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(01-06-2021, 09:02 AM)SeldomRite Wrote: [ -> ]
(01-06-2021, 08:58 AM)jj82284 Wrote: [ -> ]what do you mean?

Probably talking about a congregation of violent right-wing extremists that would like to overthrow democracy.

https://www.usatoday.com/story/news/nati...132441001/

Again, you are seldom right.
(01-05-2021, 07:01 PM)TJBender Wrote: [ -> ]
(01-05-2021, 06:51 PM)jagibelieve Wrote: [ -> ]Real stimulus would be cutting taxes.

And where do you make that money up?

This is not an endorsement of income tax on my part, but if you're going to cut taxes again and this country's already stuck in deficit purgatory, rapidly approaching burning in inflationary hell, where does that get made up? The country still has to run.

Cutting taxes doesn't significantly drive short term market stimulus.  Considering several of the most common;
 
Income   Federal and possibly State, depending where you live/work, but those who most need help to survive are already paying minimal amounts.

Property   Municipal and in most cases, there's no room for reduction without matching budget cuts.  Some municipalities have opted for a very forgiving stance on requests for abatement of late payment penalties and interest during the pandemic.  That's helpful to struggling property owners, but doesn't provide any extra disposable income.

Sales    State and occasionally municipal, but again, those who need help aren't buying that much.  It would help stimulate big dollar purchases, cars, boats, RV's, etc. but an incentive that allows the tax-free purchase of a new Mercedes would generate a political firestorm.

Estate   Federal exemption is currently 11.4 million (see Mercedes/firestorm comment above) and about 25% of states also have their own.  People are dying for this one.

Lodging/Meals   State and occasionally municipal.  6-10% in most places, higher in a few others.  Again budget issues, but far better to sacrifice the tax and help business that have been so hard hit.  I don't think it will provide a significant stimulus, but every little bit helps and it makes good press.

Capital gains  The controversial one!  Fed & state both getting a nice chunk of the pie!  Reductions in long term rates would stimulate real estate development, but it takes years for the benefit to be fully realized.  Short term reduction could have a big impact, but it will be publicly perceived as a benefit to the Wall Street crowd so.....

Fuel   Federal and state.  Usage driven, not much help to most consumers at the transportation level.  The trucking industry has more work than it can handle so it's not in danger.  A reduction in heating cost would help much of the country, especially those in the north.
The irony of a Democrat-run city telling residents to stay home to avoid making the violent protesters who are sure to cause chaos is RICH. Such hypocrisy.

Only Wisconsin spoke out against the riots in their state last year and likely because Trump said any state that allowed it to go on unchecked would not receive federal money to repair the damage done.
(01-06-2021, 12:56 PM)americus 2.0 Wrote: [ -> ]The irony of a Democrat-run city telling residents to stay home to avoid making the violent protesters who are sure to cause chaos is RICH. Such hypocrisy.  

Only Wisconsin spoke out against the riots in their state last year and likely because Trump said any state that allowed it to go on unchecked would not receive federal money to repair the damage done.

They got what they wanted. They can pack up BLM, Antifa, and the pitchforks for another 2 years until they need them again. BLM will probably not be too happy when they realize they have been kicked to the curb and were only used as a pawn.
(01-05-2021, 11:08 PM)mikesez Wrote: [ -> ]
(01-05-2021, 09:46 PM)Sneakers Wrote: [ -> ]Two problems with "free money"; 

1)  What tax burden are we ultimately just imposing on ourselves and/or deferring to our children?

2)  The National Debt is currently at $27,678,337,188,396 and increasing about 7 grand per second.  How high can it go without collapse?  What's the magic number, beyond which the house of cards comes tumbling down?

There is no quantitative easing right now, and the market is letting the feds borrow money with interest rates lower than inflation, so it's partially free money.
Other countries are also increasing their debt, also due to covid, so debt is unlikely to disrupt the balance of trade at this time.
If borrowing increases to the point where the market demands higher interest rates, quantitative easing could begin again.  People say that's a recipe for inflation but it's only a partial recipe.  An excess of money doesn't become inflation unless there is also a shortage of goods.  There has been slack in most production facilities since 2007; shortages also seem unlikely.  
Except for food crops.  If there's ever like the corn version of Covid, or the soybean version of spanish flu, or climate change creating drought beyond what even the doomsayers predict, that's when all of the above becomes null and void. We won't have food shortages unless stuff like that that happens.

