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Steve Prulhiere

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rahulsinghseo

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Elizabeth Merritt

Biden 'Billionaire' Tax Proposal Could Spur Changes in How the Wealthiest Give - 0 views

  • The change also could trigger a short-term burst of giving by donors who benefit from today’s tax rules and want to take advantage of them before the changes take effect
  • Another way the proposal could spur more giving is that is that some wealthy people might want to give enough away to stay under the $100 million annual threshold,
  • people would be less likely to hold on to their assets if they have to pay taxes every year on the increase in value.
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  • he wealthiest people often have extremely complicated, long-standing financial arrangements, including philanthropic planning that could negate any benefits for donating more under a billionaire’s tax.
  • Owens also noted that current tax law caps charitable deductions at 60 percent of adjusted gross income. If that provision remains in effect, wealthy people who hit that cap even before a billionaire tax is imposed may see no tax benefit from additional giving,
  • Economists who study taxes on the ultra wealthy say they think people overestimate the impact of new taxes on charitable giving.
  • “Sometimes people get the false impression that philanthropy actually is a roundabout way to save money on taxes that exceeds the cost of the gift, and that just isn’t true,” says Duquette. “If you give your money away, then even if you do get some tax benefits, you still have less wealth than you did when you started, so that’s not really a reason why philanthropists do philanthropy.”
Elizabeth Merritt

Natural disasters can take a real toll on mental health - Futurity - 0 views

  • individuals who have been repeatedly exposed to major disasters show a reduction in mental health scores
  • many communities that reside along the Gulf Coast are at the nexus of exposures from natural and anthropogenic, or human-caused, hazards,
  • a composite score for both mental (MCS) and physical (PCS) health
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  • when individuals experienced two or more events over the past five years, their MCS averages fell below the expected national levels.
Elizabeth Merritt

Imagine another American Civil War, but this time in every state : NPR - 0 views

  • "We already are seeing 'border war' with individual states passing major legislation that differs considerably from that in other places," says Darrell West, director of governance studies at the Brookings Institution, and William Gale, a Brookings senior fellow in economic studies,
  • When and if the issue turns to violent confrontations between local citizens and federal officers, or between contentious groups of citizens, the clash might well take place far closer to home
  • America has an extraordinary number of guns and private militias," they write. How many? They cite the National Shooting Sports Foundation's estimate of 434 million firearms in civilian possession in the U.S. right now. That would be 1.3 guns per person.
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  • But the most meaningful geographic separation in our society is no longer as tidy as North and South, or East and West. It is the familiar divide between urban and rural, or to update that a bit: metro versus non-metro.
  • for now we're less a nation divided into 50 states than we are two nations that are both present in each of those states.
Elizabeth Merritt

Majority of U.S. Workers Changing Jobs Are Seeing Real Wage Gains | Pew Research Center - 0 views

  • From April 2021 to March 2022, a period in which quit rates reached post-pandemic highs, the majority of workers switching jobs (60%) saw an increase in their real earnings over the same month the previous year.
  • 2.5% of workers – about 4 million – switched jobs on average each month from January to March 2022. This share translates into an annual turnover of 30% of workers – nearly 50 million – if it is assumed that no workers change jobs more than once a year. It is higher than in 2021, when 2.3% of workers switched employers each month, on average. About a third (34%) of workers who left a job from January to March 2022 – either voluntarily or involuntarily – were with a new employer the following month.
  • rom April 2020 to March 2021, some 51% of job switchers saw an increase in real earnings over the same months the previous year. On the other hand, among workers who did not change employers, the share reporting an increase in real earnings decreased from 54% over the 2020-21 period to 47% over the 2021-22 period. Put another way, the median worker who changed employers saw real gains in earnings in both periods, while the median worker who stayed in place saw a loss during the April 2021 to March 2022 period.
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  • A new Pew Research Center survey finds that about one-in-five workers (22%) say they are very or somewhat likely to look for a new job in the next six months
  • those who describe their personal financial situation as only fair or poor are about twice as likely as those who say their finances are excellent or good to say they’d consider making a job change (29% vs. 15%).
  • About half of job switchers also change their industry or occupation in a typical month, but this share has not changed since 2019. Women who leave a job are more likely than men who leave a job to take a break from the labor force, and men with children at home are least likely to do the same.
Elizabeth Merritt

Are we witnessing the dawn of post-theory science? | Artificial intelligence (AI) | The... - 0 views

  • we’ve realised that artificial intelligences (AIs), particularly a form of machine learning called neural networks, which learn from data without having to be fed explicit instructions, are themselves fallible.
  • The second is that humans turn out to be deeply uncomfortable with theory-free science.
  • there may still be plenty of theory of the traditional kind – that is, graspable by humans – that usefully explains much but has yet to be uncovered.
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  • The theories that make sense when you have huge amounts of data look quite different from those that make sense when you have small amounts
  • The bigger the dataset, the more inconsistencies the AI learns. The end result is not a theory in the traditional sense of a precise claim about how people make decisions, but a set of claims that is subject to certain constraints.
  • theory-free predictive engines embodied by Facebook or AlphaFold.
  • “Explainable AI”, which addresses how to bridge the interpretability gap, has become a hot topic. But that gap is only set to widen and we might instead be faced with a trade-off: how much predictability are we willing to give up for interpretability?
Elizabeth Merritt

Mental health & middle management: How to support employees without overstepping - 0 views

  • people quit bosses, not jobs
  • In a Gallup poll released last fall, managers’ levels of stress, physical well-being, and work-life balance were, in some cases, reported to be even worse than their direct reports’. Thirty-five percent of people managers reported being burned out “very often” or “always,” compared to just 27% for individuals.
Elizabeth Merritt

Opinion | Who's Unhappy With Schools? The Answer Surprised Me. - The New York Times - 0 views

  • home-schooling is back to its prepandemic rate of 4 percent, and data from the National Center for Education Statistics found that by far the steepest drops in public school enrollment during the 2020-21 school year were among children in pre-K or kindergarten.
  • All of this at least raises the question of whether some of the people driving the outrage, even animus, against schools might not have much skin in the game and might not have any recent experience with teachers or curriculum.
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