Favorites September 16th 2021
Timothy B. Lee@binarybits
Billionaires use a strategy known as "buy-borrow-die" to avoid paying any tax on their capital gains. This is made possible by a loophole called step-up basis. @AlanMCole explains how lobbyists defeated Biden's effort to close it. fullstackeconomics.com/how-a-key-bide…
11:16 AM · Sep 16, 2021
164 Reposts · 390 Likes
What a depressing outcome. Hopefully this will be first on the agenda next time we need to raise taxes though.
Alec Stapp@AlecStapp
Truth
4:48 PM · Sep 16, 2021
150 Reposts · 1.43K Likes
I didn't know this was British punctuation, but I very much agree.
Darrell Owens@IDoTheThinking
Not only does California's recall system need redoing but the whole ballot initiative program where every election the ballot is stuffed full of irrelevant propositions cooked up by a few signatures thanks to low gubernatorial turnout.
5:18 PM · Sep 16, 2021
31 Reposts · 339 Likes
California's government structure has... Problems.
Axios has a podcast miniseries about this, it's really good. The personal stories of the individuals selected are heartwarming A F.
Noah Smith 🐇@Noahpinion
One important thing to realize is that while both YIMBYs and NIMBYs are bipartisan groups, in the West they both tend to be leftists. YIMBYs are very much in the North European leftist tradition (which btw is the good one).
Darrell Owens @IDoTheThinking
Even tho Left European parties tend to be yimby, the literal "YIMBY movement" was birthed in this city Stockholm as a way to reduce the 20 year waitlists for rent controlled housing by just building more housing. As a result some area waitlists have been reduced to 9 year wait. https://t.co/7eZy1RO1gu
8:33 PM · Sep 16, 2021
6 Reposts · 75 Likes
I had not considered that there's a North south difference before, but yes.
Kevin Roose@kevinroose
If I worked at another tech co, this thing FB execs always do of conflating FB/IG-specific criticism with criticism of "the internet" and "social media" would really grind my gears.
Peter Kafka @pkafka
“Cars create way more value in the world than they destroyed. And I think social media is similar” Instagram boss @mosseri on WSJ piece re: IG research that suggests the app can be harmful to its teenage users.
https://t.co/TAdYFdSOyC
4:39 PM · Sep 16, 2021
59 Reposts · 350 Likes
I like to think that outside observers see through their bs, but who knows.