Forget food shortages, the real crisis is in fresh water, though the public doesn't seem to realize just how dire it will be very soon.
(01-06-2021, 02:03 PM)flsprtsgod Wrote: [ -> ]
(01-05-2021, 11:08 PM)mikesez Wrote: [ -> ]There is no quantitative easing right now, and the market is letting the feds borrow money with interest rates lower than inflation, so it's partially free money.
Other countries are also increasing their debt, also due to covid, so debt is unlikely to disrupt the balance of trade at this time.
If borrowing increases to the point where the market demands higher interest rates, quantitative easing could begin again.  People say that's a recipe for inflation but it's only a partial recipe.  An excess of money doesn't become inflation unless there is also a shortage of goods.  There has been slack in most production facilities since 2007; shortages also seem unlikely.  
Except for food crops.  If there's ever like the corn version of Covid, or the soybean version of spanish flu, or climate change creating drought beyond what even the doomsayers predict, that's when all of the above becomes null and void. We won't have food shortages unless stuff like that that happens.

Forget food shortages, the real crisis is in fresh water, though the public doesn't seem to realize just how dire it will be very soon.

Plenty of water if you stop wasting it on growing food.  Food should be grown at the equator.  We continue to bow to farming that wastes a precious resource.
(01-06-2021, 08:24 PM)captivating Wrote: [ -> ]
(01-06-2021, 02:03 PM)flsprtsgod Wrote: [ -> ]Forget food shortages, the real crisis is in fresh water, though the public doesn't seem to realize just how dire it will be very soon.

Plenty of water if you stop wasting it on growing food.  Food should be grown at the equator.  We continue to bow to farming that wastes a precious resource.

So we should rely on other countries for our food source? That sounds as crazy as relying on China for our drugs. Oh wait...
(01-06-2021, 08:28 PM)StroudCrowd1 Wrote: [ -> ]
(01-06-2021, 08:24 PM)captivating Wrote: [ -> ]Plenty of water if you stop wasting it on growing food.  Food should be grown at the equator.  We continue to bow to farming that wastes a precious resource.

So we should rely on other countries for our food source? That sounds as crazy as relying on China for our drugs. Oh wait...

Correct, the United States food production strength is a serious strategic power that must be maintained.

Reducing water use with better methods is needed, but food production is something that should never be left up to potentially hostile entities.
(01-06-2021, 08:28 PM)StroudCrowd1 Wrote: [ -> ]
(01-06-2021, 08:24 PM)captivating Wrote: [ -> ]Plenty of water if you stop wasting it on growing food.  Food should be grown at the equator.  We continue to bow to farming that wastes a precious resource.

So we should rely on other countries for our food source? That sounds as crazy as relying on China for our drugs. Oh wait...

Don't forget all the jobs the food industry generates.  How do you intend to make up the for the surge in unemployment?
(01-06-2021, 08:24 PM)captivating Wrote: [ -> ]
(01-06-2021, 02:03 PM)flsprtsgod Wrote: [ -> ]Forget food shortages, the real crisis is in fresh water, though the public doesn't seem to realize just how dire it will be very soon.

Plenty of water if you stop wasting it on growing food.  Food should be grown at the equator.  We continue to bow to farming that wastes a precious resource.

https://www.youtube.com/watch?v=lUTZmSyDErg
(01-07-2021, 08:26 AM)Sneakers Wrote: [ -> ]
(01-06-2021, 08:28 PM)StroudCrowd1 Wrote: [ -> ]So we should rely on other countries for our food source? That sounds as crazy as relying on China for our drugs. Oh wait...

Don't forget all the jobs the food industry generates.  How do you intend to make up the for the surge in unemployment?

These people are off their rocker. Instead of working so hard to turn us into China, they should just move there.
(01-07-2021, 02:44 PM)TJBender Wrote: [ -> ]
(01-06-2021, 08:24 PM)captivating Wrote: [ -> ]Plenty of water if you stop wasting it on growing food.  Food should be grown at the equator.  We continue to bow to farming that wastes a precious resource.

https://www.youtube.com/watch?v=lUTZmSyDErg

I have to watch this movie again. It's been a while.
(01-07-2021, 02:57 PM)homebiscuit Wrote: [ -> ]
(01-07-2021, 02:44 PM)TJBender Wrote: [ -> ]https://www.youtube.com/watch?v=lUTZmSyDErg

I have to watch this movie again. It's been a while.

