Chinese authorities are demanding wealthy individuals and companies double-check their taxes for unpaid liabilities in a move that threatens to further dent investor confidence in the world’s second-largest economy.

If rich people can’t pay taxes, they shouldn’t be investing.

“China’s fiscal deficits have reached a tipping point,” said Gary Ng, a senior economist at Natixis. “There is more urgency to find alternative revenue sources . . . and taxing the wealthy and some companies creates a less direct economic impact on most residents.”

Economists should be sent to Mars tbh

It’s this

https://www.openal.org/downloads/oalinst.zip

OpenAL

i know i’m being a but i despise the term ‘taxpayer funds’/‘taxpayer money’. besides being completely wrong in nearly all cases, it places taxes above the people, above labor.

‘American taxpayer is paying for the genocide in Gaza’. No, every person/entity using U.S. Dollars is paying for it. Even foreign countries are indirectly paying for it.

if you want the mainstream perspective look up ‘quantity theory of money’. from that it follows, less spending means less money and less inflation. so, spending rules reduce inflation by constraining the Government (but not commercial bank lending).

it can be true (sometimes), if you leave the economy with massive unemployment due to insufficient spending so that people don’t have money, it slows down and eventually shrinks but hey atleast there is ze price stabilité.

if you want non-mainstream macroecon books, these two ones I have read and can recommend. 1 2

The profits being made on those assets aren’t being kept for Russia to use in the future. They’re now being used to fund Ukraine

Rachel, Where do “profits” on these assets come from? These aren’t corporate bonds but Government bonds. The Governments (US, UK and others) are paying the defence contractors using public money.

If there were no Russian foreign reserves being stolen, would the west not have sent weapons to Ukraine? Of course not! The weapons manufacturers have to make profits, it would come out of a different Government account.

They are making excuses to make it look like the public isn’t paying for it.

🦙Nooo

Nearly drowned once falling into a lake and not knowing how to swim. I didn’t think about death, it was more “how do I get out”. Luckily someone else got my hand.

Its an ancient argument and your answer is correct.

There is no cock check at restroom doors anyone can enter.

France’s public-sector deficit is projected to reach around 5.6% of GDP this year and go over 6% in 2025. The EU has a 3% limit on deficits.

oh no, not even Germany follows that deficit limit, its literally a number they pulled out of their asses to fuck up welfare systems. fucking BBC

Oh no not the Putler. Will US sanction Israel then?

Many sites also waive it for seeding torrents 24/7.

And with HD torrents it’s like once every 30 days

Even if you seed they’ll email you after some time asking you to login to the site. Really stupid.

I love crime.

Besides, I don’t like phone motherboards turning into ewaste.

L tbh, if the thieves steal my phone I would rather them be able to have someone else use it than throw it away. hopefully they find a way around.

atleast they can still break it down for parts.

I hate ycombinator but here:

https://news.ycombinator.com/item?id=36873927

That video is the kind of shit Hindutva fascists would come up with.

Copium

Still a pretty good deal

It’s nice and all but none of the benefits are going to Indian people.

The Indian oil corps (state owned or otherwise) resell it to other countries or sell it domestically at a markup over INTERNATIONAL prices. And the Government adds a tax on top, just pure brilliance.

Capitalists demand “fiscal prudence” so instead of raising taxes on the rich, they squeeze more purchasing power out of the poor. Really stupid.