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mathiasben

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It's the concentration of wealth causing this as the economy is being bled dry. the fix is to restore the progressive tax code, income in excess of $5M/yr taxed at 99%. not rocket science, but nearly impossible because politics, so get used to being poor America. currently half of jobs in usa pay less than $18/hr. only going to get worse unless the root cause is addressed.

Certainly during the biggest period of US wage growth ushered in by the Internal Revenue Act of 1954. Income in excess of $400K/yr taxed at 90% ensured that businesses invested as management and shareholders weren't permitted to capture earnings.

I'm convinced it's the changes in the tax laws at the root cause of this. When income over $400k/yr (5 mil in todays money) was taxed at 90% there wasn't the incentive to screw over retirees. The "bizarre just-after-WW2 period" wasn't some fluke it was the result of purposely crafted policies.

these failing pensions are largely due to mismanagement, properly managed these retirement vehicles work as intended. unfortunately in the current climate a large company or even a state government can't resist the temptation to use a massive pension fund for something other than it's intended purpose. One lean quarter and they start eyeing up the 7 billion sitting in the pension fund. I read a book a couple years back that changed my thinking on pensions, before I was of the mind that they never worked, were a massive Ponzi scheme, stealing from young workers, etc... no, pensions work provided they are left alone. http://www.retirementheist.com/

What activity would generate the tracks in the middle of the ocean? As I understand Strava whenever I switch it on it tracks my activity at that moment until I switch it off. Looking at the heat maps I get the impression that there is always on data being tracked in addition to those that are intending to track a specific activity. Do fitbit worn 24/7 submit data constantly to strava?

that was my assumption as well, but examining the heat map data leads me to believe that certain always on devices are contributing data, are fit-bits constantly supplying coordinates? for instance, zoom in on the white house lawn. also look at the tracks between ascension island and Saint Helena in the Atlantic, it sure looks like cruising sailors are leaving tracks as they transit ports. I found others that clearly looked like people in tropical harbors near resorts zooming back and forth on what maybe are jet skis. that type of activity doesn't mesh with how I understand and use Strava, when I switch it on just for a run or cycle and then off after being done. I think there's some source of always on data being placed onto the heat map.

needs to have a fourth bracket where income over $10mil/yr is taxed at 91% with exemptions available for investing in R&D or providing seed capital that results in job creation. Why is this been described as the biggest overhaul in decades when it's clearly a mild reorganization of the rates and deductions?