Taxing billionaires is framed as essential to fund public goods and restore societal fairness, which the author argues is critical for the survival of American democracy.
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It is essential not just to fund the public goods the nation needs, it is indispensable to restore a sense of fairnessMoney doesn’t buy happiness, we’re told. Even some economists agree. The Nobel Prize-winning economists, Daniel Kahneman and Angus Deaton, once proposed that rising income increased people’s emotional wellbeing only up to a ceiling of about $115,000 in today’s money.They probably hadn’t met many billionaires. The ultra-rich may not pursue happiness in the joyful sense of the word. But they will try every trick in the book to hang on to their stash and woe befall the tax authority that tries to lay a finger on their treasure. Continue reading...
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A court ruled that denying an Australian prisoner Vegemite was justified to maintain security, prioritizing operational needs over his cultural rights.
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