If money is fake, why do you want more of it?

I seriously don't.

I want to destroy this [BLEEP] system. Want to join?

HELL no.  I like money, and I want more of it.  

But, since it's fake, just give me your money.  Then we'll both be happy!

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It is in every sense of the word.

Money doesn't take minerals from the land and transform them into things we use. Money is a lie fabricated to control us.

If money is fake, why do you want more of it?

Social conditioning, they make you believe it has value so that you waste your life chasing it. Meanwhile they use their control of it to steal your life from you for their benefit.

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“An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato

If money is fake, why do you want more of it?

Social conditioning, they make you believe it has value so that you waste your life chasing it. Meanwhile they use their control of it to steal your life from you for their benefit.

??

Karl, is that you?

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Social conditioning, they make you believe it has value so that you waste your life chasing it. Meanwhile they use their control of it to steal your life from you for their benefit.

??

Karl, is that you?

So you describe the intrinsic and inherent value on a piece of cotton paper

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??

Karl, is that you?

So you describe the intrinsic and inherent value on a piece of cotton paper

Money is a tool of free enterprise. You can choose to engage and earn as much as you want, or not. What currency do you have in mind that enables free trade and rewards ambition and achievement?

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??

Karl, is that you?

So you describe the intrinsic and inherent value on a piece of cotton paper

Take the ordinary $1 bill, for example.  About 35,000 of them will buy you a brand new Toyota Camry.  That proves it is worth something.   It has value.

If you're going to troll, you need to do a lot better than this.  This is really weak.

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So you describe the intrinsic and inherent value on a piece of cotton paper

Take the ordinary $1 bill, for example.  About 35,000 of them will buy you a brand new Toyota Camry.  That proves it is worth something.   It has value.

If you're going to troll, you need to do a lot better than this.  This is really weak.

It's just...bizarre.

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Take the ordinary $1 bill, for example.  About 35,000 of them will buy you a brand new Toyota Camry.  That proves it is worth something.   It has value.

If you're going to troll, you need to do a lot better than this.  This is really weak.

It's just...bizarre.

No.. what's bizarre is putting faith in cloth.

Sounds familiar though

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What "special deduction" are you talking about?

A regular "C" Corp files a Form 1120 as their income tax return and an "S" Corp (pass thru entity) files a Form 1120-S.
Both forms report total income at the top.
Both forms report "ordinary and necessary" expenses in the middle.
And both forms subtract expenses from income to arrive at Net Income.

The C Corp then pays income tax on the Net Income at the more favorable Corporate tax rate NOT the Ordinary Income tax rate.
The S Corp (ie, the pass thru entity) takes the Net Income and issues Forms K-1 to the shareholders.
The recipients of Form K-1 then report the amount on Page 2 of their individual income tax return Form 1040 Sch E where the proceeds are then taxed at the Ordinary Income tax rates and not the more favorable Corporate tax rate.

(Partnerships which are treated as pass thru entities work similarly to "S" Corps except they use a Form 1065 instead of Form 1120-S.  But they still issue K-1 and the partners then report the K-1 income on Page 2 of Form 1040 Sch E where it is taxed as Ordinary income.)

So contrary to what you said pass thru income IS taxed as Ordinary income and not at the more favorable Corporate tax rate nor at the more favorable Capital Gains tax rate.

Where is this "special deduction" that you mentioned?  Is it a line on Form 1120-S?  Is it a line on Form 1040 Sch E?

I think he's talking about the 20% deduction on "qualified business income" which is from the 2017 tax act.  Form 8995.

The Qualified Business Income Deduction is not limited to income from pass thru entities.
Sole proprietors who file Form 1040 Sch C may also qualify for that 20% QBID.

I can't remember whether or not rental property owners who file Form 1040 Sch E or farmers who file Form 1040 Sch F also qualify for that 20% QBID. 
I would hope so since Sch E and Sch F work very similar to Sch C.
{Quick Edit: unless I'm misinterpreting the QBI Flowchart from the IRS web page https://www.irs.gov/instructions/i8995 it appears that Sch E Rental income and Sch F Farming income do qualify for QBID.}

But QBID certainly isn't limited to pass thru income.

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Anyone who doesn’t want their money, let me know and I can store it for you…. Free of charge!

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I think he's talking about the 20% deduction on "qualified business income" which is from the 2017 tax act.  Form 8995.

The Qualified Business Income Deduction is not limited to income from pass thru entities.
Sole proprietors who file Form 1040 Sch C may also qualify for that 20% QBID.

I can't remember whether or not rental property owners who file Form 1040 Sch E or farmers who file Form 1040 Sch F also qualify for that 20% QBID. 
I would hope so since Sch E and Sch F work very similar to Sch C.
{Quick Edit: unless I'm misinterpreting the QBI Flowchart from the IRS web page https://www.irs.gov/instructions/i8995 it appears that Sch E Rental income and Sch F Farming income do qualify for QBID.}

But QBID certainly isn't limited to pass thru income.

