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Dawncloack posted:100$ every time they go into a casino?? Please tell me I just misunderstood. Well, you can pay $2000 a year instead for unlimited entry.
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Jan 15, 2016 18:04
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I'm not sure what to think of a society that strives to teach its citizens (through that $100 disincentive) that casinos are a waste of money and serve only as a way to take money from gullible tourists.
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Jan 15, 2016 18:12
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Jeffrey of YOSPOS posted:I'm not sure what to think of a society that strives to teach its citizens (through that $100 disincentive) that casinos are a waste of money and serve only as a way to take money from gullible tourists. I have the feeling most people would treat the entry fee the same way they describe the lotto, "you can't win if you don't play!" 
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Jan 15, 2016 18:18
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BarbarianElephant posted:All bags are handmade, thanks to the miracle of sweatshops. If handmade means "human hands ran this through a machine," sure. I was thinking more along the lines of hand-sewn. Without going too much further off topic, no I don't think for a second that luxury brands pay their workers fair wages, but $300 for leather anything bigger than a wallet would be the minimum if garment workers made even US minimum wage. It's only a lot in the context of the current industry that exploits the everloving poo poo out of third world labor. $1000 for a hand-sewn leather bag is not outlandish if the worker makes anything close to a fair wage, although I would not spend that much because purses are dumb. For content: https://www.yahoo.com/music/powerball-reimbursement-fund-page-created-235504618.html quote:Please help me and my family as we have exausted all of our funds. We spent all of our money on lottery tickets (expecting to win the 1.5 billion) and are now in dire need of cash. With your small donation of at least $1.00, a like and one share, I’m certain that we will be able to pick ourselves up from the trenches of this lost and spend another fortune trying to hit it big again! PLEASE, won’t you help a family in need. DONATE NOW. BWM, GWL 
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Jan 15, 2016 18:19
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Yowza. The gofundme has already been removed, and the article you linked has over 12,000 comments. Lotteries are a disgraceful spectacle.
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Jan 15, 2016 18:29
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Would there be any downside to limiting the size of lottery jackpots? Tie it to the average CEO salary, or $13.8m right now. Maybe powerball could be 10 times that. And if no one wins the jackpot stays the same and the next powerball starts a little higher. Should probably also include some warnings like cigarettes in Australia that show a family living out of a cardboard box or someone with holes in their clothing and no teeth.
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Jan 15, 2016 18:56
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Hashtag Banterzone posted:Would there be any downside to limiting the size of lottery jackpots? Tie it to the average CEO salary, or $13.8m right now. Maybe powerball could be 10 times that. And if no one wins the jackpot stays the same and the next powerball starts a little higher. If it brings in more net revenue overall due to reduced payouts, the government should be all for it. I'd hazard a guess though that that's not the case, due to various factors from the income/sales tax the big spenders are paying, the free advertisement for the lottery when the jackpot gets huge, etc.
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Jan 15, 2016 18:58
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EugeneJ posted:...this is actually a good deterrent for gambling and I wonder why other countries haven't thought of it Less people playing, therefore my odds of winning are increased 
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Jan 15, 2016 20:12
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NancyPants posted:For content: https://www.yahoo.com/music/powerball-reimbursement-fund-page-created-235504618.html I'm pretty sure this had not much to do with the lottery and was a straight up scam, like the people who you meet downtown who say they need cash to take the Greyhound bus to visit their dying Aunt.
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Jan 15, 2016 20:20
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Girl at work mentioned her husband was building his credit by buying her jewelry. He has not had a job in 2 years and they live paycheck to paycheck. This girl is a fount of BWM/BWL gold, but its getting where it just makes me sick. I don't even dig into her business or respond to her, but every week its something. This week I mentioned we don't get maternity leave and shes a month pregnant and she did not know that. She then told us her sister who is a gas station attendant got maternity leave. This is the same sister that got "luxury" taxed on her bonus.
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Jan 15, 2016 20:43
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I still maintain that if you're complaining about taxes, you're not nearly as rich as you think you are.
