Is it still too soon to call this race for Harris?

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PetePierson
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Re: Is it still too soon to call this race for Biden?

Post by PetePierson »

Bottom post of the previous page:

emby wrote: Tue Jun 18, 2024 7:05 am
Many eligible taxpayers received monthly advance payments of half of their estimated 2021 Child Tax Credit amounts during 2021 from July through December. Families caring for children were able to receive financial assistance on a consistent monthly basis from July to December 2021, instead of waiting until tax filing season to receive all of their Child Tax Credit benefits.
Yes, UBI. Make people even more dependent on the state. That is the goal.


emby wrote: Tue Jun 18, 2024 7:03 am Why do you hate America?
I very much love my country. I hate the government with a passion that I once thought was only reserved for ex-wives & mortal enemies.
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The Outsider
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Re: Is it still too soon to call this race for Biden?

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PetePierson wrote: Mon Jun 17, 2024 9:22 pm
emby wrote: Mon Jun 17, 2024 8:20 pmHow's your 401k?
Most likely not at pre-pandemic levels (in terms of losses in 2021 - 2022). But definitely improved from '22.

Although, I thought we all agree that the current administration doesn't have much to do with current state of the stock market?

Both Trump & Joey needlessly pumped billions into the economy the last 4-5 years.

War is good for business on Wall Street and bitness be gouda.
Minor quibble, I think it takes roughly two years for a President's economic plans to start taking effect. So by this point in his first term I'd say that most of the credit for the current economy is likely due to the Biden administration and their plans.

PetePierson wrote: Tue Jun 18, 2024 7:28 am
emby wrote: Tue Jun 18, 2024 7:05 am
Many eligible taxpayers received monthly advance payments of half of their estimated 2021 Child Tax Credit amounts during 2021 from July through December. Families caring for children were able to receive financial assistance on a consistent monthly basis from July to December 2021, instead of waiting until tax filing season to receive all of their Child Tax Credit benefits.
Yes, UBI. Make people even more dependent on the state. That is the goal.


emby wrote: Tue Jun 18, 2024 7:03 am Why do you hate America?
I very much love my country. I hate the government with a passion that I once thought was only reserved for ex-wives & mortal enemies.
Something like UBI is going to have to happen in the next 15-20 years as AI makes unskilled labor a type of job that humans simply can't compete in. I'm not one of those people that think literally every job is going to go away overnight, but a shit load of customer support and general 'call-center' type jobs will evaporate. And god forbid we ever train these AI models on spatial awareness. Then you can wave goodbye to retail workers, physical laborers (robots will be cheaper even when considering maintenance, etc. especially in more dangerous fields), basically any type of job that isn't highly specialized or technical.

Those jobs aren't being replaced. So in essence I think we're about a decade to two away from the biggest labor market crisis, possibly in human history with no real answer other than social programs.

But obviously, we're human beings so we won't prepare at all and then when millions of people end up jobless over a period of a few years with no remedy other than the one that's been obvious for years to anyone with a bit of foresight we'll throw up our hands, bitch about welfare queens, and probably not do anything about it until it's far too late.
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PetePierson
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Re: Is it still too soon to call this race for Biden?

Post by PetePierson »

The Outsider wrote: Tue Jun 18, 2024 8:36 am Minor quibble, I think it takes roughly two years for a President's economic plans to start taking effect. So by this point in his first term I'd say that most of the credit for the current economy is likely due to the Biden administration and their plans.
I concede. There are many articles, stats, etc... that show the market usually feels much more comfortable about the direction of the economy in year 3 of an administration.

Something like UBI is going to have to happen in the next 15-20 years as AI makes unskilled labor a type of job that humans simply can't compete in. I'm not one of those people that think literally every job is going to go away overnight, but a shit load of customer support and general 'call-center' type jobs will evaporate. And god forbid we ever train these AI models on spatial awareness. Then you can wave goodbye to retail workers, physical laborers (robots will be cheaper even when considering maintenance, etc. especially in more dangerous fields), basically any type of job that isn't highly specialized or technical.

Those jobs aren't being replaced. So in essence I think we're about a decade to two away from the biggest labor market crisis, possibly in human history with no real answer other than social programs.

But obviously, we're human beings so we won't prepare at all and then when millions of people end up jobless over a period of a few years with no remedy other than the one that's been obvious for years to anyone with a bit of foresight we'll throw up our hands, bitch about welfare queens, and probably not do anything about it until it's far too late.
I'm with you. AI will most definitely alter the workface and most likely dramatically but it is not happening tomorrow. We've gone through agricultural, industrial, technological dramatic shifts in the past and people figured it out. I expect that we make the same transition as people "learn to code", provide maintenance / repairs for the machines etc...

I am not completely heartless. There are many people that are just plain unlucky / unfortunate and do legitimately need assistance. The government is just too inept and inefficient to do what is needed on a consistent basis.
emby
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Re: Is it still too soon to call this race for Biden?

Post by emby »

PetePierson wrote: Tue Jun 18, 2024 7:28 am
emby wrote: Tue Jun 18, 2024 7:05 am
Many eligible taxpayers received monthly advance payments of half of their estimated 2021 Child Tax Credit amounts during 2021 from July through December. Families caring for children were able to receive financial assistance on a consistent monthly basis from July to December 2021, instead of waiting until tax filing season to receive all of their Child Tax Credit benefits.
Yes, UBI. Make people even more dependent on the state. That is the goal.


emby wrote: Tue Jun 18, 2024 7:03 am Why do you hate America?
I very much love my country. I hate the government with a passion that I once thought was only reserved for ex-wives & mortal enemies.
And what is the imposition that has brought you to this bloodthirsty wrath?

