Please wait...
*ism never worked in the past because we didn't implement it, ours will work!
Sat Aug 17 2024 09:58:44 EDT from darknetuserThat rings a bell sooooo much.
You might notice that anyone who says it's a good idea is not an economist.
2024-08-24 12:01 from IGnatius T Foobar
Take a look at what kind of people they bring out to talk about price
caps.
You might notice that anyone who says it's a good idea is not an
economist.
I don't believe in economists. I believe in 20 years of food scarcity produced because some lameass Commander who decided to play Ruler of the Land around this place set price caps and caused nobody to want to sell food at a loss.
While we all know modern 'higher education' is a big fraud anyway, i guess sally mae ( recently 're-branded', so you know what that means.... ) finally got caught screwing people over. They would 'steer students to higher cost loans" and other related scams. So they are now banned from student loans ( not sure to what extent ) and have to pay out 100M + to those they screwed over. Plus some fines too.
With luck they go under and their board of directors are taken out back.
May be hot air, as you never know until rubber hits the road, but a couple of billionaires are threatening to pull their money out of the stock market if Harris gets in office, due to the plan for ' tax on unrealized gains'.
Them dropping out might crash the market and kick an already collapsing economy in the knees. The taxes may finish off the economy as i don't care what they say, those taxes will hit us ALL, hard.. Own a house? guess what.. taxes, even if you never plan to sell ( now you may be forced to if your income is low ).. Own a classic car, tax. Own some collectibles, don't get caught with them or pay up. Hell, even guns and ammo are increasing in value, so tax on that too.
The whole "tax the rich" scam is based around raising income taxes and getting people to believe that "the rich" have income to tax. For them it's all capital gains, and you never see the elite and their captured politicians talk about significant increases to capital gains tax at the highest levels because that would *actually* affect them. Taxing unrealized gains would be a million times worse because investments can be volatile and lose value before you liquidate them. Whoever actually proposed that probably got slapped with a wet noodle. If it was Kommie-la herself then she has no business floating any type of policy whatsoever.
I also hope and expect that, and suspect this is just trying to fuel fire for the class warfare "i care, elect me" then crickets. Normally i'm not fond of the ruling class protecting themselves, but in this case it helps the rest of us too. But if we are wrong and they want to go full communist on us, we are screwed.
Not that i have a problem with rich people as an entity of course, its all in how they act. Same with poor.. i wont judge a person based on their wealth and income ( or anything else really.. ) but instead on their actions.
My bank ( ok, credit union ) is hosting a 'world economic update webinar' next month.
Um. they have never done this before. wth...
2024-09-24 08:51 from IGnatius T Foobar
Somehow I doubt the ruling class will allow unrealized gains to be
taxed.
The whole "tax the rich" scam is based around raising income taxes and
getting people to believe that "the rich" have income to tax. For them
it's all capital gains, and you never see the elite and their captured
politicians talk about significant increases to capital gains tax at
the highest levels because that would *actually* affect them. Taxing
unrealized gains would be a million times worse because investments can
be volatile and lose value before you liquidate them. Whoever actually
proposed that probably got slapped with a wet noodle. If it was
Kommie-la herself then she has no business floating any type of policy
whatsoever.
Taxing stuff just because you have it is not that uncommon. Certainly there are places where you get to pay a tax if you have more than XXX USD in liquid assets. Basically, if you have savings beyond a certain point you get taxed for saving up.
Politicians get away because they have their assets in non taxable form or they outright have it outside of the reach of their own government.
Port strike starts tomorrow. Lets see if the Biden admin goes back on their word and intervenes. Regardless, the economic impact is going to be severe, on an already strained economy and its going to strain domestic trucking/etc.
Interestingly it seems it was right after DeSantis sent national guard to run the Florida ports.. Called their bluff, they backed down.
And im sure that the chance for the strike to return mid January is not a coincidence at all.
Thu Oct 03 2024 19:30:21 EDT from Nurb432It appears the strike is already over.