And yet, in today’s America that’s the major economic policy of the leader of the Republican Party.
And yet, in today’s America that’s the major economic policy of the leader of the Republican Party.
A actual far left policy would be a collectivised or cooperative workplaces that don't rely on tips to subsidies salaries.
You have too much partisanship on your mind.
Harris (Democratic party leader) endorsed it: https://www.cnn.com/2024/08/12/politics/taxes-on-tips-elimin...
But it also expands the idea that the customer/buyer has financial power over the server by encouraging a tipping culture.
Donald Trump and his sons have repeatedly said that don't pay on contracts when they view the work is poorly done or insufficient, in response to claims of non-payment.
Encouraging tipping makes such "payment discretion" easier.
After all, the government taking ownership of industries matches common definitions of Socialism.
> Charter of Labour, 1927
> He recognised private enterprises as the most efficient, gaining him support from rich industrialists.
> The charter also stated that the state could take control of, manage or encourage enterprises that were considered inefficient.
Parent poster's explicit "two decades back" scale is entirely reasonable for the phenomenon they are pointing out.
American hypocrisy never fails.
And US still needs to protect x86/MS as best NSA source :) There is even "intel" right in the name ! ;) Also business and best and cheap compute cpus. I guess they need a bit of help until some patents go off...
And do not forget foundry with "photonics" tech cooperating with military...
Lack of wild and dumb capitalism is not automatically socialism.
And belive me: socialism is the TRASH - replacing private ownership destroy value and sensibility of any action.
Conservatives like it, because it is effectively a de minimus exemption on taxes, simplifying the tax collection process, and liberals like it because it results in more progressive taxes, with tip earners overrepresented amongst low-income earners.
A few lines of tax code means millions of people don't have to worry about unpredictable withholdings due to significant changes in tips from day to day, month to month, and year to year.
Also, what's sloppy about it? It's just a deduction for up to a maximum amount from tips, for a specified list of occupations, with the maximum decreasing as income increases above a specified level. That's pretty simple, as far as tax code goes. What do you think would be a less sloppy way of implementing it?
Yes. And a big round of applause to welcome Mr. Zohran Mamdani.
If I'm missing something help me out.