The Indicator from Planet Money What if our income was taxed ... totally differently?
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Feb 24, 2025 Curious about why bananas are the 'unbothered fruit'? This discussion dives into their price stability amid market chaos. The conversation shifts to tax reform, exploring a flat income tax proposal and its implications for different income groups. Additionally, the hosts shed light on after-hours stock trading, weighing its pros and cons. With a mix of humor and insight, they encourage listeners to rethink how income taxes could work in a more innovative way.
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Banana Price Stability
- Bananas are cheap due to high yields, low production costs, and being less perishable.
- Their price stability is attributed to these factors, making them less susceptible to market pressures.
The Unbothered Banana
- Bananas remain cheap despite market fluctuations, unlike other fruits like strawberries.
- Strawberry prices increased significantly, while banana prices barely changed.
Proposed Flat Tax Rate
- The Tax Foundation proposed a 20% federal flat tax rate.
- They aim to increase labor supply and GDP, and generate more revenue.