Happenings around the old Anglo empire: taxes, labor, capital, and death:
Trump’s Tariffs Would Cost Trillions—And We Learned This A Century Ago – Forbes
“Tariffs are, quite simply, regressive. This means they disproportionately harm lower-income households – and it isn’t hard to see why. Tariffs increase the price of goods uniformly, with no mechanism to adjust based on the income of the purchaser. If the government imposes a 20% tariff on imported electronics, that 20% price hike will affect a low-income family in the same way it affects a wealthy family in terms of dollar cost at the register.
“To put simple numbers to the concept, imagine a laptop that would be priced at $1,000 that now has a 20% tariff and costs $1,200 out the door. The tariff, effectively a tax on the laptop purchase, is $200 regardless of who the purchaser is. If a college student making $10,000 per year purchases the laptop, the tariff will constitute 2% of their income—for someone making $100,000 per year, the tariff would only be 0.2%. This is the functional equivalent of taxing the latter at a rate one-tenth that of the former—a regressive tax.”
Ireland election: its economic model under threat? – Michael Roberts
“In the 21st century, Ireland became a huge tax haven for high wealth individuals, hedge funds and above all, American multinationals. Ireland remains a leading location for US foreign direct investment (FDI). Some 970 American firms employ more than 210,000 people directly, with a further 168,000 jobs supported indirectly in the supply of products and services.”
What you need to know about your mail during the Canada Post strike – CBC
How the Canada Post strike impacts Canadians – Ottawa Citizen
Death with Dignity: U.S. Legislative Status State Map
Tears, hope and fear as assisted dying bill passed – BBC