Israel settlements rebuked • Africa buys Covid vaccines • Billionaire tax proposal • Commercial space station • Climate pledge shortcomings •
| | 27 OCT 2021 | Facts, not fear. | | | TRENDING TOPICS
Billionaire tax proposal • Israel settlements rebuked • Africa buys Covid vaccines • Commercial space station • Climate pledge shortcomings | | FEATURED UNDER-REPORTED STORIES
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TRENDING TOPICS, MOST CREDIBLE STORIES | | #1 in U.S. News • 34 articles How would the Democrats' proposed 'billionaire tax' work? |  | |
Highly-rated - last 48 hrs
What is a "billionaire's tax," and how would it work?
CBS News (Moderate Left) • Factual Grade 85% • 5 min read
Democrats are considering a new tax on billionaires that would help fund their proposed $3.2 trillion social spending package. The proposal would only impact taxpayers with more than $1 billion in assets, or those with incomes of more than $100 million for three consecutive years.
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A key change under the plan is that tradable assets, such as stocks, would be valued annually. Billionaires would be taxed on their gains whether they have sold the asset or not. Under current law, a gain is only taxed if it is "realized" — when its owner sells the asset and books the profit. [This proposal is not the same as a wealth tax] because this tax would be levied on annual gains, instead of a person's entire wealth.
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On Twitter, Tesla founder Elon Musk — the world's richest person, with an estimated wealth of $288 billion — warned that the tax could be expanded to hit additional taxpayers. Senate Republican leader Mitch McConnell called it a "harebrained scheme" and warned of revenue drying up during downturns.
- Different political viewpoint
Democrats' proposed 'billionaire tax' is definitely a wealth tax, and it may be unconstitutional.
Reason (Moderate Right) • Factual Grade 69% • 3 min read - Selected long-read
It's all about spending, stupid. How the Dems blew their moment by obsessing over taxes. [Free read link]
Time Magazine (Moderate Left) • Factual Grade 79% • 5 min read
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| | TODAY'S POLL Do you support the proposed "billionaire's tax?" All votes are anonymous. This poll closes at: 9:00 PDT
| | YESTERDAY'S POLL Should police officers be required to get vaccinated against Covid-19? 661 votes, 82 comments Context: Florida governor gives relocation bonuses to officers as some refuse covid vaccination mandate. HIGHLIGHTED COMMENTS " Yes - Officers have the right to force you into close physical contact with them, to enter your home, and to detain you for extended periods in small closed spaces with them. Officers with those rights should be required to vaccinate themselves against a potentially deadly disease that spreads best in just those circumstances. Further, an unvaccinated police force could be decimated by an outbreak, making officer vaccination crucial for public safety." " No - Police Officers, Firefighters and EMTs all worked without being vaccinated during the height of the..." " Unsure - Generally speaking I would think most employers would want to require the vaccine from a pure cost-benefit..." | | | #2 in U.S. News • 11 articles Why is the U.S. rebuking Israel's West Bank settlement plans? | 
Israel invited bids for the construction of 1,355 housing units in Jewish settlements in the West Bank on Sunday, the first time housing units in West Bank settlements have been promo...
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| | #1 in World News • 13 articles When will Covid-19 vaccines be more widely available in Africa? |
The Moderna purchase is the second time that the African Union has agreed with a pharmaceutical company to buy Covid-19 vaccines. It reached a deal in March with Johns...
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| | #1 in Business News • 21 articles What are the details of a future commercial space station? |
The company claims that Orbital Reef will be a "mixed-use business park" in space that will have multiple ports and berths for visiting spacecraft and modules, along wi...
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| | #1 in Science News • 67 articles What does a recent UN report reveal about climate change pledges? |
In the run-up to a major U.N. climate summit next week, a number of governments have updated their pledges under the Paris climate agreement to do more to...
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