474 karma · joined November 17, 2015
The avoidance issue is a big one and the mechanism of making sure people pay is at least as important as where one sets the floor. Cross border capital flows can be pernicious.
Piketty gets into how different rates of capital accumulation create huge rifts between people who own appreciating assets like land and equities and people who don’t who primarily earn wages. The idea behind the wealth tax is to try and narrow the rift.
Wherever you stand on Astrology, it’s ridiculous that Apple is able to just nix this app.
Edit: Seeing a lot of people complaining about the data quality. A lot of the more interesting breakdown on salary vs stock etc was only available by clicking on each row. Maybe a more advanced scrape could reveal that stuff.
"according to a Wall Street Journal analysis of data from MyLogIQ and Institutional Shareholder Services"
This is a large corporation with as much a hand in perpetuating systemic inequality as any other large corporation. Moreso because it exists in the financial sector. Calling out inequality and donating funds generated from parasitic practices is not enough. Let's talk about debt forgiveness, defunding the carceral state and dismantling other structures of oppression.
Cynical take: Damn they really want to pay Software Engineers less.