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Incredulity

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Everything posted by Incredulity

  1. It’s staggering the best golfer in the world the last two years can post the record Scottie has at the last two Ryder Cups. I guess it will become a thing now. This team was pretty much completely missing veteran player leadership like Rose provided the last two cups. That should be a role for Dustin Johnson who destroyed at WS but took the pay day and fucked off. DeChambeau desperately wants to lead but repeatedly manages to step on his own dick. Good luck getting modern American athletes to buy into any sort of rigid Ryder Cup program. If there is any conflict with whatever they are doing individually to chase real money what do you think wins out? I’m a bit suspicious the McGinley is largley full of crap that the Euros have a process “recipe” for RC
  2. First, it was your example. point is, if the stock gets hit while he has a loan against it the math gets all fucked up and it makes ZERO economic sense to have taken the loan versus having paid the cap gains tax. Which by the way he is doing in your scenario. So again NO it isn’t easy peasy no care stuff, even for billionaires. And for the record I could give a shit if he gets scalped or not. As I have stated above there should be higher top end brackets. I’m open to that for cap gains. Unfortunately when policies like that get proposed and implemented they are implemented at levels that are minuscule to the level of billionaires. 175 k income isn’t getting anyone generational wealth the40% estate tax12 million exemption is a crime for someone who has been fortunate enough to build wealth to a level where they stand a chance to build generational wealth. 100 million if a fuck load of money. If the majority of it is in a private business or farm all the estate tax accomplishes is the forced sale of those assets to a larger corporation and consolodates wealth even more.
  3. Strong argument for all time worst
  4. Go on..
  5. that all depends on the price of the stock he has borrowed against and what rate he borrowed at. Companies go bankrupt all the time. As in 2022, gigantic mega companies stocks get cut in half in short order. NO ONE in December of 2022 knew that Amazon stock would be where it is today. If he and the lenders didn't have some sleepless nights in Dec of 2022, god bless.
  6. He's not pledging 100% of his stock to borrow 5% of it. Unless he is a complete fucking moron.
  7. correct, they're stickless. Kind of like boneless wings...
  8. Jeff Bezos borrows 25B in November of 2021. Amazon stock price $183. Whats the status of Jeff Bezos face in Dec of 2022. Amazon stock price $84.00? His 500B just took a topline haircut of 250B and his loan collateral is underwater 12B. I'm sure the lender is going to demand more collateral. Oh by the way rates are going to jump 5% in the next 12 months. So again what is easy about that?
  9. Its a market distortion brought on by ZIRP. All debt has risk, leveraging your individual stock holdings isn't some new phenomenon. Quite easy to get your face ripped off with a stock move in the wrong direction.
  10. Taxes on wealth and taxes on income are pretty distinct topics. As I stated I think there should be higher rates on higher income levels. My preference would be the brackets are shifted up, provide relief to middle, and marginally increase top rates at very top with additional brackets as well. Social Security payroll taxes are regressive, although that is increased every year. Medicare payroll is a progressive tax with additional above 200K.
  11. Median sales price of a home nearly TRIPLED in the 70's. Never would have guessed that. roughly 24K to 64K. Although those numbers seem laughably small now. I assume that is the inflation of that decade effects.
  12. The 2016 -2020 window in that chart is extremely interesting.
  13. The federal income tax is currently extremely progressive. Are you referring to other taxes?
  14. This is only correct through the lens of the last 25 years. Housing as an investment has had periods of significant losses. The same issue exists in all asset classes really. Which is #1 on my list, ZIRP. Which is the government backstop to economic realities that has been implemented over and over since Dotcom bust.
  15. disregarding whatever it may say about my mental state. He is saying, "I have back pussy" in this gif. I can't unsee it.
  16. Yes I agree. My list was not intended to be a comprehensive scheme, but more of an outline of key things I think would make a significant difference. Unfortunately none of the items I listed are -push button, receive bacon- in regards to immediate gratification. So they won't happen for that and many, many other reasons. Housing is a huge issue and become completely absurd from a cost standpoint. Besides #2, #1 and #4 would have impacts on housing.
  17. I’ll answer my own question (keeping apolitical) 1.) keep interest rates in a normal band commiserate with a nonzero return on cash and to price risk capital appropriately. ZIRP facilitated the above Buy, Borrow, Die along with numerous other market distortions. 2.) Rationalize/cut regulations. 3.) raise top tax rates. Move rate progressive levels upward. $175k isn’t wiping your ass with $100’s and shouldn’t suffer greater rates. 4.) Federal infrastructure investment in roads, bridges, ports, energy specifically synced with #2 above. Preempt legal challenges and get shit done.
  18. So give me your recipe to solve K shaped economy?
  19. Well that putt by DC kind of sums it all up.
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