cheat
A Court Just For Billionaires and Big Corp vs The Little Guy
It could be called the David and Goliath court. But maybe just the Court of Expedience. We all know that big corporations can unfairly fight off legal challenges from smaller entities by via the well-known… Read More »A Court Just For Billionaires and Big Corp vs The Little Guy
Inequality is Inevitable? Yard-Sale Theory
There is a mathematical model and theory called the yard-sale theory that proposes that any system like capitalism that gives an early-mover advantage, ends up with gross inequality eventually. Scientific American discusses it, and starts… Read More »Inequality is Inevitable? Yard-Sale Theory
Billionaire Tax Avoidance
Excellent headline from ProPublica: Ten Ways Billionaires Avoid Taxes on an Epic Scale It is a summary of 10 articles they published a year ago. Here is my summary of the summary! They avoid income… Read More »Billionaire Tax Avoidance
CEO Stock Options
In the US, capital gains (which is primarily how very rich people have an income), is taxed at roughly half the rate of a wage or salary, and it was Reagan who made that happen.… Read More »CEO Stock Options
Page 203 of Trump’s CARES Act
Buried away in the 880-page bill is something not related to the pandemic – tax relief for the rich: “hedge fund managers, Wall Street lawyers, real estate tycoons like President Trump and big corporations grab… Read More »Page 203 of Trump’s CARES Act
Surprise Medical Billing
This is from the book Davos Man: TeamHealth and Envision Healthcare employed one third of all staff in American emergency rooms. They are both owned by massive private equity firms. “…those rolled into emergency rooms… Read More »Surprise Medical Billing