|
Devian666 posted:GWM and GWL. While going to MIT would be great engineering is all about being able to do engineering design. Prestige doesn't mean anything in this context. No but networking with all the other future top-tier dorks sure does
|
#
?
Jun 2, 2017 05:11
|
|
|
|
| # ? May 14, 2024 20:00 |
|
|
It's almost like there should be a way to raise money for a government service that isn't just cutting other government services. Maybe some day someone will invent a mythical method of funding the government through some sort of, I don't know, collective payments done by the population? Why they could even calculate it to be roughly the amount companies and people pay for health insurance now, so it won't actually affect people's budgets! e: Also I just did some math and I'm not sure where they got $400 billion from but it seems... wrong... Like even if you assume that the program will cost equivalent amounts for healthcare as the private sector (which is false, no other healthcare system has expenditures anywhere near as bad as ours) healthcare costs per capita in the US are around $9000 and that's including existing federal and state subsidies and programs too. $400 billion divided among just the population of California comes out to over $10,000, seems like they might have just pulled a nice round scary-sounding number out of their asses... Shame Boy fucked around with this message at 05:23 on Jun 2, 2017 |
|
#
?
Jun 2, 2017 05:16
|
|
|
Complaining you can only cover half the price tag is weird when the other half of the price tag is already covered by federal Medicare/Medicaid funds the state is receiving now. Pretending $200billion doesn't exist to score political points: BWM
|
|
#
?
Jun 2, 2017 05:21
|
|
|
DERAIL BIRD PLEASE SAVE US!
|
|
#
?
Jun 2, 2017 05:48
|
|
|
|
|
#
?
Jun 2, 2017 06:57
|
|
|
Content saves the thread not derail bird.quote:New data from credit information website CreditSimple.co.nz showed North Shore homeowners under 55 had an average debt of $542,600: the highest debt in the country. North Shore is a suburb of Auckland, NZ. Both the North Shore and Manukau were very popular locations for local and foreign buyers. Now you can't sell a property there if you try the NZ housing bubble is starting to collapse. So far the small number of mortgagee sales are all properties that were purchased 10-15 years ago. Now the article above seems to be confirming that it's probably the 55+ age group that tend to lose their jobs before they reach retirement age. How the gently caress they plan to pay off $382k of mortgage in 10 years I'm not sure either. Sentiment has changed on a local financial site and people are actually asking me about an OBR event where bank accounts would take a hair cut. NZ has no deposit insurance and most of the population isn't aware of the change. Something I haven't revealed locally is that pretty much all engineering companies have next to no work going on in Auckland so the construction market is going to collapse there. Most likely it will be hit worse than the rest of the country. e: Some may ask how I know the housing bubble is starting to collapse? It's when you add the search term desperate and you get about 10-11 property owners that really are desperate to sell. http://www.trademe.co.nz/browse/cat...tpath=350-5748- Devian666 fucked around with this message at 07:08 on Jun 2, 2017 |
|
#
?
Jun 2, 2017 06:59
|
|
|
Devian666 posted:Sentiment has changed on a local financial site and people are actually asking me about an OBR event where bank accounts would take a hair cut. NZ has no deposit insurance and most of the population isn't aware of the change. No deposit insurance? I guess that's one way to deal with moral hazard but  Do you mean public or is there some kind of private deposit insurance that's going to go nuclear when things finally blow?
|
|
#
?
Jun 2, 2017 07:22
|
|
|
VitalSigns posted:Complaining you can only cover half the price tag is weird when the other half of the price tag is already covered by federal Medicare/Medicaid funds the state is receiving now. To be fair, diverting every penny of the state budget would not actually be a reasonable way to fund the program, and they cannot pledge arbitrary huge amounts of money to fund it because of restrictions in the state constitution. BEHOLD: MY CAPE fucked around with this message at 13:37 on Jun 2, 2017 |
|
#
?
Jun 2, 2017 13:34
|
|
|
Raise state taxes (and capital gains taxes) on people making more than $200k to 95%. It either pays for every possible thing California could ever need or it immediately fixes San Francisco by forcing the techie scum out, win either way!
|
|
#
?
Jun 2, 2017 14:30
|
|
|
Jesus I had no idea NZ was drowning under that much real estate debt. Did they not have a correction 8 years ago along with the rest of the world?
|
|
#
?
