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Business, Economics, and Tax Policy 8: Bezos Takes Over the World

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Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

aparch said:
https://www.washingtonpost.com/us-p...ount-since-great-recession-new-fed-data-show/



Also known as "no sh*!," and when can we start publicly flogging the 1%? We can get to the next 9% later.
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I remember wondering a few months back what percentage of the stock market is own by whom. I think that if the estimate that the top 10 percent of families control about 84 percent of the stock market is even remotely accurate, you can essentially assume a similarly high percentage of every dollar spent goes to the top 10%. One more bit of evidence that a fair tax just ain't fair and that we need a steep progressive income tax. And probably steeper at that.

Furthermore, it just goes to show how much we need to treat long term capital gains as regular income.
 
dxmnkd316 said:
I remember wondering a few months back what percentage of the stock market is own by whom. I think that if the estimate that the top 10 percent of families control about 84 percent of the stock market is even remotely accurate, you can essentially assume a similarly high percentage of every dollar spent goes to the top 10%. One more bit of evidence that a fair tax just ain't fair and that we need a steep progressive income tax. And probably steeper at that.

Furthermore, it just goes to show how much we need to treat long term capital gains as regular income.
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Feels like something is missing here?

What is owned by foreign nationals?

Stock ownership is huge!!
Property?

That should be hit too, double taxation treaty be dammed

Like anyone cares if those countries want to hit back on US citizens owning overseas.... :)

Pound them all! :D
 
Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

I care about rich foreign investors and their tax woes about as much as I care about the rich here crying about taxes.
Sorry Mookie.
 
rufus said:
The 1% live in a different world than you and me. Glad you're finally figuring that out.
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Normally you buy a building or endow a chair. Bribing a coach, though, is more modern and has been practiced by sneaker companies for years.
 
Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

GrinCDXX said:
I honestly would have been shocked if something like this hadn't been going on. I've just been under the assumption that college admissions could be bought.
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I have to say, I don't get it. Instead of paying a middle man half a million bucks, if the Loughlins say or whoever donated that directly to the university with the promise of maybe a few more bucks upon admission I find it hard to believe the combination of $$$ and celebrity status wouldn't have gotten their kids into these colleges. Think of Rodney Dangerfield's character dealing with the dean in Back to School when he was trying to become a student. :D
 
Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

GrinCDXX said:
I honestly would have been shocked if something like this hadn't been going on. I've just been under the assumption that college admissions could be bought.
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Most of the rich kids I knew in college were monumentally stupid. Dump level stupid. Yet there they were. I wonder how?

They weren't by any means a large segment of the student population -- maybe 1 in 50. But it was still galling to have them there when they obviously had nothing between the ears.

Fun fact: they run our major corporations, now.

Tow the ESA into the center of Africa and let them work it out for themselves.
 
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Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

https://arstechnica.com/information...gain-after-promising-lower-post-merger-bills/

AT&T raising prices again after promising lower post-merger bills

DirecTV Now packages today cost $40 to $75 a month before add-ons such as HBO, and current customers will reportedly pay $10 a month more regardless of which package they subscribe to, making the prices $50 to $85. News reports say AT&T is also reconfiguring its channel packages for new subscribers, adding HBO to basic packages while eliminating dozens of channels that aren't part of the AT&T-owned Time Warner Inc. New customers will reportedly be able to choose from two slimmer plans costing $50 or $70 a month.
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So at what point do we decide that complete vertical integration is monopolistic and predatory? I know it won't be in the next two years, but I'm holding out hope that we start breaking these companies back up in my lifetime.
 
Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

dxmnkd316 said:
https://arstechnica.com/information...gain-after-promising-lower-post-merger-bills/

AT&T raising prices again after promising lower post-merger bills



So at what point do we decide that complete vertical integration is monopolistic and predatory? I know it won't be in the next two years, but I'm holding out hope that we start breaking these companies back up in my lifetime.
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Elizabeth Warren explained exactly how and why she wants to break them up (on Morning Joe) and it made perfect sense. She really knows how to explain things.
 
dxmnkd316 said:
https://arstechnica.com/information...gain-after-promising-lower-post-merger-bills/

AT&T raising prices again after promising lower post-merger bills



So at what point do we decide that complete vertical integration is monopolistic and predatory? I know it won't be in the next two years, but I'm holding out hope that we start breaking these companies back up in my lifetime.
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For being a tech website, they sure don't understand technology.

DirecTV Now is the online only streaming package and was launched by the merged ATT/DirecTV company (as the merger was okayed over a year before this service)

DirecTV, the actual satellite TV service that was bought by ATT in 2015, did NOT have a $10 price hike today.

No where in the merger documents does it say that their online streaming only service yet to be created will also not have any price hikes.

I'm all for calling companies on their bullsh**, but on this one, Ars Technica can sit and spin.
 
Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

mookie1995 said:
Isn’t she supposed to reinstate glass steagall??
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Would that help or does the modern situation require something more / different?

The bumper sticker is, for once, accurate and fully inclusive: too big to fail is too big to exist. The legal limit on your ability to dominate a market should be when you become such a threat that we can't afford to let you fail. A business where that can happen is a business where we either need Draconian anti-monopoly laws or simply public ownership.
 
ScoobyDoo said:
Elizabeth Warren explained exactly how and why she wants to break them up (on Morning Joe) and it made perfect sense. She really knows how to explain things.
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No one takes her seriously after the whole Native thing, which is why she's being bolder. Find another candidate willing to do that.

Oh crap, that's probably Bernie...*sweats a little*
 
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