[–] -1 points 2 days ago

Prop 40 is not a good way to tax billionaires. A wealth tax is extremely messy. To institute an entirely new approach to taxation would create years of accounting and legal headaches, and only help short term.

And it's hard to overstate how shortsighted a single-time tax is.

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  • [–] 4 points 1 week ago (2 children)

    The parliamentarian does handle a lot more than just budget reconciliation (e.g. who gets to speak when), but I'm not aware of any recent controversy besides that.

    I think "the parliamentarian" is sometimes used as a synecdoche (or in ignorance) for Democrats' unwillingness to break senate procedure -- or the law -- in general.

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  • [–] 3 points 1 week ago (4 children)

    In the Senate there are a bunch of rules around what can be passed without being subject to a filibuster (effectively what can be passed with >50 votes rather than >60). The parliamentarian is basically a referee who decides which bills (and parts of bills) these rules apply to, and is appointed (not a senator).

    A common case is that the budget cannot be filibustered, so senators try to put stuff into the budget bill to get it through, and then the parliamentarian says "no, that's not a budget item".

    None of these rules are legally binding, so some get upset when Democrats abide by them.

    For additional context the current parliamentarian is Elizabeth MacDonough , appointed by Harry Reid (D) in 2012.

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  • [–] 2 points 2 weeks ago

    It doesn't say they are paying him more, just that they are structuring things in a way he can sell stock but keep his control. A relevant excerpt from Meta's investor update (bold mine):

    Meta intends to file an amended and restated certificate of incorporation in Delaware to establish the Class C [non-voting] common stock, with an effective date of January 19, 2027. The Board has also declared a one-time stock dividend of one share of Class C common stock for each outstanding share of Class A common stock and Class B common stock, contingent upon, and to be paid after, the effectiveness of the amended and restated certificate of incorporation.

    If I understand correctly, each existing share is effectively split into a voting share and a non-voting share (which the market will price, probably each at around half the original value). Google did this in 2014, and GOOGL (voting) shares are worth about 2% more than GOOG (non-voting) shares.

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  • [–] 9 points 1 month ago (2 children)

    you’re not supposed to enjoy life’s pleasures or joys “too much”

    That's a rather puritanical view. I would say the dangers of pleasure are similar to the dangers of heroin -- the problem is not enjoying it too much, but becoming single-minded in its pursuit.

    As for sin in heaven, I guess you would not want to because all of your deepest needs are met without sin.

    A common image of heaven is a bunch of saints playing harps. Nowadays this looks boring; imagine instead a giant jam session with everyone rocking out.

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