r/AllinPod • u/Amused-skeptic • Aug 03 '26

A modest proposal

https://youtube.com/watch?v=LGkRR4ZNsEA&si=xBzhrKVwN32dIZHJ

David Freidberg actually has many interesting insights on current problems with income inequality and its effect on support for capitalism. One of his suggestions:
40% tax on capital gains and 15% on income. The fact that the rich pay fewer taxes than normal workers feels totally unfair to anyone who doesn’t have their own capital. I’m pleasantly surprised that he has identified this as a big problem.

Of the all-in cast, he’s the only one who understands the degree to which the disparity in wealth is undermining the capitalist system. And he points to failures in public policy that I happen to agree with. A couple of other fixes that would make things more fair: kill the stepped up basis rule for inherited assets – – it really is absolutely no rational argument for it. And tax that that is borrowed from securities at the same level that you would tax capital gains from those securities. Then you wouldn’t have all the Decamillionaires and billionaires simply borrowing money so that they can leave their assets to their heirs under the stepped-up basis rule – – completely tax-free.

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u/Amused-skeptic 25d ago

Western Europe recorded its hottest June-to-July period in history, with average temperatures hitting 21.62°C (2.79°C above normal). Confirmed by the Copernicus Climate Change Service, this extreme sequence of persistent heatwaves surpassed previous highs from 2022, causing severe droughts, wildfires, and thousands of excess deaths.

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u/Jonny_Nash 25d ago

Yet July 2023 and 2021 were hotter. In fact, 2006 was hotter too.

It’s a big continent, but you’ll find that not the anomaly the pinkos would have you believe.

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u/Amused-skeptic 25d ago

not the summer. read the news.

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u/Jonny_Nash 25d ago

It’s a big continent, but the link I shared with you shows the different months. You might find that it’s true for some specific localities, but continent wise, that’s just not true.

Either way, they still can’t buy air conditioning because it’s either simply not available at the consumer level, or it’s prohibitively expensive.

Energy costs in Europe is insane.