Jump to content

Joe Biden 2023: The Dark Brandon Rises


StassneyHorn

Recommended Posts

1 minute ago, Bullneck said:

How many is that?  From UT?

Enough to understand how businesses make money.  And enough to know it’s lol to listen to people complain about what drives stock prices higher, while the only means of retirement for 95%+ of the country depends on it.  But oh no, my chicken nuggy costs a .40 more than it did a couple years ago!!1!   Just how in the fuck are we going to live thru that kind of gouge?

I graduated from a UT@ school. I’ve posted as much dozens of times in the last decade on these boards.  

Link to comment
Share on other sites

22 minutes ago, fattyflattie said:

It’s like y’all don’t understand why your 401k’s are where they are.  

 

because baby boomers have gotten the government to transfer 100+ trillion dollars of wealth to them since the early 1980s by voting in favor of policies that impoverish the following generations (that thing  you guys are constantly worried about but don't understand the cause of or the solution to)?

Quote

Boomers have quite simply been the biggest beneficiary of a “massive wealth transfer,” wrote the BofA team led by Ohsung Kwon, echoing Dalio’s observation that trillions of wealth flowed from the public to the private sector thanks to government policy since the 1980s, when boomers were in their prime working years. BofA pointed to the ballooning government debt—from 31% of GDP to 120% during that period—and the 10-year Treasury yield shrinking from 12% to 4.6% today (it’s actually 4.9% as of press time).

So how many trillions? Over this period, BofA calculates, U.S. household net worth has skyrocketed from $17 trillion to $150 trillion. Boomers, alongside “traditionalists,” hold two-thirds ($146 trillion) of that total net worth. This means that government policy has resulted in a $129 trillion wealth transfer into the pockets of those boomers and older Americans, BofA said (it didn't clarify the exact apportionment of wealth between these two groups).

https://finance.yahoo.com/news/great-wealth-transfer-isn-t-100000946.html

Edited by elfenix
  • Hook 'Em 3
Link to comment
Share on other sites

10 minutes ago, elfenix said:

because baby boomers have gotten the government to transfer 100+ trillion dollars of wealth to them since the early 1980s by voting in favor of policies that impoverish the following generations (that thing  you guys are constantly worried about but don't understand the cause of or the solution to)?

https://finance.yahoo.com/news/great-wealth-transfer-isn-t-100000946.html

It’s true. And all that money is trickling down where when they die off?  To every Gen Xr on this board.  Will probably even be able to continue to afford those nuggies at these exorbitant prices.  
 

A board full of people with solid portfolios bitching about the investor class and how the same co’s their invested in are killing it, will never not be funny.  Enjoy your XOM divs  while bitching about gas prices and the climate. Fuck outta here.   

Link to comment
Share on other sites

It’s true. And all that money is trickling down where when they die off?  To every Gen Xr on this board.  Will probably even be able to continue to afford those nuggies at these exorbitant prices.  
 
A board full of people with solid portfolios bitching about the investor class and how the same co’s their invested in are killing it, will never not be funny.  Enjoy your XOM divs  while bitching about gas prices and the climate. Fuck outta here.   

But it’s not. All of that money is going to end of life care. Thats the next massive wealth transfer is boomers to retirement homes / communities/ companies.
  • Hook 'Em 3
  • Like 1
Link to comment
Share on other sites

7 minutes ago, fattyflattie said:

It’s true. And all that money is trickling down where when they die off?  To every Gen Xr on this board.  Will probably even be able to continue to afford those nuggies at these exorbitant prices.  

Tell me you've never dealt with elder care in this country without telling me. 

  • Like 1
  • Rage+1 2
Link to comment
Share on other sites

1 minute ago, Goofyboy said:


But it’s not. All of that money is going to end of life care. Thats the next massive wealth transfer is boomers to retirement homes / communities/ companies.

A lot of it, true. Got a bit of that coming down the road myself.  But a lot of it are going to guys in new King ranch 250s, their ski boats, and newfound hobby of collecting timepieces.  Source, the last 10 neighbors and coworkers of mine who’s parents died, which allowed them immediate entry into 7 figure houses up the road a few months later.  

