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zakruti.com » Blogs and People » Philip DeFranco
The Billionaire Problem, Black Panther Makes History, SCOTUS Allows Ban, & Crisis in Venezuela.

The Billionaire Problem, Black Panther Makes History, SCOTUS Allows Ban, & Crisis in Venezuela.

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The Billionaire Problem, Black Panther Makes History, SCOTUS Allows Ban, & Crisis in Venezuela. Falany: I think the marginal tax rates are a good idea. I also think that most of the people who've come up from nothing and made their own fortune would not mind paying higher tax once they're at that 10+ million a year income, since they know what it's like to live off little money. It's the filthy rich that were born into it or that have had some form of money their entire lives that seem to scream the loudest about it being unfair. Here in the Netherlands we have the following marginal tax brackets: 36. 65% on income up to 20, 384 annual income, 38. 1% on income between 20, 385 and 68, 507, and 51. 75% tax on the income of 68, 508 and above. Because we have tax discounts depending on how much you work/how much you earn that get higher the less you earn, most people who earn very little end up not paying any tax. You can also apply for income tax cuts on your main form of income, which cuts down the 36, 65% of the first bracket to about 22%. So if you have two jobs, you put that tax cut on your best paying job. What we also have, of which I don't know wether you have it, is fortune tax. It's supposed to be a third of the return/yield you get from your savings so you retain some growth through interest, but with the low interest rates right now it's more like double your interest. You pay nothing on savings up to about 30, 000, then pay 0. 58% tax over your savings up to 71, 650, 1. 34% over savings between 71, 651 and 989, 736, and 1. 68% on savings above that. This includes the value of any secondary living spaces you own (so if you only own one house, that doesn't count as part of your 'fortune'. This system is based on 'forfaitable yield', also known as fictitious interest rate. They calculate it by saying the lowest yield is 0. 13% annually, 5. 6% as the highest, and the lower your fortune, the more they use the 0. 13% over the 5. 6% as your fictitious interest. They calculate the tax you owe based on your net worth on January 1st of that calander year. I personally like this system. It's not perfect, especially not with the current inflation and low interest rates, but it feels fair enough. Relatively speaking we also have higher minimum wage than you do, which probably helps. They are trying to get our health care system to be for profit like the American system (before this hospitals were always non-profit, giving any excess revenue to the financially underperforming specialty clinics so everyone in the industry broke even and even special or non-routine health care services stayed affordable, which I do. not. like. I am very left wing when it comes to health care and education. Also all our universities and colleges are state owned/at least state regulated, with the government paying any part of the tuition fee above 2006. Only private schools don't fall into this category. This number used to be lower, students used to pay about 1785 when I started studying in 2012, but there have been big budget cuts in higher/follow up education: ( As I understood it, American marginal tax rates for the highest incomes have been up around 90% even, so 70% doesn't seem that far fetched to me. In my opinion it should be at least 52%, but that is heavily coloured by what I'm used to tax wise (My mom was a specialised psychiatrist so she always fell into the highest tax bracket. If a change in the income tax or fortune tax of a small group of individuals that fairly obviously are well off enough to not have it mess with their lives too much can be done, it should be done. What would probably already help: setting a maximum amount of yearly income for the public service providers. So everyone in the government, higher ups in education and health care etc. and make it relative to the general income of the average citizen. Here it's called the Balkenende norm since prime minister Balkenende coined it, and it's set to about 198, 000 this year. So still quite a lot, but nothing compared to the 450, 000 a year some US government officials make according to what I've heard. Yes this was a very long comment with a lot of information that has nothing to do with the US but I like going into detail about stuff. Also I'm a certified financial and insurance advisor for consumers, which helps with my understanding of things. It's still a big mess though so even professionals in the financial field don't understand everything about every part of taxes.
Date: 2019-11-01

