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Bar Ran Dun posted:A lot of cities are actually technically multiple cities close together and not one city. For example the Seattle area is probably bigger than the Columbus area or the Charlotte area. But Charlotte and Columbus proper are bigger than Seattle proper. Last I looked, Charlotte proper is bigger than Atlanta proper. Atlanta is the definition of suburban sprawl.
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# ? Jul 27, 2023 13:46 |
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# ? May 24, 2024 12:28 |
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BiggerBoat posted:Congress...good? I skimmed but couldn’t find it. Does this still allow for total market index funds (such as total stock, S&P500, etc)? I’m all for banning specific stocks, but I’d hope they can still benefit from total market exposure.
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# ? Jul 27, 2023 13:48 |
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Queer Grenadier posted:I skimmed but couldn’t find it. Does this still allow for total market index funds (such as total stock, S&P500, etc)? I’m all for banning specific stocks, but I’d hope they can still benefit from total market exposure. There is some risk of insider trading on that, too.
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# ? Jul 27, 2023 14:00 |
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BiggerBoat posted:Congress...good? This is the third version of it they have tried to pass. It usually dies because there are competing versions and legitimate questions about how you enforce it. Do you ban children from owning stock? Daughters in law? Spouses? What about family members who work for tech companies or are executives who are required to be paid mostly in stock? Does a blind trust count? How does congress determine what qualifies as a truly blind trust and verify every trust? Do you do anything with taxes/losses if you force someone to sell stocks at a huge loss or with a huge tax bill because they got elected in November and the market crashed in January? If someone doesn't sell their stock in time, then do you just not seat them? Is that even constitutional? Does the SEC regulate congressional trades? Does it apply to staff members? Families of staff members? How do you enforce it against them if you do? I would wait to see if it passes this time before getting excited. They have tried a few times and it always gets caught up because parts of it are difficult to enforce, some people don't want to do it all, and some people can't agree how far it should go. OddObserver posted:There is some risk of insider trading on that, too. Only if you are blowing up the entire economy or creating a historically high single day of growth through some news that nobody else in the world knows about except congress. Even in those scenarios, you aren't going to get more than a 3-5% bump to every index in a single day for something semi-secret. Whereas, you can get a 300% change in a single day from an individual stock. So, even in the scenarios where it does happen, the financial benefit is minimal and rarer than an individual stock changing price. Treasury bonds and index funds are fine. Individual stocks is a terrible idea. Even if almost nobody uses the information to effectively insider trade, leaving a loophole like that is silly. Leon Trotsky 2012 fucked around with this message at 14:17 on Jul 27, 2023 |
# ? Jul 27, 2023 14:14 |
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Here's the text of the bill in question. It looks like covered officials could still trade mutual funds and treasuries, and anything they had upon entering office could get sold (within 180 days) or placed in a trust, but no more buying or selling after that. Penalties would start at 10% of the transaction value, per transaction.
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# ? Jul 27, 2023 14:54 |
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Quorum posted:Here's the text of the bill in question. It looks like covered officials could still trade mutual funds and treasuries, and anything they had upon entering office could get sold (within 180 days) or placed in a trust, but no more buying or selling after that. Penalties would start at 10% of the transaction value, per transaction. Okay good, that’s reasonable.
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# ? Jul 27, 2023 14:55 |
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The NYT platformed modern-day Lee Atwater Christopher Rufo today. He is more responsible for the current CRT/DEI frenzy as anyone in the country. Even considering the poo poo they’ve pulled in the past I’m still nonplussed. Why not give an op Ed to Stephen Miller? Or Richard Spencer? Paywalled but I’m not copying any of it because nobody wants to read that poo poo.
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# ? Jul 27, 2023 16:27 |
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NBC is reporting that the Special Counsel has informed Trump's legal team that he will be indicted for his role in January 6th and his campaign's plan to send fake electoral college voters who would give the electoral votes of states Biden won to Trump in an attempt to change the outcome of the election. https://twitter.com/BreakingNews/status/1684584883748757504 quote:Trump has said he is the target of a criminal investigation into the efforts to overturn his electoral defeat to Joe Biden.
