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Pope Slams Elon Musk for Obscene Greed

futurism.com Unknown 2025-09-22 11:16:50

In the months following the 2025 conclave that elected him, Pope Leo XIV warned that the astronomical and still widening gap between the rich and the poor means that "we're in big trouble." In remarks to Catholic newspaper Crux in July, which were published over the weekend, the Pope reflected on the "continuously wider gap between the income levels of the working class and the money that the wealthiest receive." "Yesterday [there was] the news that Elon Musk is going to be the first trilliona

Topics: gap income new pope years
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“No Tax on Tips” Includes Digital Creators, Too

news.ycombinator.com Alex Weprin 2025-09-29 20:26:07

President Trump’s One Big Beautiful Bill Act may have quietly changed the economics of the creator economy. The U.S. Treasury Department this past week released a list of occupations “that customarily and regularly received tips” and thus will be eligible for the administration’s flagship “no tax on tips” policy, which will let eligible taxpayers deduct their tipped income, within certain limits. And while the list includes the obvious (bartenders, food servers, casino dealers and housekeepers

Topics: creators eligible income podcasters tips
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"No Tax on Tips" Includes Digital Creators, Too

news.ycombinator.com Alex Weprin 2025-10-01 12:26:07

President Trump’s One Big Beautiful Bill Act may have quietly changed the economics of the creator economy. The U.S. Treasury Department this past week released a list of occupations “that customarily and regularly received tips” and thus will be eligible for the administration’s flagship “no tax on tips” policy, which will let eligible taxpayers deduct their tipped income, within certain limits. And while the list includes the obvious (bartenders, food servers, casino dealers and housekeepers

Topics: creators eligible income podcasters tips
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Alibaba shares surge as AI boom drives cloud unit sales

cnbc.com Arjun Kharpal 2025-10-18 14:30:42

Alibaba posted a better-than-expected bottom line in the June quarter on Friday, fueled by accelerated sales at its cloud computing unit and a continued revival of its e-commerce business, sending shares higher. Still, the Chinese giant's revenues came in under analyst forecasts. U.S.-listed shares of the Chinese giant had gained nearly 13% on Friday after the company announced results. On Monday, Alibaba's Hong Kong-listed shares surged more than 19% before paring some gains. Here's how Al

Topics: alibaba billion commerce income year
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Income Equality in Nordic Countries: Myths, Facts, and Lessons

news.ycombinator.com Mogstad 2025-10-19 04:03:33

Abstract Policymakers, public commentators, and researchers often cite the Nordic countries as examples of a socioeconomic model that combines low income inequality with prosperity and growth. This article critically assesses that claim by integrating theoretical perspectives and empirical evidence to explain how the Nordic model functions and why these countries experience low inequality. Our analysis suggests that income equality in the Nordics is largely driven by a significant compression of

Topics: countries equality income inequality nordic
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Giving people money helped less than I thought it would

news.ycombinator.com Kelsey Piper 2025-11-06 23:13:15

U.S. singer Eartha Kitt is seen at the end of the Poor People March, on June 19, 1968, in Washington, D.C. (Photo by ARNOLD SACHS/AFP via Getty Images) Just give people money. It's the simple, brute-force solution to so many problems. In low-income countries, charities are sometimes measured against whether their interventions are better than simply giving people cash. Even in high-income countries like the U.S., when disaster strikes, often the best thing you can do is get money into the hands

Topics: cash income money people study
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A new poverty line shifted the World Bank's poverty data. What changed and why?

news.ycombinator.com Joe Hasell 2025-11-12 05:03:31

$3 a day: A new poverty line has shifted the World Bank’s data on extreme poverty. What changed, and why? In June 2025, the World Bank increased its extreme poverty estimates by 125 million people. This doesn’t mean the world has gotten poorer: it reflects a new, higher International Poverty Line of $3 a day, up from $2.15. To track progress towards ending extreme poverty by 2030, the United Nations relies on the World Bank to estimate the share of people living below a certain threshold, calle

Topics: data incomes international poverty world
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Low-Income Internet Guide for All 50 States

cnet.com See Full Bio 2026-01-04 02:00:00

A recent CNET survey found that 63% of Americans paid more for home internet last year than the previous year. In addition, the Affordable Connectivity Program came to a halt in 2024, leaving 23 million households without a suitable alternative to low-income internet accessibility. Many households were in rural areas with limited internet options, and nearly half were military families. In the wake of the loss of the ACP, many internet service providers, including CenturyLink, Google Fiber and

Topics: income internet low month program
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People kept working, became healthier while on basic income: report

news.ycombinator.com Unknown 2026-01-07 05:53:09

Participants in Ontario's prematurely cancelled basic income pilot project were happier, healthier and continued working even though they were receiving money with no-strings attached. That's according to a new report titled Southern Ontario's Basic Income Experience, which was compiled by researchers at McMaster and Ryerson University, in partnership with the Hamilton Roundtable for Poverty Reduction. The report shows nearly three-quarters of respondents who were working when the pilot projec

Topics: basic cent income people said
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Just How Many More Successful UBI Trials Do We Need?

news.ycombinator.com Katie Jgln 2026-03-10 02:13:58

Just How Many More Successful UBI Trials Do We Need? Another major experiment, another set of predictable results Katie Jgln Follow 10 min read · May 27, 2025 -- 41 Share Image licensed from Shutterstock To some, the idea of a guaranteed, unconditional monthly check from the government to cover basic needs is the pinnacle of socialist evil. And the first stop on the express train to the collapse of civilisation as we know it. Take away the sacred struggle to survive, the logic goes, and soci

Topics: basic day idea income ubi
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