November 13, 2019

Money

"Since 1980, the incomes of the very rich have grown faster than the economy. The upper middle class has kept pace with the economy, while the middle class and poor have fallen behind."

"It was just one branch of one company in one city, but Amazon’s cancellation of its planned New York office has cities and companies all over the country rethinking their plans."

"The super-rich are always looking for ways to decrease the amount of taxes they have to pay. But what are the things they do to ease their burden? Experts break down 5 common strategies that help save their clients money."

"Making our choices count is, however, far from straightforward, and this is the subject of Martin Hägglund’s book This Life: Secular Faith and Spiritual Freedom."

"For a decade, the oligarchs of Silicon Valley and Puget Sound worked overtime to win over progressives. For the most part, they enthusiastically back the Left on its immigration, environmental, gender, and racial agendas."

"Progress in technological innovation, reducing poverty, and increasing life expectancy around the world continues to increase. Yet there is also persistent poverty in poor and fragile states..."

"In talmudic tort law.. the responsible party must transfer to the plaintiff an area of his best land of equivalent value- rather than a larger area of low-quality land. From the standpoint of classical economics, such a requirement is nonsensical."

"Yes, we’re all overwhelmed with email. One recent survey suggested that the average American’s inbox has 199 unread messages. But volume isn’t an excuse for not replying."

"In his State of the Union address last week, President Trump vowed the country can make its middle class “bigger and more prosperous than ever before.”"

"S’well’s success is impressive, but the brand has a host of competitors nipping at its heels in what has become an enormous market for high-end, reusable beverage containers."

"Millions of Americans filling out their 2018 taxes will probably be surprised to learn that their refunds will be less than expected or that they owe money to the Internal Revenue Service after years of receiving refunds."

"Smartphones often tether us to our jobs even when we're not at the office, making it hard to disconnect and find the balance between work and personal time."

"layoffs in the sense we mean now — when a business decides to terminate the employment of workers in the name of strategic planning... are a relatively recent phenomenon."

"Your office is a den of thieves. Don’t take my word for it: When a forensic-accounting firm surveyed workers in 2013, 52 percent admitted to stealing company property. And the thievery is getting worse."

"Businesses are nervous, unsure of whether the president's next move is to lower the tariffs or raise them. That's another reason business investment has flat-lined."

"His policies so far have, if anything, made these problems worse... conservatives, including the President’s economic advisor, suggested to cut key middle-class benefits such as Social Security and Medicare to pay for the deficits..."

"A new Economic Policy Institute study finds that Airbnb contributes to rising home prices in cities, yet often escapes comprehensive regulation."

"Under Warren’s plan, the tax rate on wealth would be two per cent, but it would only apply to American households worth at least fifty million dollars, of which there are fewer than eighty thousand."

"For the rest of the country looking on, the question of what we would do if we missed two paychecks in a row was on many people’s minds. And for many, it was no mystery: They wouldn’t be able to afford it."

"[Schultz] is hardly the first billionaire CEO to consider a run for the White House in the hopes of changing politics and government. And he won't be the last."

"For Americans under the age of 40, the 21st century has resembled one long recession... the economy has now been growing for almost a decade. But the truth is that younger Americans have not benefited much. "

" Credit markets are a better place to look for signs of impending trouble, in no small part because they have been at the core of most financial crises and recessions for hundreds of years."

"Ocasio-Cortez is right: Rich must pay more to help close America's wealth and income gaps... Democrats now have a big opportunity to design and advance a progressive economic agenda that could become a reality after 2020."

"When you compare yourself to someone better off than you, that is called an upward social comparison, and it tends to make you unhappy (though it can sometimes be motivating to make you want to be more like them)."

"John Bogle, the founder of The Vanguard Group who died earlier this month at age 89, got rich by giving his mutual fund customers a better deal. The obituaries seem to have missed that point."

"The structure of MLMs is to blame for many of those “Let’s catch up!” Facebook messages piling up in your inbox. The more recruits or team members your friend pulls in, the more money she makes. "

"The government shutdown flooded folks with fear. Yet it shouldn’t. The aftermath of shutdowns is also great, with U.S. stocks averaging 12.8 percent in the next 12 months."

"Eating out, ordering in. Throw in a bagel here, a coffee there, and it all adds up. "It's definitely a challenge for people my age to save on food.""

" The lifestyles of Iran’s privileged youths — including expensive holidays, glitzy parties and access to cash and jobs — have sparked public anger in recent months as U.S. sanctions squeeze the economy."

"Even if the economy is on a roll, many Americans aren’t feeling the benefit... In fact, when adjusted for cost of living increases, real wages actually declined 1.3% since the end of 2017, PayScale found."

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