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# ? Jul 27, 2023 16:32 |
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Mellow Seas posted:The NYT platformed modern-day Lee Atwater Christopher Rufo today. He is more responsible for the current CRT/DEI frenzy as anyone in the country. Even considering the poo poo they’ve pulled in the past I’m still nonplussed. Why not give an op Ed to Stephen Miller? Or Richard Spencer? I don't know, it's hard to beat when they published a Tom Cotton op ed calling for using "overwhelming force" against the George Floyd protests on June 3rd.
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# ? Jul 27, 2023 16:41 |
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Can’t believe that there’s a racist named Tom Cotton. If you told me that you wrote a novel where he teamed up with another racist named Jefferson Beauregard (Sessions), I’d tell you to change the names because it’s too unbelievable.
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# ? Jul 27, 2023 17:10 |
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what ever happened to Sessions? were the jokes about him being an evil regressive imp thats banished back to his dimension with legal weed laws actually true? also I think he's a "The Third"
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# ? Jul 27, 2023 17:47 |
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PhazonLink posted:what ever happened to Sessions? were the jokes about him being an evil regressive imp thats banished back to his dimension with legal weed laws actually true? He tried to return to the Senate in 2020, but lost to Tommy "military readiness is less important than scoring pro-life points" Tuberville, largely thanks to Trump interfering as revenge for his resignation as AG. He hasn't done anything of interest since, so it is indeed possible he returned to his home dimension without anyone noticing
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# ? Jul 27, 2023 17:57 |
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Leon Trotsky 2012 posted:This is the third version of it they have tried to pass. It usually dies because there are competing versions and legitimate questions about how you enforce it. What about a 100% tax rate on any gains above the market average for members of congress or the administration, or hell anyone touching someone touching someone touching someone with a hand on any lever of power. If you want to be generous let them get like, top quintile of returns or something instead of average. Then they can insider trade all they want the extra money just gets siphoned back into the state. I assume this type of extremely weird and conditional taxation policy is not legal though.
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# ? Jul 27, 2023 19:01 |
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I don’t really think any restriction on anyone other than the person actually holding office would ever pass constitutional muster.
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# ? Jul 27, 2023 19:09 |
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New York State had a fairly aggressive state-wide housing plan to spur new housing that was recently killed. That means that any new housing or zoning plans went back to the local level and things are going about as well as they usually have. Under the original state plan, Huntington in Long Island would have built 2,000 new homes. They currently have built 26 for the year and just shut down even more housing projects and the ability for homeowners to build "in-law suites" or any new accessory dwelling units on their property. https://twitter.com/SamMellins/status/1684602676426702858 quote:Long Island Town of Huntington Says No to More Apartments
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# ? Jul 27, 2023 20:14 |
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How is bending over backward to satisfy the NIMBY's the prudent choice when faced with the very obvious housing shortage in this country? It's sickening how cowardly politicians are when it comes to NIMBY's.
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# ? Jul 27, 2023 20:29 |
Leon Trotsky 2012 posted:New York State had a fairly aggressive state-wide housing plan to spur new housing that was recently killed. Yes it is you dusty old motherfucker! It is the country you fought for!
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# ? Jul 27, 2023 20:34 |
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Complexion, eh?
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# ? Jul 27, 2023 20:42 |
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Mustang posted:How is bending over backward to satisfy the NIMBY's the prudent choice when faced with the very obvious housing shortage in this country? Suburban white people really need a productive hobby.
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# ? Jul 27, 2023 20:46 |
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Mustang posted:How is bending over backward to satisfy the NIMBY's the prudent choice when faced with the very obvious housing shortage in this country? Every single politician that isn’t term-limited or eyeing retirement has the same #1 goal: win re-election. NIMBYs vote (and show up to town halls, etc.) at much, much higher rates than people would would benefit from housing initiatives.