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Jan 15, 2016 22:44
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Reading the comments on news articles about the market is generally worse than anything on Reddit. I can only read through a handful before I want to shoot myself. It's so bad that it isn't entertaining, but it totally explains why so many people are broke in retirement. I wonder what percentage of the average retirement investors sell low and buy high with every cycle. I'll browse the articles while at work, mainly to laugh at all the speculation, but there was a legit one today regarding the turbulence this week. "Don't panic, don't sell, plan." It recommended staying your course and re-balancing when your allocation is out of whack by a defined amount. From the comments... quote:Of course all the advice says not to sell. Whose money would they play with if we told them to take a hike and put our cash under the bed? See - our economy has become a zero-sum game. The 1% will not be happy until they have all the wealth and no one else has anything." quote:
Ya, I'm guessing buddy didn't stay the course if he's 30% in the hole since 2008. And he's just repeating the same process. quote:Worst advise ever! Unless you are uber wealthy and can afford to lose money or have insider trading deals happening, the stock market is the worst place to put retirement money for the average retiree! quote:So what they are saying is that investors are blowing the financial fear horn again, showing us more places to store our money so they have more money to play with. Kinda sounds like that movie the time machine where the humanoids blew the horns, humans corraled into a pins out of fear like sheeple and then the humanoids ate people. quote:I also have to question who is running this market? Someone is getting very rich off of this downturn... Follow the money. For me.. I am tired of seeing my money being thrown away into this market. I dealt with this once in 2008, now in 2016. I will greatly reduce my contributions to my 401K plan and start paying off my house faster instead. At least this way I see my money working for me. quote:GET OUT NOW, BEFORE IT'S TOO LATE Loan Dusty Road fucked around with this message at 00:31 on Jan 16, 2016 |
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Jan 16, 2016 00:11
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Dustoph posted:Reading the comments on news articles about the market is generally worse than anything on Reddit. I can only read through a handful before I want to shoot myself. It's so bad that it isn't entertaining, but it totally explains why so many people are broke in retirement. I wonder what percentage of the average retirement investors sell low and buy high with every cycle. For the record, I didn't intend the bear pun but it kinda fits so I'm leaving it in.
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Jan 16, 2016 00:52
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emocrat posted:Tennessee couple claims they have Powerball jackpot ticket. quote:But John Robinson and his wife, Lisa, said they won't stop working and won't make any wild purchases. They'll pay off their mortgage and their daughter's student loans, but have no desire to move from their small, gray, one-story house into a luxurious compound somewhere. Hey that's pretty smart, good for th- quote:The couple has a son, Adam, who works as an electrician, and a daughter, Tiffany, who lives nearby in her late grandparents' home. 
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Jan 16, 2016 01:37
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I always get sad when I read comments about investing and retirement. I'm unsophisticated. I just try to follow the general advice, then apply those principles by investing in index funds on Vanguard. They go up, they go down. They mostly go up over a long period of time. I have experience as a small time poker player and sports bettor from my younger years, so I have that patient and dispassionate approach of money management. Yet, I totally get the pain that many are experiencing. Yes, they've been sold a load of poo poo by the finance industry. Nobody gives a gently caress whether or not other people can retire. If there was a more efficient yet more brutal way of getting people en masse to part with their money and put it into the system, that would be the one polished, promoted, and sold to the public by the finance industry. Gambling on stocks is not the method by which a country of 300m people-- or an Earth of 8.5b-- should be relying on in order to see them out in their twilight years. But, people don't quite make the next logical leap of-- if this system is bullshit, then why is it bullshit? What outcome do we want as a society? What problem are we trying to solve? What's the best way of solving those problems for the most people? America is the greatest country on Earth and in a society where there are more and more atheists every day, I argue that the goodness of what people believe capitalism to be is more absolute than the word of God. At its base, I don't know how you can squelch fear and greed in people.
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Jan 16, 2016 02:20
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Blinkman987 posted:if this system is bullshit, then why is it bullshit? Commies and minorities, duh. Earlier this week I encountered a guy at work who was unable to imagine that systemic discrimination exists because its inefficient and that's not now capitalism works If anything we just need less government intervention in everything because market deregulation has actually benefitted society by 
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Jan 16, 2016 02:32
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Phone posted:I still maintain that if you're complaining about taxes, you're not nearly as rich as you think you are. Are you not aware of the length to which billionaires go to avoid taxes?
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Jan 16, 2016 02:36
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The worst is half educated people who cannot distinguish between the condos of free market and capitalism. Fake edit autocorrect concepts
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Jan 16, 2016 02:52
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Phone posted:I still maintain that if you're complaining about taxes, you're not nearly as rich as you think you are. This is every bit as stupid as "If you have to ask, you can't afford it."
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Jan 16, 2016 02:53
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The average person has some parasite churning their investment account around in lovely funds for commissions that have high expense ratios. That investor is probably barely seeing returns in good years nevermind bad years.
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Jan 16, 2016 02:55
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Phone posted:I still maintain that if you're complaining about taxes, you're not nearly as rich as you think you are. You can complain about taxes for many reasons. For example, my state thinks I owe them income taxes on real estate rental income earned in another state. It's not an expensive tax in terms of dollars, but there's no reasonable connection between the economic activity and the tax collected other than the recipient happens to live remotely on the state's fief.
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Jan 16, 2016 02:59
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Blinkman987 posted:I always get sad when I read comments about investing and retirement. I'm unsophisticated. I just try to follow the general advice, then apply those principles by investing in index funds on Vanguard. They go up, they go down. They mostly go up over a long period of time. I have experience as a small time poker player and sports bettor from my younger years, so I have that patient and dispassionate approach of money management. Yet, I totally get the pain that many are experiencing. Yes, they've been sold a load of poo poo by the finance industry. Nobody gives a gently caress whether or not other people can retire. If there was a more efficient yet more brutal way of getting people en masse to part with their money and put it into the system, that would be the one polished, promoted, and sold to the public by the finance industry. source your quotes
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Jan 16, 2016 03:06
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FrozenVent posted:Are you not aware of the length to which billionaires go to avoid taxes? Typically not very much. They have accountants to worry about that kind of thing, and those accountants go to great lengths. Billionaires just hire very good accountants and spend as they choose. Taxes have effectively no impact on their life. Even the rabid anti-tax ultra-rich like the Koch brothers tend to come from an ideological rather than self-interested "I wish I had more money" standpoint.
