economics, ethics, government

Should BILLIONAIRE$ pay less tax than YOU?

Someone in the American IRS leaked to Propublica:

  • Warren Buffett ~ 0.10% true tax rate
  • Jeff Bezos ~ 0.98% true tax rate
  • Michael Bloomberg ~ 01.30% true tax rate
  • Elon Musk ~ 3.27% true tax rate

What’s your true tax rate?

American politicians write complicated tax laws which result in loopholes used by the richest donors.

BUT — can it be fixed?

The best summary of the issue I’ve seen is the second podcast in this list.

The Great Supply Chain Disruption The Daily

Throughout the pandemic, businesses of all sizes have faced delays, product shortages and rising costs linked to disruptions in the global supply chain. Consumers have been confronted with an experience rare in modern times: no stock available, and no idea when it will come in.Our correspondent, Peter Goodman, went to one of the largest ports in the United States to witness the crisis up close. In this episode, he explains why this economic havoc might not be temporary — and could require a substantial refashioning of the world’s shipping infrastructure.Guest: Peter Goodman, a global economics correspondent for The New York Times.Love listening to New York Times podcasts? Help us test a new audio product in beta and give us your thoughts to shape what it becomes. Visit nytimes.com/audio to join the beta.Sign up here to get The Daily in your inbox each morning. And for an exclusive look at how the biggest stories on our show come together, subscribe to our newsletter. Background reading: An enduring traffic jam at the Port of Savannah reveals why the chaos in global shipping is likely to persist.This week, President Biden announced that major ports and companies, including Walmart, UPS and FedEx, would expand their working hours as his administration struggles to relieve growing backlogs in the global supply chains.For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. 
  1. The Great Supply Chain Disruption
  2. ‘No Crime Is Worth That’
  3. ‘The Decision of My Life’
  4. Is Child Care a Public Responsibility?
  5. Which Towns Are Worth Saving?

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