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Many who repatriate are lured by a vibrant startup scene in India that is drawing unprecedented capital from venture and private equity firms and is buoyed by an effervescent market for stocks. But they are also disenchanted with what they perceive as America’s bleak and hopeless immigration landscape, where the wait times for green cards are tortuously long, and the limits on launching startups for newcomers are highly restrictive.
https://www.theinformation.com/articles/the-great-immigrant-resignation-fed-up-indian-tech-workers-ditch-the-american-dream
An oldie but a goodie
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No. Absolute levels matter more. If my income increases 20% and my rich client's goes up by 40% I am better off and don't care about increased 'inequality'. This is not a zero sum game.
Agree with FA2. Besides it's unethical to tax someone just because they're more successful. All that will happen is it will decrease incentives to excel.
Yes and yes, unfortunately
It�s not a question of belief, it�s fact that the rich/poor disparity has grown astronomically in the last couple of decades. Haven�t you seen the elephant chart?
Wealth inequality is as severe as people say but it doesn't follow that it's as big of a problem as people say. The bottom 1% is way way way better off today than they were 30 years ago and probably better off than the top 5% in lots of other countries right now. A wealth tax would obviously reduce wealth inequality, but itd be flagrantly unconstitutional among other things.
Yes it's bad, for all you people who live in or around NYC drive out to any city that classifies as part of the rust belt and see how people live Day to day...it's not the same world we live in...appreciate what you have and find ways to give back
I was in college when this whole 1% vs the world thing came out and occupy Wall Street. I decided at the time yeah the occupiers are right the 1% are getting richer and richer. I also decided if you can't beat em join em. So I became an fa
Consumption tax is a better long term solution than wealth tax but can lead to a recession to begin with
Wealth inequality only grew in the US because the upside for labor was enjoyed by workers overseas. It's a function of the increased supply of labor due to the end of the Cold War, Globalization, advances in transportation and telecom / internet. You should compare capital income with change in GDP per capita in China, not labor income in the US
Is the middle class shrinking or was there never enough of them? Question for everyone