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here is how cheating on taxes to make lovely videogames is rewarded in our modern doomsday world https://www.youtube.com/watch?v=SFKnv1YzI3k
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Aug 11, 2017 02:08
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That is a top tax loophole lol
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Aug 11, 2017 07:41
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Taintrunner posted:here is how cheating on taxes to make lovely videogames is rewarded in our modern doomsday world what struck me most was the divergence between expenses and profits - expenses being cut and contracted even as revenue continued to climb. Absolutely none of the money being saved from taxes was being reinvested. It's the final loving nail in the coffin for trickle down - investors don't reinvest any income gained from tax breaks, all of it is simply siphoned off.
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Aug 11, 2017 11:31
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Income gets reinvested into gifts for politicians.
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Aug 11, 2017 15:56
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Taintrunner posted:here is how cheating on taxes to make lovely videogames is rewarded in our modern doomsday world normallly dont read the comments, but especially dont read the comments
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Aug 11, 2017 15:58
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Taintrunner posted:here is how cheating on taxes to make lovely videogames is rewarded in our modern doomsday world i heckin' love super bunnyhop
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Aug 11, 2017 16:04
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anime was wrong
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Aug 11, 2017 16:44
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Sir Tonk posted:anime was wrong what in Tarnation.. heck
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Aug 11, 2017 16:53
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anime was right posted:normallly dont read the comments, but especially dont read the comments I'm only seeing really good comments now
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Aug 11, 2017 18:26
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anime was right posted:what in Tarnation.. heck https://twitter.com/billyraycyrus/status/335910871974965248
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Aug 11, 2017 18:28
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https://www.nytimes.com/2017/08/10/business/dealbook/stock-market-volatility-north-korea.htmlquote:In recent years, hundreds of billions of dollars have flowed into risk parity and other machine-driven funds that are programmed to start selling stocks and bonds once volatility rises sharply. Automation is killing the crashing-the-market industry.
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Aug 11, 2017 19:11
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From the tromp threadSKULL.GIF posted:a few days ago I'd just finished The Big Short and had the sudden revelation that high finance is all bullshit and Obama's bailout did nothing at all to address it and that we're probably headed towards another massive crash
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Aug 11, 2017 19:20
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Cool, I'm sure nothing bad will happen between now and 2021. That 350 trillion dollar libor mountain is going to be wrapped up in a neat little package.
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Aug 11, 2017 20:58
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Kromlech posted:Cool, I'm sure nothing bad will happen between now and 2021. That 350 trillion dollar libor mountain is going to be wrapped up in a neat little package. it's okay trump will give them a bailout and then president booker will order the DOJ to not prosecute the financial criminals responsible
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Aug 11, 2017 21:08
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anime was right posted:what in Tarnation.. heck that was hate speech, plain n simple
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Aug 11, 2017 23:14
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 Let's hope the U.S. follows their lead
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Aug 12, 2017 04:42
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Kromlech posted:
Finally some justice in the world
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Aug 12, 2017 07:05
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Kromlech posted:
Righteousness and blessedness 
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Aug 12, 2017 13:03
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Jedi Knight Luigi posted:Righteousness and blessedness Imagine this every day if Bernie would have won.
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Aug 12, 2017 13:39
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vietnam: still insanely good
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Aug 12, 2017 20:40
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Bitcoin was mentioned earlier in thread, what do people think about this? What the media doesn't get about bitcoin Kromlech fucked around with this message at 01:42 on Aug 13, 2017 |
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Aug 12, 2017 23:47
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also Matt Taibbi is very good
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Aug 12, 2017 23:50
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Kromlech posted:Bitcoin was mentioned earlier in thread, what do people think about this? that buttcoin link is broken like buttcoins
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Aug 12, 2017 23:54
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Taintrunner posted:here is how cheating on taxes to make lovely videogames is rewarded in our modern doomsday world I just avoid income tax by being in poverty.
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Aug 13, 2017 00:06
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got any sevens posted:that buttcoin link is broken http://www.oftwominds.com/blogaug17/mainstream-BTC8-17.html
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Aug 13, 2017 01:42
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specifically:quote:The mainstream also misses the core driver of bitcoin and cryptocurrencies: the current financial system is doomed , and some other arrangements will emerge. Those who get on board alternative arrangements early will likely preserve more of their wealth than those who believe the current system is permanent, and some may earn great wealth as capital flees the sinking ship of central banking/credit for more secure climes.
