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bobjr posted:https://twitter.com/mediaite/status/1113470460207915009?s=21 “Just skip the legs at the gym.”
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Apr 3, 2019 17:49
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wow wonder why aoc didn't listen to the guy that turned into libertarian thanks to a college professor when the only reason he could afford college was social security survivor benefits and also whose social security privatization plan would've led to the social security administration owning the entire stock market.
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Apr 3, 2019 17:49
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Groovelord Neato posted:whose social security privatization plan would've led to the social security administration owning the entire stock market.
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Apr 3, 2019 17:50
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Yates posted:This is the correct way to use Paul Ryan's "advice" Let's talk about people who didn't: I missed it yesterday and this is a big deal. Ron Wyden is going to be pushing for a mark to market, tax as ordinary income approach to investment income. https://www.finance.senate.gov/ranking-members-news/wyden-to-unveil-plan-to-ensure-wealthy-pay-their-fair-share- quote:Everyone needs to pay their fair share and the best approach to achieving that goal is a mark-to-market system that would require the wealthy to pay taxes on their gains every year at the same rates all other income is taxed. It's as dead on arrival as single payer at the moment. The reason this is exciting is that it's Ron Wyden pushing it. Wyden was previously the chair of the Senate Finance Committee, and is currently the ranking member. He'd likely be the chair if the Dems get the Senate again. Wyden's not Cory Booker, but he's closer to that camp than Elizabeth Warren. He's an Obama-era believer in bipartisanship, an aisle-crossing dealmaking guy who was ready to work with one Paul (loving) Ryan on a joint healthcare proposal to "strengthen" Medicare during the runup to the 2012 election. Blue Cross is right there in his donor list where you'd expect them to be, and the finance industry spends plenty of money on him. When he got that chairmanship at the tail end of Obama's term, there were articles about how pleased GOP lobbyists and senators were that he got the nod. I mention all this because, looking at him as a bellweather, this is very good news for what kind of policy the party might back. Wyden both has a safe seat and absolutely stomped a primary challenge from the left in 2016. He doesn't have a need or apparent inclination to pander to the left. If he's pushing policy like this, I read it as because it reflects where the party is headed. He knows that floating this now means that primary candidates might be asked about it, and I sure hope they will be. Locking in cap-gains-as-ordinary-income plus mark-to-market as a main party plank would be huge. eviltastic fucked around with this message at 17:53 on Apr 3, 2019 |
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Apr 3, 2019 17:51
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Honestly, that seems like a horrible idea. Just means that less companies will go public because private companies are market to market, contributing to what is already a potential time bomb considering current private equity valuations.
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Apr 3, 2019 17:53
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mcmagic posted:Now? This is what his entire show is about and has been about since he's been on Fox. Sure, but not literally stopping the "replacement" terminology. That is signficant.
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Apr 3, 2019 17:53
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plogo posted:Honestly, that seems like a horrible idea. Just means that less companies will go public because private companies are market to market, contributing to what is already a potential time bomb considering current private equity valuations. It's not at all clear to me that this proposal is limited to publicly traded securities.
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Apr 3, 2019 17:58
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eviltastic posted:It's not at all clear to me that this proposal is limited to publicly traded securities. That would be kind of self defeating if it is.
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Apr 3, 2019 18:01
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very cool for a randian moron to run sears into the ground after selling its real estate off to himself. https://twitter.com/profwolff/status/1113483549049364481
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Apr 3, 2019 18:04
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eviltastic posted:It's not at all clear to me that this proposal is limited to publicly traded securities. Ok, then how do you value the illiquid securities for tax purposes? What is the market they are marking to? plogo fucked around with this message at 18:07 on Apr 3, 2019 |
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Apr 3, 2019 18:05
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CuddleCryptid posted:Not that it's surprising to anyone, but Tucker Carlson is literally pushing The Great Replacement now I can confirm that I would like to see a lower percentage of white people.
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Apr 3, 2019 18:07
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Pinecone Sample posted:Remember when the media pushed this narrative that he was a 40-year-old whiz kid on policy? ...that we know of. We didn't know about Hastert at the time either, IIRC.
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Apr 3, 2019 18:08
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Is mark to market supposed to be an alternative to a wealth tax? Does someone get to claim a giant loss for the year just because their stocks are worth less? I guess I’m not seeing the benefit over treating capital gains as normal income and taxing wealth at 0.5% a year or whatever.
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Apr 3, 2019 18:12
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A GIANT PARSNIP posted:Is mark to market supposed to be an alternative to a wealth tax? Does someone get to claim a giant loss for the year just because their stocks are worth less? Yeah, I guess we will have to see the full proposal, but that's my impression as well.
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Apr 3, 2019 18:13
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Worked for auto company for 49 years and pensions disappear. Work for retail for 30 years and life insurance disappears. Still votes republican no matter what.
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Apr 3, 2019 18:14
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https://twitter.com/daveweigel/status/1113489517623877635 Democrats did turnout in Wisconsin yesterday, its just that Republican turnout appears to have crazy
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Apr 3, 2019 18:17
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mark to market is what allowed enron to pretend like utterly worthless and losing deals reaped enormous profits.
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Apr 3, 2019 18:18
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The Glumslinger posted:https://twitter.com/daveweigel/status/1113489517623877635 Or fake.
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Apr 3, 2019 18:20
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Groovelord Neato posted:very cool for a randian moron to run sears into the ground after selling its real estate off to himself. I love the “real capitalism does have legal entities for collectively organizing the holdings of corporations, so clearly this is isn’t a problem with capitalism” replies.  https://twitter.com/kevindelariva97/status/1113488765295554560?s=20 Clearly capitalist anarchy would be a utopia where large corporations couldn’t compete without their special privileges!