We are living it dude. No need to watch it.
(01-07-2021, 02:57 PM)StroudCrowd1 Wrote: [ -> ]
(01-07-2021, 02:57 PM)homebiscuit Wrote: [ -> ]I have to watch this movie again. It's been a while.

We are living it dude. No need to watch it.

It now has control of congress..
(01-07-2021, 03:25 PM)WingerDinger Wrote: [ -> ]
(01-07-2021, 02:57 PM)StroudCrowd1 Wrote: [ -> ]We are living it dude. No need to watch it.

It now has control of congress..

Lol. No.
There are idiots in Congress, as always, but until 2017 the President at least wasn't an idiot.
Which man behaves more like Mountain Dew Camacho?
Trump or Biden?
(01-07-2021, 04:18 PM)mikesez Wrote: [ -> ]
(01-07-2021, 03:25 PM)WingerDinger Wrote: [ -> ]It now has control of congress..

Lol. No.
There are idiots in Congress, as always, but until 2017 the President at least wasn't an idiot.
Which man behaves more like Mountain Dew Camacho?
Trump or Biden?

When Biden’s asked his name, he says, “Not sure,” and he means it.
(01-07-2021, 07:20 AM)SeldomRite Wrote: [ -> ]
(01-06-2021, 08:28 PM)StroudCrowd1 Wrote: [ -> ]So we should rely on other countries for our food source? That sounds as crazy as relying on China for our drugs. Oh wait...

Correct, the United States food production strength is a serious strategic power that must be maintained.

Reducing water use with better methods is needed, but food production is something that should never be left up to potentially hostile entities.

and what do you do when the water runs out?  Action needs to be taken now to stop water intensive crop farming. Stop alfalfa and rice and cotton growth in the US as they use the most water (obscene amounts of water).
(01-07-2021, 09:38 PM)captivating Wrote: [ -> ]
(01-07-2021, 07:20 AM)SeldomRite Wrote: [ -> ]Correct, the United States food production strength is a serious strategic power that must be maintained.

Reducing water use with better methods is needed, but food production is something that should never be left up to potentially hostile entities.

and what do you do when the water runs out?  Action needs to be taken now to stop water intensive crop farming. Stop alfalfa and rice and cotton growth in the US as they use the most water (obscene amounts of water).

Water supply is a local problem. When water runs out so does the farming. Either those farms will switch to something else or be shut down.

The bigger problem, in my opinion, is allowing industry that destroys water supply. Things like toxic products being dumped into rivers and lakes (we have big problems with this in Florida) or allowing things like the keystone xl pipeline be built over massive water supply areas, putting them at great risk.

People have to be made to accept higher prices for some things for the sake of a sustainable food and water supply.
(01-08-2021, 08:21 AM)SeldomRite Wrote: [ -> ]
(01-07-2021, 09:38 PM)captivating Wrote: [ -> ]and what do you do when the water runs out?  Action needs to be taken now to stop water intensive crop farming. Stop alfalfa and rice and cotton growth in the US as they use the most water (obscene amounts of water).

Water supply is a local problem. When water runs out so does the farming. Either those farms will switch to something else or be shut down.

Someone says something like this, someone else misinterprets it and has a stupid idea, they convince a bunch of stupid scientists to do a bunch of stupid studies on their stupid idea, the scientists come to a stupid conclusion but everyone thinks they're geniuses because even though it's a stupid solution, the stupid scientists convince stupid everyone else that it's a great solution, and this is how your crops get watered with Gatorade.
(01-09-2021, 01:02 AM)TJBender Wrote: [ -> ]
(01-08-2021, 08:21 AM)SeldomRite Wrote: [ -> ]Water supply is a local problem. When water runs out so does the farming. Either those farms will switch to something else or be shut down.

Someone says something like this, someone else misinterprets it and has a stupid idea, they convince a bunch of stupid scientists to do a bunch of stupid studies on their stupid idea, the scientists come to a stupid conclusion but everyone thinks they're geniuses because even though it's a stupid solution, the stupid scientists convince stupid everyone else that it's a great solution, and this is how your crops get watered with Gatorade.

One would really have to misunderstand how growing plants works to interpret the sentence as anything other than crop selection, but it's certainly a good point about the ambiguity of commonly used language.  Laughing
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