Jun 2, 2017 16:50
|
|
|
Get rid of Prop 13 and let municipalities raise taxes for local poo poo like roads, while making it so you can't be sitting on a house you bought in the 70s and only see your taxable value go up 2% a year with a 1% max tax rate.
|
|
#
?
Jun 2, 2017 16:52
|
|
|
EAT FASTER!!!!!! posted:Jesus I had no idea NZ was drowning under that much real estate debt. Did they not have a correction 8 years ago along with the rest of the world? The are unfortunate enough to be calculated the nation most likely to prosper in the event of climate change and US/European unrest, so foreign rich people have been buying a lot of bolt-holes there.
|
|
#
?
Jun 2, 2017 17:07
|
|
|
ate all the Oreos posted:Raise state taxes (and capital gains taxes) on people making more than $200k to 95%. It either pays for every possible thing California could ever need or it immediately fixes San Francisco by forcing the techie scum out, win either way! I'm sure you're being half facetious half serious but a $100-200B tax hike almost exclusively applied to high earners to pay for something they almost exclusively don't need is probably a political non starter. A sales or VAT is in my opinion a more likely (but still pretty unlikely) option.
|
|
#
?
Jun 2, 2017 17:34
|
|
|
BEHOLD: MY CAPE posted:I'm sure you're being half facetious half serious but a $100-200B tax hike almost exclusively applied to high earners to pay for something they almost exclusively don't need is probably a political non starter. A sales or VAT is in my opinion a more likely (but still pretty unlikely) option. Either one needs a 2/3 majority vote to pass, so we can count on neither option passing. gently caress you, Norquist. 
|
|
#
?
Jun 2, 2017 17:49
|
|
|
crazypeltast52 posted:Get rid of Prop 13 and let municipalities raise taxes for local poo poo like roads, while making it so you can't be sitting on a house you bought in the 70s and only see your taxable value go up 2% a year with a 1% max tax rate. You'd have a bunch of old people that vote and bought their house 30 years ago marching in the streets if you tried to repeal it now, not to mention the news stories of people on social security now being unable to afford their property taxes. Not saying they shouldn't but there is no way this is happening. BEHOLD: MY CAPE posted:I'm sure you're being half facetious half serious but a $100-200B tax hike almost exclusively applied to high earners to pay for something they almost exclusively don't need is probably a political non starter. A sales or VAT is in my opinion a more likely (but still pretty unlikely) option. It would be very effective (in getting tech companies to move to Seattle/Austin.) I'm guessing they will try a payroll tax, the idea being that companies no longer have to pay health insurance for their employees so they can just pay that money to the state instead. That seems too obvious and must have been rejected already though.
|
|
#
?
Jun 2, 2017 17:53
|
|
|
This article isn't humorous but does offer an interesting look at the hopelessness of generational disability and the accompanying poor education leading to bad-with-money. Real life Dril is scary: quote:This month, reality was a $600 electricity bill that included late payments. An additional $350 for the mortgage, $45 for water, $300 for cellphones. Then $98 for cable television, $35 for Internet service, $315 for furniture bought on credit, $35 for car insurance and $60 for life insurance. quote:They tumbled inside hours later, and before long, the twins were again screaming, the dogs were again barking, and Bella (4 years old) was stabbing a wall with a five-inch knife that she had somehow gotten a hold of. "Generations, disabled. A family on the fringes prays for the “right diagnoses” http://www.washingtonpost.com/sf/lo...m=.04583a500fba
|
|
#
?
Jun 2, 2017 17:59
|
|
|
could we change the subject away from SB562 before I start yelling that health care is a human right and the current health care system in the USA is class warfare? thanks. Meanwhile, who wants to pay $5,000 for a baby monkey? http://exoticanimalsforsale.net/monkeysforsale.asp
|
|
#
?
Jun 2, 2017 18:06
|
|
|
monster on a stick posted:You'd have a bunch of old people that vote and bought their house 30 years ago marching in the streets if you tried to repeal it now, not to mention the news stories of people on social security now being unable to afford their property taxes. Not saying they shouldn't but there is no way this is happening. Join us in the California politics thread to learn how your objections can be satisfied. 
|
|
#
?
