Tag: explainer

How America’s Marginal Tax System Actually Works

How America’s Marginal Tax System Actually Works

This was the Internet’s reaction to Alexandria Ocasio Cortez’s proposed tax increase. Ocasio Cortez has suggested a 70 percent tax on the super rich to pay for the new Green Deal. But it means that as you climb up this ladder, you should be contributing more. There’s a lot of conflicting opinions out there and …

Bull vs Bear Market? | Money in :60 | GZERO Media

Bull vs Bear Market? | Money in :60 | GZERO Media

Hi, everyone. I’m Betty Liu with your Money In 60 Seconds. OK, let’s get started. Ah well, that’s the reason why I’m sitting in front of a bull right now. So, a bull and bear market generally describes how the markets are trading or how the stock markets are performing. So, if we’re in a …

How American CEOs got so rich

How American CEOs got so rich

On October 24, 1929, the American stock market crashed. The New York Stock exchange is in a panic! Frantic investors have scrambled to unload their stocks Fortunes disappeared overnight, and the value of American companies tanked. But the people in charge of those companies had an idea. They started buying shares of their own company’s …

Google and Amazon are now in the oil business

Google and Amazon are now in the oil business

On Earth Day 2019, Google posted this video about the “urgency of radically addressing climate change in the next decade.” This is Kate Brandt, she used to be Obama’s chief sustainability officer. Now she works to make Google a global leader in “reducing or even eliminating our dependence on raw materials or fossil fuels.” Google’s …

Who pays the lowest taxes in the US?

Who pays the lowest taxes in the US?

This person on the left — she represents the poorest 10 percent of Americans. And on the right — he is the very richest 10 percent. So let’s ask this group a simple question: What percentage of your income gets taxed? Most Americans pay multiple income taxes … to the federal government, and state governments, …

Basic Income Explained

Basic Income Explained

Imagine a world where everyone gets cash from the government every month, no strings attached. It’s a proposal called universal basic income, or UBI for short. The idea is to provide an economic safety net for everyone, with as little bureaucracy as possible. And supporters of the policy say it could reduce poverty and decrease …

PS. In Theory: Universal Basic Income

PS. In Theory: Universal Basic Income

The threat that technological innovation will destroy more jobs than it creates has spurred a wide variety of proposals for ensuring that workers aren’t left out in the cold. One such proposal is universal basic income. The idea is simple: citizens or permanent residents receive a fixed sum of money, giving them the security and …

How a Missing Comma Cost a Company $5 Million

How a Missing Comma Cost a Company $5 Million

This video was made possible by Brilliant. Learn something new everyday for 20% off by being one of the first 200 to sign up at Brilliant.org/HAI. Welcome to Sesame Street, or whatever. Today’s lesson is that if you don’t got a good grammar, don’t be writing legal documentations because these require specificionment. Exhibit A: Title …

The 70% top tax rate, explained with potatoes

The 70% top tax rate, explained with potatoes

It all started with something Alexandria Ocasio-Cortez said on 60 Minutes. “But once you get to the tippy-tops — on your 10 millionth dollar, sometimes you see tax rates as high as 60 or 70 percent…” She suggested the top income tax rate for the super rich should be 70 percent. The current rate is …