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CZEdwards (time for Truth & Reconciliation)
A 5% tax on 55K a year is $10.57 per work day. You know what this sounds like? A WAY TO PROP UP THE COMMERCIAL REAL ESTATE SECTOR, WHICH IS FLAILING ITS WAY TOWARDS IMPLOSION. And which needs a massive realignment. Deutsche is trying to avoid their (WELL EARNED) haircut.
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CZEdwards (time for Truth & Reconciliation) Nov 12
Replying to @CZEdwards
Also: this is absolutely NOT the way to deal with a pandemic. It’s a 180 from what we should be doing, which is Italian style lockdown, with salary support. Paying people to stay home & work from home needs to be INCENTIVIZED, not punished. We can buy fewer fighter jets.
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CZEdwards (time for Truth & Reconciliation) Nov 12
Replying to @CZEdwards
Deutsche needs to be broken. (A reminder: They were the Nazis’ bank. They were broken up under the Marshall Plan, and were not supposed to be allowed to consolidate. But that didn’t even last 10 years.)
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CZEdwards (time for Truth & Reconciliation) Nov 12
Replying to @CZEdwards
Also, I am deeply offended that Deutsche thinks $55K a year is luxury living. It’s $26 an hour, which is about $18.50 in take home. And you know what? If the minimum wage and the poverty level had kept up with inflation? 55K would be the upper end of that bubble.
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CZEdwards (time for Truth & Reconciliation) Nov 12
Replying to @CZEdwards
A person making $55K should be paying about $960 a month in rent (30% of monthly take-home). Not happening most places. I note that $45K is now median starting salary for a freshly minted young therapist (MS counseling, LCP) & several other professions that require grad school.
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CZEdwards (time for Truth & Reconciliation) Nov 12
Replying to @CZEdwards
I also note that when most places pass taxes, they’re passing a 1/2 cent sales tax or a 1 percent tax luxury use tax (like on a hotel room or rental car) — not a new 5% income tax that will depress wages for years. Want to fund the front line? FUND IT.
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CZEdwards (time for Truth & Reconciliation) Nov 12
Replying to @CZEdwards
I realize that the people responsible for Deutsche in the 1930s and 40s are almost all dead now. I don’t really care. Some crimes are so heinous that the stain cannot be erased. Neither a corporation nor a state can do penance. Some punishments must last more than a century.
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Fiiiiiive Gooooolden Rob Wielands (He/Him) Nov 12
Replying to @CZEdwards
Yeah on top of the 30% self employment tax a lot of us pay? Good luck.
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CZEdwards (time for Truth & Reconciliation) Nov 12
Replying to @robowieland
Right?? I mean, if Deutsche WANTS to increase its retail money laundering business... (and maybe they do — it seems like ALL the financial services are trying to get the ever important small money these days...)
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JoeyRJust Nov 12
Replying to @CZEdwards @jonrog1
....who asked them? One would think their primary concern at the moment would be making sure all of its executives and decision makers aren't in prison within the next year.
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CZEdwards (time for Truth & Reconciliation) Nov 12
Replying to @JoeyRJust1 @jonrog1
Right?? You’d think?
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