@christianserino @LydiaMoynihan @grok: Why is there near-universal condemnation of gross-profit-based taxation. What would be that consequences of such a policy?
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Local Knowledge Problem
25.1K posts
Local Knowledge Problem
@MaxUtilitarian
The data required for rational economic planning are distributed among individual actors and thus unavoidably exist outside the knowledge of a central authority
Katılım Haziran 2020
1.2K Takip Edilen1.6K Takipçiler
No one is arguing Amazon innovation or that Jeff deserves to be a billionaire.
We’re saying - AMAZON NEEDS TO PAY TAXES BASED ON GROSS SALES.
If I make $100,000 a year, and pay 30% in taxes - federal and state - and also have to pay rent/mortgage, auto insurance + cost of auto maintenance - gas, oil changes, tires, etc - as well as food and other LIVING expenses - including health & life insurance, then my “profit” could be as low as $12,000 - maybe LESS! But I’m not taxed on the $12,000 am I ? No I’m taxed on the full $100,000 (minus a credit here or there).
So why the fuck are these corporations, who realize BILLION$ in profit, NOT EVEN TAXED ON THE FUCKING PROFITS?!
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Amazon is one of the greatest innovations in human history. The man deserves every penny he made.
Elizabeth Warren@SenWarren
If Jeff Bezos can drop $10 million to sponsor the Met Gala, he can afford to pay his fair share in taxes.
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So much risk and 'bad times' in the early years that Amazon racked up massive losses—tax loss carryforwards that Congress explicitly built into the tax code.
Risk comes with the possibility of losses, and those should (and do) offset future gains. That's exactly how the system is designed to encourage innovation, not punish it.
Warren and her acolytes don't have a clue.
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@LydiaMoynihan Not to mention the insane risk he went through. Bad times in the beginning. What has Liz ever risked? She's a parasite.
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@EnergyAbsurdity @Starlink Thank goodness we could count on Biden's Broadband Equity, Access, and Deployment (BEAD) Program, a $42B award which has so far connected...
Never mind.
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Well, of course Biden's FCC revoked the award - because none of Biden's cronies benefitted from @Starlink. It's all about the grift.
Brendan Carr@BrendanCarrFCC
Under President Biden, the FCC revoked an $885 million award that Starlink won to provide high-speed Internet to millions of Americans. Back then, the agency claimed that it was revoking the award because it was unlikely that Starlink could provide 100/20 Mbps service to 40% of locations by year end 2025. I dissented at the time, explaining that the FCC's decision could not be squared with any objective application of law, facts, or policy. The data clearly showed that Starlink was on track. Now, new Ookla data shows that well over that percentage of Speedtest user on Starlink did meet the 100/20 service level by year end 2025. The Biden era decision to revoke the award only slowed down efforts to bridge the digital divide and raised costs for doing so. ookla.com/articles/starl…
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"This “I feel like” reflex is more telling than its vapidity suggests. It marks the eclipse of rationality and the rise of the emotion-based thinking that characterize the conversation as a whole. That substitution of feeling for rational thought is among the signal traits of contemporary academia. Those traits have been carried into the body politic for decades by graduates like Piker (Rutgers, B.A. in Political Science and Communications Studies) and Tolentino (University of Virginia, B.A. in English). They now fuel the Left’s moral code."
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The banality of evil comes to mind after reading @HMDatMI dissection of the now notorious NYT podcast featuring Hasan Piker and @jiatolentino — superb writing and clear thinking, and worth 10 minutes of your time to read!
RealClearPolitics@RCPolitics
The Left's Latte Logic of Social Collapse realclearpolitics.com/2026/05/05/the…
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@Noahpinion Slopulist, indeed.
@grok: what's the estimated median income of those that lost their homes the the Palisades fires?
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@parscale Fundamental transformations tend to do that...
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Obamas first inauguration.
James 𝕏ond@james_xond
Can anyone pinpoint the exact moment when everything in society started getting noticeably worse?
