Forum Replies Created
-
Posts
-
Stupid and about par for the course.
____________________________________________________________
Sic transit gloria mundi (so shut up and get back to work)The Biden administration is having a rough year.
It truly is the gang that can’t shoot straight.
And Psaki is going from annoying mouthpiece to chief propagandist in the worst way.
____________________________________________________________
Sic transit gloria mundi (so shut up and get back to work)Yeah, my understanding is that some of the “iconic” billionaires sitting on loads of high growth stock just make lucrative arrangements with their banks whereby they take out margin loans and live off those, while the stock appreciates. It’s risky, but probably not so risky when you can borrow a billion dollars against a $50 billion net worth.
While I AM suggesting a reclassification of debt to income, I actually think it’s fair to say that the guy either should pay himself or should have his debt reclassed as income on some level… In this case not the full amount but via a surtax.
____________________________________________________________
Sic transit gloria mundi (so shut up and get back to work)Been thinking about this one.
Why not just add a surtax to margin loans above a certain size? Wouldn’t that accomplish the wealth tax issue for the egregious cases? As I understand it, Elon Musk doesn’t sell his stock. He just takes loans against it. Why not just raise the price of those loans via a surtax?
haven’t thought it through but if there is a tax I like it’s taxes that tax risky or otherwise bad behavior. I do believe that borrowing against the appreciation of a liquid asset is tantamount to creating income, and ought to be treated as such. The same goes for all you Californians taking cash out refis on your homes that have gone up in value by a million bucks. You aren’t musk but you are dodging the same taxes (well, kinda).
____________________________________________________________
Sic transit gloria mundi (so shut up and get back to work)Wonder if they will allow for refundable deductions for unrealized capital losses…? If not, why not?
This is a stupid policy that will only create more confusion and avoidance.
You want to capture large estates? How about a massive estate tax on very large estates? Family farms? not if it’s worth $100 million or more. That’s an industrial base. Your daddy’s an industrialist.
____________________________________________________________
Sic transit gloria mundi (so shut up and get back to work)And now the tax increases are teetering. It’s no longer free, Joe!
____________________________________________________________
Sic transit gloria mundi (so shut up and get back to work)Anybody who invests their retirement based on ESG at the expense of investment returns increases risk vs return and likely gets what they deserve.
The “prudent man” principle used to mean that pension managers had to invest for investment return and not for virtue signaling. I guess that is changing.
I guess one way to look at that is the more people flow money to ESG, the higher the returns for non ESG ownership positions.
____________________________________________________________
Sic transit gloria mundi (so shut up and get back to work)And now the nfl says nothing else to see in the other 649,997 emails.
You can’t make this up.
____________________________________________________________
Sic transit gloria mundi (so shut up and get back to work)When will prevailing wisdom acknowledge that blight happens in areas where rights are not protected.
____________________________________________________________
Sic transit gloria mundi (so shut up and get back to work)It’s a “commons problem” writ large. It’s all fine while a small proportion of wealthy households plug up, but wait until everybody has to.
____________________________________________________________
Sic transit gloria mundi (so shut up and get back to work)BD, you can’t win this one. Evidence that sea levels have been rising for 20k years is not evidence that you are not effing up the world with your SUV.
____________________________________________________________
Sic transit gloria mundi (so shut up and get back to work)Saw where the NFLPA was considering a motion to release the other 650k emails.
My hunch is they will think about that and then decide against it. It would be stupid. Very stupid.
Like it or not, there are still personal thoughts and personal emails that ought to have the benefit of the doubt when it comes to loose talk.
While I have no doubt that Gruden has some negative stuff in his emails, I have to wonder why he was the target. Could it be that it’s because he called Goodell an “anti football pussy?” I think maybe so.
and, no there are no consequences for leaks that fit the dominant narrative.
____________________________________________________________
Sic transit gloria mundi (so shut up and get back to work)It’s fascinating how quickly governance can go down the drain.
We are in trouble because the “adults” aren’t able to govern, and they have nobody to blame but themselves (and Trump).
Foreign policy is a disaster. Afghanistan, France, Israel, China, all in tatters or teetering.
immigration is a disaster. Nothing more to say.
Fiscal policy is a disaster-debt limit, new borrowing, no discussion whatsoever of what the nation can bear in terms of new spending. We are about to increase taxes on the productive in order to subsidize the lazy and unable.
monetary policy is a disaster – inflation is running amok. Savers are getting crushed. Assets are in a historic bubble. The little man is being eaten away by invisible taxes.
Social policy is a disaster – it’s arguable that vaccines would have never even been made under this regime had election been in 2019. Rents are about to skyrocket due to national eviction moratoriums.
Funny that nobody is running with photos of Biden with the stack of executive orders reversing trump policies anymore. Remember those?
____________________________________________________________
Sic transit gloria mundi (so shut up and get back to work)What were Don Trump’s really negative policies? He talked tough on the border but the current situation is far far worse. He slapped tariffs on China but those haven’t been removed. His COVID response was no more criticizable than those proposed by others.
The people who were most upset about Trump were those who were most aligned with the statist / academic mafia. I don’t know anybody who is in the for-profit world who really disagrees with the policy agenda of the Trump administration. I know plenty who hated the persona and voted against him.
Don’t get me wrong, I don’t want him to be president again and believe that his work undermining the electoral process is despicable, but Biden proves we can do worse.
____________________________________________________________
Sic transit gloria mundi (so shut up and get back to work)While I don’t trust Newsweek at all, I’m not at all surprised by this “news.”
We had an executive who rankled everybody but got (good) things done (if you don’t think renegotiating NAFTA, lowering the corporate tax rate, and putting China on notice weren’t good things, take another look). Now we have a doddering fool who can’t get things done, and who happens to rankle people despite being a “decent guy.”
I’ve typed this to you guys before: Trump, while hated and despicable, was for America despite being accused of weakening America. Biden, despite being touted as a statesman and “true American,” has generally taken actions that have weakened America and its alliances.
It’s truly astounding to see the contrast and to live the cognitive dissonance.
____________________________________________________________
Sic transit gloria mundi (so shut up and get back to work)
