Showing posts with label Fortune. Show all posts
Showing posts with label Fortune. Show all posts

Wednesday, July 1, 2015

This could be on expensive firing!

July 01, 2015 Fortune , NBC 0 Comments
Trump Sues Univision for $500 Million 

By Tom Huddleston, Jr., Jun. 30, 2015, Fortune

Trump sued Univision for $500 million for canceling the airing of Miss USA following Trump’s derogatory remarks about Mexicans.

Billionaire real estate mogul and Republican presidential candidate Donald Trump is suing Univision for more than $500 million in New York Supreme Court after the Spanish-language network cancelled plans to air the July 12 Miss USA pageant, according to Variety.

Trump declared his candidacy for president last week with a press conference in which he derided President Barack Obama and made several disparaging comments about Mexican immigrants. Since then, various media outlets have distanced themselves from Trump. Those outlets include his former employer, Comcast’s CMCSA 3.51% NBCUniversal, which canceled plansto air Miss USA and Miss Universe — the network’s joint venture with Trump — while also opting not to invite Trump back for another season of his reality show The Celebrity Appearance.


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Friday, October 31, 2014

Gates wants consumption AND estate taxes

October 31, 2014 Bill Gates , Chris Matthews 0 Comments
Bill Gates' Solution To Income Inequality

Chris Matthews, Oct. 15, 2014, Fortune

Gates shares Piketty’s goal of spreading wealth, yet he doesn’t want to discourage the uber wealthy (like Gates) who are taking risks, investing in value-creating businesses, and helping the world through philanthropy. Gates’ solution? Shift the American tax code from one that taxes labor to one that taxes consumption. Now, this sounds like standard, right-wing economic theory. Consumption taxes are usually favored by the wealthy and by conservative economists because they tend to be regressive in nature. Since everyone—rich and poor—have to consume some amount of goods and services, and because the proportion of income spent is much higher for the poor than the rich, consumption taxes like state and local sales tax burden the poor more than the rich.

But this doesn’t necessarily have to be the case. Economists like Cornell University’s Robert Frank have long advocated for progressive consumption taxes that could do much to solve what they perceive as the ills of growing income inequality.

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