The scarcity is technically real, but practically pointless.
Every Bitcoin represents 100,000,000 tradable assets. If there are 30,000,000 Bitcoin in circulation that means there are 100,000,000x30,000,000 individual assets available to hold and trade. Do the math, and then realize that we’ll arrive at the heat death of the universe before Bitcoin is ever actually scarce.
Based on that chart, the effective tax rate is not near 42%. It actually appears to be closer to 31-35%, which is almost exactly what the $100k person in NYC would pay.
I think the issue that most non-US citizens fail to realize or comprehend is that most people in America don't pay any tax at all. The labor participation rate is 61.5% and then half of the people that do work still don't pay any effective taxes due to all the credits and deductions. A minority of earners support the entire tax base.
...and then, of course, we frivolously waste the revenue we do generate.
Proceeds to list things that we spend and invest unnecessarily on.
We have a subway system in NYC. Run by the MTA. A bloated and incompetent organization that needs a billion dollars to extend a subway line a single mile, and will routinely spend hundreds of millions of dollars on unnecessary bridge painting and other shenanigans.
There’s a reason we don’t have nice things, and it’s not because our taxes are too low.
Taxes are already too high in NYC. A single adult in NYC with a $100k salary has an effective overall tax rate of 31.5%, and 9% of that is city and state.
Trying to raise the rates higher is insane. We have a spending problem, not an income problem.
Not to mention that the timing of this is just absurd. Everything that makes NYC great has been closed for a year. The next mayor wants people to pay more, but won’t commit to reopening the city? Why would the “rich” stay? Why would anyone stay? For the trash, and piss?
Getting to the point where we’re going to need phone, email, and SMS to be deny all by default. Can’t reach me unless you’re information is already in my contacts.
>If someone has a problem with dogs, or anything else, then they are not qualified to perform a job that requires interacting with dogs, or whatever their particular disability involves.
An allergic reaction is not just a "problem with dogs." An allergy to dog hair is no more or less important than any other disability. The law requires reasonable attempts to accommodate the individual with a service animal, and the individual with an allergy. In the case of Uber or Lyft, it seems relatively trivial (to me) to classify drivers with allergies, riders with guide dogs, and to prevent those two groups from connecting for a ride.
The real problem here is that Uber/Lyft don't want to take any action that would further blur the line between employee and contractor.
Uber lost $8.5 billion in 2019, $6.77 billion in 2020, and recently reported a $968 million loss in Q1 2021. As a company, Uber has lost around $35 billion total.
Which really begs the question of... who the heck is making money here, how, and why?