Link to comment
Share on other sites

50 minutes ago, fattyflattie said:

Enough to understand how businesses make money.  

OK.

50 minutes ago, fattyflattie said:

 And enough to know it’s lol to listen to people complain about what drives stock prices higher

Supply & demand for a particular stock?

50 minutes ago, fattyflattie said:

while the only means of retirement for 95%+ of the country depends on it

Social security?  Couldn't be a 401k or IRA (see below)

Quote

Among working-age individuals (ages 15 to 64), the most common type of retirement accounts in 2020 were 401(k)-style accounts (34.6%). About 18% of working-age individuals had an IRA or Keogh account, and 13.5% had a defined-benefit or cash balance plan.

50 minutes ago, fattyflattie said:

 But oh no, my chicken nuggy costs a .40 more than it did a couple years ago!!1!   Just how in the fuck are we going to live thru that kind of gouge?

What caused this $.40 increase?  Was it good (bigger executive bonuses) or bad (living wages for employees)?  Do tell!

 

50 minutes ago, fattyflattie said:

I graduated from a UT@ school. I’ve posted as much dozens of times in the last decade on these boards.  

UT Tyler, I'd guess.  They have a 65% acceptance rate. 

  • Hook 'Em 1
Link to comment
Share on other sites

59 minutes ago, Bullneck said:

What caused this $.40 increase?  Was it good (bigger executive bonuses) or bad (living wages for employees)?  Do tell!

Probably a myriad of things including the C-suite bonus’ offset by their ability to manage nonessential personnel. 

1 hour ago, Bullneck said:

UT Tyler, I'd guess.  They have a 65% acceptance rate. 

Close.  Acceptance rate likely similar. Then again, I’m planting you firmly in the lucky to get into UT when ya did group, no offense. 

Link to comment
Share on other sites

4 hours ago, Goofyboy said:

You should not be allowed to be a welfare company and have record profits.

This is an underrated point - the taxpayers are subsidizing every dollar between wages and the standard of living and it distorts prices at the point of sale. In other words, we're socializing the cost of consumption and if we are going to do that we should have eyes wide open. 

  • Hook 'Em 7
  • Like 1
Link to comment
Share on other sites

4 hours ago, fattyflattie said:

Probably a myriad of things including the C-suite bonus’ offset by their ability to manage nonessential personnel. 

Lmao what a nice way to say "layoffs and pay cuts for workers". Did you learn that doublespeak phrase in your finance course work?

Link to comment
Share on other sites

1 hour ago, Aqua Buddha said:

Good thread there.  The pollsters are still literally calling people and talking to whoever answers.  The media then waves their arms in the air and screams "LOOK AT THIS!!!"

 

Even if the polling is flawed, I'd rather the Dems take this shit serious and up their campaign game.  

I check at least 3 news sites multiple times a day, and I can't name one recent Biden accomplishment.  Part of that is obvious news bias chasing clicks, but the Dem party knows that too, so they need to find other ways to get the info out there.  This election is too important.

  • Hook 'Em 1
Link to comment
Share on other sites

Research indicates that 82% of 18-29 year old single men reached by phone at their mom’s house would like somebody to pick up a bag of cool ranch Doritos if they are already going to be at the store. 

The only reason they even answered the phone is because the call automatically paused the porn video they were watching.
  • Hook 'Em 1
Link to comment
Share on other sites

18 hours ago, fattyflattie said:

It’s true. And all that money is trickling down where when they die off?  To every Gen Xr on this board.  Will probably even be able to continue to afford those nuggies at these exorbitant prices.  
 

A board full of people with solid portfolios bitching about the investor class and how the same co’s their invested in are killing it, will never not be funny.  Enjoy your XOM divs  while bitching about gas prices and the climate. Fuck outta here.   

Some of us get jack shit from our mediocre folks and we don’t own oil stocks either.

Edited by troph
  • Hook 'Em 2
Link to comment
Share on other sites

9 hours ago, Bozo_Casanova said:

Research indicates that 82% of 18-29 year old single men reached by phone at their mom’s house would like somebody to pick up a bag of cool ranch Doritos if they are already going to be at the store. 

Nightmare material with three teenage boys. 

