Recruiting Forum Football Talk II

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#121,405
#121,405
Devo182 said:
Hedge fund managers and Wall Street would love this the most, along with CEOs paid in stock.

If we are talking secondary market equities and debts, I don't see it doing much. It isn't like if people buy more stocks it affects the economy.

I'm all for taxing passive income. Many bitcoin owners wanted to avoid taxes. I thought that was the most egregious, pompous view. People literally sat back and watched investments grow 1000x, with zero work, and they think they shouldn't pay tax? Meanwhile we tax people working 2 jobs at minimum wage? I think that is BS.



You don't pay taxes on your "hard earned dollars" again. Only on the passively earned gains.

And they are given VERY favorable rates, 15% for most. Much different than most earned income. They are historically low and meanwhile tons are spent on top earners trying to transition refular wages into capital gains. It is basically a tax shelter for some.
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Why don't they cap it then? No capital gains under say 100k? Or make it in relation to your adjusted gross income?
 
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#121,406
#121,406
Just tossing this out there for the knowledgeable economically oriented posters on here that are concerned about the national deficit.

1) What is your understanding of the use and effectivness of SPV's created during bi-partisan approved quantitative easing in the last meltdown a dozen years ago?
2) What is your opinion of the use of SPV's that are created in the CARES Act since it is returning quantitative easing by the Fed?
3) What happened during the Clinton presidency in relation to non-marketable securities to create a supposed budget surplus for a short period of time?
4) What happens if the Fed is neutered while it is holding $25-30 T in debt (treasuries, loans, etc.) as it may within a a couple of years, of which 80% are marketable securities?
5) What happens if the Fed is pushed into bankruptcy by Congress passing a law that abolishes it while it is holding all of that national debt; which by extension returns full monetary policy and administrative control back to the Treasury?
6) Who wins and who loses if the Fed is pushed into bankruptcy?
7) What happens to equity/bond market volatility, currency markets, commodity markets, financing of wars, etc. if the Fed is terminated?
8) What happens to other central banks in other nations in the world if the Fed no longer exists?
9) What happens if a standard is established for currency valuations (gold, market basket of precious metals/resources, etc.) and the dollar is not used for that purpose?
10) What happens if Federal government agencies are eliminated, downsized in scope, or consolidated into other agencies, thereby eliminating excessive payroll, overheads, and regulation?

Just curious if I can pick up some insight from some of you.

Elections have consequences and we have one coming up soon.
 
#121,410
#121,410
hotcypress said:
Take it from a lawyer, none of the rights granted by the constitution are considered absolute. In times of emergency and disaster, the government can make decision to infringe on constitutional rights, and depending on the right, they just have to show that their action was necessary under the circumstances. This doctrine has led to some horrible acts in the past (internment camps, alien and sedition acts, wholesale slaughter of native populations). There's no reason to consider these shutdown/shelter in place restrictions on the same level. Anyone can play the slippery slope game; it's not worth it.

I think a bit of skepticism is a good trait, but in situations like this, it's just stupid to delve into conspiracy theories. No one's coming out on top of this. Global economies are wrecked, and millions of people may die worldwide. No one wins.
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China killed over 60 million of their own people, among many other heinous crimes against humanity, in "The Great Leap Forward" and later "Cultural Revolution"..

Excuse me for thinking their monstrous government doesn't give a crap how many of their people, and especially not ours, that they kill to achieve an end that they want. They are great at the long game.
 
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#121,415
#121,415
Pepe said:
I wouldn't even think of introducing mine
to such substances. I wouldn't be surprised that yours and beer bottles are intimately acquainted.
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Cans...aluminum. If your first thought is glass then your German heritage is showing. 😏
 
#121,416
#121,416
bcmbvol said:
Hey everybody I’m here to ask for a prayer or thought or whatever you can muster at this point. My wife’s grandfather had a fall a couple nights ago. He broke four ribs, and punctured a lung. To make matters worse, he has been struggling with COPD for some time now. All that combined with what appears to be an extended stay in the hospital, things could be better. We are praying for a Passover of sorts. Thanks in advance friends.
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Will do
 
#121,417
#121,417
jakez4ut said:
no matter how long?

eh. i mean there's a limit to everything. right now we're both working, and if that doesn't change, we're good to go. and i don't see my wife losing her job. she's in home health, and they're basically moving most out patient treatment to home health right now, so she's busier than normal. i'm stable, and i've got my fingers crossed it stays that way, but if the worst were to happen, we do have a plan for that, and we've made it a point to save.....we'd probably be "good" for about 6 months before we had to get really creative, and maybe make some difficult choices financially.

why? i know you guys are in a tough spot, and you've had a rough go of it with your family lately...the only thing i have on the horizon close to that is my mom, she's got dimentia/Alz as well, and it's only a matter of time before we have to make some really difficult decisions for her, and my dad really.....so the "when" that comes to fruition will play a big part of the hand we'd have to play....but who knows when that day hits...could be tomorrow, or 2 years from now...

