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WTF is wrong with the left?

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murphstahoe

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Re: WTF is wrong with the left?
« Reply #2895 on: November 03, 2022, 11:10:23 PM »
Quote from: ThePAMan on November 03, 2022, 10:54:45 PM
Yeah, sales tax revenue goes up, but guess what also goes up? All the shit governments buy to get shit done.

Damn you beat me to it.
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illiniray

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Re: WTF is wrong with the left?
« Reply #2896 on: November 03, 2022, 11:30:12 PM »
Evidently, in many states and localities; the increase in tax revenues has surpassed  the increase in expenses.
« Last Edit: November 03, 2022, 11:48:07 PM by illiniray »
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ThePAMan

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Re: WTF is wrong with the left?
« Reply #2897 on: November 03, 2022, 11:39:55 PM »
I hope Danny Parkins has better takes than Nichi on these issues.
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Custard

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Re: WTF is wrong with the left?
« Reply #2898 on: November 04, 2022, 12:10:44 AM »
This has been a glorious read this evening. Thanks gentlemen.
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Somewhere in Mn

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Re: WTF is wrong with the left?
« Reply #2899 on: November 04, 2022, 07:12:04 AM »
Do not put more young black males in jail.
You can't put him in jail.
We have to re-imagine policing.
It's the fault of the DA and the police. They should have charged him correctly.

Same people.
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Jobu

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Re: WTF is wrong with the left?
« Reply #2900 on: November 04, 2022, 09:59:14 AM »
Quote from: ThePAMan on November 03, 2022, 11:39:55 PM
I hope Danny Parkins has better takes than Nichi on these issues.

Danny Parkins is definitely the straw that stirs the drink.

And yes, Nichi's takes on this are...well...entertaining I guess.
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Reacher

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Re: WTF is wrong with the left?
« Reply #2901 on: November 04, 2022, 10:47:11 AM »
Quote from: ThePAMan on November 03, 2022, 01:22:31 PM
I am curious as to the positive side effects of crime. It showed what a farce Defund the Police was/is? It showed how inept "progressive" District/State's Attorneys are? I hang up and listen to your answer.

It is arguable that Biden exacerbated inflation with his spending package. We can only speculate how much worse it would have been if Joe Manchin had gone along with the whole spending package. Again, a lot of moronic assholes who like to lose elections people owe Joe Manchin a big apology.

Lol WTF

https://www.reuters.com/business/energy/shell-reports-95-bln-profit-q3-plans-raise-dividend-2022-10-27/

Stop falling for the banana in the tail-pipe. Government spending didn’t cause runaway inflation, predatory corporate practices did.

Shell’s quarterly profits “fall” to 9.45 billion with billions in buybacks announced. You are a corporate democrat hack.
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Custard

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Re: WTF is wrong with the left?
« Reply #2902 on: November 04, 2022, 12:28:31 PM »
Disrupting supply chains with retarded lockdowns and then pumping trillions of dollars into the economy (creating artificial demand) on the heels of the supply disruption is precisely why we have high inflation. I’ve seen a lot of mental gymnastics done here and other places to deflect from that simple fact, but that’s pretty much it.
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Somewhere in Mn

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Re: WTF is wrong with the left?
« Reply #2903 on: November 04, 2022, 12:49:10 PM »
Quote from: Custard on November 04, 2022, 12:28:31 PM
Disrupting supply chains with retarded lockdowns and then pumping trillions of dollars into the economy (creating artificial demand) on the heels of the supply disruption is precisely why we have high inflation. I’ve seen a lot of mental gymnastics done here and other places to deflect from that simple fact, but that’s pretty much it.
Jim Clyburn approves this message.

https://twitter.com/i/status/1583107374801252353
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illiniray

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Re: WTF is wrong with the left?
« Reply #2904 on: November 04, 2022, 02:09:48 PM »
A man earning $8000 a year buys a $15000 home in 1966, with a fixed rate 20 year mortgage @ 3%. By 1982, he is earning $24000 a year, his house is worth $45,000, his mortgage is almost paid, he is getting 12% on his money market checking account. Yes, his taxes, insurance, food budget, utilities, car payment, etc. have all increased too. However, he has net profited from inflation.
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murphstahoe

