@AlphaNews It will greatly improve connectivity in the metro and result in less car dependency.
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expla1n
5.6K posts
Republicans seek to block federal funding of proposed rail projects: ‘Waste of taxpayer dollars’
Minnesota's Republican congressional delegation said the Blue Line extension "is already shaping up to be yet another transportation project that will lead to minimal ridership, huge capital costs, and adverse effects on Minnesotans."
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@MWonko42 @sethharpesq You took one intro class and disregard the entire field? I think you’re just retarded big dog.
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@sethharpesq I did Econ 101 and was sort of gobsmacked how there's just ... nothing there. The whole thing is just vibes and sociology. You can pick out parts and predict/forecast what's going to happen but the entire structure is just a house of imaginary cards.
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Not an economist but I did graduate first in my class from UT-Austin with a BA in econ and a strong suspicion that I had spent the last three years studying an ideological pseudoscience that had zero predictive power and was based on assumptions so untenable it was almost funny
noah kulwin@nkulw
Economists have never had more power in governance and society than they have for the past few decades, which is why everything is going awesome!
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@Marhelius @jbsteinberg @nkulw Ya totally man. For sure. It’s the economists world, we’re all just living in it.
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@jbsteinberg @nkulw The entire political and socioeconomic framework of much of the world and the entire international system is built on orthodox economic assumptions. Mainstream economists shaped those systems for decades.
Your counter argument includes a single policy proposal in NYC.
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Economists have never had more power in governance and society than they have for the past few decades, which is why everything is going awesome!
Richard Hanania@RichardHanania
Tyler Cowen in his new book on why economists write about topics outside their area of expertise: “The dirty little secret is that what distinguishes economics as a field, right now, is a mix of higher standards, harder work, better math, and higher IQs.” This is clearly true.
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@rascal113646 @RealJasonNelson Why did she spend 40 years not saving for retirement?
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My 67 year old Aunt does not have children in the public schools, does not drive, paid for an ambulance to take her to the hospital last year and when she (and I) called 911 about an open fire on the streets they told her, "Oh, that's just a warming fire." and closed the call.
This is her Property Tax bill for a 3 bedroom 2 bath home.
She gets $1,200/ month in social security. She doesn't even get enough to pay her property taxes.
COL increase for SS might be the same as the increase in property taxes.
2%
Do the math.
2 % of her $1,200 for social security next year. $24
2% of $19,000 for increased property taxes. $380
@VP
@nickshirleyy
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Apparently the cost of your public services is not based on your usage, but on how much your stuff is worth?
I’m very confused by deliberate stupidity.
Rushi@rushicrypto
I’m very confused about the number of people who think “property tax” is a sales tax on you home rather than taxes to pay for public services you use every day. “I paid off my home why do i still pay property taxes?!?!?” Oh, did you also stop using the roads and libraries and sidewalks and parks? Not worried about fires anymore?
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@RichardHanania it's not "clearly true"; and you're still a neo-Nazi whom no one should take seriously
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Tyler Cowen in his new book on why economists write about topics outside their area of expertise: “The dirty little secret is that what distinguishes economics as a field, right now, is a mix of higher standards, harder work, better math, and higher IQs.”
This is clearly true.
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expla1n أُعيد تغريده
Will our kids get the same shot at life we did? We’re spending $1.43 for every $1 we bring in and in just a few years, HALF of federal spending goes to those aged 65+.
Congressman @RepDavid is asking the question nobody wants to answer.
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@KeyboardChuck @TheGreenOldDill Consumption taxes create massive deadweight losses and are ultimately counterproductive. A better plan is to tax the only thing we can’t make more of - land. Just tax land value only.
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Another vote for consumption taxes.
E.g. don't tax the first home, but tax the second. Granular sales taxes on things like cars and boats. Exemptions for basics like fresh food.
Florida has all sorts of tourist taxes which work well. In the town I live in, there's room to raise new forms of revenue in lieu of homesteaded property tax exemptions.
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I’m very confused about the number of people who think property taxes based on an arbitrary value of a home are the only way to pay for city services.💁🏼♂️
Rushi@rushicrypto
I’m very confused about the number of people who think “property tax” is a sales tax on you home rather than taxes to pay for public services you use every day. “I paid off my home why do i still pay property taxes?!?!?” Oh, did you also stop using the roads and libraries and sidewalks and parks? Not worried about fires anymore?
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@TheGreenOldDill Present another durable option then. None of the revolters ever specify how we will fill the gap. They hand waive “cut waste fraud and abuse!” but never point out any wasteful spending program that is funded by property taxes. They present no alternative tax. It’s unserious.
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Democrats are still lying about who will fund their utopian vision. If you want ALL of these programs the middle class will need to pay nearly 50% of their income in taxes. Janitors, teachers, construction workers, etc.
Just be honest about it at least.
Elizabeth Warren@ewarren
The Ultra-Millionaire Tax Act would generate over $6 trillion over the next decade—without raising taxes on 99.85% of American households. This wealth tax for millionaires and billionaires could pay for universal child care, free community college, Medicare expansion, and more.
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Anyone advocating for price controls is financially and economically illiterate
Jan Śpiewak@JanSpiewak
Da się kontrolować ceny benzyny to czynsze też można.
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this dude - "the people suck, rich people rule"
expla1n@expla1n2
@BullyCreative Populism sucks and we have the 5th highest tax burden in the union.
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expla1n أُعيد تغريده
Hey we may not have gotten $5k DOGE checks, $2k tarriff rebates, 20 million deportations, the abolishment of the IRS and the Department of Education or cheaper gas but at least we got a war that nobody wanted that doesn't benefit us in any material way whatsoever.
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Actually decentralized exchange of private property at individual discretion is precisely what planned economies seek to destroy
Red Operative Leninist@RedPill_Marxism
There is no fundamental contradiction between socialism and a market economy China and Vietnam are socialist
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@expla1n2 @motorisms They are. 80% of them in NYC are from Honduras. The other 20% get pegged by their wives after a no kings protest
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Alarming data
Over the past 30 years, cook county property taxes have tripled
Outpacing both inflation and wage growth
We have the highest residential property tax rate in the country
School districts make up over half of all property taxes / heavily rely on them
And then there’s TIF…
TLDR TIFs (tax incremental financing) are supposed to capture growth in property taxes within a district and redirect that $ into a separate fund.
When used correctly, they fund local development. Think Fulton Market 10 years ago vs now. An example of how TIF works at scale
There should be 100s of Fulton Markets
But that’s not happening lol
TIF rev has growth over 1000% in the same 30 year period and are being used to backfill budgets
What a system 🔄🔄🔄
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