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Apr 3, 2019 18:20
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i'm curious how people that write about politics for a living don't get that "medicare for all" is a name and isn't actually medicare for everyone. pelosi made the same error in the rolling stone interview. https://twitter.com/mattyglesias/status/1113470835174641667
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Apr 3, 2019 18:23
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Groovelord Neato posted:very cool for a randian moron to run sears into the ground after selling its real estate off to himself. Liquidate Eddie Lampert
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Apr 3, 2019 18:23
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BardoTheConsumer posted:Or fake. They wouldn't dare! That would be illegal!
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Apr 3, 2019 18:24
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Wrong thread
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Apr 3, 2019 18:26
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BardoTheConsumer posted:Or fake. Yeah honestly in either Wisconsin or Georgia I just straight don’t trust the vote totals any more. In Georgia they deleted the data from voting machines immediately after they got a hint at them being double checked, and the legal response was just  We know that the GOP was literally stealing votes with absentee ballots. Probably the only way to ensure fair elections in any of the GOP stronghold states is to have the UN or some other third party oversee the elections to make sure the Republicans aren’t cheating. And the worst loving part about this being necessary is that it’s another victory for conservative assholes. Losing faith in the democratic process is exactly what they want if they can’t actually win the votes.
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Apr 3, 2019 18:30
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Groovelord Neato posted:mark to market is what allowed enron to pretend like utterly worthless and losing deals reaped enormous profits. Though Enron basically faked "the market" they were marking to IIRC.
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Apr 3, 2019 18:31
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Jealous Cow posted:These people are so loving weird. USPOL Spring: These people are so loving weird.
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Apr 3, 2019 18:31
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The Glumslinger posted:https://twitter.com/daveweigel/status/1113489517623877635
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Apr 3, 2019 18:31
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Crows Turn Off posted:Is WI permanently Red now?
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Apr 3, 2019 18:34
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https://twitter.com/ndrew_lawrence/status/1113220569300897793 https://twitter.com/oneunderscore__/status/1113454544875393024 Glad to see Jared has company. https://twitter.com/woodruffbets/status/1113473385244307456
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Apr 3, 2019 18:37
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PhazonLink posted:jogging scrollers sounds like not only YT poo poo, but rich YT poo poo where sidewalks are smoth as hell and have a perfect grade . I don't care if they are Louis Vuitton $10M in spending rewards, they should be safe and a company shouldn't be able to get out of a mandatory recall by waiting out an administration change. Those strollers aren't going to disappear, they are going to go to consignment shops and thrift stores which will put them on the sales floor because they don't show up on the recall lists they check. Others will buy them and the wheels will fall off and there will be injuries all because the sacred job creators didn't want to send out a $5 locking skewer and $0.25 worth of threadlocker to replace the quick release skewer.
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Apr 3, 2019 18:45
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PhazonLink posted:jogging scrollers sounds like not only YT poo poo, but rich YT poo poo where sidewalks are smoth as hell and have a perfect grade . Fascinating angle.
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Apr 3, 2019 18:47
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plogo posted:Ok, then how do you value the illiquid securities for tax purposes? What is the market they are marking to? Your guess is as good as mine, since we don't have the whitepaper yet. Wyden's a wonk, so presumably he'd be going off of extant fair value valuation requirements. Diving into issues with mark-to-model vs mark-to-market, level 3 valuation and lessons from the financial crisis would be his jam. I'm in over my head in terms of policy here, but I'd think there would already be plenty of stuff to go on because hedge funds and the like can elect to have this kind of treatment anyway, and so presumably do so when advantageous. A GIANT PARSNIP posted:Is mark to market supposed to be an alternative to a wealth tax? Does someone get to claim a giant loss for the year just because their stocks are worth less? Mark to market would be an alternative to a wealth tax, I guess, in the sense that it stops the wealthy from deferring their tax burden. Yes, someone would claim a big loss if the market tanks. I would prefer a wealth tax as well.
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Apr 3, 2019 18:47
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https://twitter.com/elivalley/status/1113495428367036419
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Apr 3, 2019 18:49
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TheScott2K posted:Fascinating angle. Counterpoint, I christ walk wherever I go and no, it's not good enough for me.
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Apr 3, 2019 18:49
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eviltastic posted:
Is there a good reason for losses to be claimable, anyway?
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Apr 3, 2019 18:52
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Invalid Validation posted:Worked for auto company for 49 years and pensions disappear. Work for retail for 30 years and life insurance disappears. Still votes republican no matter what. Nah dawg, those auto workers are union people and those people NEVER loving forget
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Apr 3, 2019 18:52
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Jogging strollers actually own and are essential to hitting early offloading development milestones.
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Apr 3, 2019 18:55
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Ate My Balls Redux posted:Nah dawg, those auto workers are union people and those people NEVER loving forget The same ones that voted for Reagan right after he fired the striking air traffic controllers, you mean?
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Apr 3, 2019 18:56
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So if you all had to predict the dem ticket at this point, who do you think is likely to be the Democratic ticket, and also who would you PREFER to be the ticket? Biden can be included.
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Apr 3, 2019 18:57
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Zotix posted:So if you all had to predict the dem ticket at this point, who do you think is likely to be the Democratic ticket, and also who would you PREFER to be the ticket? Biden can be included. Likely: Bernard Prefer: Bernard or Warren
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Apr 3, 2019 18:59
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