if you're asking in regards to my willingness to stick this out, i mean, i can't deny that situationally, being able absorb a hit and still keep running relatively close to normal, it makes it easier to take that stance. but it still comes with it's own set of obstacles to overcome....i would imagine financially, that's a large obstacle for you guys....hency your urgency to get back to a functioning economy....i think everyone agrees that'd be ideal....

my concern would be if we kicked it back in gear for the sake of kicking it back in gear, not because we could sustain it w/no further interruptions from this virus.......past that, yeah, we need to get back to "normal" as soon as possible.....

i think if we had to shut down a 2nd time this year, it'd have a bigger negative impact that this go around, no matter how long it lasts....i understand that is not a one size fits all perspective....and you likely disagree, for probably obvious reasons relative to your situation.....and i get that....it sucks. and i know there's a lot of people that need to get back up and running so they can get back to work...no money, or very little money, coming in is adding more stress to an already stressful time.....there's not a lot of good choices here.....i think no matter what we do, there's going to be an unfortunate fallout.
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My wife is normally Activities Director at a large Adult Day Care facility, but she volunteered to do home health instead of taking the offered layoff because they didn't have enough staff to help everybody since all clients are at home for the duration of this mess.
 
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#121,419
#121,419
Big Gucci Sosa said:
Saw this on VQ but we should do a VN RF posters zoom happy hour sometime soon :D
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Ready!
nerd1.gif
 
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#121,420
#121,420
OrangenSC said:
We're slowly becoming desensitized to government control. Too many are asleep. I hate the use of the word "woke", but many need to become woke to what's happening. And I'm not talking just about this.
Twelve years ago, or less, relatively few would've given the concept of the Affordable Care Act a chance of happening. Now, not only do we have that, we also have a dangerously growing acceptance of socialism in general. And this is precisely what the concept of slippery slope is about. Or maybe the analogy of the frog in the pan of water. Either way we're getting there.
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Not really, but that’s ok.
 
#121,422
#121,422
jakez4ut said:
no matter how long?

eh. i mean there's a limit to everything. right now we're both working, and if that doesn't change, we're good to go. and i don't see my wife losing her job. she's in home health, and they're basically moving most out patient treatment to home health right now, so she's busier than normal. i'm stable, and i've got my fingers crossed it stays that way, but if the worst were to happen, we do have a plan for that, and we've made it a point to save.....we'd probably be "good" for about 6 months before we had to get really creative, and maybe make some difficult choices financially.

why? i know you guys are in a tough spot, and you've had a rough go of it with your family lately...the only thing i have on the horizon close to that is my mom, she's got dimentia/Alz as well, and it's only a matter of time before we have to make some really difficult decisions for her, and my dad really.....so the "when" that comes to fruition will play a big part of the hand we'd have to play....but who knows when that day hits...could be tomorrow, or 2 years from now...

if you're asking in regards to my willingness to stick this out, i mean, i can't deny that situationally, being able absorb a hit and still keep running relatively close to normal, it makes it easier to take that stance. but it still comes with it's own set of obstacles to overcome....i would imagine financially, that's a large obstacle for you guys....hency your urgency to get back to a functioning economy....i think everyone agrees that'd be ideal....

my concern would be if we kicked it back in gear for the sake of kicking it back in gear, not because we could sustain it w/no further interruptions from this virus.......past that, yeah, we need to get back to "normal" as soon as possible.....

i think if we had to shut down a 2nd time this year, it'd have a bigger negative impact that this go around, no matter how long it lasts....i understand that is not a one size fits all perspective....and you likely disagree, for probably obvious reasons relative to your situation.....and i get that....it sucks. and i know there's a lot of people that need to get back up and running so they can get back to work...no money, or very little money, coming in is adding more stress to an already stressful time.....there's not a lot of good choices here.....i think no matter what we do, there's going to be an unfortunate fallout.
Click to expand...
Also...I was just curious because I want to study different people's situation..this is unprecedented, and a lot can be learned to help people in the future.

I have several dear friends that are in serious danger of losing everything unless some liquidity happens.

Also...just found out friday my FiL has cancer on top of early dementia, his heart working at 25%, kidneys at 15% and scirocis of the liver....so....yippee for that I guess..😵
 
#121,423
#121,423
Devo182 said:
Watching 2015 vs UGA, saw this stat through 30 games:

Dooley 14-16
Jones 14-16

SEC:
Dooley 4-14
Jones 5-13

For reference, through 25 games
Pruitt is 13-12 overall
7-9 SEC
Click to expand...

Both Dooley and Jones inherited terrible rosters. Pruitt is better at developing talent.
 
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