Taxing invisible wealth | New Economics Foundation
https://misryoum.com/us/economy/taxing-invisible-wealth-new-economics-foundation/
UK household wealth has grown from three times national income in the 1980s to nearly eight times national income today. This has been driven primarily by asset price inflation — eg higher house prices and pension valuations — rather than productive growth. Instead of...
Taxing invisible wealth | New Economics Foundation
https://misryoum.com/us/economy/taxing-invisible-wealth-new-economics-foundation/
UK household wealth has grown from three times national income in the 1980s to nearly eight times national income today. This has been driven primarily by asset price inflation — eg higher house prices and pension valuations — rather than productive growth. Instead of...
#Taxing #invisible #wealth #New #Economics #Foundation #US_News_Hub #misryoum_com
Taxing Growth
https://www.equitileconversations.com/2459100/episodes/18312924-taxing-growth
#HackerNews #Taxing #Growth #economic #policy #innovation #finance #growth #taxation
In this episode George & Gerald chatted to macro economist Doug McWilliams about the perennial topic of economic growth.Growth doesn’t arrive by accident. They dig into a concrete plan to raise livingstandards in the UK by combining a simp...
@tuxom @largess Unfortunately, the top 1% are in charge of everything. Good luck with “progressive #taxation, banning or heavily #taxing carbon-intensive luxuries, and regulating corporations to reduce their #CarbonFootprint's.” We need to implement equality first.
One way or another we need to overthrough the oppressors first.
Carbon Inequality Kills: Why curbing the excessive emissions of an elite few can create a sustainable planet for all
The paper highlights how the excessive #emissions from the lifestyles and investments of the super-rich are accelerating #GlobalWarming, leading to severe #economic losses, crop failures, and increased mortality rates, particularly in low-income countries.
Key points include:
Carbon Inequality: The richest 1% of the global population are responsible for a disproportionate amount of #CarbonEmissions, depleting the global #CarbonBudget at an unsustainable rate. If everyone emitted carbon at the rate of the top 1%, the remaining carbon budget would be exhausted in fewer than five months.
Luxury Emissions: The document provides evidence of how private jets and #superyachts owned by billionaires contribute significantly to carbon emissions. For instance, the private #jets of 23 #billionaires emitted an average of 2,074 tonnes of carbon annually, equivalent to hundreds of years of emissions for the average person.
Investment Emissions: The investment activities of billionaires are even more damaging, with their #portfolios heavily weighted towards polluting industries. The investment emissions of billionaires are, on average, around 2.6 million tonnes of CO2 equivalents annually, vastly overshadowing their personal consumption emissions.
Economic and Human Costs: The emissions from the richest are causing trillions of dollars in economic damages, significant agricultural losses, and millions of excess deaths due to increased global temperatures. Low- and lower-middle-income countries bear the brunt of these impacts.
Recommendations: The paper calls for urgent action to reduce the emissions of the super-rich through progressive #taxation, banning or heavily #taxing carbon-intensive luxuries, and regulating corporations to reduce their #CarbonFootprint's. It also advocates for making rich polluters pay for climate damages and reimagining economies to prioritize human and planetary #wellbeing over #wealth accumulation.
Overall, the document emphasizes the need for systemic changes to address the dual crises of climate change and inequality, urging governments to implement policies that curb excessive emissions and promote a more equitable and sustainable world.
Sweet Tea (甘茶)
Part 3: Thief (泥棒) Part 1
#Wss366 #Mastoprompt 7/22
#FanFiction #TheApothecaryDiaries
Mao had the name of the thief now. In a way, it didn’t surprise her. He wasn’t above short-changing clients and bought obviously stolen materials. All petty stuff, and stealing the Gān Cǎo fit the pattern.
She swore he was hiding from her. His spot in the market alley sat empty. It was clean, as far as alleys went. She wouldn’t eat there, but she wouldn’t catch anything walking in. Just as important, the worst you’d find here was a second-rate pickpocket. The vendors likely chose this location for its low rent, and because it wouldn’t scare off decent townsfolk with a little coin to spare.
On one side, a vendor with a thin #stock of secondhand clothes spat and shrugged when she asked about his neighbor’s whereabouts. The fortune teller on the other side was more forthcoming, if not more useful.
“I know not,” she said, “but for twenty wen I can send a spirit to seek him out.”
For a moment, Mao considered saying that “Five wen was already too much.” But five seconds spent on the woman were already more than her services were worth.
Rather than waste more time, she headed back to the apothecary. She had an inventory to finish and other work to do. There was a better way to find the thief than the #taxing . It might take some time, but it was surer than any spirit desperate enough to visit that alley.
On her way to the apothecary, she stopped to talk with Ukyou. He was at his usual place. Most of the women were still sleeping, so he could sit and soak up the sun, sip tea, and think his private thoughts. Madam sometimes complained he was wasting time, but he did his job well, defusing most irate customers and throwing the rest into the street without a fuss. He never forgot the face of a problematic client. He greeted everyone with a smile and made even the once-a-year splurger feel seen and welcome. Whatever Grandma paid him wasn’t enough, so all she did was grumble about him enjoying the late morning sun.
Mao smiled at Ukyou. Like all the other women at Verdigris House, she liked him. “Ukyou, when you see Chou-u, tell him I need to find someone. It’s a twenty wen job.” Her “adopted” son would be happy to earn a little extra money. He pinched wen as hard as Grandma did.
“I will, and thanks for helping Amacha,” he replied. “She’s a little better today. She even had time to complain about your interfering ways. I think she likes you.”
“She ought to,” Mao said aloud, but privately doubted it. People never like the person who gives them bitter medicine.
“The day is going well, even though I haven’t found my target,” she thought. “Maybe I’ll splurge on a pork bun for dinner.”
(Continued in Part 2)
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