#YonhapInfomax #ReconstructionExcessProfitRecovery #PeoplePowerParty #KimSangHoon #TaxEquity #MarketRealities #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=61495
South Korean government initiates legislative process to transition from estate tax to inheritance acquisition tax system, aiming to improve tax equity while facing concerns over potential wealth inequality.
President Biden, please stop this Trump wanna-be. #taxtherich #TaxEquity
Elon Musk Has a Giant Charity. Its Money Stays Close to Home. https://www.nytimes.com/2024/03/10/us/elon-musk-charity.html?smid=nytcore-android-share
If you want to fix both the double-taxation problem and inequity in the tax code then tax the rich more because for too many of them are paying a far low rate than the majority. Living off dividend income taxed at a paltry 20% or funneling all expenses through personal corporations, not to mention using off-shore tax shelters lets too many of them live almost tax free. Just like Trump.
If you're worried about the rich institute a wealth tax!
An entertaining and (relatively) accessible explanation of how tax equity financing for renewable energy works, why it might stop working in the near future (changes in bank capital requirements related to tax-equity deals) and, indirectly, why it would probably be better if this was all just done a simple low-interest loan facility instead.
From @matt_levine (unfortunately paywalled, but his newsletter is free and amazing)
https://www.bloomberg.com/opinion/articles/2024-01-29/financial-engineering-for-green-energy