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Apple In Talks To Buy Jay Z-Owned Tidal Streaming Service (9to5mac.com)
An anonymous reader writes: The Wall Street Journal is reporting that Apple is in talks to acquire the Jay Z owned streaming service, Tidal. 9to5Mac reports: "While specific details are unclear at this point, Apple acquiring Tidal would give it an incredible leg up when it comes to negotiating for exclusive streaming rights. Tidal is currently owned by Jay Z and a variety of other artists, including Kanye West, Beyonce, Chris Martin, Jack White, and many more. Negotiations between Apple and Jay Z are reportedly still early and 'may not result in a deal,' according to the report. Apple is interested in Tidal because of its strong ties to artists, many of which are owners. Tidal has secured the exclusive streaming rights to a handful of notable albums in recent months, including Beyonce's Lemonade and Kanye West's The Life of Pablo." Earlier this year, a report claimed that Samsung, Google and Spotify had all considered buying the streaming service.
Tidal, desparate for a sale, release rumours that its in talks to be bought with someone with deep pockets, in order to motivate someone with deeper pockets and poor impulse control.
Exactly. See here. It presents the bare facts of marginal rates adjusted to 2013 dollar values for direct comparisons. Notice the swift decline in the highest marginal tax leading up to the the stock market crash in 1929, and only in 1932 returned from the disastrous 25% to the 40-50%+ normal before the crash era, roughly when the US economy was brought to recovery with the New Deal. Since then fluctuations have held up roughly the same pattern - wealth interest lowering the highest marginal rate only for financial collapse to restore it to a sustainable and significantly higher rate.
This data damns the fantasies of the wealthy that they are the best users of funds gained at such disproportionate rates compared to the population.