Footnote 91, page 584, from Decoded by Jay-Z
>JAY-Z, supra note 3, at 61 (“In this verse, the bitch is a female dog, the K-9 cop coming to sniff the ride.”); Id. at 56 (“At no point in the song am I talking about a girl.”).
On a side note, this is a fairly interesting read.
Capital gains taxes give the US government ~$100 billion/year . The total wealth of the top 1% is around 17 trillion . 100 billion/17000 billion = 0.006. This means ALL capital gains tax revenue could be replaced by a 0.6% tax on net worth.
.... but ... what? and why?
People, for the most part, aren't taxed on how much they have but only on they much they make. But the point of an economy is to get people to work productively: buying a house for $100k, fixing it up, and then selling it for $200k adds $100k to the value of the whole US. There would normally be at least $15k in taxes paid on a $100k increase in the value of capital (the house), since the capital gains tax rate is 15%.
The thing is, once people get rich it makes more and more sense to hold on to their status by not risking their money. But riskier investments (e.g. in new businesses or products) are better for the economy, because they create more jobs and value.
So why not replace those capital gains t... keep reading on reddit ➡
Not even joking. According to a text a professor gave me, the rich and cultured would bare ass and beef in their competitor's face. There were even referees. So awesome.
Here's the page it comes from out of the text:
The footnote cites it as being:
Beurdly et. al., Erotic Art of Japan pp. 17, 19
He wrote the majority opinions on landmark cases such as Marbury v. Madison, McCulloch v. Maryland, Johnson v. M'Intosh.
Footnote from text: John Marshal (1755-1835), the fourth Chief Justice of the United States (from 1801-1835), is one of the greatest figures in the constitutional history of the United States. Marshall had little formal education (and only six weeks of formal legal training!) but had a remarkable mind and character.
Edit: Text is "Property" by Dukeminer, Krier, Alexander, Schill