Paying taxes?

https://www.thebuczone.net/viewtopic.php?p=505#p505
PetePierson
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Re: Is it still too soon to call this race for Biden?

Post by PetePierson »

emby wrote: Tue Jun 18, 2024 9:50 am And what is the imposition that has brought you to this bloodthirsty wrath?

Paying taxes?

https://www.thebuczone.net/viewtopic.php?p=505#p505
I am too old and too broken-down to satisfy any blood thirst. War / Fighting is a young man's game (unless you live in The Ukraine).

Taxes are one thing. I don't agree with them and prior to Wilson and 1913, this country still had roads.

The tax code is another:

Our income is taxed.
Items / services that we purchase are taxed after that.
The service provider is taxed.
The materials used by service provider are taxed and so on...
Property taxes? WHAT?

I could go on but you get the point.

And then at the end of the year, I am supposed to tell the state what I owe them? They already tax us on everything all year. Why don't they just cut the bullshit and tell me what I owe? Because if I get it wrong, I will be taxed some more...

I do ok financially. But in what world should I accept being at a mid 30% tax rate. Then the real ball slap is that the state pisses that money away with absolutely zero accountability.

If you are genuine, it is an indefensible position.
emby
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Re: Is it still too soon to call this race for Biden?

Post by emby »

PetePierson wrote: Tue Jun 18, 2024 10:13 am
emby wrote: Tue Jun 18, 2024 9:50 am And what is the imposition that has brought you to this bloodthirsty wrath?

Paying taxes?

https://www.thebuczone.net/viewtopic.php?p=505#p505
I am too old and too broken-down to satisfy any blood thirst. War / Fighting is a young man's game (unless you live in The Ukraine).

Taxes are one thing. I don't agree with them and prior to Wilson and 1913, this country still had roads.

The tax code is another:

Our income is taxed.
Items / services that we purchase are taxed after that.
The service provider is taxed.
The materials used by service provider are taxed and so on...
Property taxes? WHAT?

I could go on but you get the point.

And then at the end of the year, I am supposed to tell the state what I owe them? They already tax us on everything all year. Why don't they just cut the bullshit and tell me what I owe? Because if I get it wrong, I will be taxed some more...

I do ok financially. But in what world should I accept being at a mid 30% tax rate. Then the real ball slap is that the state pisses that money away with absolutely zero accountability.

If you are genuine, it is an indefensible position.
I have great news on that last front. The IRS is rolling out it's free e-filing software that'll allow you file and pay your taxes without the help of a professional.

If we added postal banking back, you could completely exist without a for profit bank or shipping company in your life. The treasury would be able to send you the money it owes you without a single motherfucker in between you and your money tryna take a cut....and vice versa.
PetePierson
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Re: Is it still too soon to call this race for Biden?

Post by PetePierson »

emby wrote: Tue Jun 18, 2024 10:45 am
I have great news on that last front. The IRS is rolling out it's free e-filing software that'll allow you file and pay your taxes without the help of a professional.
What could possibly go wrong?
emby
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Re: Is it still too soon to call this race for Biden?

Post by emby »

PetePierson wrote: Tue Jun 18, 2024 11:01 am
emby wrote: Tue Jun 18, 2024 10:45 am
I have great news on that last front. The IRS is rolling out it's free e-filing software that'll allow you file and pay your taxes without the help of a professional.
What could possibly go wrong?
They're going to be nice enough to tell you what you owe and you're still mad.

Back into the basket you deplorable, bitter clinger.
emby
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Re: Is it still too soon to call this race for Biden?

Post by emby »

Real shit. IDGAF about my income taxes. The price of insurance infuriates me more than taxes do, but people get triggered over different things.
PetePierson
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Re: Is it still too soon to call this race for Biden?

Post by PetePierson »

emby wrote: Tue Jun 18, 2024 11:54 am Real shit. IDGAF about my income taxes. The price of insurance infuriates me more than taxes do, but people get triggered over different things.
In Florida where you are required to have both flood and hurricane insurance? I don't blame you.

My folks live on a barrier island off the west coast. Every year they have so much trouble finding insurance. House is paid for - tell them all the time to just get basic homeowner's or whatever. Because if the big one does hit? Bye-Bye island. Hello Insurance Co declaring for bankruptcy.
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The Outsider
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Re: Is it still too soon to call this race for Biden?

Post by The Outsider »

PetePierson wrote: Tue Jun 18, 2024 1:19 pm
emby wrote: Tue Jun 18, 2024 11:54 am Real shit. IDGAF about my income taxes. The price of insurance infuriates me more than taxes do, but people get triggered over different things.
In Florida where you are required to have both flood and hurricane insurance? I don't blame you.

My folks live on a barrier island off the west coast. Every year they have so much trouble finding insurance. House is paid for - tell them all the time to just get basic homeowner's or whatever. Because if the big one does hit? Bye-Bye island. Hello Insurance Co declaring for bankruptcy.
You only have to have flood insurance if you live in a flood zone. I'm only about 5 miles from the water but not in a flood zone, so no flood insurance on my policy. It's still pretty fucking expensive, though.
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