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Thread: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

  1. #181
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    Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World


    **NOTE: The misleading post above was brought to you by Reynold's Wrap and American Steeples, makers of Crosses.

    Originally Posted by dropthatpuck-Scooby's a lost cause.
    Originally Posted by First Time, Long Time-Always knew you were nothing but a troll.

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    Quote Originally Posted by ScoobyDoo View Post

    Why we should be following mookie and send them a wealth tax bill

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    Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

    Quote Originally Posted by dxmnkd316 View Post
    It's not that there's an assload of loans, it's that the delinquency rates are spiking. That's usually a good sign that a recession is approaching. We're already looking at a yield curve inversion coupled with lower than average tax returns and those coupled with a spike in loan delinquencies?

    Winter is coming. And we have a 4-year-old at the helm.
    That's a very interesting leading indicator. One would hope that delinquency and bankruptcy would head down during a strong economy.

    Maybe this isn't a strong economy. Maybe it's just a big ol' bubble for the rich.
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  4. #184
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    Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

    https://www.wsj.com/articles/death-o...am-11550101090

    Why can't we get **** like this right?
    **NOTE: The misleading post above was brought to you by Reynold's Wrap and American Steeples, makers of Crosses.

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    Quote Originally Posted by ScoobyDoo View Post
    https://www.wsj.com/articles/death-o...am-11550101090

    Why can't we get **** like this right?
    Spoons in the puddin’ my friend...

  6. #186
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    Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

    NEw tax break is encouraging companies to replace workers with machines https://www.washingtonpost.com/us-po...es-study-says/

  7. #187
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    Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

    Quote Originally Posted by Kepler View Post
    That's a very interesting leading indicator. One would hope that delinquency and bankruptcy would head down during a strong economy.

    Maybe this isn't a strong economy. Maybe it's just a big ol' bubble for the rich.
    People get overly confident during good times and overextend themselves financially. That's pretty much the long and short of it.
    "The party told you to reject the evidence of your eyes and ears. It was their final, most essential command." George Orwell, 1984

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  8. #188
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    Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

    Quote Originally Posted by St. Clown View Post
    People get overly confident during good times and overextend themselves financially. That's pretty much the long and short of it.
    I didn't. Never did actually. Hasn't really helped me all that much either.
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    Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

    That's because you're not people, Scooby.


    "The party told you to reject the evidence of your eyes and ears. It was their final, most essential command." George Orwell, 1984

    "One does not simply walk into Mordor. Its Black Gates are guarded by more than just Orcs. There is evil there that does not sleep, and the Great Eye is ever watchful. It is a barren wasteland, riddled with fire and ash and dust, the very air you breathe is a poisonous fume." Boromir

    "Good news! We have a delivery." Professor Farnsworth

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    Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

    Quote Originally Posted by St. Clown View Post
    That's because you're not people, Scooby.


    That's actually pretty true. Very insightful.
    **NOTE: The misleading post above was brought to you by Reynold's Wrap and American Steeples, makers of Crosses.

    Originally Posted by dropthatpuck-Scooby's a lost cause.
    Originally Posted by First Time, Long Time-Always knew you were nothing but a troll.

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    Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

    Quote Originally Posted by St. Clown View Post
    People get overly confident during good times and overextend themselves financially. That's pretty much the long and short of it.
    Are there numbers to back up that this is what happens? If true, this is really bad news. It implies we'll never save, because when times are tough we can't and when times are good we won't.

    I would love to see policy and politics that rewarded Americans saving and being forward-looking instead of inciting them to spend more and indulge themselves in the present, but I'm told our economy is based on consumption and I fear a significant, system-wide shift in favor of personal savings habits would probably seriously damage employment.

    I'm sick today (note: being sick sucks), but I've rarely been so depressed over a piece of new information.
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    Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

    Quote Originally Posted by ScoobyDoo View Post
    That's actually pretty true. Very insightful.
    "You can't just kill the actors, they're people."

    "Have you ever eaten with one?"
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  13. #193
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    Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

    Quote Originally Posted by Kepler View Post
    Are there numbers to back up that this is what happens? If true, this is really bad news. It implies we'll never save, because when times are tough we can't and when times are good we won't.

    I would love to see policy and politics that rewarded Americans saving and being forward-looking instead of inciting them to spend more and indulge themselves in the present, but I'm told our economy is based on consumption and I fear a significant, system-wide shift in favor of personal savings habits would probably seriously damage employment.

