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SoylentNews
April 2, 2019
Sen. Ron Wyden of Oregon, the ranking Democrat on the Senate Finance Committee, announced today that he would soon release a proposal to eliminate massive tax breaks enjoyed by the wealthy on their capital gains income. If successful, the proposal would ensure that income from wealth is taxed just like income from work.
His plan, which he has promised to flesh out in a white paper in the coming weeks, would tax the appreciation of assets owned by the very wealthy as income each year, an approach known as mark-to-market taxation. It would also subject that income to ordinary tax rates rather than special, lower income tax rates that apply to capital gains.
https://itep.org/sweeping-reform-would-tax-capital-gains-like-ordinary-income/
https://www.wsj.com/articles/top-democrat-proposes-annual-tax-on-unrealized-capital-gains-11554217383
(Score: 2) by Azuma Hazuki on Tuesday April 09 2019, @01:22AM (1 child)
Here's an easy one: with a few degrees Celsius change, all that methane under Siberia and Alaska and trapped in clathrates in the oceans is going to fart itself back into the atmosphere, and then you'll see some *real* thermal fireworks. Methane is way the hell worse than CO2 for trapping IR-spectrum radiation. It would only take a small amount of actual warming to set that off; this is one of those knock-on effects I was talking about.
Imagine what happens if the US Midwest becomes an arid desert and Russia suddenly gets, in the form of Siberia, the world's largest stretch of arable land. Do you really want to live in that geopolitical reality? And that's to say nothing of what happens when just about everywhere within 20 degrees of the equator becomes literally unsurvivable in the summer; think of the massive migrations to the north.
You foolishly focus only on the single, simple fact of rising temperatures, and don't think about how fragile and interconnected and multilayered our civilization is. This is why I say you not only do not argue in good faith on this matter, but *cannot.* You lack the capacity, the intellectual honesty, the imagination, or some combination of the above to take in the real scope of the problem. Your posts on the subject have a signal to noise ratio just slightly under that of a long, wet beer fart.
I am "that girl" your mother warned you about...
(Score: 1) by khallow on Tuesday April 09 2019, @01:59AM
How many such degrees? I notice that most of that sort of research ignores the water that's been thrown on the ocean deposits. Higher pressure means higher temperature required till something happens.
I can imagine all kinds of things. But what's actually going to happen? Maybe we should start thinking about that instead.