Monday , June 24 2024
Home / Tag Archives: Taxes/regulation

Tag Archives: Taxes/regulation

CEOs Salary Up nearly 200 times what workers were paid last year – 2023

It appears upper management is running away with most of the compensation. Adding to this is the lowered taxes resulting from the 2017 Tax Cuts and Jobs Act which was passed using Reconciliation. The TCJA is due to reverse in 2025. I am sure President Biden will reverse it for the upper 20% at least. ~~~~~~~ NEW YORK (AP) — Compensation packages for S&P CEOs running companies jumped nearly 13% last year. This easily surpasses the gains for...

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Borrowers Using Payday Lenders Will Be Much Safer in 2025

I am sure borrowers having to use Payday Lenders are thrilled to wait till March 2025. Supreme Court ruling in May, the federal government is expected to get tougher on regulating payday lenders and other firms that offer high-interest, short-term loans. This type of lending — which often targets low-income borrowers — has long drawn fire from consumer groups on grounds that these small-dollar loans quickly balloon when they’re not repaid,...

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Auto Insurance Rates Jump 11.2%

There are many comments about the increasing costs of automobile insurance. In Michigan, once the no fault insurance was dropped and catastrophic injury insurance was cut, the care of long-term care was edecimated. Many people with serious lifetime injuries were left to fend on their own after reduced payments to caregivers. Past payments to medical was cut in half. The reserve funds were cut also when reimbursed back to customers. I guess what I...

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The business of pot

When I was in high school and college in the 1970s, marijuana was (a) illegal and (b) plentiful. I may or may not have inhaled, but people I knew were certainly growing, drying, selling and buying dope at the time. From a public health standpoint, marijuana is more benign than alcohol and tobacco.I’m happy to see the cannabis industry taxed. Cannabis, while organic, isn’t exactly health food and certainly isn’t the staff of life. But from an economic...

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Decisive Rejection of an Economic Orthodoxy Dominating American Policy for nearly Half a Century

Nice Evening Read. I am not a big believer in tariffs. However, as it is today and from the seventies, domestic companies have relocated to countries to escape avoid associated Labor and Domestic costs prevalent in the United States. Cost such as healthcare, OT, work conditions, Workman’s Comp, SS, etc. and there are issues such as child labor, etc. It is purposeful avoidance I am hoping the tariffs will apply to those companies as well as...

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Tax the rich!

I was a graduate student in a STEM program when Reagan was elected and the Laffer curve was used to justify tax cuts. The problem that immediately stood out to me at the time was that neither the ordinate nor the abscissa in the Laffer graph had scales, so it was impossible to assess where, exactly, the inflection point occurred. Based on the symmetrical drawing, we’re meant to infer that a 50% tax rate is the point after which government revenue...

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Postal Supervisors Struggle using the DeJoy DFA Postal System

Steve Hutkins again addressing the implementation of the DeJoy system in Georgia. Supervisory competency came up in a message to the PRC. There has always been a give and take between management and labor. In this instance, managements probably have the same labor experience as what present labor has. If that is not the issue, then what is? New system implemented by DeJoy and a lack of training of Supervisors and Labor. They are learning as...

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Massive chain of crumbling safety-net hospitals described as a “Ponzi scheme

I was going to finish this up two days ago. Except I got sick and was sweating for two nights in a row. And slept most of the first day and some of today. I had been fighting this for a about 5 days and then it came om stronger. Today, I feel I am back, but at half speed. I posted “Senator Warrens Clawback on money looted by Cereberus” here. She called it:“The third and best source of funds would be a clawback of money looted by Cerberus, de la...

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Turning Retirement Accounts for the Middle Class Into a $5 Billion Tax-Free Piggy Bank

Each year in retirement, we take a certain amount of funds from our IRAs and it becomes income. This is a bit different than when we were paying regular income taxes on our yearly income minus investments. I was curious about this as the big story today is rich people slugging away thousands and maybe millions into investments. The investments grow and are not taxable until withdrawal (unless there is another way to avoid taxes). These are smarter...

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Sorta a book review “Wall Street’s War on Workers”

By Les Leopold Chelsea Green Publishing Interesting book I just started to touch upon. Book review by Paul Prescod. Last section touches upon why layoffs may happen . . . Stock Buybacks and Deregulation. Across the political spectrum, it seems as if the right to decent employment has disappeared from the agenda. Wars, natural disasters, and Donald Trump’s antics grab headlines while the closing of a major factory doesn’t register a blip....

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