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Jan 16, 2016 03:17
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baquerd posted:If it brings in more net revenue overall due to reduced payouts, the government should be all for it. I'd hazard a guess though that that's not the case, due to various factors from the income/sales tax the big spenders are paying, the free advertisement for the lottery when the jackpot gets huge, etc. Yup. I work for an organisation that receives lottery grants and certainly from our perspective we get excited when the jackpot gets high because more people buy tickets, therefore increasing the amount of money in the grant bucket.
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Jan 16, 2016 04:37
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SlapActionJackson posted:This is every bit as stupid as "If you have to ask, you can't afford it." Not particularly. The poster who was quoting a BWM/BWL coworker bitching about the "luxury" tax on a bonus is the same sort of simpleton who doesn't know how graduated tax brackets work and might think that a flat tax is A Good Idea.
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Jan 16, 2016 04:52
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Phone posted:Not particularly. The poster who was quoting a BWM/BWL coworker bitching about the "luxury" tax on a bonus is the same sort of simpleton who doesn't know how graduated tax brackets work and might think that a flat tax is A Good Idea. Yes, this, and they probably don't understand the difference between tax withholding and how that relates to actual taxes paid at tax time. The high withholding rate on bonuses is admittedly a bit of an annoyance, but in the end it's really a pretty trivial issue for most people.
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Jan 16, 2016 04:59
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 Congrats to this year's Golden Wonderhanger winners!
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Jan 16, 2016 06:07
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Guinness posted:Yes, this, and they probably don't understand the difference between tax withholding and how that relates to actual taxes paid at tax time. The high withholding rate on bonuses is admittedly a bit of an annoyance, but in the end it's really a pretty trivial issue for most people. The high withholding rate on bonuses is super annoying to me because it means I have to hear people complain about bonuses being taxed more than our salary EVERY year.
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Jan 16, 2016 06:19
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If Zaurg posts even one thing in this forum in 2016 are we able to nominate him again for Biggest Trainwreck again? I just reread his second thread from a link in the pinned post and felt physically sick, not only from his atrocious money habits but his super creepy comments.
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Jan 16, 2016 07:09
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Space Gopher posted:Typically not very much. Said ideology comes from the fact that, as absurdly rich people, they hate paying taxes. It's true that taxes have a very small impact on the well-being of the very wealthy, except maybe psychologically. But rich people hate them anyway!
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Jan 16, 2016 08:06
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Guest2553 posted:Commies According to both my grandpas father and multiple uncles, yes.
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Jan 16, 2016 08:48
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Blinkman987 posted:America is the greatest country on Earth Despite all the evidence to the contrary, you actually believe this?!  Or is this merely an empty phrase, like "How are you?"?
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Jan 16, 2016 11:45
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CombatInformatiker posted:Despite all the evidence to the contrary, you actually believe this?! It's actually written into the constitution that all citizens must say that phrase at least twice a day, lest we have our eyes picked out by Bald Eagles. edit: Can also be considered factual if greatest = country with most/biggest/best guns
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Jan 16, 2016 14:35
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CombatInformatiker posted:Despite all the evidence to the contrary, you actually believe this?!
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Jan 16, 2016 14:38
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flynt posted:The high withholding rate on bonuses is super annoying to me because it means I have to hear people complain about bonuses being taxed more than our salary EVERY year. Actually, quick question about this. How does it work? I assumed my bonuses each month just get taxed higher. Is it that, or are they just withholding more until tax time?
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Jan 16, 2016 14:41
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Duckman2008 posted:Actually, quick question about this. How does it work? I assumed my bonuses each month just get taxed higher. Is it that, or are they just withholding more until tax time? The IRS specifies the way supplemental income, which bonuses are, is withheld. There are two methods, but the more common is to withhold a flat 25%. When filing the bonus just adds to your income and your overall tax burden should be reasonably close to your normal withholding rate.
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Jan 16, 2016 14:52
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CombatInformatiker posted:Despite all the evidence to the contrary, you actually believe this?! I say it in the mocking way.
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Jan 16, 2016 18:11
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swenblack posted:Historically, the term "greatest country on Earth" has referred to military and/or economic strength. I'd argue this is still true for 'Murica. We're the only civ to land on the Moon, we host the United Nations, our culture is by far the most influential and we hold the most original capitals.
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Jan 16, 2016 19:31
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Byzantine posted:We're the only civ to land on the Moon, we host the United Nations, our culture is by far the most influential and we hold the most original capitals. 
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Jan 16, 2016 19:35
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Byzantine posted:We're the only civ to land on the Moon, we host the United Nations, our culture is by far the most influential and we hold the most original capitals. 
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Jan 16, 2016 20:20
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