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Cake day: July 7th, 2023

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  • That’s an interesting read, but I think it misses a point of where that 25% GDP is really coming from. The US makes 25% of the GDP because they outsource. To use other country’s labor, other countries people, other other people’s brains, and they take a huge chunk of profit from it. They then claim that’s their GDP.

    America is a very efficient country, with a lot of skilled workers creating a lot of cool products and stuff, but it’s not 5x other countries. The only way to get those numbers is by leveraging the work of other people and claiming it for yourself.




  • Capital gains isn’t a “2nd tax on money people already earned”. If I put my money in a bank account and earn 10% interest (laughable I know) and I earn $10k on the $100k I have in the bank, I pay income taxes on the $10k. If I buy a piece of land for $100k and I sell it for $110k, I pay capital gains tax on the $10k. In both cases I didn’t work for the money and I only paid taxes on the profit.

    Capital gains tax is NOT taxing money twice, and even if it was, sales tax is a much more direct “taxed twice” tax. There is no such rule as “money can’t be taxes twice” in our society. Capital gains tax should be done away with and all profit should just be called “income” and taxed accordingly, just like the rest of us who work for a living.


  • blady_blah@lemmy.worldtoComic Strips@lemmy.worldXXX
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    3 months ago

    It’s a common phrase for to describe prioritizing bad news over normal news in media… basically saying bad shit gets top billing on news outlets. For example, murder, accidents, deaths, etc, they will lead the news feeds. This tends to give watchers/readers a skewed perspective as to how bad things are in the world. For example, murder rates may be down but media constantly hyping up the latest murders may get people to think it’s the worst it’s ever been… reality be damned.