Just a huge act of punching ourselves over and over again in the balls.
You would think biotech CEOs might be more outspoken, given the damage being done to their industry, but it seems that people are either keeping quiet because the nail gets the hammer, or their incentives are all fucked up because it's only about quarterly profits.
Moving is difficult because a company isn't just some paper entity. It's made up of knowledgeable people and had capital assets, neither of which are easily moved.I've often thought of Tech CEO's as well as a lot of their market is overseas.. I mean no way AMD/ INTEL/ NVidia make majority of their money from the US.. wouldn't it just make more sense to move to say Belgium/ Luxembourg/ Dubai or something?
Also, Dubai can go fuck right off with their slave labor bullshit.
And if you adjust those for inflation....View attachment 124752
In 1956, the United States had a budget surplus of $4 billion ($345 billion in 2025). A surplus!!
Duh government wasn’t pushing a woke and socialist agenda!!!!In 1956, the United States had a budget surplus of $4 billion ($345 billion in 2025). A surplus!!
I think it is 35% but the problem is today there are so many loopholes and deductions the 'effective' tax rate on the wealthy is much much lower.And if you adjust those for inflation....
$2000 in 1956 is about $23k today.
$20,000 in 1956 is about $236k today.
What's the top marginal federal tax rate today?
37% on earnings above $609,000
Which is the rate of the $10,000 bracket (or about 118k equivalent) in 1956.
Tax. The. Rich.
Also the focus on income tax rates sort of misses the point too as the truly rich often don't make their money through wages but instead through stock and such.I think it is 35% but the problem is today there are so many loopholes and deductions the 'effective' tax rate on the wealthy is much much lower.
I think it is 35% but the problem is today there are so many loopholes and deductions the 'effective' tax rate on the wealthy is much much lower.
And @Amused means this version of monopolyThe point of the pre-Reagan top tax rates was not confiscation, but to encourage spending rather than hoarding wealth.. Virtually every non-investment expenditure was deductible. Including employee wages.
This meant almost no one paid those rates in taxes.
It's no coincidence that employee wages stopped rising with productivity right after the Reagan tax cuts and elimination of deductions.
Capitalism without this becomes a game of monopoly. And we are at end stage monopoly capitalism.
Apparently MAGA want to stop all construction in Floriduh. Good job guys!
Not just biotech, but business execs generally support GOP trickle-down; since they are the ones giving the golden showers. They may even privately hate a lot of Trump's nonsense, but they shamelessly love his tax policy.You would think biotech CEOs might be more outspoken, given the damage being done to their industry, but it seems that people are either keeping quiet because the nail gets the hammer, or their incentives are all fucked up because it's only about quarterly profits.
I’m sure they love his tax policy but presumably their compensation is related in some way to the company’s performance and that seems like a problem here in both the short and at least medium term.Not just biotech, but business execs generally support GOP trickle-down; since they are the ones giving the golden showers. They may even privately hate a lot of Trump's nonsense, but they shamelessly love his tax policy.
Oh come on be serious - they get them from Trump.... everyone knows that.Apparently, the head of FEMA didn't know that the US had a hurricane season.
I mean where to they get these brain dead mother fu****s.🤡💩🙄
FEMA Head Reportedly Told Staffers He Was Unaware Of US Hurricane Season
FEMA Head Reportedly Didn’t Know US Has A Hurricane Season
The disaster management agency told outlets that acting head David Richardson’s comments were made as a joke, but some staffers believe he meant it literallywww.forbes.com
ShockingApparently, the head of FEMA didn't know that the US had a hurricane season.
I mean where to they get these brain dead mother fu****s.🤡💩🙄
FEMA Head Reportedly Told Staffers He Was Unaware Of US Hurricane Season
FEMA Head Reportedly Didn’t Know US Has A Hurricane Season
The disaster management agency told outlets that acting head David Richardson’s comments were made as a joke, but some staffers believe he meant it literallywww.forbes.com
Shss! You might give away the secret to low cost housing.
Apparently MAGA want to stop all construction in Floriduh. Good job guys!