Jun 2, 2017 18:12
|
|
|
Should I buy a brand new truck at 9% interest when I already have a working one and $20k in student loans? https://www.reddit.com/r/personalfinance/comments/6ebtm2/college_student_thinking_of_new_truck/ quote:To make this short, I am 2 years out of college for construction management degree. I am currently working with a very large popular GC that is well known and trusted in this field, but it is just an internship. I wish someone would invent a type of vehicle that was smaller, cheaper and more fuel efficient than a truck. But that's not the world we live in. If you want to drive to work, it has to be in a truck. At least if he borrows the money early, before he graduates, he can definitely count on getting a job in construction which isn't highly cyclical and dependent on local realestate prices. OctaviusBeaver fucked around with this message at 18:30 on Jun 2, 2017 |
|
#
?
Jun 2, 2017 18:25
|
|
|
If you're in construction management a truck is pretty well a need. It shouldn't be nice though, Jesus Christ.
|
|
#
?
Jun 2, 2017 18:51
|
|
|
Yeah smart contractors drive a lovely or at least older truck to the job site to get backed into by backhoes and dinged up by hauling ladders and scaffolding.
|
|
#
?
Jun 2, 2017 18:56
|
|
|
An outspoken liberal friend of mine recently posted a "rich get richer" envy article railing against the benefits homeowners receive through the mortgage interest tax deduction. The article featured hard-up Americans who had to rent and who lacked the "wealth" to buy a home and the benefits that come with it. Of their limited number of examples, one was a janitor with four kids and a stay-at-home wife. Another was an ex-con with a robbery conviction.
|
|
#
?
Jun 2, 2017 18:57
|
|
|
The mortgage interest tax deduction is regressive bullshit.
|
|
#
?
Jun 2, 2017 19:01
|
|
|
KYOON GRIFFEY JR posted:If you're in construction management a truck is pretty well a need. It shouldn't be nice though, Jesus Christ. Real builders seem to take pride in how horribly scuffed and bashed their ancient white pickup truck is. If it doesn't have "clean me" written in dirt on the back, you are probably a poseur.
|
|
#
?
Jun 2, 2017 19:02
|
|
|
Yeah straight-up. "Encouraging home ownership" seems like it was kind of a bad idea even in a vacuum where that's all it did. A rent tax deduction would make more sense, straight-up.
Jeffrey of YOSPOS fucked around with this message at 19:12 on Jun 2, 2017 |
|
#
?
Jun 2, 2017 19:03
|
|
|
LLCoolJD posted:Of their limited number of examples, one was a janitor with four kids and a stay-at-home wife. Another was an ex-con with a robbery conviction. Yeah gently caress those guys right?
|
|
#
?
Jun 2, 2017 19:03
|
|
|
LLCoolJD posted:An outspoken liberal friend of mine recently posted a "rich get richer" envy article railing against the benefits homeowners receive through the mortgage interest tax deduction. The article featured hard-up Americans who had to rent and who lacked the "wealth" to buy a home and the benefits that come with it. Chin Strap posted:Yeah gently caress those guys right? 
Hoodwinker fucked around with this message at 19:10 on Jun 2, 2017 |
|
#
?
Jun 2, 2017 19:07
|
|
|
LLCoolJD posted:An outspoken liberal friend of mine recently posted a "rich get richer" envy article railing against the benefits homeowners receive through the mortgage interest tax deduction. The article featured hard-up Americans who had to rent and who lacked the "wealth" to buy a home and the benefits that come with it. Except that the mortgage deduction is phased out at high income levels: http://www.nolo.com/legal-encyclopedia/homeowner-tax-deductions-29693.html
|
|
#
?
Jun 2, 2017 19:09
|
|
|
Jeffrey of YOSPOS posted:Yeah straight-up. "Encouraging home ownership" seems like it was kind of a bad idea even in a vacuum where that's all it did. A rent tax reduction would make more sense, straight-up. California has one, if we wanna start down that derail path again! There's a podcast called "Bad with Money" http://podbay.fm/show/1144712710 It sounds good. The last episode is called "What if you're hosed?" Hahaha.
|
|
#
?
