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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

The story of a small rural town in Illinois that banked on warehouses as saving their town, and how the businesses have abused them:

https://newrepublic.com/article/152836/elwood-illinois-pop-2200-become-vital-hub-americas-consumer-economy-its-hell

Fifteen years before Amazon’s HQ2 horserace, Elwood had won the retail lottery. “Nobody envisioned what we have out here,” said Jerry Heinrich, who sat on the board of the planning commission that first apportioned the land for development in the mid-1990s. “It was never anticipated that every major business entity would end up in the area.”

But this corporate valhalla turned out to be hell for the community, which suffered a concentrated dose of the indignities and disappointments of late capitalism in the 21st century. Instead of abundant full-time work, a regime of partial, precarious employment set in. Temp agencies flourished, but no restaurants, hotels, or grocery stores ever came, save for the recent addition of a dollar store. Tens of thousands of semis rumbled through Will County every day, wreaking havoc on the infrastructure. And as the town of Elwood scrambled to pave its potholes, its inability to collect taxes from the facilities plunged it into more than $30 million in debt.
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I spent two summers in this area on highway construction. The amount of semi-truck traffic on local roads is astounding. And I witnessed so many truck drivers turn into the Abraham Lincoln Cemetery completely ignoring a half dozen "No Truck" signs; A few even asked us if they could turn onto the street even though it says they couldn't (I lost it a few times on the idiot truck drivers).
 
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Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

The traffic from that mess is just insane... I-80 NEVER backed up on a regular basis through Joliet on a regular basis without an accident up until about 2012... Now you can set your watch to it every afternoon... And it's all trucks.... I-80 is also shut down because of a fatal accident on a monthly basis now it seems...

But hey, big business is where it's at! Gotta make the 1%-ers even better than the rest of us :rolleyes:
 
Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

aparch said:
The story of a small rural town in Illinois that banked on warehouses as saving their town, and how the businesses have abused them:

https://newrepublic.com/article/152836/elwood-illinois-pop-2200-become-vital-hub-americas-consumer-economy-its-hell



I spent two summers in this area on highway construction. The amount of semi-truck traffic on local roads is astounding. And I witnessed so many truck drivers turn into the Abraham Lincoln Cemetery completely ignoring a half dozen "No Truck" signs; A few even asked us if they could turn onto the street even though it says they couldn't (I lost it a few times on the idiot truck drivers).
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Bezos is a pr!ck, and his "feud" with Trump should fool no one into thinking he's a good guy. The only difference between the two is that Bezos is actually a sinister genius, whereas Trump is just a trust fund moron with an uncontrollable maw.
 
Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

FadeToBlack&Gold said:
Bezos is a pr!ck, and his "feud" with Trump should fool no one into thinking he's a good guy. The only difference between the two is that Bezos is actually a sinister genius, whereas Trump is just a trust fund moron with an uncontrollable maw.
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I... agree with this assessment.

The tax breaks local municipalities get "monorail'd" into offering the outer ring villages of Chicagoland is astounding. While Elwood has the majority of warehouses currently, plenty more within a half hour to one hour radius North and West have popped up as well, with each offering new sets of tax breaks for companies to move into once the tax breaks expire for the current property.

I worked with one laborer from Morris, IL who said that every few years a new warehouse facility would open along I-80 just an exit or two west of existing ones, allowing companies to jump from building to building to save taxes.
 
Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

Privatize the profits, socialize the losses. PG&E preparing for bankruptcy ahead of potential liability over starting two years worth of California wildfires.


*edit*
The California Department of Forestry and Fire Protection is still investigating the fire's cause, but PG&E says it experienced issues at part of its electrical system near where the fire broke out. Cal Fire says the Camp Fire began Nov. 8 at 6:33 a.m. local time on Pulga Road in Butte County — and PG&E sent an official notice to the California Public Utilities Commission describing an outage on one of its transmission lines at Pulga Road at 6:15 a.m.
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But we were told that terrible forest management was the cause?
 
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Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

They misspelled "90."

Rep. Alexandria Ocasio-Cortez (D-N.Y.) says it’s time for Democrats to embrace a 70 percent marginal tax rate on income above $10 million in a “full-throated manner.”

The freshman lawmaker says “it’s not surprising” that nearly 60 percent of respondents in a new Hill.TV poll support the idea that some of her Democratic colleagues in Congress shy away from.

“This is a policy that is already popular and it's time that we embrace working Americans and it's time that the Democratic Party fights in a full-throated manner for the working class in the United States and to not support a marginal tax rate is to really just allow runaway wealth and inequality to persist,” she told Hill.TV.

The Hill-HarrisX poll conducted Jan. 12-13 found 59 percent of registered voters support a 70 percent marginal rate on income above $10 million.
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Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

Scott Walker continuing to lie:

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Explaining tax rates before Reagan to 5th graders: “Imagine if you did chores for your grandma and she gave you $10. When you got home, your parents took $7 from you.” The students said: “That’s not fair!” Even 5th graders get it.</p>— Scott Walker (@ScottWalker) <a href="https://twitter.com/ScottWalker/status/1085199713463422981?ref_src=twsrc%5Etfw">January 15, 2019</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

He's really burying the lede here. This kid has already earned top cap ($500k? $1Mil?) in reportable income from chores causing the top bracket of the marginal tax rate to kick in.

Also, Walker is being ratio'd pretty hard over this.
 
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aparch said:
Scott Walker continuing to lie:

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Explaining tax rates before Reagan to 5th graders: “Imagine if you did chores for your grandma and she gave you $10. When you got home, your parents took $7 from you.” The students said: “That’s not fair!” Even 5th graders get it.</p>— Scott Walker (@ScottWalker) <a href="https://twitter.com/ScottWalker/status/1085199713463422981?ref_src=twsrc%5Etfw">January 15, 2019</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

He's really burying the lede here. This kid has already earned top cap ($500k? $1Mil?) in reportable income from chores causing the top bracket of the marginal tax rate to kick in.

Also, Walker is being ratio'd pretty hard over this.
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Ratio'd?

'Splain. I'm an old dude, not hip to all this hipster lingo.
 
Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

"dlb" he thought, afraid to ask?
 
Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

rufus said:
Ratio'd?

'Splain. I'm an old dude, not hip to all this hipster lingo.
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Here.

It's a Twitterism for when somebody posts something that's so aggressively stupid/disgusting that everybody comments on it (to torch them) but nobody retweets or likes it.

In other words it's a way to tell a swimmer to get out of the gene pool.
 
Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

Walker just needs to go away; the sooner the better.

I'll bet you he runs again in 2022, though. Not like he's got any future in Washington after his 2016 bid crashed and burned.
 
aparch said:
Scott Walker continuing to lie:

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Explaining tax rates before Reagan to 5th graders: “Imagine if you did chores for your grandma and she gave you $10. When you got home, your parents took $7 from you.” The students said: “That’s not fair!” Even 5th graders get it.</p>— Scott Walker (@ScottWalker) <a href="https://twitter.com/ScottWalker/status/1085199713463422981?ref_src=twsrc%5Etfw">January 15, 2019</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

He's really burying the lede here. This kid has already earned top cap ($500k? $1Mil?) in reportable income from chores causing the top bracket of the marginal tax rate to kick in.

Also, Walker is being ratio'd pretty hard over this.
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23 trillion.
 
Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

it proves what we knew all along, you lefties aren't as smart as a 5th grader!
 
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