Tag: Investment

This week on JobMakers, host Denzil Mohammed talks with Yuliya Tarasava, immigrant from Belarus and cofounder and chief operating officer at CNote, a platform that helps facilitate investment in financially underserved communities across America. In just six years, CNote has helped create or maintain more than 4,000 jobs in disadvantaged communities, invested more than 50 percent of capital into small businesses owned by Black, Indigenous and people of color (BIPOC), and invested more than 40 percent of capital into women-led small businesses, eight times the national average. Yuliya believes everybody deserves a chance at success, and dismantling the systemic barriers to such success is what she and her business are all about, as you’ll learn in this week’s JobMakers. 

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I have a little “play money” Roth IRA at a discount broker which used to be ShareBuilder but has been bought and sold a bunch of times.  It is now Capital One Investments, and I was notified earlier this year that my account has been sold, yet again, and by September will be transferred to […]

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Jim Geraghty of National Review and Greg Corombos of Radio America welcome comments from Bank of America Chief Executive Brian Moynihan suggesting the recent tax bill will trigger “massive new investment” in the United States, likely leading to economic growth and more jobs.  They also skewer a plan from two state Democratic lawmakers in California who are pushing a ten percent tax hike on businesses making more than a million dollars to help offset the alleged damage the federal tax plan is doing to the middle class.  They also unload on Pennsylvania Rep. Patrick Meehan, a married Republican lawmaker who used taxpayer dollars to settle a dispute with a female staffer he allegedly made romantic advances towards.  Meehan pathetically insists it was not a romantic overture, just that they were soulmates.

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A friend recently dipped his toes into Patreon, an online resource of “recurring funding for artists and creators”, in hope of diversifying his sources of income. Best I can tell, Patreon is akin to the more popular Kickstarter service but focuses on recurring patronage as opposed to crowdfunding of particular projects.  And who do I see […]

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Only in America

 

American-Flag-in-the-SunI’m overwhelmed by your support for my book proposal. And it’s not just personal gratitude. It’s also hope for my profession. I now really think reader-sponsorship and investment could  be the future of journalism. This model could work so well that we might even be on the verge of entering a new golden age of reporting.

And this has reminded me all over again that for all our (justified) concern, America is such a remarkable and exceptional country. My brother and I were watching the “amount raised” counter on GoFundMe go up and up. Our conversation on Skype says it all — he said just what I’ve been thinking:

Claire Berlinski: It means so much to me.
Mischa Berlinski: I think it’s so amazing.
Claire Berlinski: I hope I can write a book that lives up to everyone’s confidence.
Mischa Berlinski: You know, America is really generous. This wouldn’t happen anywhere else.
Claire Berlinski: I was just thinking that exactly. Exactly. This is really what makes America different from any other country.
Mischa Berlinski: Although … I have the Italian gofundme site up, and there are lots of well-funded Italian projects too.
Claire Berlinski: But Italians wouldn’t think to build a site like GoFundMe. Do you realize what a successful company they’ve become because they began with the assumption that it’s just human nature to be giving and generous? They built a whole company around it.
Mischa Berlinski: Every single person on this page has such an American happy smile.
Mischa Berlinski: They look as if they see the very best in people every day.
Claire Berlinski: They also answered my questions within five minutes, as promised. Great customer support.
Mischa Berlinski: They have twenty-five people whose job title is “Customer Happiness.” And someone whose job is entitled, “Happiness Lead.” As well as a VP of Customer Happiness …

Hillary and Bernie Both Want to Raise Investment Taxes Dramatically

 

usa-election-democratsI thought a goal of smart tax policy was that you raised taxes on what you didn’t want (like pollution) and cut them on what you did want (like more investment and work). Over at Forbes, Ryan Ellis notes that Hillary Clinton and Bernie Sanders are proposing the highest capital gains tax rates in history, 47.4% for Clinton and 60% for Sanders vs. 23.8% today.

In the case of Clinton, according to Ellis, the math is a top headline rate of 39.6% + the 3.8% Obama “net investment income tax” + a new 4% high-income surtax. (By the way, the top capital gains tax rate was 20% when Bill Clinton left office and 15% under President George W. Bush.)

Now as it happens, the Tax Foundation just released its analysis of the Clinton plan, summarized thusly:

Is Hillary Clinton Really Going to Cut Capital Gains Taxes for the Rich?

 

shutterstock_287370881Following through on her economic speech last week, Hillary Clinton is going to propose changing capital gains tax rates to deal with corporate “short-termism.” The Wall Street Journal has the details:

Hillary Clinton will propose a revamp of capital-gains taxes that would hit some short-term investors with higher rates, part of a package of measures designed to prod companies to put more emphasis on long-term growth, a campaign official said. … At the center is Mrs. Clinton’s proposal to change capital-gains tax rates, the details of which are being finalized. The Democratic presidential candidate’s plan would create a sliding scale with at least three new rates that change depending on how long an investment is held, the official said.

Investments held for less than a year would continue to be taxed at regular income-tax rates, which can top out at 39.6% or more for the highest earners. For those held just a little longer—likely two or three years—the current capital-gains tax rate of 23.8% for top earners would rise. The Clinton rate, which hasn’t been finalized, would be higher than the 28% President Barack Obama proposed earlier this year for the highest earners. The Clinton campaign hasn’t ruled out taxing such investments at the regular income-tax rate. The plan would include additional rates tied to the length that an investment is held, with the lowest rates for investments held the longest.

Hillary Clinton Has a Smart Idea to Fix the Economy. Republicans Should Steal It

 

Hillary_Strategy_Shutterstock_500x293Bad news for Republican presidential candidates searching for a fresh message beyond moldy Reagan nostalgia and tired anti-Obamaism: Hillary Clinton just stole a potentially powerful theme right from under them.

In her economic policy speech Monday at the New School in Manhattan, Clinton said Corporate America deserves some of the blame for the weak and uneven economic recovery. Big business, she said, suffers from “short-termism” and too often practices “quarterly capitalism” where “everything is focused on the next earnings report or the short-term share price, and the result is too little attention on the sources of long-term growth: research and development, physical capital and talent.”

Now, it’s surely tempting for Republicans to view Clinton’s critique as just another Democratic attack on “job creators,” or as campaign strategery from a centrist Democratic candidate looking to ward off a more liberal rival. But there’s more to it than that, and the GOP should pay attention.