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Catfish Bob

0% payroll tax!!!!!!

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On 3/11/2020 at 1:59 AM, Catfish Bob said:

I still remember getting my first ever tax included paycheck at 15 years old and being absolutely shocked at how much they stole.

Paying taxes to live in a civil society is not theft. It's our duty and obligation if we wish to keep the wheels on. There'll always be fervent debate regarding the nature and amount of taxation, but that's why we elect representatives.

 

Likewise for programs such as Social Security and Medicare. We pay into these because it's the right thing to do if we believe that being a citizen in a republic is preferable to being a subject in a dictatorship.

 

We're going to find out over the next half-year just why these things are important. I hope everyone is stocked up and ready to ride one helluva wave. Hoping that everyone and their families remain safe and healthy.

 

In any case, current discussions about not giving a payroll tax cut and instead sending out a blanket UBI for the term of this crisis is a smart move by the Trump admin. That's because if the virus does the damage that sane people think it will do, then we'll probably tip over onto a Depression. Trying to meliorate the economic impact that makes sense. It'll at least be a reach-around for the fucking that is waiting around the corner.

 

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6 hours ago, Catfish Bob said:

I guess you like to dress up like a woman,,,huh?     yeah that fine and all but forcing that shit upon kids is fucked up.

 

I've never tried it.  Clearly you've given it much more thought than I have.  Do what you feel, bro.

 

Here's a pic of WW2 British soldiers who had their drag performance rudely interrupted by the Nazis, manning their guns. I'm sure you'd kick all their pansy asses though.

 

0_PAY-Gunners-in-Drag.jpg

 

 

Not sure what "shit" is being "forced" on kids.  Were they herded in at gunpoint from the surrounding neighborhoods & forced to attend library story time?  

 

Nobody is forcing anything on anyone here.  Don't like it, don't send your kids there.  Simple.

 

My advice would be to find better shit to be mad about.  There are plenty of options.

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15 hours ago, T-Dub said:

:offtopic:

 

How much more obvious could it be that we need a robust & comprehensive public health system?   Instead of throwing money at everyone let's maybe spend it on making sure we're ahead of this shit next time.

 

 

 

 

Can't do that.


Socialism.

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1 hour ago, Homer_Rice said:

 

Paying taxes to live in a civil society is not theft. It's our duty and obligation if we wish to keep the wheels on. There'll always be fervent debate regarding the nature and amount of taxation, but that's why we elect representatives.

 

Likewise for programs such as Social Security and Medicare. We pay into these because it's the right thing to do if we believe that being a citizen in a republic is preferable to being a subject in a dictatorship.

 

We're going to find out over the next half-year just why these things are important. I hope everyone is stocked up and ready to ride one helluva wave. Hoping that everyone and their families remain safe and healthy.

 

In any case, current discussions about not giving a payroll tax cut and instead sending out a blanket UBI for the term of this crisis is a smart move by the Trump admin. That's because if the virus does the damage that sane people think it will do, then we'll probably tip over onto a Depression. Trying to meliorate the economic impact that makes sense. It'll at least be a reach-around for the fucking that is waiting around the corner.

 

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Yeah I suspected a recession out of this, the idea of a depression is probably accurate too but I'm afraid of that idea in my head right now.

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1 hour ago, Jamie_B said:

 

 

Yeah I suspected a recession out of this, the idea of a depression is probably accurate too but I'm afraid of that idea in my head right now.

 

 

Trump kept sweating the Fed to lower interest rates to make it seem like the economy would keep growing like that forever (or at least until the election.)  Predictably, now that there's a reason to do so beyond stroking his ego,  they're left with no room to maneuver.  

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5 hours ago, T-Dub said:

 

 

Trump kept sweating the Fed to lower interest rates to make it seem like the economy would keep growing like that forever (or at least until the election.)  Predictably, now that there's a reason to do so beyond stroking his ego,  they're left with no room to maneuver.  

Oh I know, I mostly just am worried about what a depression actually means for people.

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On 3/18/2020 at 7:48 AM, T-Dub said:

 

I've never tried it.  Clearly you've given it much more thought than I have.  Do what you feel, bro.

 

Here's a pic of WW2 British soldiers who had their drag performance rudely interrupted by the Nazis, manning their guns. I'm sure you'd kick all their pansy asses though.

 

0_PAY-Gunners-in-Drag.jpg

 

 

Not sure what "shit" is being "forced" on kids.  Were they herded in at gunpoint from the surrounding neighborhoods & forced to attend library story time?  

 

Nobody is forcing anything on anyone here.  Don't like it, don't send your kids there.  Simple.

 

My advice would be to find better shit to be mad about.  There are plenty of options.

Nobody mad brah. 

 

I forget as a child I was able to make all my own decisions and wasn't subject to being coerced into doing dumb shit that some asshole convinced my mother was a good idea. 

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34 minutes ago, Catfish Bob said:

Nobody mad brah. 

 

I forget as a child I was able to make all my own decisions

 

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Sure you were, guy. Sure you were.

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On 3/23/2020 at 9:36 PM, Catfish Bob said:

It looks like everything might be headed to zero besides hard assets. 

where do you see this?

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On 3/25/2020 at 3:45 PM, Jamie_B said:

where do you see this?

I'm a small time trader and day trader of crypto. For about seven years now.

