Lowpast

Old school Runescape

2016 - 40% of mortgage borrowers are not paying their debt down. Those that are paying principal are doing so at a rate it would take 100 years https://www.swedennews.net/news/225058369/sweden-facing-possible-property-bubble-warns-imf

2014 - Sweden to limit max mortgage to 105 years after average repayment is 140 https://www.telegraph.co.uk/money/property/mortgages/sweden-cuts-maximum-mortgage-term-to-105-years-the-average-is-14/

2024 - Countrys household debt to income reaches 180% (down from 199% in 2022) https://www.nordea.com/en/news/household-debt-burden-on-the-decline-in-sweden

I'm not sure if people are suggesting that oil itself is a magical solution or if they're suggesting that having exclusive access to an extremely profitable resource (oil) enables a country with a tiny population to make socialism work.

I have a strange feeling that if oil became worthless Norway would quickly stop doing socialism well

Sweden is fairly unique as it's economy wasn't destroyed by WWII, and it's stance on banking, foreign exports, and foreign ownership has enabled it to make massive profits. But the economy is seriously struggling today. The average home loan takes 100 years to pay off.

Finland economy replaces oil with timber and an extremely educated population. Both of which are not sustaining the model well as the country is in recession. The timber industry isnt producing sustainable profits like it used to. The debt-to-GDP ratio is extremely high. The highly educated population is leaving and people don't typically immigrate to Finland.

So arguably the model isn't working anymore, without something like oil to fall back on.

When cocaine usage first exploded, it was almost entirely in "laborers, youths, black people, and the urban underworld". Most of the early history of its usage is associated with non-whites and lower class peoples. Making it illegal worked for a long time until the cocaine boom happened and then it became popular with disco and rock, but again, still mostly used by non-whites. It wasn't until crack became a thing that the racial divide became more clear - rich whites got the clean cocaine, everyone else got addicted to crack.

https://www.degruyter.com/document/doi/10.12987/9780300255874/html

The switch to being heavily used by the rich white class is a "relatively" recent development.

Signal does not. https://signal.org/bigbrother/santa-clara-county/

Tl;dr: Signal gave the court timestamps for three out of nine phone numbers that the court demanded data on. The timestamps were the dates three phone numbers last registered their accounts with Signal. That’s it. That is all the data there was to give.

This is why I use Signal. This is why I donate monthly to Signal.

Read closer- they are not removing grandfathered rates for 1 and 6 month packages that do not let membership lapse for more than 14 days.

There's grandfather rates plus bulk discounts!

F

Back when there were numerous loopholes, deductions, and methods of evasion and nearly none paid that rate? And when they later lowered effective rates, closed loopholes, and ended up collecting more?

Yeah, let's do that. Let's incentive finding ways to avoid paying taxes.

This is exactly how you give incentives to higher CEO pay. Record profits? Give all of it to the CEO and you'll pay none of it to the government. You didn't mention a higher personal tax rate, so end of the day the CEO wins.

Own an S-Corp? Pass through all profits to yourself and pay 0%.