Currently, those under the cap pay about 6.2% with their employer matching. Make $2.5 million? You'll only pay about 1/3 of 1 percent on your earnings. And, come on, if the cap were lifted, those top earners would not suffer since their ability to pay is substantial.
One justification for lifting the cap is fairness. It would remedy the difference between actual cost and proportional cost. A toll road (or economy) is of greater and greater benefit to you the more you earn from it. @potus
So you should pay the value of it to you, and one measure of that value is the income you earn from it.

The contribution to the country? It would keep benefits stable, or better,index the to the actual cost of living. And it would fund SS indefinitely. @potus @vp @SpeakerPelosi

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More from @MesMitch

2 Apr
The largest beneficiary of government assistance has been Marathon Petroleum, which has got $2.1bn in tax benefits.

However, in the year to December 2020, the Ohio-based refining company laid off 1,920 workers, or around 9% of its workforce.
Phillips 66, Vistra Corp, National Oilwell Varco and Valero were the next largest beneficiaries of the tax-code changes, with all of them also laying off workers in the past year.
In the case of National Oilwell Varco, a Houston-headquartered drilling supply company, 22% of the workforce was fired, despite federal government tax assistance amounting to $591m.
Read 8 tweets
1 Apr
Turkish environmentalists say Canadian firm lying about legality of its operations in Kaz Mountains #ClimateAction…
A Turkish environmental group defending the western Kaz Mountains has said that the Canadian gold mining company was lying about the legality of its operations in the area, and that it was in fact no longer allowed to be there. #ClimateAction
The authoritarian AKP-MHP government is ideal for them. People get fined, are taken into custody and criminalized because they want to protect their environment. #ClimateAction #Canada…
Read 6 tweets
1 Apr
President Biden unveiled a $2 trillion jobs and infrastructure plan Wednesday to address some of the country’s most pressing problems, including damaged bridges, unequal broadband access, climate change and care for people with disabilities and the elderly.
The proposal seeks to replace 50,000 diesel transit vehicles and electrify at least 20 percent of the country’s yellow school bus fleet.
Biden’s proposal would invest $213 billion to build and retrofit more than 2 million homes. The plan would build and rehabilitate more than 500,000 homes for low- and middle-income home buyers and invest $40 billion to improve public housing.
Read 19 tweets
30 Mar
Arsa İBB tarafından yıllardır park olarak kullanılıyor. İlana göre, Mahmut Bedrettin Vakfı’ndan icareliymiş. Dava sonunda mülkiyet aynı vakfa geçecek büyük ihtimalle.
Ortada yasadışı durum yok; biraz tarayınca son yıllarda benzer pek çok gaiplik davası ve mülhak vakıflar adına mülk tescilini içeren ilanlara rastlanıyor.
Read 16 tweets
30 Mar
Dimitriyades’e ait arsa iki önemli projenin ortasında yer alıyor. Bir yanında Doğuş Grubu’nun inşa ettiği meşhur Galataport, diğer ucunda kıyı boyunca 650 metre uzanan Kabataş projesi var. Nasıl bir yer olduğuna şu fotoğraf ve haritadan bakalı…
Beyoğlu, Istanbul is one of the places where we will find a magnificent harmony of neoliberal and neo-Ottoman destruction. Naturally, it is necessary to trace the capital.
Galataport dışında milyar dolarlık 5 proje devam ediyor. Çalık Holding’in Tarlabaşı’ndaki Taksim 360 projesi en eskisi. Diğerleri Polat Holding’in yürüttüğü Piyalepaşa dönüşümü, Ege Yapı’nın Haliç kıyısındaki 14 bin metrekare alanı kapsayan kompleksi, Polimeks
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30 Mar
Jackson, often mentioned as someone who could become the first Black woman on the Supreme Court, is among Biden’s 11 nominations that include three Black women for appeals court vacancies and the first Muslim American to serve on a District Court
“This trailblazing slate of nominees draws from the very best and brightest minds of the American legal profession,” Biden said in a statement. “Each is deeply qualified and prepared to deliver justice faithfully under our Constitution and impartially to the American people
Candace Jackson-Akiwumi, a former longtime federal public defender and current litigator in Washington for the Chicago-based 7th Circuit; and Tiffany Cunningham, an intellectual-property lawyer in Chicago, for a spot on the Federal Circuit in Washington
Read 14 tweets

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