All of the markets are barely hanging on by a hair. Another bailout and this time $2.2T. That 2.2T is just added to the credit card. That sends the national debt over 25/26T. But without getting too deep. 

To answer your question more the stock market (paper assets) are getting washed. These last few days we have seen what is referred to as a "dead cat bounce." I've seen this over and over in small alt currency markets where the underlining asset crashes 50% or more than bounces back up about 10% or more before ultimately crashing another 50%. These numbers I'm throwing out are just hypothetical. There is not officially a up and down amount to be considered a dead cat bounce.

But it goes a lot deeper too. I'm only privy to the lowest level of clarification to see order books on the stock exchanges. Therefore I cannot see very deep but from people I know who can they're telling me it's dry as a mf at the moment.  Which means everything could come way down again very easily. 

 

Now on the other hand hard assets are going to go up. Silver demand has risen 300% with this pandemic. The u.s mint is out of silver eagles and I think (not 100% sure) currently shutdown. 

Physical Real estate I cannot speak on other than a lot of REITS are looking like they are at the end of the road. mREITs looking like pure financial suicide at this point. 

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It's crazy how everything has just changed with a flick of a switch. We need to get everyone back to working, producing. We need ball games. High risk people of flu need stay home but everyone else needs get back to school and everything before there's nothing to go back to. 

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13 minutes ago, Catfish Bob said:

It's crazy how everything has just changed with a flick of a switch. We need to get everyone back to working, producing. We need ball games. High risk people of flu need stay home but everyone else needs get back to school and everything before there's nothing to go back to. 

 

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17 hours ago, Catfish Bob said:

It's crazy how everything has just changed with a flick of a switch. We need to get everyone back to working, producing. We need ball games. High risk people of flu need stay home but everyone else needs get back to school and everything before there's nothing to go back to. 

I've not seen anything suggesting that we now have 0% payroll tax.

 

As to this post putting people back to work before the curve has flattened puts the public at large at greater risk. We can't assume this is only related to older and sicker people, there have been young and healthy people dying.

 

A few things we can and should do. Put a moratorium on all rent and utilities being collected until June 1. 

Get cash in people's hands right now., which means everyone, Dont means test it you put up red tape that keeps people from getting it who need it. You can tax the richer people to get it back later.

 

Some things to consider for the future

- 3.2 million people out of work now without health insurance, this adds to the problem because people cant be tested or will avoid it, this effects everyone not just these people. We need a healthcare system that covers everyone regardless of ability to pay that isn't tied to employment. We need Medicare for all.

 

- We dont know how long this is going to last with any certainty, China's curve if they are reporting honestly which I doubt, has flattened but they are also starting to see some people who passed the test who are now getting it. That kind of bounce needs to be considered. What this means is it could effect voting, which is why we need same day registration.

 

- Long term we are too reliant on the airlines and trucking for delivery with regard to our infrastructure, we need high speed rail

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On 3/12/2020 at 7:44 AM, T-Dub said:

 

Do you think the kids had any kind of problem with it?

he said he is in louisville, the drag queens are the only ones who can fucking read there.

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5 hours ago, Jamie_B said:

I've not seen anything suggesting that we now have 0% payroll tax.

 

As to this post putting people back to work before the curve has flattened puts the public at large at greater risk. We can't assume this is only related to older and sicker people, there have been young and healthy people dying.

 

A few things we can and should do. Put a moratorium on all rent and utilities being collected until June 1. 

Get cash in people's hands right now., which means everyone, Dont means test it you put up red tape that keeps people from getting it who need it. You can tax the richer people to get it back later.

 

Some things to consider for the future

- 3.2 million people out of work now without health insurance, this adds to the problem because people cant be tested or will avoid it, this effects everyone not just these people. We need a healthcare system that covers everyone regardless of ability to pay that isn't tied to employment. We need Medicare for all.

 

- We dont know how long this is going to last with any certainty, China's curve if they are reporting honestly which I doubt, has flattened but they are also starting to see some people who passed the test who are now getting it. That kind of bounce needs to be considered. What this means is it could effect voting, which is why we need same day registration.

 

- Long term we are too reliant on the airlines and trucking for delivery with regard to our infrastructure, we need high speed rail

 

On board with this for the most part but 2 things I'm focusing on:

 

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Put a moratorium on all rent and utilities being collected until June 1. 

 

 

My landlord is an older guy with 2 properties and I'm pretty sure is reliant on that income.  Plus, if I don't pay him for 3 months, that only puts me in debt.  $1200 is a month's rent for most people.  Add 3 months of utilities to that & it's going to add up pretty quick.

 

 

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- Long term we are too reliant on the airlines and trucking for delivery with regard to our infrastructure, we need high speed rail

 

Our infrastructure in general is shit.  With the unemployment rate soaring seems to me the time is ripe for some kind of WPA-like nationwide project to bring us into the 21st century.  Redundant power grid designed to be plug-n-play for future electric vehicles backed by wind/solar/geothermal sources, hardened fiber optic comm circuits, bridges that don't fall the fuck down during rush hour, intercity rail that's faster than a steam locomotive...  I think we're capable of all that?

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I suppose I could be on board with paying rent for people who are working (I am telecommuting, and thank God my company has unclassified work for me right now) so for those people life has not changed all that much, what would be your solution for people like my cousin who was just laid off?

 

100% agree with a WPA program right now and for the foreseeable short term to mid term future, that said those jobs need some spin up time too I would think?

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