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# ? Jul 27, 2023 20:49 |
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C2C - 2.0 posted:Yes it is you dusty old motherfucker! It is the country you fought for! Nobody said he fought on the Allies' side
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# ? Jul 27, 2023 20:51 |
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“No apartments in my town - what about my land value???” the NIMBYs cry, in country where land value is correlated pretty much 1:1 with population density.
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# ? Jul 27, 2023 20:51 |
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Zwabu posted:Complexion, eh? Literally complaining about the neighborhood's changing skin color. And somehow they don't think that's racist.
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# ? Jul 27, 2023 20:53 |
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Kaiju Cage Match posted:Suburban white people really need a productive hobby. Part of the reason NIMBY-ism is so successful is that it transcends partisanship, geography, and race. It also appeals to status quo bias because people only think of what they could lose. - People in apartments oppose more housing because they think it will increase traffic or crime. - People with houses oppose it because it will devalue their house. - White people oppose it because they think it will bring in "undesirable elements" to the neighborhood. - Black people oppose it because they think it will lead to gentrification. - Rural people oppose it because they don't want to turn into a city. - Urban people oppose it because they don't want it to change the "character" of their neighborhood. My favorite example is in Washington D.C. when the owner of a strip mall wanted to tear down the strip mall to build more apartments. Some people tried to prevent the owner from tearing down the strip mall by trying to get an "Asian dry cleaner" that opened in 1998 declared a "culturally or historically significant site" and prevent it from being torn down. On the anti-building side, you had local landlords, the black homeowner's association, the D.C. Republican party, a bunch of white liberal homeowners, and a bunch of left-wing anti-gentrification activists. On the pro-building side, you had the NRA (the restaurant one, not the gun one), the Urban League, the Cato institute, the owner of the strip mall, a construction company CEO, the NAACP, and the National Low-Income Housing Coalition. NIMBY-ism makes weird coalitions. Leon Trotsky 2012 fucked around with this message at 20:59 on Jul 27, 2023 |
# ? Jul 27, 2023 20:56 |
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Zwabu posted:Complexion, eh?
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# ? Jul 27, 2023 20:57 |
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Mellow Seas posted:“No apartments in my town - what about my land value???” the NIMBYs cry, in country where land value is correlated pretty much 1:1 with population density. i just looked on zillow and the only thing under 500k in huntington is: 60 year old 3/2 that needs to be completely gutted or torn down (360k), 1br apartment (430k), 50 foreclosure sale being sold as-is (430k), and empty lot (450k). you can see how more supply might disrupt this state of affairs (which, indeed, is the goal of building more houses).
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# ? Jul 27, 2023 20:59 |
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Leon Trotsky 2012 posted:New York State had a fairly aggressive state-wide housing plan to spur new housing that was recently killed. this old gently caress begs, with tears in his eyes, not to let brown people move into his neighborhood and those same fat old rich fucks cry and cry and cry and immediately give in. gently caress these monsters
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# ? Jul 27, 2023 21:04 |
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Zwabu posted:Complexion, eh? https://www.youtube.com/watch?v=3VIT7crQm9s
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# ? Jul 27, 2023 21:04 |
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We should have made this decision awhile ago, but it's getting harder for the US to avoid having to choose whether housing is 1. A basic need that everyone should have, or 2. An investment. In the long term it can't be both; almost by definition, an investment has to be scarce. We've tried to have it both ways, and look how that's going. The city I lived in until last year had not built any housing in decades, and was facing some kind of maintenance crisis regarding the sewers which was causing everyone's water bills to climb dramatically. At all of the public comment sessions, they were essentially pleading with people not to oppose new housing, as the increase in the tax base was massively necessary. They ended up building a number of new complexes, so I'm glad there was some improvement. But holy crap did people freak out about it. Just a complete lack of self awareness.
