Absolutely not. They need us to glorify their ambitions of imposing ethno state apartheid on regions they started bombing, or cutting off water to, in 2014. They also need to keep their rulers bribed so as to join NATO and provoke future war on Russia. Ukraine can choose to be an independent nation now as they could anytime in last 3 years.
Russia, like China, is surrounding itself with NATO/US bases and US empire expansion ambitions.
It’s still money wasted. If US subsidized cars/homes instead of bombs, people get cars/homes. “Forcing” Russia to expand military production so rapidly is going to force us to spend more on bombs too. Russian GDP growth is higher than US even after inflation/currency drop, because everyone has a high paying job due to alternative of military enlistment and weapons production. The US following suit would also drive inflation and crowding out employment from “useful sectors”
Global prosperity is necessarily higher at peace. Supporting what is possibly the most evil war in history, with such extreme mind control for programming tolerance for it, shows imminent collapse of world order and US empire.
Guaranteed minimum income plans are either a 100% tax, when literally, all get a minimum income of say $20k, if you earned less than $20k, you don’t keep any of those earnings. Practical, still left of center plans do change this to a more modest 50% clawback rate similar to welfare/EI. The most famous NIT proposal had a 50% tax rate on the lowest income. That is the exact same as the flawed GMI plans.
NIT is paid to workers and non workers alike. As is UBI. The maximum NIT refund you get is at 0 earned income. When you earn income, your refund is lowered. That starts at $1 of income. Even if it is called a negative tax, it is still a positive marginal tax rate that reduces your net income for every $ earned.
An NIT refund comes from the IRS, while UBI can come from IRS or another department. They are still highly related concepts. Other than the most famous NIT proposal has a 50% tax rate on the lower incomes, and frequenly left leaning politicians, instead of UBI propose Guaranteed Minimum Income, with tax rates of 50% to 100% on the lowest incomes.
Sensible UBI plans use normal tax rates with higher rates on upper incomes if needed.
They can be exactly the same, but are always similar. NIT could be set such that $14k is the refund you get at 0 income, and it is clawed back to 0 at some other income level.
A NIT of 50% up to $20k income is equivalent to UBI of $10k with 50% as the lowest tax bracket. Under both, you pay 0 net tax at exactly $20k income, and you get a $10k refund at 0 other income.
Either one is still a 50% marginal tax rate no matter the name. On every $ you earn you only keep 50cents.
I’ve managed to pay under $20 for all I can click mice. They last more than a year typically. Even with tariffs, I’m getting a chinese mouse, and y’all can f the f off.
this is right. Even if 2 to 3 is open.
The only other candidate is 1. If the faucet has much higher flow than the pipe from 1 to 2 can drain away, then 1 can fill up faster than it drains.
You are just saying “have 1000 or 1m tax brackets” instead of 5. It is not super different other than being more complex.
Very signficant benefits of UBI over minimum wage laws. if for example UBI is equal to typical minimum wage of 2000 hours/year. $14k/year in US. ($7/hour)
Minimum wage means it is illegal to hire you for less, even if you would be happy to work for less. Maybe you are happy to work a couple of hours per day at a nearby library, but would like to get beer money for doing so instead of “internship”. UBI is equivalent to a $7/hour bonus on whatever wage your earn or don’t earn. You have the freedom to say no to work, and so you might accept better pay offers than if you are under structural desperation to survive. That power we all have means that we don’t need a minimum wage law. We all have enough fuck you money to not put up with excessive shit.
It is not. EITC is a tax reduction for the first few $1000s of employment income. NIT is a tax refund even if you pay no taxes.
NIT is specifically letting people start in a refund position. 0 income gets the largest total refund.
It is UBI with a “clawback”. Conservative (Friedman’s NIT version) and left wing (called Guaranteed income) versions of UBI like to place an ultra high tax/clawback rate on the lowest income levels. It is same as UBI if lower tax brackets are not the first bracket after “personal UBI received is paid back in taxes”
This gets proposed as a way to implement basic income (UBI). It is only equivalent when the lowest tax bracket is equal to the NIT.
ex: if NIT of 25% up to $40k, and 25% income tax rate up to $50k, then at $40k income, you would pay 0 net income tax. At 0 income, you would receive $10k, and at $50k income, you’d pay $2500. Every $10k of income results in $2500 extra taxes or less of a refund.
Milton Friedman’s version of NIT was at 50% for low income ($20k), and then fairly low tax bracket rates (20%) above that. This means that the poorest people are taxed very high on income, and middle to high incomes pay a lower rate. Welfare and unemployment systems often use such a 50% clawback. It is a significant disincentive to work, unless you will make a lot during a year.
Refundable tax credits is a similar system of permitting net refunds to people even if they pay no income taxes.
Hopefully its black’s move and I can trade knight for bishop for slight advantage. /s
This is the first “big 2” companies doing Sodium Ion. There have been others. This is biggest plant. It is still early days for production. Mass availability will come later.
LFP batteries are better for EVs/mobillity (with NMC better for ebikes/perfrormance). In some parts of the world, LFP may become more expensive due to extra tariffs, while other parts it can become even cheaper due to high production capacity, and tariffs elsewhere. In the next 1-2 years, LFP is likely cheapest and best option. In 5 years, maybe sodium ion is super cheap.
or security costs, including the promised good time of civil war that get’s floated around.
If you mean 50% tax bracket for the poor, yes it is a poverty trap. UBI is an improvement over welfare and employment insurance because it doesn’t trap people into not working due to high clawbacks. There is also administration and annoyance savings from not policing/applying for benefits.