fukhueson
@fukhueson@lemmy.world
- Southern policymakers leave workers with lower wages and a fraying safety net: Rooted in Racism and Economic Exploitation: Part Threewww.epi.org ↗Submitted 4 months ago to economics@lemmy.world | 4 comments
- Comment on Taxing Very High-Value Home Sales Is an Equitable and Effective Strategy to Raise Revenue and Fund Affordable Housing 4 months ago:
Whatever it costs, old or new, is what they’re talking about. It doesn’t take into account whether you think your house should be valued where it is. This isn’t a valid criticism of the article.
- Comment on Taxing Very High-Value Home Sales Is an Equitable and Effective Strategy to Raise Revenue and Fund Affordable Housing 4 months ago:
And what echelon of sale price do they fall under?
- Comment on Taxing Very High-Value Home Sales Is an Equitable and Effective Strategy to Raise Revenue and Fund Affordable Housing 4 months ago:
Mansion Taxes Could Generate Billions Nationally Each Year
States with existing mansion taxes should increase their rates on the highest-value homes. States without these taxes should enact them, with rates that get progressively higher as the value of the house goes higher. If every state enacted progressive transfer taxes on high-value homes, billions of dollars could be generated for state budgets across the country. Taxing the top 10 percent, 5 percent, and 1 percent of home sales in every state could generate a total of $8.7 billion annually.[23] (See Figure 3.)
To give a state-specific example, consider a hypothetical proposal that adds a progressive marginal tax to sales of the top 10, 5, and 1 percent of homes in Virginia (meaning homes sold at or above $900,000, $1.1 million, and $1.9 million, respectively.) Applying a marginal tax rate of 2 percent, 3 percent, and 4 percent to each of those thresholds would generate an estimated $128 million annually. If this funding were earmarked for the state’s Affordable Housing Trust Fund, which has received just $18 million since fiscal year 2018, it could increase investment in that fund tenfold in just a single year.[24] Further, since a real estate transfer tax would create an ongoing revenue source, it could be used to fund housing initiatives like rental and operating subsidies that are difficult to finance with one-time state investments.
By the article’s explanation, the top 10, 5, and 1 percent are not introductory price levels. These are high-value homes, not starter homes.
- Taxing Very High-Value Home Sales Is an Equitable and Effective Strategy to Raise Revenue and Fund Affordable Housingwww.cbpp.org ↗Submitted 4 months ago to economics@lemmy.world | 8 comments
- Submitted 4 months ago to economics@lemmy.world | 0 comments
- Comment on Structural problems with tech platforms prevent fact-checkers from focusing on harm and virality 4 months ago:
poynter.org/…/who-fact-checks-the-fact-checkers-r…
“‘Fact-checking’ fact checkers: A data-driven approach,” a 22-page October research article from the Harvard Kennedy School Misinformation Review, examined practices of U.S. fact-checking organizations Snopes, PolitiFact and Logically, along with The Australian Associated Press.
Sian Lee, Aiping Xiong, Harseung Seo and Dongwon Lee of Penn State University’s College of Information Sciences and Technology did the peer-reviewed research.
The Penn State researchers found U.S. fact-checking spikes during major news events. In recent years, that was during the COVID-19 pandemic and the 2020 presidential election. Further, the researchers said, misinformation’s spread can mislead and harm people and society.
The researchers examined 11,639 fact-checking articles from Snopes and 10,710 from PolitiFact from Jan. 1, 2016, to Aug. 31, 2022. They found Snopes checked more “real claims” — claims that rate true or mostly true — with 28.7% versus 11% for PolitiFact.
Looking widely, the researchers found high agreement when Snopes and PolitiFact probed the same information. Of 749 matching claims (examining the same information), 521 received identical ratings and 228 (30.4%) had diverging ratings. But, the researchers found nuances caused nearly all of these divergent verdicts — granularity of ratings (Snopes and PolitiFact scales differ slightly); differences in focus; differences in fact-checked information and the different timing of the fact-checks.
Adjusting for these systematic discrepancies, Penn State’s researchers found just one conflicting rating among the 749 matching claims.
- Structural problems with tech platforms prevent fact-checkers from focusing on harm and viralitywww.poynter.org ↗Submitted 4 months ago to technology@lemmy.world | 3 comments
- Submitted 4 months ago to economics@lemmy.world | 6 comments
- Submitted 5 months ago to economics@lemmy.world | 0 comments
- Submitted 6 months ago to economics@lemmy.world | 2 comments
- Comment on Has pay kept up with inflation? 6 months ago:
We find that all four measures of typical and aggregate pay, adjusted by PCE, have grown since 2019. When deflating using CPI, we find smaller increases across three of the four measures and a decline in one measure. In other words, nominal pay by these measures has done relatively well in keeping up with overall costs of living since 2019, measured by PCE. Nominal pay has done somewhat less well in keeping up with increases in the costs of goods and services that are much more salient to consumers, measured by CPI. This pattern is consistent across time periods, with pay deflated by CPI experiencing smaller increases—or instead decreases—relative to pay deflated using PCE.
Further, using PCE inflation, there have been gains in real pay across measures relative to the fourth quarter of 2021. Since the fourth quarter of 2022, deflating by either inflation measure shows gains in real pay. Finally, since the fourth quarter of 2023, real pay grew as measured by Average Hourly Earnings, the Employment Cost Index (ECI), and Total Compensation as reported in the National Income and Product Accounts. Real pay as measured by Median Weekly Earnings fell sharply, reversing an almost equally sharp increase in the previous quarter.
- Submitted 6 months ago to economics@lemmy.world | 5 comments
- Submitted 7 months ago to technology@lemmy.world | 0 comments
- Submitted 7 months ago to economics@lemmy.world | 2 comments
- Hollywood writers went on strike to protect their livelihoods from generative AI. Their remarkable victory matters for all workers.www.brookings.edu ↗Submitted 7 months ago to technology@lemmy.world | 20 comments
- Closing the Black employer gap: Insights from the latest data on Black-owned businesseswww.brookings.edu ↗Submitted 8 months ago to economics@lemmy.world | 1 comment
- Submitted 9 months ago to technology@lemmy.world | 2 comments
- Submitted 10 months ago to technology@lemmy.world | 12 comments