Comments and reviews: 9


Ok, the ending of the Avengers film was spectacular and bold, but the movie as a whole relied way too much on spectators having seen many previous scenes of multiple film series. Black Panther stood well as a whole film. But really to think that a mostly black cast featured in such a megablockbuster film has no cultural signification would be ignorant. It's not about Hollywood guilt or anything like that. There just has never been yet a movie celebrating african culture to that level yet in history. By african culture', that sounds like way too much an overlap, but yet each tribe in Black Panther represent motifs of different african people. This information isn't detailed but those who know will recognizes which african people is represented by which character or motif. Basically it's a big mashup but it is a celebration of African culture as a whole behind the science fiction. Academy awards are trying to honor films of cultural importance, at least mostly from a Western Classical Hollywood perspective (people who think Academy Awards are too intellectual have no idea about Cannes or Mostra. I am not sure any other recent Marvel film is as culturally significant as Black Panther, apart from Iron Man because it launched their aesthetic. As for older superheroes movies, well Christopher Nolan was snubbed as best director for The Dark Knight, but the film was nominated in many categories and won two. I don't think Black Panther will win anyway. The visuals are great but the drama is too overblown. It is the The Empire Strikes Back of 2018, so it will win in similar categories as that film won in 1981. I think if Bohemian Rapsody wins (at least it's not in the best director category, it's in great part because the music is really good (imagine the kids hearing it for the first time, and people just love Freddy Mercury and his life was special. I mean you can still make a dud film with all that and people will lean toward you because they love the topic.
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holy st theres a lot of racist comments. In all complete honesty I think Infinity War is better than Black Panther solely because there's 18 movies leading up to this moment (10 years of crafting by Kevin Feige, a lot of talented actors, writers, and directors) including Black Panther However Black Panther is so revolutionary BECAUSE it has an almost all African American cast. If anyone hasn't noticed by now, most of TV, movies, hell books for crying out loud, feature primarily Caucasian ensembles. Black Panther being nominated shows diversity, something I think the world can never be short of. But in all seriousness Black Panther is an amazing take on the Hamlet/Lion King story line if you ask me, and BOTH Infinity War and Black Panther deserve to be nominated in this category Just throwing it out there, but the first Avenger movie is literally what showed the world that mass ensemble casts from different franchises work (When executed properly). But seriously Infinity War is hands down the best MCU movie so far, (doubt Endgame won't surpass it. It not being nominated for anything is slightly insulting as with the fact that women directors are taking a backseat like that America is disappointing
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How is it right for someone to only get to keep 60% of what they earn. I don't care if they earned 11m or 12k, it's still wrong for the government to take 40% of a person's earnings. and that percentage would go up significantly if they made much more money. Stop being jealous of the rich, and trying to take their money. Instead, put your effort into BECOMING rich yourself by starting a business, or creating something, or investing, or the many other ways one can gain wealth. People need to stop worrying about what others make, and focus on earning more themselves. Everyone has a woeful understanding of economics and finances these days. The rich aren't hoarding their money. Quite the opposite. They know that to stay rich, they need to make their money work for them by investing in assets, which in turn helps other people earn money. They also start business, which employ people. No one stays rich for long by sitting on their money. So why would you want to do away with the rich, when they are the ones giving people jobs? It shows the ignorance of the masses.
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How is Maduro a dictator? I sincerely wish you reconsider your stance before agreeing with Mike Pence. He is a democratically elected leader following his nations constitution, and the US is supporting a coup backing a political party that is illegal by Venezuelan constitutional law. They found corruption in the voting process and must have another election in the fraudulent districts as per their constitution. This is all reasonable, but the US wants to destroy any leader than nationalizes resources so that American business can have full access to it. This is about the 10th military coup in Latin America that the US has attempted, and is in line with recent military coups against Ghadaffi, Assad, Iraq, Afghanistan, Iran, etc. We have seen how those conflicts have all ended, lets not jump on the bandwagon for another one. Let the Venezuelan people rule by their own laws and handle this themselves, and not jump in to help an unelected party seize power.
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If you're making over 10 million a year, you can afford a 70% marginal tax to help fund our programs and infrastructure. Anyone losing their shit over a higher tax for multimillionaires just seems silly to me. We all get taxed. My taxes- making roughly 30, 000 a year- is a drop in the bucket in helping fund programs for our country vs someone who has so much money they don't know how to spend it without splurging on insane things like yachts and private planes. Our healthiest economy was when we were taxing the rich that much. Higher taxes won't hurt them. They won't be scrambling to make ends meet. I don't understand this need to acquire more money than one person or a family or multiple generations of people can reasonably spend. Congrats on making it big, you can now afford to help America and Americans in a way the majority of us cannot. And you still get to keep making millions. Bully for you.
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Philip, can you please cover the Youths for Climate movement that was started by students in Belgium? We have marched with over 35k in total every Thursday through the capital. This story is important because politicians care more about students skipping school than the future of our planet and change. Climate change isn't preventable anymore, and change to stop it from spiralling to the worse is needed. Students are aware of this and share their voices on the streets. They say that sitting in a classroom and waiting years before they can change something is too late. They are brave, and have caused media frenzy all over the country. Your coverage would reach millions. We need this for everyone's sake.
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1. Black panther was not a movie of the year worthy. it was subpar on cgi, disappointing on Marvels end, the ending was horrid, but overall, the movie was decent on its own, in its own way. 2. I support the banning of transgender ppl in the military, they are incapable of doing their jobs and being functional without hormones due to the comorbidity of depression and suicidality rates regardless of transition or not. Its not a bullying thing, its the fact that they have a mental illness that makes them a risk, and to expect the government to make sure they have hormones every month is absurd, when youre deployed thats not a guarantee, its no different than diabetics in the military.
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My thoughts. gender dysphoria is a severely dibilitating mental illness. Beyond gender affirmation surgery, it also requires regular hormone therapy and it is often reccommended continued contact with a therapist in hopes of curbing the anxiety and depression that usually accompanies gender dysphoria be treated. If you have gender dysphoria and do not need any of these consistent medical care, of course you chould be able to serve. However, all kinds of other chronic mental and physical disabilities disqualify people from service, just because gender dysphoria has turned into a political issue doesn't mean it's any different.
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All I care about is whether or not the person suffering from gender dysphoria is at a stable place in their transition. If they get through the psychological check-ups I don't see why it should be an issue. However, if they are mid-transition, I feel they should not be allowed in the military. It's effectively a medical procedure and you wouldn't let someone going through a different medical procedure in until they are fit for service either. But, apart from those specifications, I don't see what's wrong about letting transgender people into the service. I'm sure the US military could use every man or woman they can get.
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