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@anooshkabathwal People in the US are forced to spend on things that are either free or very cheap in many other countries, such as healthcare, education, and transportation.
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The US is not a model economy that other countries should seek to emulate.
The bottom 50% of the US population own just 1–2% of the nation's wealth.
Among wealthy countries, the US has one of the highest rates of poverty and child poverty.
The US ranks lower in social mobility than almost every other OECD nation.
The “American Dream”, it turns out, is in practice a non-American phenomenon.
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@RealRickRule She spouts all sorts of nonsense.
Throwing mashed potatoes on the wall to see what sticks.
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Madam, you are the status quo. But you are correct, California needs change
Katie Porter@katieporterca
We need change in California. Corporations and billionaires are pouring millions into this race to keep the status quo. I’m running to fight it.
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$12 million is only baby rich. Business class, not private jet.
Anna Wintour, who manages the gala, has $50 million, 4x that.
Beyoncé has 1 billion, she travels in her BC850 jet, a gift from Jay-Z.
Jeff Bezos, the sponsor, has 250 billion. 20,000 x Paulson’s wealth!
Oli London@OliLondonTV
Sarah Paulson wears dollar bill over her eyes to call out the ‘One Percent.’ The actress, who is worth an estimated $12 million, used her outfit to call out the world’s elite while attending the $100,000 per person Met Gala.
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Some of my frustration with the UK probably comes from inflated expectations. When you give the world the industrial revolution, modern science, antibiotics, vaccines, modern sanitation, Lord of the Rings, the Beatles, Monty Python, and The IT Crowd, how do you follow that act?
Noah Smith 🐇🇺🇸🇺🇦🇹🇼@Noahpinion
Actually I really like the UK, I'm just frustrated by their elite class' utter inability to even recognize the country's deep problems, much less address them. It's frustration born out of love.
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Give every MP a copy of Tyler Cowen's Stubborn Attachments.
(Paraphrasing) "We should prioritize long-term economic growth—constrained by a deep respect for individual rights—as our ultimate moral imperative, because it is the only way to sustainably maximize human well-being for the greatest number of people over time."
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@jonsn0x @RepDavid @willchamberlain Erm.
@grok: Is this true? "Recent data shows New York median household net worth around $133,000–$159,000, compared to the U.S. median of approximately $192,000, per Federal Reserve and state analyses."
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New York has 171 home health aides per 1,000 seniors. The U.S. average is 68.
That is not normal. That is Medicaid fraud on a massive scale, and taxpayers are being forced to fund it. My bill would fix that.
Luke Rosiak@lukerosiak
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Hollywood celebs are literally beyond parody at this point.
Oli London@OliLondonTV
Sarah Paulson wears dollar bill over her eyes to call out the ‘One Percent.’ The actress, who is worth an estimated $12 million, used her outfit to call out the world’s elite while attending the $100,000 per person Met Gala.
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@CompletedStreet "managed properly" doing a lot of heavy lifting there.
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If it were walkable and managed properly, Southern California would be the best place on earth.
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On this episode of The Uncommon Wisdom Podcast, @PeterBoettke joins @Doc_Licon to discuss Hayek, the socialist calculation debate, and whether large language models change the case for markets.
jimmyalfonsolicon.substack.com/p/will-ai-repl…
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@AveroaCarambola @robbystarbuck If her message is hypocrisy, she succeeded.
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As I’ve said many times having directed some of the biggest stars in Hollywood: Most big stars suffer from extreme mental illness and they’re living in an alternate reality. She likely has no understanding of the fact that she IS in the 1%, at an event that celebrates the 1%. 🤦🏻♂️
Oli London@OliLondonTV
Sarah Paulson wears dollar bill over her eyes to call out the ‘One Percent.’ The actress, who is worth an estimated $12 million, used her outfit to call out the world’s elite while attending the $100,000 per person Met Gala.
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