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Aug 13, 2017 01:44
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Kromlech posted:specifically: if the world financial system collapses, the currencies of choice will be bullets and canned food, not magic internet money if things are so hosed that dollars are worthless, that means that some pretty fundamental functions of the economy are going to be down and out too. including the basic distribution and logistics systems that support modern society. what's left of the economy will base itself around useful things, rather than begging gold hoarders or bitcoin billionaires for their useless scrip
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Aug 13, 2017 04:00
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Ruzihm posted:From the tromp thread sure is weird how the fundamental issue of low profitability is inescapable and will require absolutely massive capital destruction before you see a return to anything even vaguely approaching post-WW2
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Aug 13, 2017 04:02
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Kromlech posted:Bitcoin was mentioned earlier in thread, what do people think about this? How about you tell us what you think?
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Aug 13, 2017 16:32
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Rex-Goliath posted:How about you tell us what you think? That said, it wouldn't surprise me if instead of rising to face these threats here in the 21st century, we instead picked a new distraction. That's why i find cryptomoney interesting.
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Aug 13, 2017 19:23
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When i say money, i also include the accumulation of wealth in capitalism in there as another stupid thing we do.
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Aug 13, 2017 19:28
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Bitcoin is probably the most fragile out of all the assets you could buy into. It could be useful in terms of a localised financial crash or a temporary global depression. But the depression we're about to head into isn't local or temporary, and is just a symptom of the larger problem; resource depletion. As the economy collapses the electrical grid will rapidly become intermittent. Without a bank Bitcoin already has huge liquidity problems, if you can only access it for 3 hours a day then it turns into a stranded asset. Gold could fare better as a long term store of value, but also has huge liquidity problems. Being offered payment in gold is sort of like being offered a collection of rare baseball cards or a first edition book or something, you can theoretically see that it has value but it's something that's abstract without an immediate use. Gold is also quite prone to theft, you aren't going to walk around with a pouch of gold coins to pay for food unless you want a lead pipe to the face, meaning any business you conduct would have to be in secret with people you already trust. In the long term it could have niche applications for big ticket purchases, like buying livestock or pleading with a ship captain for safe passage, but it's unlikely have any impact on your immediate day to day livelihood. Withdrawing all your money in cash isn't a bad idea? Everyone immediately understands the value of cash, and cash will rapidly become king overnight as the banking and credit system collapses and the economy undergoes severe deflation. This will ultimately be a temporary state of affairs though, because the now bankrupt governments of the world will attempt to rectify the problem by printing enough money to make cash worthless, so spend as much while you can. In the end the best hedge is to invest in skills and equipment now that will be useful later. Knowing how to grow food or build things is immediately useful to you, and if you can help give people purpose and a sense of control over the future you're less likely to be murdered.
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Aug 14, 2017 00:40
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Nerds
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Aug 14, 2017 04:29
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if all your money becomes worthless overnight, are you going to: a) go trade your prized possessions to the one bitcoiner within fifty miles of you in exchange for magic fun bucks b) exchange your car for a box full of graphics cards and hope you're lucky enough to get 0.001 bitcoins before the power goes out and renders them worthless c) join the looters pillaging the area in order to stock up on food and gasoline
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Aug 14, 2017 04:39
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The us defaulting would be really funny
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Aug 14, 2017 09:09
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Jose posted:The us defaulting would be really funny part of me wants to say 'no actually it'd be real hosed and really screw a ton of people' but things are already so hosed and so many people are already getting screwed that, gently caress it i guess, bring it on.
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Aug 14, 2017 09:17
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Main Paineframe posted:if all your money becomes worthless overnight, are you going to: c, always c like, are you kidding? because, like, obviously c
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Aug 14, 2017 09:42
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financially racist posted:part of me wants to say 'no actually it'd be real hosed and really screw a ton of people' but things are already so hosed and so many people are already getting screwed that, gently caress it i guess, bring it on. ultimately its an outcome contingent upon the decisionmaking process of an institutional psycopathy that's been eating itself alive with the aid of its own state propaganda, so a default really comes down to a matter of whether we do it now or at some undetermined point in the future because yes, actually, your suicidal buddy might just pull the trigger while the two of you are posing together over a butchered iraqi corpse
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Aug 14, 2017 09:52
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https://www.youtube.com/watch?v=xJGtm7XWpRs
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Aug 23, 2017 14:10
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the difference is that the housing subprime crisis exploded like they did because the 'understanding' across the entire industry was that housing couldn't go bust and as such was leveraged out to wazoo for every other financial instrument no one believes that the value of cars will go up forever no matter what it's still bad and a blight on the economy as a whole but it's not going to kick off a crisis also lol rt
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Aug 23, 2017 16:07
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