I didn't say this deduction was only for "pass through" income. I'm not an accountant.  I don't know the whole code.  I only know the part I pay.  I only know that our taxes got more complicated and also lower after 2017.  Glad to keep the extra money, but it does feel dishonest as we arbitrarily say, "this small amount of money was my salary" and "this larger amount of money passes through to me as the owner of the business.". There's a vague threat of audit if we don't portion it out right also. But what's right?

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My fellow southpaw Mark Brunell will probably always be my favorite Jaguar.

It's fascinating to watch this debate play out in real time.

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Let me put this another way:

The system that enforces fiat currency upon the majority also insulates the wealthy from the repercussions of their market manipulations. As long as the elite do not infringe upon the interests of their peers, they navigate with impunity, shielded from the consequences of actions that, for others, would result in severe penalties. This creates disparity in accountability and influence. The rich operate within a system that is tailored to their advantage and exploit these dynamics to enhance their wealth and power, which, in turn, reinforces their interests while imposing fiat currency's burdens on the masses (as evidenced in this thread).

You are all making an appeal to the system that enforces fiat currency, without explaining why money is real. It's not, and it has different value based on who controls the system. In theory, if the fiat system is controlled by the people, it should work fine, as we are all agreeing to that value. HOWEVER, when people have accrued enough influence to manipulate that system, resting control from the people, they can leverage that to give themselves endless Monopoly money, which is where we are now. I'm not cool with fake and unjust.

Money IS imaginary. The fact that you are burdened by the system that enforced the fiat currency it doesn't make it less so.

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The case for the U.S. dollar being imaginary doesn't ignore its functional reality; people need and use dollars every day, and it holds purchasing power both domestically and internationally. However, its detachment from tangible assets and reliance on governmental authority and public faith reveal its "fakeness" in a philosophical and structural sense.

The fiat system grants central banks, like the Federal Reserve, immense power to manipulate the money supply—printing more money or withdrawing it from circulation—to influence economic conditions. This ability to "create" money out of thin air further underscores the notion of fiat currency as "fake." Unlike commodities or assets that require effort to mine, grow, or produce, fiat money's value is decoupled from physical reality, hinging instead on policy decisions and economic indicators. It's an artificial construct, a necessary one perhaps, but artificial nonetheless, sustained by the very belief in its validity and the systems in place to enforce that belief. If selfish actors capture the institutions of power, then those people exclusively operate from a special place of privilege.

The public private partnership that is at the heart of the new global movement offers a distinct advantage to any elite willing to come on board and play ball. Us peons will feel the weight of the system that protects the assets for the elites, but they will never feel it, because they own it. It's fake to them, for all intents and purposes.

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Exactly right.

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“An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato

The case for the U.S. dollar being imaginary doesn't ignore its functional reality; people need and use dollars every day, and it holds purchasing power both domestically and internationally. However, its detachment from tangible assets and reliance on governmental authority and public faith reveal its "fakeness" in a philosophical and structural sense.

The fiat system grants central banks, like the Federal Reserve, immense power to manipulate the money supply—printing more money or withdrawing it from circulation—to influence economic conditions. This ability to "create" money out of thin air further underscores the notion of fiat currency as "fake." Unlike commodities or assets that require effort to mine, grow, or produce, fiat money's value is decoupled from physical reality, hinging instead on policy decisions and economic indicators. It's an artificial construct, a necessary one perhaps, but artificial nonetheless, sustained by the very belief in its validity and the systems in place to enforce that belief. If selfish actors capture the institutions of power, then those people exclusively operate from a special place of privilege.

The public private partnership that is at the heart of the new global movement offers a distinct advantage to any elite willing to come on board and play ball. Us peons will feel the weight of the system that protects the assets for the elites, but they will never feel it, because they own it. It's fake to them, for all intents and purposes.

I'm reminded of a scene from The Aviator in which Leonardo DiCaprio portrays Howard Hughes. In the scene, Hughes is at the family home of Katharine Hepburn, who he was banging at the time. Hepburn's family was wealthy. When Hughes brought up the subject of finances at the dinner table, the Hepburn matriarch clutches her pearls and says something along the lines of 'We don't discuss money in this house, Mr. Hughes, we're socialists!' To which Hughes responds, 'You don't discuss it because you have it.'

Currently, I'm reading (off and on) American Prometheus, a biography about Robert Oppenheimer and the basis for that most disappointing recent movie. Oppenheimer came from wealth and enjoyed a very privileged upbringing. He turned down a fellowship at Harvard because 'he didn't need the money'. Later in the same chapter, Oppenheimer complains about fraternizing with a certain group because he found them "bourgeois".  

The rich really do think differently than the rest of us. They see financial struggle and the middle class as abstract concepts.

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