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In Reply to: RE: I'm told by reliable sources posted by Steve O on November 20, 2023 at 06:31:32
I'll play. Your *reliable sources* aren't very informed.
Wifey and I regularly exceed the value of these. Especially in this era of high inflation. Maybe we'll stop printing even more money we don't have. ;)
Follow Ups:
9.1% is double digit.
As 9 is a digit and the .1 is a digit, so double digit is!
RECORD inflation as well, I'm guessing.
That said, filled up the Prius last week at $2.99 (regular).
As far as "money we don't have", trust me, just because you don't have more than enough to cover what we are printing doesn't mean it ain't there.
Just got to find it and tax it a bit.
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First they came for the dumb-asses
And I did not speak out
Because I was not a dumb-ass
just because you don't have more than enough to cover what we are printing doesn't mean it ain't there.
called The Deficit which is most certainly NOT THERE even if you were to seize all the assets of "The Rich". You know, that thing that spiked big time in 2020 and hasn't returned to previous levels. Ever heard of it?
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What matters is the debt to GDP ratio, and what has been the driving factors, mainly productivity. Too bad we can't somehow find more workers.
130% is not a good position.
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Yes, but it could be worse, for example Japan current debt/GDP is 200% and when you look at the USA chart, the driver, GDP is apparent. Which is where we should be focused, and not on individuals shouldering the burden. The keys is, as it has been, on growing the GDP, which lowers the ratio.
One dollar in reduced expenses is worth ten dollars in additional revenue. Both need to be considered.
It would be nice if the debt ratio tracked the GDP rate but it has leapfrogged almost 20% in the recent past.
And that's only part of it. The Fed gave us "free money" for 20 years. But the honeymoon with ultra-low interest rates is over. Watch the debt burden accelerate and spiral even more out of control as interest rates rise. Don't cry for me Argentina. Cry for the grandkids.
"The financial position of the United States includes assets of at least $269 trillion (1576% of GDP) and debts of $145.8 trillion (852% of GDP) to produce a net worth of at least $123.8 trillion (723% of GDP)."And who owns those assets?
"In the second quarter of 2023, 69 percent of the total wealth in the United States was owned by the top 10 percent of earners. In comparison, the lowest 50 percent of earners only owned 2.5 percent of the total wealth."
So who's gonna have to pay that money back? That would be the folks who hate paying their taxes so much that they now plan on defunding the IRS so the government can NEVER get at their money.
First they came for the dumb-asses
And I did not speak out
Because I was not a dumb-ass
Edits: 11/20/23
*********
We are inclusive and diverse, but dissent will not be tolerated.
.
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First they came for the dumb-asses
And I did not speak out
Because I was not a dumb-ass
their fair share!
OK, maybe not.
De-funding it is.
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First they came for the dumb-asses
And I did not speak out
Because I was not a dumb-ass
And who owns those assets?
That would be all 332 million citizens. Got any more questions I can answer for you?
which you like to say we are at risk of becoming.
But no.
We DO share the liabilities though.
Or maybe not. Maybe the folks with the money are more at risk than those without?
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First they came for the dumb-asses
And I did not speak out
Because I was not a dumb-ass
I think a prudent approach would be to find the revenue first - before spending enormous sums of money you don't have plus interest of course!
Tax the frigging weathy and anyone with a Honda or Porsche. Triple for any household with both
Edits: 11/20/23
and never gotten a reasonable answer when unrealistic whining is set aside.According to the IRS, the top 10% ($152k+ earnings which is not really that high) pay about 74% of Federal taxes while the bottom 50% pay 2%. What do you think those figures should be? Note the average tax rate by groups. And compare the overall accumulated wealth figures presented by Ivan to how much each group contributes to the puppet show.
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Edits: 11/20/23 11/20/23
You don't pay attention, I think your taxes should triple! Inmate51's should go up by a factor of 6.
Edits: 11/21/23
Poor folks like Ivan whine about the rich without the ability to put one half of an equation to the other.
Using his link, the share of total net worth by the top 1% varies from 30% to 32%. Ok. They pay 42% of federal taxes each year!
Another stat he quotes is 69% of wealth is owned by the top 10%. Ok. They pay 74% of federal taxes each year!
How unfair it is they are only paying more than their share! LOL!
White privilege is great especially when you go flaunt it in everyone's face.
You and wifey are exceptional. By definition most others can't be. Your link shows Sears carts not real carts.
WTF is wrong with Sears carts? Their ponchos are excellent!
Every store used to have them.Now I have to push that ugly cart through the whole long store from one corner to the other, diagonally, and then back, with something like two bars of butter, a Tamari sause and some ice cream.
Bring Back Our Buckets!!!
Edits: 11/20/23
Heck, bring back the good old days when you used to hand the guy your list and he'd fetch it all for you.I'm just thankful when I get one with four wheels that all go the direction you want them to.
Goddamn Piggly Wiggly. Curse them.
Edits: 11/20/23
Some stores have small carts, but these are often all taken.
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It's the kind of shopping cart commonly found at every grocery store. What on earth do the ones you use look like?
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Have you never spent $140 at the grocery before?
I wouldn't be so sure about these carts.
- For 140$ you get 40lbs of fabricated steel with implied chrome plating ("chrome finish"). If truly chrome (or nickel) I'd expect just the plating alone to have an OEM cost > 140$ for something that large.
- 140$ doesn't include an optional/extra child seat.
- It ships preassembledl by common carrier. I can't imagine shipping costs for this being trivial. Certainly a substantial portion of the initial cost.
- The most recent product review gave the large cart one star of five.
- And there's this "note": Warning, this product can expose you to chemicals, including lead which are known to the state of California to cause cancer, birth defects, or other reproductive harm. For more information go to . . . . You feel safe putting food and kids in contact with this thing?
No, this is clearly a Sears cart . . . Or maybe more appropriately these days, a Temu cart.
But then we cook and mostly eat at home. We have some neighbors that eat out almost nightly. They probably have low grocery bills. His scotch expenses are probably higher than my grocery bills.
Her fridge is empty... except maybe for a bottle of white.
Pissing the money down the toilet.
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you go very frequently like urbanites.
We aren't urban. I try to shop once per week with an ice chest and ice packs. We do have a Piggly Wiggy Express about 8 miles away that I occasionally go to if I forgot something. I think it was once a Time Saver and is pretty compact. We have another store about 8 miles in the other direction. Neither of those are really full size stores.
When we lived in the burbs, We were about 5 minutes from everything. We are enjoying the lack of traffic and hustle and bustle. We have a country club restaurant that is golf cart close, but pricy. We occasionally eat there if we like the lunch or dinner special.
small, college town where there are two decent grocery choices. We don't miss leaving Atlanta traffic behind and live in a small golf community where the cart is frequently used for nearby transportation.
Our EV! ;)
I use the golf cart once or twice a week. My wife uses it pretty much daily and our dog rides shotgun.
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