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

  1. #161
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    Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

    I’m picturing councilman Jamm yelling “you got JAMMED”

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

    Quote Originally Posted by FadeToBlack&Gold View Post
    Congrats Wisconsin, looks like you got...



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

    Quote Originally Posted by Kepler View Post
    I hope Pete Townshend gets a nickle each time a person uses this meme.
    As if he needs the money at this point.
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    Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

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

    Quote Originally Posted by Kepler View Post
    Yes, both. And it's still not far enough.
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    Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

    Quote Originally Posted by ScoobyDoo View Post
    Yes, both. And it's still not far enough.
    70/2 now. 90/50 later.
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    Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

    US deficit now over 22 Trillion

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    Quote Originally Posted by Deutsche Gopher Fan View Post
    US deficit now over 22 Trillion
    How can one spend $22 trillion more than they make in a year??

  9. #169
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    Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

    Quote Originally Posted by Deutsche Gopher Fan View Post
    US deficit now over 22 Trillion
    you mean debt

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    Quote Originally Posted by BassAle View Post
    you mean debt
    Yep. **** jet lag

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

    How the US Economy and Tax System really works.

    This is how the whole scheme functions. Imagine a table with 3 people - a billionaire, a blue collar worker and a mexican. there are 10 cookies. The billionaire takes 9 and tells the blue collar: "hey! the mexican is going to eat your cookie!"
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    Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

    White people have more in common with colored people than they do with rich people

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

    https://www.huffingtonpost.com/entry...=NEWSSTAND0001

    This isn’t a worrying sign. Not at all.

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

    Quote Originally Posted by dxmnkd316 View Post
    https://www.huffingtonpost.com/entry...=NEWSSTAND0001

    This isn’t a worrying sign. Not at all.
    Car loans are an interesting problem. I'm kind of in the market for a new car, so in the evening I'll frequently surf through car dealership sites. The loan companies affiliated with GM or Ford are actively pushing 84 month loans. Seven years is a long time for a car loan. I remember when I first heard of a five year loan and thought that was crazy. It's not like a house. In seven years there is a good chance that something bad will happen to that car, whether it's an accident, or it just stops working or whatever, and people are going to walk away from loans when they are upside down on the car.
    That community is already in the process of dissolution where each man begins to eye his neighbor as a possible enemy, where non-conformity with the accepted creed, political as well as religious, is a mark of disaffection; where denunciation, without specification or backing, takes the place of evidence; where orthodoxy chokes freedom of dissent; where faith in the eventual supremacy of reason has become so timid that we dare not enter our convictions in the open lists, to win or lose.

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

    Quote Originally Posted by dxmnkd316 View Post
    https://www.huffingtonpost.com/entry...=NEWSSTAND0001

    This isn’t a worrying sign. Not at all.
    I find student debt to be the bigger problem. This, however, is not good.
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    Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

    Quote Originally Posted by SJHovey View Post
    Car loans are an interesting problem. I'm kind of in the market for a new car, so in the evening I'll frequently surf through car dealership sites. The loan companies affiliated with GM or Ford are actively pushing 84 month loans. Seven years is a long time for a car loan. I remember when I first heard of a five year loan and thought that was crazy. It's not like a house. In seven years there is a good chance that something bad will happen to that car, whether it's an accident, or it just stops working or whatever, and people are going to walk away from loans when they are upside down on the car.
    Yeah, that's like offering a 50-year mortgage, or more. I just don't like the idea of 84. I don't like the idea of 60. If you can't afford a car in 36, look at a different vehicle. If you can't afford a 30-year fixed mortgage, buy a smaller house.
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    Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

    Quote Originally Posted by ScoobyDoo View Post
    I find student debt to be the bigger problem. This, however, is not good.
    Student debt will certainly have more effect to slow the overall economy in the long-term, but the automotive debt has the potential to hit us in the guy in the short- and mid-term timeframes. It's a milder case of the mortgage crisis that hit us in 2009.
    "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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    Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

    Quote Originally Posted by ScoobyDoo View Post
    I find student debt to be the bigger problem. This, however, is not good.
    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.
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  19. #179
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    Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

    Quote Originally Posted by St. Clown View Post
    Student debt will certainly have more effect to slow the overall economy in the long-term, but the automotive debt has the potential to hit us in the guy in the short- and mid-term timeframes. It's a milder case of the mortgage crisis that hit us in 2009.
    I see what you guys are getting at. Can't disagree. Winter is coming.
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    Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

    Payless Shoes are shuttering their remaining 2,100 stores and liquidating everything.
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