Capitalism

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Marginal Rates: For tax year 2026, the top tax rate remains 37% for individual single taxpayers with incomes greater than $640,600 ($768,700 for married couples filing jointly).

The other rates are:

35% for incomes over $256,225 ($512,450 for married couples filing jointly);
32% for incomes over $201,775 ($403,550 for married couples filing jointly);
24% for incomes over $105,700 ($211,400 for married couples filing jointly);
22% for incomes over $50,400 ($100,800 for married couples filing jointly);
12% for incomes over $12,400 ($24,800 for married couples filing jointly).

The lowest rate is 10% for incomes of single individuals with incomes of $12,400 or less ($24,800 for married couples filing jointly).

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“President Trump ratcheted up tariff and trade tensions with China on Friday. In a post on Truth Social, the president said the US would impose an additional 100% tariff on Chinese goods starting on Nov. 1, 2025.”

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“Art is not a pleasure, a solace, or an amusement; art is a great matter. But most art of the upper classes is made for luxury, and does not serve the poor in any way.”

— Leo Tolstoy, What is Art? (1897)

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Walter Benjamin: The First Theory of New Media

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donotdestroy:

“It’s all about money, not freedom, y’all, okay? Nothing to do with fuckin’ freedom. If you think you’re free, try going somewhere without fucking money, okay?”

— Bill Hicks

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MIT 15.401 Finance Theory I, Fall 2008 – Session 19: Efficient Markets II (Instructor: Andrew Lo), MIT OpenCourseWare

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Fmr. Starbucks CEO addresses ‘unfair’ moniker of ‘billionaire’

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donotdestroy:

“Nearly ½ of the world’s population — more than 3 billion people — live on less than $2.50 a day. More than 1.3 billion live in extreme poverty — less than $1.25 a day. 1 billion children worldwide are living in poverty.”

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donotdestroy:

“The middle class is like a buffer between the capitalist ruling class and the proletariat, often serving the interests of the former while believing they are defending the latter.”

— Karl Marx

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donotdestroy:

“Big fish eat little fish” is an classical proverb that indicates the predatory nature of humans and the vicious cycle of exploitation that exists in the business world; where rich and powerful people or organizations will exploit, swallow up or destroy those who are weaker, poorer and less powerful, and in turn those who are exploited, accordingly, follow the example of those who exploit them.

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donotdestroy:

“The middle class is like a buffer between the capitalist ruling class and the proletariat, often serving the interests of the former while believing they are defending the latter.”

— Karl Marx

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donotdestroy:

In a society in which nearly everybody is dominated by somebody else’s mind or by a disembodied mind, it becomes increasingly difficult to learn the truth about the activities of governments and corporations, about the quality or value of products, or about the health of one’s own place and economy.

In such a society, also, our private economies will depend less and less upon the private ownership of real, usable property, and more and more upon property that is institutional and abstract, beyond individual control, such as money, insurance policies, certificates of deposit, stocks, and shares. And as our private economies become more abstract, the mutual, free helps and pleasures of family and community life will be supplanted by a kind of displaced or placeless citizenship and by commerce with impersonal and self-interested suppliers…

Thus, although we are not slaves in name, and cannot be carried to market and sold as somebody else’s legal chattels, we are free only within narrow limits. For all our talk about liberation and personal autonomy, there are few choices that we are free to make. What would be the point, for example, if a majority of our people decided to be self-employed?

The great enemy of freedom is the alignment of political power with wealth. This alignment destroys the commonwealth – that is, the natural wealth of localities and the local economies of household, neighborhood, and community – and so destroys democracy, of which the commonwealth is the foundation and practical means.

— Wendell Berry

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