September 20, 2019

Money

"Free markets are supposed to allocate goods and economic activity through self-regulating price signals. But money itself is not just another commodity on the markets — it's the medium of exchange..."

"The digital age has allowed a host of businesses—from online lending to for-profit education—to access detailed information about potential customers, the platforms that can target them, and the money to put it all together."

"Televangelist Todd Coontz has a well-worn routine: he dresses in a suit, pulls out a Bible and urges viewers to pledge a very specific amount of money."

"Delo signed what’s known as the Giving Pledge, a commitment started by Bill Gates and Warren Buffett to encourage fellow ultra-wealthy people to “dedicate the majority of their wealth to giving back.” "

"Bernie Sanders has lived most his adult life in the middle class. But thanks to the book he published in 2017 after his first presidential run, he is now a millionaire."

"When was the last time you talked with colleagues about how much money you earn? If you’re like most people, your answer is “never.” As a society, we’re incredibly weird about discussing how much we earn."

"People are moving to smaller cities in search of affordable houses that don't exist. Millennials are stuck renting in places they would never have chosen if not for the dream of owning a home."

"How did he amass three houses and a net worth approaching at least $2 million? The surprisingly conventional middle-class climbing of a radical-sounding socialist."

"Are public-school teachers really underpaid? It’s a claim often made during teacher pay disputes, but the same data and statistical methods that produce the “teacher salary gap” lead to some ridiculous conclusions..."

"The sunny job numbers and steady growth hide the fact that most people think the economy works only for people in power."

"The money is already here—and has been for years. In the midst of a housing crisis, an injection of cash into the superheated real-estate market seems likely to cause an uptick in evictions and displacement."

"The biggest challenge in measuring real compensation and Americans’ well-being is the extraordinary growth in new products that have brought new benefits not captured in any government consumer price metric."

"The vacation rental industry is mired in claims that it harms neighborhoods and housing markets. Can a nonprofit co-op make the tourist trend a community asset?"

"Tariffs on foreign goods are supposed to help companies that make things in the United States by increasing the costs of products sold by foreign competitors."

"The market for earth-friendly products is ever-growing. In 2018, the reusable water bottle market was valued at more than $8 billion, up 3 percent from 2017, and it’s expected to reach $10.4 billion by 2025."

"Because I write a work advice column, I hear from a lot of people who think they’ve found their “dream job”—often based on little more than an ad. They write to me wanting to know how to get hired..."

"What really matters here is how people are valued. Democracy assumes that the generality of the population have the wisdom to govern a nation."

"Newly obtained tax information reveals that from 1985 to 1994, Donald J. Trump’s businesses were in far bleaker condition than was previously known."

"Recently, under the somewhat unlikely inspiration of Elizabeth Warren, some conservatives have revived an old debate: Did millions of women entering the work force actually make families worse off?"

"I’m a Democrat in the House of Representatives who recently became a minor cause celebre in conservative media circles after I publicly pronounced myself a “proud capitalist..."

"Dramatic income inequality has driven voters to support influential leaders in both political parties who advocate changes to our economic system that would ultimately destroy capitalism."

"The bottom line is that the economy's growth has slowed meaningfully from a year ago, when it was juiced-up by deficit-financed tax cuts."

"Draped in the rhetoric of accountability and meritocracy, journalism is an industry in unmitigated decline. The industry’s workforce has halved in the last 15 years..."

"Amazon has paid billions of dollars in corporate income tax in recent years, though in some years it has paid no tax on profits because — don’t let the accounting terminology scare you off here — it lost money."

"Rent-to-own furniture is being rebranded for millennials. Furniture rental startups tout their flexibility — but they’re a sign of how precarious millennial living can be."

"Billionaires are all around us, but do we ever stop and notice them? We pass through their habitats and provide them the tax nourishment that biologists say is necessary for their survival."

"This country is rigged in favor of making the very wealthy even wealthier... A growing number of privileged young people are questioning the morality of their advantages."

"Seven in 10 adults ages 18 to 34 received financial support from their parents in the last year, including more than half of those in their early 30s. Almost three in five millennials said they couldn’t afford their lifestyles without the support."

"As an Aquarius, David Birnbaum is naturally skeptical of astrology. But as an investor, he has zero doubts about the business potential of the $2.1 billion “mystical services market.”"

"Let me be blunt: You should not pay for TurboTax. If you want to use a free version of TurboTax or H&R Block at Home or Credit Karma Tax or TaxAct, go wild. But for the love of God, don't give Intuit money."

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