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Re: WTF is wrong with the left?
« Reply #2905 on: November 04, 2022, 02:16:54 PM »
Quote from: illiniray on November 04, 2022, 02:09:48 PM
A man earning $8000 a year buys a $15000 home in 1966, with a fixed rate 20 year mortgage @ 3%. By 1982, he is earning $24000 a year, his house is worth $45,000, his mortgage is almost paid, he is getting 12% on his money market checking account. Yes, his taxes, insurance, food budget, utilities, car payment, etc. have all increased too. However, he has net profited from inflation.

Correct by construction. If the dollar is worth is becoming worth less, then shorting the dollar by taking on debt, is great.

The one problem with your analysis is that (wage) earnings don't continue to inflate as you age, you start to top out, hit age discrimination, and retire.

This notes a very funny thing about old GOP'ers talking about "leaving debt for our kids". The kids will be all right, the kids benefit from inflation, because they are taking on debt and are having an increase in wages. If the dollar was inflated to the point it is worth nothing, then all debt is effectively erased, and their labor is still of inherent value, while old people have any cash asset reduced to zero and have no labor value.
« Last Edit: November 04, 2022, 02:19:23 PM by murphstahoe »
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illiniray

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Re: WTF is wrong with the left?
« Reply #2906 on: November 04, 2022, 02:34:17 PM »
As for those retarded (mostly partial) lockdowns:

'Lockdown measures did what they were supposed to. When they were enforced rigorously enough to reduce people’s social contacts sharply, they shrank COVID-19 outbreaks; several studies had demonstrated this."

'Most scientists agree that lockdowns did curb COVID-19 deaths and that governments had little option but to restrict people’s social contacts in early 2020, to stem SARS-CoV-2’s spread and avert the collapse of health-care systems."

"...it’s clear that lockdowns had huge costs, and there is debate about the utility of any subsequent lockdown measures. School and university closures disrupted education. Closing businesses contributed to financial and social hardship, mental ill health and economic downturns."

"There’s a fundamental difficulty with analysing the effects of COVID-19 lockdowns: it is hard to know what would have happened in their absence."

"...rising deaths would probably have changed people’s behaviour. [even without mandated lockdowns]

That happened in Florida, for instance, where data show a reduction in mobility during the first wave about two weeks before lockdowns"
https://www.nature.com/articles/d41586-022-02823-4
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illiniray

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Re: WTF is wrong with the left?
« Reply #2907 on: November 04, 2022, 02:52:40 PM »
Quote from: murphstahoe on November 04, 2022, 02:16:54 PM
Correct by construction. If the dollar is worth is becoming worth less, then shorting the dollar by taking on debt, is great.

The one problem with your analysis is that (wage) earnings don't continue to inflate as you age, you start to top out, hit age discrimination, and retire.

This notes a very funny thing about old GOP'ers talking about "leaving debt for our kids". The kids will be all right, the kids benefit from inflation, because they are taking on debt and are having an increase in wages. If the dollar was inflated to the point it is worth nothing, then all debt is effectively erased, and their labor is still of inherent value, while old people have any cash asset reduced to zero and have no labor value.

The model just shows how someone can benefit from inflation. Yes, his expenses increased. However, his increase in revenues and equity growth surpassed that. People who played their cards right did well enough.
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Somewhere in Mn

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Re: WTF is wrong with the left?
« Reply #2908 on: November 04, 2022, 02:58:06 PM »
Maybe, just maybe, starting on Feb 1, 2020 the gain of function research advocates could have been a little more honest with the world.

Maybe, just maybe, you don't put covid positive people into nursing homes.

Maybe, just maybe, you don't hold masked kids out of school while adults go out to restaurants.
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illiniray

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Re: WTF is wrong with the left?
« Reply #2909 on: November 04, 2022, 04:17:56 PM »
So when the government invests money; it creates artificial demand? Do people buy artificial food, artificial home repairs, artificial clothing, artificial cars, pay artificial bills ... ?
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