Jun 2, 2017 19:10
|
|
|
LLCoolJD posted:An outspoken liberal friend of mine recently posted a "rich get richer" envy article railing against the benefits homeowners receive through the mortgage interest tax deduction. The article featured hard-up Americans who had to rent and who lacked the "wealth" to buy a home and the benefits that come with it. Uh, this is true? The distribution of the mortgage interest deduction means a substantial majority of this tax break goes to the upper middle class. edit: Data: https://www.irs.gov/pub/irs-soi/11in03id.xls Check column AC. Over 50% of this 'handout' (to use the words of plenty of the people getting it) goes to filers with income over $100k. AreWeDrunkYet fucked around with this message at 19:18 on Jun 2, 2017 |
|
#
?
Jun 2, 2017 19:11
|
|
|
Jeffrey of YOSPOS posted:Yeah straight-up. "Encouraging home ownership" seems like it was kind of a bad idea even in a vacuum where that's all it did. A rent tax reduction would make more sense, straight-up. I think the idea is that home ownership is good for society, not necessarily the finances of the person buying the home. So society wanted to incentivize it in the tax code.
|
|
#
?
Jun 2, 2017 19:11
|
|
|
BarbarianElephant posted:Real builders seem to take pride in how horribly scuffed and bashed their ancient white pickup truck is. If it doesn't have "clean me" written in dirt on the back, you are probably a poseur. I drive past a ton of construction every day. At least half of the cars are beat up Pontiac Grand Ams and Toyota Camrys. He's also not fooling anyone who has driven a truck with the idea that it needs to be new to be comfortable for lots of travel. There's no such thing as a comfortable truck.
|
|
#
?
Jun 2, 2017 19:14
|
|
|
Droo posted:I think the idea is that home ownership is good for society It's mostly an accident of tax-policy history, now enshrined by those who benefit from it. https://taxfoundation.org/history-mortgage-interest-deduction/
|
|
#
?
Jun 2, 2017 19:17
|
|
|
Jeffrey of YOSPOS posted:Yeah straight-up. "Encouraging home ownership" seems like it was kind of a bad idea even in a vacuum where that's all it did. A rent tax deduction would make more sense, straight-up. MA has a rent tax deduction.
|
|
#
?
Jun 2, 2017 19:30
|
|
|
22 Eargesplitten posted:I drive past a ton of construction every day. At least half of the cars are beat up Pontiac Grand Ams and Toyota Camrys. new trucks are really comfortable
|
|
#
?
Jun 2, 2017 19:30
|
|
|
22 Eargesplitten posted:I drive past a ton of construction every day. At least half of the cars are beat up Pontiac Grand Ams and Toyota Camrys. Cars are for the proles. Management needs a truck.
|
|
#
?
Jun 2, 2017 19:31
|
|
|
monster on a stick posted:You'd have a bunch of old people that vote and bought their house 30 years ago marching in the streets if you tried to repeal it now, not to mention the news stories of people on social security now being unable to afford their property taxes. Not saying they shouldn't but there is no way this is happening. they just need to close the loopholes that let you transfer title without triggering a reassessment and remove the 1% cap for anything built starting in the near future. let's the olds keep their low taxes while restoring sanity to the state budget
|
|
#
?
Jun 2, 2017 19:31
|
|
|
the talent deficit posted:they just need to close the loopholes that let you transfer title without triggering a reassessment and remove the 1% cap for anything built starting in the near future. let's the olds keep their low taxes while restoring sanity to the state budget Have they ever discussed at least raising the cap to 2 or 3%? Seems like it would help down the road and wouldn't be impossible to accomplish.
|
|
#
?
Jun 2, 2017 19:33
|
|
|
KYOON GRIFFEY JR posted:new trucks are really comfortable How new are we talking? I have never been in a truck or van that was as comfortable as my beat up old Subaru or Escort.
|
|
#
?
Jun 2, 2017 19:40
|
|
|
|
| # ? May 14, 2024 20:00 |
|
|
I'd be content with: (1) Make it not apply to commercial property (AKA the "Why is my apartment complex not paying taxes?" clause), and (2) Let it only apply to your primary residence and not to those four other houses your family bought in the 70s that you rent out for $6,000 a month each now. Edit:  One appraisal limitation for each derailhouse, but they can pay up for any others. Or get rid of it entirely, but gimme my unicorn and ferrari while we're at it. Sundae fucked around with this message at 19:46 on Jun 2, 2017 |
|
#
?
Jun 2, 2017 19:41
|
|