Monday, December 12, 2011

Putin, Tax Rates, and Salafis (Link Round-Up 12/12/11)

[via XKCD]

But if Putin does fall, there may well be a period of chaos, as foreign investors pull their money out of the country (some are already considering that step, I’m told by a reliable source in the Moscow financial community) and the economic and political power decks get reshuffled. The political winner could turn out to be someone as unknown now to the public as Putin was when tapped by the Yeltsin circle to take the reins of power. Indeed, it could be almost anyone—except a liberal.
What you'd pay in taxes in several dozen countries
Herbert Hoover presided over the largest tax increase in peace time history of the United States. For top earners the rate went up from 25 percent to 63 percent. But not everyone in top 1 percent was paying 63 percent. In fact after the Hoover tax increase, there was a very wide range in rates between people who just barely made the top 1 percent and people who were like Andrew Mellon, like really, really the richest Americans. The range was from 8 to 63 percent. So people who just made it into the top 1 percent were facing the 8 percent rate -- that was not particularly high. The wealthiest of the wealthy of the wealthy were facing 63 percent. And this is 1931!
Interview with a Salafi member of the Egyptian Parliament 
Indeed, El-Kordi continued preaching and, in 1998, he became the Giza leader for al-Dawa al-Salfiyya, a national Salafist organization that was founded in Alexandria during the 1970s, but was closely monitored during the the Mubarak era. It was through this leadership position that he got to know the individuals who established the Nour Party earlier this year. To some extent, the Nour Party is an outgrowth of al-Dawa al-Salfiyya, and an essential component of the social networks that underlie the party’s quick formation. In this vein, all ten of the candidates on the Nour Party’s electoral list in Giza are active members in al-Dawa al-Salfiyya, which enabled them to claim meaningful supporters when the Nour Party was searching for candidates. El-Kordi describes al-Dawa al-Salfiyya as an indomitable force. “If we organized elsewhere like it was organized in Alexandria, nobody would be able to stand against us,” he says. “Because it represents the real Islam—the way Muhammad lived with his companions. You would just accept it naturally.”

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