4/26/21 Power Five

1. Which Mothers Should Work? – “What it means essentially is that when white women stay home and work without pay for the family, that’s a great thing,” said Jacqueline Jones, a historian at the University of Texas at Austin. “When Black women attempt to stay home and care for their children, if they don’t have the means or the husband to do so, they’re vilified.”

2. The Corporate Income Tax is a Job Creator – “Wages and benefits (including employer-side payroll taxes) are tax-deductible expenses. When the corporate tax rate is just 21%, the opportunity cost to shareholders of every dollar spent on all-in compensation is 79¢. Only 21¢ gets covered by the tax writeoff. When the corporate tax rate is 50%, 50¢ out of every dollar spent on worker compensation comes out of Uncle Sam’s pockets, rather than out of shareholders’. Hiring workers is a much better deal for firms when the corporate tax rate is high than it is when corporate tax rates are low. For the same reason raising income tax rates would be a boon for tax-exempt nonprofits, increasing corporate tax rates is a boon for labor.

3. Apple is the $2.3 Trillion Fortress that Tim Cook Built – “Tim may not be able to design a product like Steve,” says Warren Buffett, who knows Cook well and whose Berkshire Hathaway Inc. has a stake in Apple worth $111 billion, as of a September filing. “But Tim understands the world to a degree that very, very few CEOs I’ve met over the past 60 years could match.”

4. If the Moon Were One Pixel – “A tediously accurate scale model of the solar system.”

5. Graveyard of Bikes – What happens when bike ride share programs go out of style? A “green” solution to transportation goes south very quickly.

Aerial photo of one of many Chinese bicycle graveyards