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# ? Jul 27, 2023 21:08 |
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We literally have vacant lots and abandoned/sketchy motels here in Southern California, sitting and rotting for decades, but NIMBYs put up a helluva fight if anyone tries to develop the land into housing. Ironically, there is a toxic Superfund fight that a developer has been fighting to build on for years, which I am opposed to because it's literally a toxic pit, but with the new eased building restrictions in our state they are trying for it one more time. Of course, the original plan was luxury condos so who knows how they are using the law for affordable housing to build their condos. Also, the local city council is voting to allow for taller buildings to be developed in the area and NIMBYs are bitching about their views of the neighboring mountains being obstructed, among other complaints. And then they will complain about all the unhoused folks in the area bringing down property values. At least some neighbors are getting on board, one dude on a corner lot built a whole new house where his backyard used to be. I'm all for it, we hope do so something like that someday soon once our kids are grown.
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# ? Jul 27, 2023 21:11 |
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Fork of Unknown Origins posted:I don’t really think any restriction on anyone other than the person actually holding office would ever pass constitutional muster. I think *maybe* having their spouses being banned from owning stock might due to all the legal weridness that goes with marraige, but that's about it. Certainly saying that their grown children or other relations won't pass consitutional muster.
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# ? Jul 27, 2023 21:29 |
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That gif of Bugs Bunny cutting off Florida but it's Long Island instead
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# ? Jul 27, 2023 21:32 |
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FlamingLiberal posted:I read that and immediately heard a loud dog whistle I mean... that's not even a dog whistle. That's just pretty straight up saying the racism.
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# ? Jul 27, 2023 21:53 |
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I know we need more housing, but if there was suddenly a big push for ADUs near me, I'd be worried about them all turning into Air BnBs instead of apartments.
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# ? Jul 27, 2023 21:59 |
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There's a separate thread with a lot of resources and information on the urban planning issue.
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# ? Jul 27, 2023 22:02 |
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Twincityhacker posted:I think *maybe* having their spouses being banned from owning stock might due to all the legal weridness that goes with marraige, but that's about it. Much as I would love to, you can't pass a bill specifically targeting Rick Scott.
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# ? Jul 27, 2023 22:13 |
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Saw the video of McConnell “freezing” up just now. Very cool that our leaders in congress all have one foot in the door towards death. Video https://www.newsweek.com/mitch-mcconnell-resign-health-freezes-1815654
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# ? Jul 28, 2023 00:20 |
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quote:“Please, please, don’t let this happen here,” he said. “This isn’t the country I fought for. You’re thinking of changing the complexion of this beautiful community.” Well at least these leathery old bints get REAL clear REAL fast about what's really up for them about this lmao, complexion
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# ? Jul 28, 2023 00:24 |
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Boris Galerkin posted:Saw the video of McConnell “freezing” up just now. Very cool that our leaders in congress all have one foot in the door towards death. they released extended audio of his speech and it clears up what he was going through
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# ? Jul 28, 2023 00:30 |
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# ? May 24, 2024 12:28 |
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I AM GRANDO posted:Can’t believe that there’s a racist named Tom Cotton. If you told me that you wrote a novel where he teamed up with another racist named Jefferson Beauregard (Sessions), I’d tell you to change the names because it’s too unbelievable. That was for real my grandmother's second husband's name so I guess...my step grandfather or however that works. He was from Mississippi and as racist as it gets. He was an rear end in a top hat. Boris Galerkin posted:Saw the video of McConnell “freezing” up just now. Very cool that our leaders in congress all have one foot in the door towards death. Yep https://www.cnn.com/2023/07/27/politics/dianne-feinstein-senate-committee-vote/index.html Feinstein gets confused in Senate Appropriations hearing and has to be prodded to vote BiggerBoat fucked around with this message at 00:56 on Jul 28, 2023 |
# ? Jul 28, 2023 00:52 |