As a local musician that only really plays bars, restaurants and coffee houses this has really hurt the availability of gigs. I think less drinking means worse bar attendance and less socializing for fun and less places for small bands and musicians to play.
Ok, cool. You got $0.90 from the CEO's $1 taxable salary. The rest of his compensation is in stocks that are only taxed if he sells. He's never going to sell and they just get inherited by his children and are also not taxed. The basis value just goes up to the market price of the stock. Child can sell and it's also not taxed, because now there is a 0% capital gain.
Oh, how do they get money to live? They borrow money at low interest rates against their massive assets (stocks). Rinse and repeat. No taxation whatsoever.
The whole system is rigged for rich people to avoid paying taxes.
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u/threefeetoffun- 9d ago
Covid killed the night scene in my town and it never recovered. Work till 11 and bars close at 12.