Link to comment
Share on other sites

Hmm. This last page has pointed out to me that I need to ask my financial adviser about investing in Senior Care stocks. Macabre, sure. But Fuck, I can't count on a functioning economy, reasonable capital controls, and a simple retirement fund and a healthy middle class to fuel my retirement. And as long as we're offering ancedotal evicdience, my mom inherited some money from her very succesful grandfather, and then remairred to a Shell engineer who saved well, invested well his entire life, and has retired with a 6 figure PENSION. They live well, but they're not in a million dollar home, they live in a nice community in Cypress. They don't travel much anymore due to age. I've run the math with him, and best case scenario if they DON'T ever end up in elder care, is that maybe, after splitting it 4 ways, we'd have enough money to pay for our son's college. 

Not sure what this massive wealth transfer is, but I know that he has to be in the top 10% of succesful people in terms of lifetime income in America. 

  • Hook 'Em 1
  • Like 2
Link to comment
Share on other sites

20 minutes ago, SydneyCarton said:

Hmm. This last page has pointed out to me that I need to ask my financial adviser about investing in Senior Care stocks. Macabre, sure. But Fuck, I can't count on a functioning economy, reasonable capital controls, and a simple retirement fund and a healthy middle class to fuel my retirement. And as long as we're offering ancedotal evicdience, my mom inherited some money from her very succesful grandfather, and then remairred to a Shell engineer who saved well, invested well his entire life, and has retired with a 6 figure PENSION. They live well, but they're not in a million dollar home, they live in a nice community in Cypress. They don't travel much anymore due to age. I've run the math with him, and best case scenario if they DON'T ever end up in elder care, is that maybe, after splitting it 4 ways, we'd have enough money to pay for our son's college. 

Not sure what this massive wealth transfer is, but I know that he has to be in the top 10% of succesful people in terms of lifetime income in America. 

I haven't looked into investing in senior living, but my wife works in the industry.  As a consumer there is a massive difference in for profit and non-profit facilities - you want to be in non-profit for sure if you can afford it.  They actually spend money on space that can be enjoyed/adds to quality of life as opposed to extracting revenue - profit - out of every square foot.  On a few random occasions I've been able to tag along on tours and the difference is obvious.

She generally works with the non-profits, and they are expensive as hell.  That said, I'm sure there is a lot of money being made in the for profit category.

Link to comment
Share on other sites

9 minutes ago, grazinhorn said:

That said, I'm sure there is a lot of money being made in the for profit category.

Good friend of mine's parents did boutique elder care for about 20 years.  They made very good money, they were exceedingly kind and compassionate to the residents.  IMPO they earned every penny.  The issues they dealt with were unreal.  Literally dealing with a half dozen or so people as they declined into death, some gracefully and others going into dementia.  Just brutal, not sure how people can do that job emotionally.

  • Hook 'Em 1
  • Like 2
Link to comment
Share on other sites

15 minutes ago, Incredulity said:

Good friend of mine's parents did boutique elder care for about 20 years.  They made very good money, they were exceedingly kind and compassionate to the residents.  IMPO they earned every penny.  The issues they dealt with were unreal.  Literally dealing with a half dozen or so people as they declined into death, some gracefully and others going into dementia.  Just brutal, not sure how people can do that job emotionally.

These people are true saints.

  • Like 1
Link to comment
Share on other sites

17 minutes ago, Incredulity said:

Good friend of mine's parents did boutique elder care for about 20 years.  They made very good money, they were exceedingly kind and compassionate to the residents.  IMPO they earned every penny.  The issues they dealt with were unreal.  Literally dealing with a half dozen or so people as they declined into death, some gracefully and others going into dementia.  Just brutal, not sure how people can do that job emotionally.

Totally agree - this summer I visited a relative who just turned 109.  It was tough to see what her life is like, but the staff members we met were amazing.  Shoot, they helped care for us during the time we were there not just the folks living there.

 

That said I was speaking more to the broader senior living category where assisted living, memory care, skilled nursing etc. are part of a full suite of services where you can live there for 20 years and progress through stages as needed..  It's all super expensive and some of the places my wife works with have 7 figure buy ins.  Insane.

