1952 corporate tax as a % of GDP = 32.1%
2010 corporate tax as a % of GDP = 1.3%
1952 Payroll taxes (Social security) as a % of total federal revenue = 9.7%
2010 Payroll taxes (Social security) as a % of total federal revenue = 40.0%
Ever since we’ve had companies, we’ve had managers trying to figure out which people are best suited to working for them. The techniques have varied considerably. Near the turn of the 20th century, one manufacturer in Philadelphia made hiring decisions by having its foremen stand in front of the factory and toss apples into the surrounding scrum of job-seekers. Those quick enough to catch the apples and strong enough to keep them were put to work.
Money should be spent trying out concepts that shatter current structures and systems that have turned much of the world into one vast market. Is progress really Wi-Fi on every street corner? No. It’s when no 13-year-old girl on the planet gets sold for sex. But as long as most folks are patting themselves on the back for charitable acts, we’ve got a perpetual poverty machine.
Peter Buffett, son of Warren Buffett, on why our system is failing. And it’s dead fucking on. Best thing I’ve read in a while.
In Vancouver’s Eastside, you can buy foie gras just blocks from where residents can safely use drugs. Why the contrast? A city strategy called “social mix” is hoping to merge the rich and poor through development and shared housing. But instead of a happy coexisting community, there have been protests, theft and vandalism. While tensions have reached a boiling point, this issue is not limited to Vancouver. Gentrification can be seen in just about any major city all the way from Rio to Hong Kong. So as the world continues to grow, how can a neighborhood also grow without class warfare? Is it possible for everyone to just get along?
Scott Walker’s turd.