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Honestly, I just don’t care any more. Stanford, Stanford sports, and sports in general are becoming less and less relevant in my life. Bigger fish to fry.
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Sic transit gloria mundi (so shut up and get back to work)Bob are you saying it’s mostly peaceful? 🙂
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Sic transit gloria mundi (so shut up and get back to work)Pic won’t show for me.
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Sic transit gloria mundi (so shut up and get back to work)Those aren’t terrorist rockets, they are pro-Biden fireworks.
Don’t believe your eyes.
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Sic transit gloria mundi (so shut up and get back to work)I guess we need pot more than we need veterans. It’s a strange sort of logic but it works if you are in government.
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Sic transit gloria mundi (so shut up and get back to work)BD, I share your sense of doom, but it’s just surreal with how the market is performing these days. There’s nowhere to go with cash other than equities or hard assets, and ammo is expensive these days!
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Sic transit gloria mundi (so shut up and get back to work)As always, the truly tragic part of this is not what is in all likelihood an honest mistake, it’s the reality that if the same mistake were made by someone of such prominence with a different letter next to their name, it would stop the presses because of “racism.”
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Sic transit gloria mundi (so shut up and get back to work)BD, that’s funny, my fam and I had a lot of fun with the Wonder Woman 84 body snatch. Oh, to be the random guy whose body just HAD to be used to love on Gal Gadot.
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Sic transit gloria mundi (so shut up and get back to work)I can see it now: Disney’s defense: “She was asking for it.”
““You might think I’m ruining the fantasy of it all, but these stories are promoting sexual violence and I would like everyone to be aware of it.””
I bet she’s fun at parties.
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Sic transit gloria mundi (so shut up and get back to work)[quote quote=4699]Doing a little deeper look at PPP the loans were meant to be forgiven if the forgiveness process were properly documented which turned out to be a joke. Many recipients simply got an email saying their loan was forgiven. No back up required. Many small businesses got up to 2 million. No proof of need. All forgiven. The loans remain on the books with the lending banks. Anyone can look at PPP loans in their zip code and quickly see that many were lucrative medical and dental practices, non profits, hair solons, prep schools and businesses some of which never missed a beat and kept on working throughout. All you had to do was apply. Inflationary helicopter money. Lets not forget that the FED mortgage forgiveness program has a roll up to an interest free rider until the sale of the home. And the Student Loan Forgiveness Program. We are in a very deep hole.[/quote]
I think Mick lays out the other side of not participating. They laid off a bunch of staff and made a killing. Had they left staff in place and taken PPP, probably would have still made a killing, but without contributing to unemployment.
My hunch is that the PPP “helped” keep companies from panic downsizing to some degree. However, it really became a joke once it became clear where the scrutiny level would be. I, for one, think that the disclosure of ppp loan amounts was a bit of a double-cross, because it was a glimpse into payroll dynamics of a given company. While I understand the need for openness and transparency, such disclosure was not likely for smaller businesses at the start of the program.
The PPP did what it was supposed to do but it was a nuclear weapon…lots of collateral impact that likely enriched some people. The good news is that it likely only enriched actual taxpayers, so for those of us who view taxation as theft, it was only a return of “stolen property.” 😎
The best evidence that people have moral and legal restraint is that the PPP dollars were never all used.
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Sic transit gloria mundi (so shut up and get back to work)[quote quote=4695]And Kamala Harris, the least impressive person on the public stage I have ever seen, is about to be making decisions affecting my life. Government service attracts the worse kind of people. I can’t verify this but a CPA told me that he did tax returns this last month for several clients who 100k to 200k in PPP money on the COVID program last year. Said the loans have all been forgiven. R and D’s gave the full wish list.[/quote]
Kamala would be a really annoying high school principal or VP of HR if she hadn’t hooked onto the right Dem machine coattails. That she is a heartbeat away from leading the country is truly one of the more terrifying examples of bureaucratic upward failure in the history of mankind.
As for the PPP, as far as I’m concerned worrying about PPP dollars being forgiven fails on two points. First, it’s player hating. The law as set up was for forgivable loans that went to maintaining payrolls. Like it or not, but the payrolls stayed. Yes, the tax free forgiveness can be interpreted as a double dip, but it was what was promised… The government directly funded the payroll and some other items via very aggressive lending. It turned into a free money program, but probably should have been a free income program (meaning taxable as marginal income). Unfortunately it wasn’t framed that way.
Full disclosure: This hits close to home. Though my company did not take the second round ppp, we did take the first, and I can tell you the mixed messages were a tax planning nightmare (AKA a “high class problem”) Also full disclosure: I pay waaaay more in taxes than the PPP paid to us, so it wasn’t exactly a handout…more like a small tax refund. My hunch is that was the case for most people.
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Sic transit gloria mundi (so shut up and get back to work)You ever go into an “everything’s a dollar” store? You know, where you can buy a box of brillo pads for a dollar? The catch is there are two Brillo pads in the box.
welcome to the land of the economically stupid and exploited.
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Sic transit gloria mundi (so shut up and get back to work)All this starts to look like a wealth tax by another name. Capital gains taxes are essentially taxes on future income (the only reason a capital stock has value in the main), just like a wealth tax would be.
the only thing it does is rejigger all the assumptions about tax avoidance, and we’ll be off worrying about something new, like why dividends don’t get quadruple taxed or something.
Think about a dividend under Biden’s america. A company generates cash. That cash has to eventually be considered income during the life of the firm. That income is taxed at a fair share of 28 percent. That leaves 72 percent for reinvestment or dividend distribution. If it’s distributed (which is often the best thing for the economy ignoring tax policy, because it gets cash out there), 40 plus percent gets taxed (another fair share) add to that state taxes (fair share, dumbass!). So a shareholder who owns a share of stock that makes 100 in income gets to keep less than 45 of that amount after the dividend on just a federal level. It’s likely more like 40 percent after state taxes.
all this does is provide incentives for companies to keep all the capital on their balance sheets and scale scale scale. It’s inefficient but then again the government doesn’t want efficiency…they want money. Oh, and to rail against billionaires who are billionaires thanks to government’s own policies.
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Sic transit gloria mundi (so shut up and get back to work)Cancelled her ass, didn’t they?
She wasn’t woke enough BECAUSE she defended Exxon.
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Sic transit gloria mundi (so shut up and get back to work)