 

 

 

  • Like 1
Link to comment
Share on other sites

8 minutes ago, TeeDubya said:

These people are true saints.

My dad's daytime nurse during hospice care was amazing.  They became super close, and it was almost comical, because he was a quiet, aging white college professor, short and lean, and she was a young, tall heavyset black woman who was boisterous, funny, and totally charming.  He adored her, and vice versa.

After dad passed, we stopped by the nursing home to bring her a thank-you gift, where we found out she had been fired because she came in late to work one day.  There is no justice in this world.

  • Rage+1 7
Link to comment
Share on other sites

21 hours ago, Goofyboy said:


But it’s not. All of that money is going to end of life care. Thats the next massive wealth transfer is boomers to retirement homes / communities/ companies.

Hip Hop Reaction GIF

21 hours ago, fattyflattie said:

A lot of it, true. Got a bit of that coming down the road myself.  But a lot of it are going to guys in new King ranch 250s, their ski boats, and newfound hobby of collecting timepieces.  Source, the last 10 neighbors and coworkers of mine who’s parents died, which allowed them immediate entry into 7 figure houses up the road a few months later.  

Those guys are the ones that got their parents comfortable with understanding thick, foreign accents. That's where the value can be found. 

Link to comment
Share on other sites

5 minutes ago, Biff Tannen said:

I wonder if dotard cult members will try and run Biden off the highway again?  We all know their savior won't even be at this debate.

I kinda hope they try... just from them to witness how different the consequences would be this time. 

Edited by YChang
Link to comment
Share on other sites

22 minutes ago, Mo Horn said:

It won't be a debate, because Dotard ain't showing up. He won't do a single debate. 

Correct.  There are not going to be any debates.

We are done with presidential elections as we have traditionally known them.  And, if Dotard wins, we are done with presidential elections altogether.

  • Like 1
  • Rage+1 1
Link to comment
Share on other sites

I know they don’t understand paradoxes, hypocrisy, nor irony.   But even like just 5% of the stupids will at least pause a moment and silently think to themselves, “Wait, Trump is mentally tough and knows the best words.  Joe is senile and easily duped.  Why doesn’t Donald just show up and embarrass him like I know he can?  Seems like shooting fish in a barrel.  Oh wait.  Right, right.  4-D chess. Yep, that’s my guy Trump.  He knows all the moves even if I can’t see them…”

Link to comment
Share on other sites

4 hours ago, YGIFS said:

I know they don’t understand paradoxes, hypocrisy, nor irony.   But even like just 5% of the stupids will at least pause a moment and silently think to themselves, “Wait, Trump is mentally tough and knows the best words.  Joe is senile and easily duped.  Why doesn’t Donald just show up and embarrass him like I know he can?  Seems like shooting fish in a barrel.  Oh wait.  Right, right.  4-D chess. Yep, that’s my guy Trump.  He knows all the moves even if I can’t see them…”

Except pretty much no one thinks that. The people who love Trump love him because he is a bellicose a-hole. 
Specifically to the GIF above Trump would literally not shut up for a moment in his debates with Joe.  Him being exactly who he is, not 4d chess, just a loud mouth A-hole.

Link to comment
Share on other sites

4 hours ago, Incredulity said:

 Him being exactly who he is, not 4d chess, just a loud mouth A-hole.

I'm going to regret this, but why is this attractive to people?  Especially in a "I'm going to vote for that man to lead the free world" type of way?

Edited by Biff Tannen
Link to comment
Share on other sites

I'm going to regret this, but why is this attractive to people?  Especially in a "I'm going to vote for than man to lead the free world" type of way?
Because it will piss off liberals. And pissing off liberals is more important than any policy or crisis management could ever possibly be.
  • Hook 'Em 3
  • Like 2
  • Rage+1 2
  • Drool 1
Link to comment
Share on other sites

1 hour ago, Biff Tannen said:

I'm going to regret this, but why is this attractive to people?  Especially in a "I'm going to vote for than man to lead the free world" type of way?

 Because they’re assholes too

  • Hook 'Em 4
  • Like 2
  • Drool 1
Link to comment
Share on other sites



×
×
  • Create New...