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conversableeconomist.com | ||
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www.irishtimes.com
While inheritance taxes might generate a lot of attention, on an annual basis, they don't contribute a significant amount to the exchequer. That's why some countries have abolished it |
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finnscave.com
America does not have an income inequality problem so much as it has a wealth inequality problem. The top 1% make about the same total income as the bottom 40% combined, which is significant, but it is nothing compared to the wealth gap. The top 1% have 139x as much wealth as the bottom 40%.... |
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www.greshm.org
I explained last month that tax revenue is meaningless. But that doesn't mean that taxes are all together useless. Taxation can have important positive (or negative) effects on the economy. It all depends on what we tax and how we tax it. And, as it turns out, money is always the wrong thing to tax. This must sound strange. Taxation is, after all, the taking of money. When I say we shouldn't tax money, I specifically mean that the amount of money taxed should not depend on the amount of money or other financial assets that someone owns. |
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www.laptopmag.com
OpenAI rolled out GPT-4o image generation this week, and it went viral, with people using the AI to generate Studio Ghibli-style animation. It went so viral that it started melting OpenAI's GPUs. |
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