    I'm sick today (note: being sick sucks), but I've rarely been so depressed over a piece of new information.
    One of the best ways to remain upwardly mobile is to start saving yesterday and cut your current standard of living. I’m going to retire comfortably because I had a dad who was smart enough to teach me to save when I was in elementary school. This eventually grew to opening an IRA to contribute to when I started working as a soccer ref when I was like 12. It’s continued today and I’m putting away 20+ percent every month.

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    Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

    Quote Originally Posted by dxmnkd316 View Post
    One of the best ways to remain upwardly mobile is to start saving yesterday and cut your current standard of living. I’m going to retire comfortably because I had a dad who was smart enough to teach me to save when I was in elementary school. This eventually grew to opening an IRA to contribute to when I started working as a soccer ref when I was like 12. It’s continued today and I’m putting away 20+ percent every month.
    Just a note of caution which I doubt you need: it is possible to oversave for retirement, depending on what you're doing. You want to have enough flexibility to deal with short and medium term emergencies without having to make financially injurious decisions because you don't have cash on hand.

    Saving is like dieting. There's a point where too much turns the heath curve back down again.

    Having said which, I save like a demon because I had Great Depression parents and they drummed into my skull that the bottom can drop out. Dr. Mrs., whose Mom is 25 years younger than mine, wasn't raised with savings habits at all. She's a financially sensible person but she's not haunted by it like I am. We balance each other well.

    Since you're single, I'll offer this bit of completely unasked for advice. Only two fundamental differences are lethal to a marriage: the desire for kids and the desire to save. Everything else, from religion to politics, can be navigated, but find somebody who has the same baselines as you on those two pillars and you have a really good start. Dad mode off.
    Last edited by Kepler; 02-19-2019 at 06:11 PM.
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    Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

    The beauty of having a very smart dad is that he also understands the need to have liquid savings. He made sure I put things in non-tax-advantaged accounts as well.

    I have an employee stock program I’ve been using and we’ve been talking about adding a separate brokerage on top of that to contribute to ensuring I always have access to money if need be. That and just cold hard cash.

    You want to make sure you have enough of a rainy day fund to afford major medical costs, a new roof, things like that. But also enjoy life.


    Edit: That reminds me, part of me wants to cash out of the stocks in the next year or two since we still have Republicans in charge. Once the Dems get back in, I’m hoping they get rid of capital gains and just treat all income the same.

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    Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

    Quote Originally Posted by dxmnkd316 View Post
    Once the Dems get back in, I’m hoping they get rid of capital gains and just treat all income the same.
    Let it ride. As much as we should do this to have a functioning democracy again, it will never happen under the Democrats as currently constituted. We'd need something enormous -- likely enormously bad -- to happen for there to be a mechanism by which the will of the people could be translated into actual legal and policy changes if the will of the people ran so contrary to the comfort of the rich. And if the tanks are in the streets you and I are going to be worried about other things than our portfolio.
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    Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

    Message unclear. Dumping all money into Underground Seas...



    On a more serious note, what’s this “buy a house” stuff? I just assume that’s for old folks.

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    Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

    Quote Originally Posted by Kepler View Post
    Let it ride. As much as we should do this to have a functioning democracy again, it will never happen under the Democrats as currently constituted. We'd need something enormous -- likely enormously bad -- to happen for there to be a mechanism by which the will of the people could be translated into actual legal and policy changes if the will of the people ran so contrary to the comfort of the rich. And if the tanks are in the streets you and I are going to be worried about other things than our portfolio.
    I’d say as thing graph continues to grow, the likelihood increases
    https://trends.google.com/trends/exp...S&q=Guillotine

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    Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

    Quote Originally Posted by Kepler View Post
    Saving is like dieting. There's a point where too much turns the heath curve back down again..
    stop with your continuous use of the laffer curve scooby does not approve!
    a legend and an out of work bum look a lot alike, daddy.

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    Quote Originally Posted by Jimjamesak View Post
    On a more serious note, what’s this “buy a house” stuff? I just assume that’s for old folks.
    Call my wife and I old fashioned, but we managed to buy our house *just* before the markets took back off in 2015. We had to use FHA to get it because we didn't have the full 10%+ down payment.

    Only 324 more payments to go!

    The monthly mortgage+PMI+Taxes payment (even after property taxes rose twice) is cheaper still than what our rent was then. The trade off of home maintenance is worth not having to gamble if your new neighbors will be annoying or not.

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